Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,947,620

• 1g · Noncash contributions included above

  $132,606

• 2a · Program service revenue: TUITION AND FEES

  total $36,089,568 · related or exempt $36,089,568

• 2b · Program service revenue: SUMMER CAMP

  total $1,287,954 · related or exempt $1,287,954

• 2c · Program service revenue: DAYCARE AND AFTER SCHO

  total $309,504 · related or exempt $309,504

• 3 · Investment income

  total $2,300,488 · excluded $2,300,488

• 6a · Gross rents

  real property $142,818

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $142,818

• 6d · Net rental income or loss

  total $142,818 · excluded $142,818

• 7a · Gross sales of assets other than inventory

  securities $4,519,823

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

  securities $0

• 7c · Gain or loss

  securities $4,519,823

• 7d · Net gain or loss

  total $4,519,823 · excluded $4,519,823

• 10a · Gross sales of inventory

  $23,064

• 10b · Cost of goods sold

  $19,367

• 10c · Net income from sales of inventory

  total $3,697 · related or exempt $3,697

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,354,675 · program services $5,354,675

• 5 · Compensation of officers, directors and key employees

  total $1,081,575 · program services $837,588 · management and general $202,735 · fundraising $41,252

• 7 · Other salaries and wages

  total $19,100,503 · program services $14,798,765 · management and general $3,575,967 · fundraising $725,771

• 8 · Pension plan contributions

  total $1,073,113 · program services $827,870 · management and general $203,093 · fundraising $42,150

• 9 · Other employee benefits

  total $6,148,480 · program services $4,743,342 · management and general $1,163,638 · fundraising $241,500

• 10 · Payroll taxes

  total $1,035,748 · program services $799,044 · management and general $196,022 · fundraising $40,682

• 11b · Fees: legal

  total $94,599 · management and general $94,599

• 11c · Fees: accounting

  total $62,407 · management and general $62,407

• 11e · Fees: professional fundraising services

  total $28,700 · fundraising $28,700

• 11f · Fees: investment management

  total $126,074 · management and general $126,074

• 11g · Fees: other

  total $1,775,262 · program services $257,219 · management and general $1,503,092 · fundraising $14,951

• 12 · Advertising and promotion

  total $9,915 · program services $9,915

• 13 · Office expenses

  total $757,707 · program services $499,082 · management and general $178,993 · fundraising $79,632

• 14 · Information technology

  total $234,506 · program services $34,602 · management and general $199,904

• 16 · Occupancy

  total $729,076 · program services $626,294 · management and general $102,782

• 17 · Travel

  total $353,770 · program services $319,341 · management and general $23,145 · fundraising $11,284

• 19 · Conferences, conventions and meetings

  total $102,739 · management and general $102,739

• 20 · Interest

  total $592,293 · program services $345,485 · management and general $246,808

• 22 · Depreciation, depletion and amortization

  total $2,900,930 · program services $2,465,791 · management and general $435,139

• 23 · Insurance

  total $270,136 · program services $229,616 · management and general $40,520

• 24a · Other expenses: BAD DEBT EXPENSE

  total $1,293,981 · management and general $1,293,981

• 24b · Other expenses: STUDENT SERVICES AND AC

  total $416,538 · program services $416,538

• 24c · Other expenses: EQUIPMENT RENTAL

  total $386,204 · program services $175,785 · management and general $210,419

• 24d · Other expenses: ACADEMICS

  total $307,415 · program services $307,415

• 24e · All other expenses

  total $919,498 · program services $458,239 · management and general $325,038 · fundraising $136,221

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,168,065 · end of year $1,238,439

• 2 · Savings and temporary cash investments

  beginning of year $3,344,549 · end of year $15,091,980

• 3 · Pledges and grants receivable

  beginning of year $3,551,072 · end of year $3,096,862

• 4 · Accounts receivable

  beginning of year $25,662,382 · end of year $27,126,274

• 7 · Other notes and loans receivable

  beginning of year $683,095 · end of year $690,054

• 8 · Inventories for sale or use

  beginning of year $86,595 · end of year $80,035

• 9 · Prepaid expenses and deferred charges

  beginning of year $572,434 · end of year $686,446

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

  $81,674,926

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

  $37,808,766

• 10c · Land, buildings and equipment, net

  beginning of year $43,604,932 · end of year $43,866,160

• 11 · Investments: publicly traded securities

  beginning of year $50,490,148 · end of year $55,395,165

• 12 · Investments: other securities

  beginning of year $7,111,177 · end of year $7,712,094

• 15 · Other assets

  beginning of year $0 · end of year $92,667

• 17 · Accounts payable and accrued expenses

  beginning of year $2,754,707 · end of year $3,131,029

• 19 · Deferred revenue

  beginning of year $27,921,775 · end of year $29,659,296

• 20 · Tax-exempt bond liabilities

  end of year $11,000,000

• 21 · Escrow or custodial account liability

  beginning of year $43,966 · end of year $41,706

• 23 · Secured mortgages and notes payable

  beginning of year $155,701 · end of year $115,701

• 25 · Other liabilities

  beginning of year $582,000 · end of year $607,500

• 27 · Net assets without donor restrictions

  beginning of year $58,390,395 · end of year $57,447,611

• 28 · Net assets with donor restrictions

  beginning of year $47,425,905 · end of year $53,073,333

The filer's explanations (Part III)

PART I, LINE 1A

HEAD OF SCHOOL ALLISON GAINES PELL, AS A CONDITION OF EMPLOYMENT IN ORDER TO PROPERLY DISCHARGE HER RESPONSIBILITIES, AND FOR THE CONVENIENCE OF THE SCHOOL, IS REQUIRED TO MAINTAIN HER RESIDENCE IN A LOCAL HOME WHICH IS CONTIGUOUS TO CAMPUS AND IS OWNED BY THE SCHOOL.