Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $6,356,815

• 1g · Noncash contributions included above

  $406,827

• 2a · Program service revenue: TUITION

  total $21,248,000 · related or exempt $21,248,000

• 2b · Program service revenue: AUXILIARY SERVICES

  total $647,670 · related or exempt $647,670

• 3 · Investment income

  total $2,694,957 · unrelated business $179,890 · excluded $2,515,067

• 6a · Gross rents

  real property $152,486

• 6b · Less rental expenses

  real property $26,619

• 6c · Rental income or loss

  real property $125,867

• 6d · Net rental income or loss

  total $125,867 · related or exempt $125,867

• 7a · Gross sales of assets other than inventory

  securities $9,105,157

• 7b · Less cost or other basis and sales expenses

  securities $6,057,359

• 7c · Gain or loss

  securities $3,047,798

• 7d · Net gain or loss

  total $3,047,798 · excluded $3,047,798

• 11a · Other revenue: OTHER REVENUE

  total $182,023 · related or exempt $182,023

• 11e · Other revenue, total

  $182,023

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,449,280 · program services $7,449,280

• 5 · Compensation of officers, directors and key employees

  total $1,097,124 · program services $481,202 · management and general $355,559 · fundraising $260,363

• 7 · Other salaries and wages

  total $10,713,705 · program services $8,940,376 · management and general $753,750 · fundraising $1,019,579

• 8 · Pension plan contributions

  total $1,011,676 · program services $839,493 · management and general $75,015 · fundraising $97,168

• 9 · Other employee benefits

  total $1,872,454 · program services $1,514,064 · management and general $162,455 · fundraising $195,935

• 10 · Payroll taxes

  total $873,437 · program services $699,889 · management and general $80,050 · fundraising $93,498

• 11b · Fees: legal

  total $43,927 · management and general $43,927

• 11c · Fees: accounting

  total $88,614 · management and general $88,614

• 11f · Fees: investment management

  total $339,424 · management and general $339,424

• 11g · Fees: other

  total $856,040 · program services $612,398 · management and general $76,054 · fundraising $167,588

• 12 · Advertising and promotion

  total $13,744 · program services $13,744

• 13 · Office expenses

  total $254,436 · program services $240,505 · management and general $13,931

• 14 · Information technology

  total $480,352 · program services $203,654 · management and general $276,698

• 16 · Occupancy

  total $790,831 · program services $790,831

• 17 · Travel

  total $235,760 · program services $137,235 · management and general $968 · fundraising $97,557

• 19 · Conferences, conventions and meetings

  total $180,344 · program services $160,650 · management and general $10,641 · fundraising $9,053

• 20 · Interest

  total $1,392,401 · management and general $1,392,401

• 23 · Insurance

  total $304,545 · management and general $304,545

• 24a · Other expenses: PRRSM AND CAPITAL

  total $1,969,524 · program services $1,969,524

• 24b · Other expenses: DINING SERVICE

  total $1,912,624 · program services $1,912,624

• 24c · Other expenses: FACILITIES AND GROUNDS

  total $874,121 · program services $694,360 · management and general $179,761

• 24d · Other expenses: AUXILIARY PROGRAMS

  total $663,646 · program services $663,646

• 24e · All other expenses

  total $1,586,252 · program services $1,098,858 · management and general $193,039 · fundraising $294,355

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,995,535 · end of year $3,125,622

• 3 · Pledges and grants receivable

  beginning of year $2,032,995 · end of year $2,340,986

• 4 · Accounts receivable

  beginning of year $322,925 · end of year $164,715

• 8 · Inventories for sale or use

  beginning of year $121,906 · end of year $121,240

• 9 · Prepaid expenses and deferred charges

  beginning of year $930,238 · end of year $1,171,636

• 10a · Land, buildings and equipment: cost or other basis

  $152,546,445

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $152,546,445 · end of year $152,546,445

• 11 · Investments: publicly traded securities

  beginning of year $21,485,654 · end of year $29,368,337

• 12 · Investments: other securities

  beginning of year $201,195,096 · end of year $208,895,725

• 15 · Other assets

  beginning of year $1,148,654 · end of year $1,541,496

• 17 · Accounts payable and accrued expenses

  beginning of year $1,454,115 · end of year $1,867,320

• 19 · Deferred revenue

  beginning of year $1,735,745 · end of year $1,933,566

• 20 · Tax-exempt bond liabilities

  beginning of year $38,877,851 · end of year $38,733,304

• 25 · Other liabilities

  beginning of year $826,131 · end of year $541,361

• 27 · Net assets without donor restrictions

  beginning of year $261,353,595 · end of year $269,191,356

• 28 · Net assets with donor restrictions

  beginning of year $78,532,011 · end of year $87,009,295

The filer's explanations (Part III)

PART I, LINE 1A

THE SCHOOL PROVIDES HOUSING FOR THE HEAD OF SCHOOL AND ASSOCIATE HEAD OF SCHOOL AS A CONDITION OF EMPLOYMENT. BOTH ARE CONSIDERED TO BE KEY OR HIGHLY COMPENSATED EMPLOYEES AND AS SUCH ARE LISTED ON THE FORM 990, PART VII.

PART I, LINE 4B

THE HEAD OF SCHOOL, JOY MCGRATH, IS A PARTICIPANT IN A NONQUALIFIED SECTION 457 PLAN. THE SCHOOL MADE A CONTRIBUTION OF $22,542 DURING THE FISCAL YEAR ENDED 6/30/24.