Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $85,200

• 1f · All other contributions, gifts and grants

  $3,810,273

• 2a · Program service revenue: TUITION AND FEES

  total $9,744,267 · related or exempt $9,744,267

• 2b · Program service revenue: AUXILLARY SERVICES

  total $272,438 · related or exempt $272,438

• 3 · Investment income

  total $371,686 · excluded $371,686

• 7a · Gross sales of assets other than inventory

  securities $3,570,174

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

  securities $3,368,789

• 7c · Gain or loss

  securities $201,385

• 7d · Net gain or loss

  total $201,385 · excluded $201,385

• 8a · Fundraising events: gross income

  $163,211

• 8a · Fundraising events: contributions included on line 1c

  $85,200

• 8b · Fundraising events: direct expenses

  $140,735

• 8c · Net income from fundraising events

  total $22,476 · excluded $22,476

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,620,852 · program services $1,620,852

• 5 · Compensation of officers, directors and key employees

  total $746,146 · program services $221,801 · management and general $325,147 · fundraising $199,198

• 7 · Other salaries and wages

  total $5,937,318 · program services $5,162,140 · management and general $378,518 · fundraising $396,660

• 8 · Pension plan contributions

  total $353,461 · program services $271,086 · management and general $52,373 · fundraising $30,002

• 9 · Other employee benefits

  total $898,032 · program services $688,743 · management and general $133,063 · fundraising $76,226

• 10 · Payroll taxes

  total $474,674 · program services $382,379 · management and general $49,976 · fundraising $42,319

• 11b · Fees: legal

  total $48,659 · management and general $48,659

• 11c · Fees: accounting

  total $29,022 · management and general $29,022

• 11f · Fees: investment management

  total $31,250 · management and general $31,250

• 11g · Fees: other

  total $132,784 · management and general $132,784

• 12 · Advertising and promotion

  total $107,641 · program services $26,910 · management and general $80,731

• 13 · Office expenses

  total $177,907 · program services $88,746 · management and general $83,908 · fundraising $5,253

• 14 · Information technology

  total $122,820 · program services $92,115 · management and general $24,564 · fundraising $6,141

• 16 · Occupancy

  total $418,289 · program services $362,400 · management and general $35,756 · fundraising $20,133

• 22 · Depreciation, depletion and amortization

  total $819,365 · program services $737,429 · management and general $40,968 · fundraising $40,968

• 23 · Insurance

  total $418,084 · program services $336,792 · management and general $44,018 · fundraising $37,274

• 24a · Other expenses: PROGRAM ACTIVITIES

  total $515,630 · program services $428,479 · management and general $87,151

• 24b · Other expenses: CURRICULUM

  total $216,720 · program services $216,720

• 24c · Other expenses: SCHOOL ADMINISTRATION

  total $137,926 · program services $10,397 · management and general $126,695 · fundraising $834

• 24d · Other expenses: DEVELOPMENT

  total $53,386 · fundraising $53,386

• 24e · All other expenses

  total $18,379 · program services $16,570 · fundraising $1,809

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,555,536 · end of year $7,964,924

• 2 · Savings and temporary cash investments

  beginning of year $435,806 · end of year $549,500

• 3 · Pledges and grants receivable

  beginning of year $5,020,241 · end of year $4,290,814

• 4 · Accounts receivable

  beginning of year $8,316 · end of year $9,261

• 9 · Prepaid expenses and deferred charges

  beginning of year $122,493 · end of year $236,129

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

  $23,736,092

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

  $8,959,871

• 10c · Land, buildings and equipment, net

  beginning of year $12,947,967 · end of year $14,776,221

• 11 · Investments: publicly traded securities

  beginning of year $7,953,901 · end of year $8,813,574

• 15 · Other assets

  beginning of year $395,527 · end of year $471,765

• 17 · Accounts payable and accrued expenses

  beginning of year $806,088 · end of year $550,247

• 19 · Deferred revenue

  beginning of year $6,198,653 · end of year $6,871,844

• 25 · Other liabilities

  beginning of year $370,527 · end of year $446,765

• 27 · Net assets without donor restrictions

  beginning of year $13,092,311 · end of year $14,668,477

• 28 · Net assets with donor restrictions

  beginning of year $13,972,208 · end of year $14,574,855

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING FOR THE HEAD OF SCHOOL IS A REQUIRED CONDITION OF EMPLOYMENT AND IS INCLUDED AS PART OF EMPLOYMENT. HOUSING IS ADJACENT TO THE SCHOOL'S CAMPUS.

PART I, LINE 4B

THE HEAD OF SCHOOL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN THE AMOUNT OF $24,126.

PART I, LINE 7

THE HEAD OF SCHOOL RECEIVED DISCRETIONARY BONUSES, WHICH WAS DETERMINED BY THE HEAD SUPPORT AND EVALUATION COMMITTEE WHILE THE REMAINING INDIVIDUALS LISTED RECEIVE DISCRETIONARY BONUSES THAT ARE DETERMINED BY THE HEAD OF SCHOOL.