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Nonprofiteer
← WINSTON PREPARATORY SCHOOL

Form 990 for tax year 2023

Filed by WINSTON PREPARATORY SCHOOL.

Totals

Total revenue
$46,346,122
Total expenses
$46,894,816
Contributions and grants received
$634,497
Grants paid
$0
Program service revenue
$45,039,272
Investment income
$672,353
Other revenue
$0
Total assets, end of year
$100,968,091
Total liabilities, end of year
$64,743,593
Net assets or fund balances, end of year
$36,224,498
Program services expenses (Part IX)
$36,563,340
Management and general expenses
$9,753,984
Fundraising expenses
$577,492
Program service expenses (Part III)
$36,563,340

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $634,497

  • 2a · Program service revenue: TUITION

    total $44,988,670 · related or exempt $44,988,670

  • 2b · Program service revenue: APPLICATION FEES

    total $46,876 · related or exempt $46,876

  • 2c · Program service revenue: OTHER

    total $3,726 · related or exempt $3,726

  • 3 · Investment income

    total $672,353 · excluded $672,353

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,960,492 · program services $1,556,300 · management and general $2,283,518 · fundraising $120,674

  • 7 · Other salaries and wages

    total $23,425,966 · program services $20,070,995 · management and general $3,041,878 · fundraising $313,093

  • 8 · Pension plan contributions

    total $1,732,567 · program services $1,109,450 · management and general $583,589 · fundraising $39,528

  • 9 · Other employee benefits

    total $2,402,074 · program services $2,054,997 · management and general $313,689 · fundraising $33,388

  • 10 · Payroll taxes

    total $2,030,271 · program services $1,690,548 · management and general $311,841 · fundraising $27,882

  • 11b · Fees: legal

    total $469,042 · management and general $469,042

  • 11c · Fees: accounting

    total $332,568 · management and general $332,568

  • 11g · Fees: other

    total $157,415 · program services $157,415

  • 12 · Advertising and promotion

    total $694,596 · management and general $694,596

  • 13 · Office expenses

    total $567,688 · program services $85,154 · management and general $454,150 · fundraising $28,384

  • 14 · Information technology

    total $187,727 · program services $187,727

  • 16 · Occupancy

    total $5,675,065 · program services $5,107,558 · management and general $567,507

  • 19 · Conferences, conventions and meetings

    total $68,685 · program services $68,685

  • 20 · Interest

    total $245,075 · program services $220,567 · management and general $24,508

  • 22 · Depreciation, depletion and amortization

    total $1,810,722 · program services $1,629,650 · management and general $181,072

  • 23 · Insurance

    total $328,353 · program services $295,518 · management and general $32,835

  • 24a · Other expenses: CURRICULAR

    total $1,065,599 · program services $1,065,599

  • 24b · Other expenses: CREDIT LOSS

    total $996,666 · program services $996,666

  • 24c · Other expenses: MISCELLANEOUS

    total $435,567 · program services $2,568 · management and general $426,712 · fundraising $6,287

  • 24d · Other expenses: TELEPHONE

    total $165,121 · program services $140,353 · management and general $16,512 · fundraising $8,256

  • 24e · All other expenses

    total $143,557 · program services $123,590 · management and general $19,967

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,902,375 · end of year $977,406

  • 2 · Savings and temporary cash investments

    beginning of year $10,604,878 · end of year $24,233,513

  • 4 · Accounts receivable

    beginning of year $8,650,750 · end of year $9,101,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $688,798 · end of year $1,009,307

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

    $37,600,895

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

    $15,238,030

  • 10c · Land, buildings and equipment, net

    beginning of year $23,719,278 · end of year $22,362,865

  • 11 · Investments: publicly traded securities

    beginning of year $1,057,918 · end of year $1,108,825

  • 15 · Other assets

    beginning of year $43,367,230 · end of year $42,174,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,140,882 · end of year $3,596,602

  • 19 · Deferred revenue

    beginning of year $9,915,102 · end of year $9,917,014

  • 23 · Secured mortgages and notes payable

    beginning of year $8,855,543 · end of year $8,513,942

  • 25 · Other liabilities

    beginning of year $45,262,315 · end of year $42,716,035

  • 27 · Net assets without donor restrictions

    beginning of year $33,759,467 · end of year $35,114,721

  • 28 · Net assets with donor restrictions

    beginning of year $1,057,918 · end of year $1,109,777

Mission and programs · 2023

Mission

THE MISSION OF THE WINSTON PREPARATORY SCHOOL IS TO FACILIATE THE INDEPENDENCE AND MEANINGFUL PARTICIPATION OF STUDENTS WITH SPECIFIC LEARNING DISORDERS THROUGH A CONTINUOUS FEEDBACK SYSTEM THAT DEVELOPS SKILL ACQUISITION AND THE QUALITIES OF A SUSTAINABLE AND INDEPENDENT LEARNER. WINSTON PREPATORY SCHOOL ALSO SEEKS TO INFLUENCE THE FIELD OF EDUCATION WITH RESEARCH AND IMPLEMENTATION MODELS THAT ACHIEVE THESE ENDS, IN THIS WAY.

Activities or mission (Part I)

INTENSIVE EDUCATION PROGRAM FOR STUDENTS WITH LEARNING DIFFERENCES

  • THE WINSTON PREPARATORY SCHOOL IS A PRIVATE FULLY ACCREDITED SCHOOL FOR CHILDREN WITH LEARNING DISABILITIES. THE SCHOOL HAD APPROXIMATELY 581 STUDENTS DURING THE 2021/2022 SCHOOL YEAR.

    Expenses $36,563,340 · Revenue $45,039,272

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOSEPH RAULT III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREA GEISSER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL WEISSMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CONSTANCE POND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER PETILLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE ENGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRACY ROSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRIS SPOFFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMORY DONOHUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK UNTHANK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT BEZSYLKO

    EXECUTIVE DIRECTOR

    Total calculated
    $856,887
    From this org
    $833,240
    From related orgs
    $0
    Other
    $23,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $833,240
    Bonus
    $0
    Other
    $0
    Deferred
    $23,647
    Nontaxable benefits
    $0
    Filer's total
    $856,887

  • DANIEL DEGNAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $587,477
    From this org
    $563,830
    From related orgs
    $0
    Other
    $23,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $563,830
    Bonus
    $0
    Other
    $0
    Deferred
    $23,647
    Nontaxable benefits
    $0
    Filer's total
    $587,477

  • ELIZABETH DEHAVEN

    CHIEF OPERATING OFFICER

    Total calculated
    $370,566
    From this org
    $336,111
    From related orgs
    $0
    Other
    $34,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,111
    Bonus
    $0
    Other
    $0
    Deferred
    $23,341
    Nontaxable benefits
    $11,114
    Filer's total
    $370,566

  • BETH SUGERMAN

    CHIEF ENROLLMENT OFFICER

    Total calculated
    $584,713
    From this org
    $551,499
    From related orgs
    $0
    Other
    $33,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $551,499
    Bonus
    $0
    Other
    $0
    Deferred
    $22,684
    Nontaxable benefits
    $10,530
    Filer's total
    $584,713

  • SANDFORD HAGERTY

    HEAD OF SCHOOL

    Total calculated
    $371,021
    From this org
    $323,395
    From related orgs
    $0
    Other
    $47,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $323,395
    Bonus
    $0
    Other
    $0
    Deferred
    $23,647
    Nontaxable benefits
    $23,979
    Filer's total
    $371,021

  • ERICA PICHE

    HEAD OF SCHOOL

    Total calculated
    $315,806
    From this org
    $271,337
    From related orgs
    $0
    Other
    $44,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,337
    Bonus
    $0
    Other
    $0
    Deferred
    $20,072
    Nontaxable benefits
    $24,397
    Filer's total
    $315,806

  • KEITH ONCALE

    HEAD OF SCHOOL

    Total calculated
    $225,348
    From this org
    $186,754
    From related orgs
    $0
    Other
    $38,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,754
    Bonus
    $0
    Other
    $0
    Deferred
    $14,197
    Nontaxable benefits
    $24,397
    Filer's total
    $225,348

  • JOHN CIVITA

    DIRECTOR OF TRANSITIONS PROGRAMMING

    Total calculated
    $234,010
    From this org
    $218,933
    From related orgs
    $0
    Other
    $15,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,933
    Bonus
    $0
    Other
    $0
    Deferred
    $15,077
    Nontaxable benefits
    $0
    Filer's total
    $234,010

  • KRISTEN ATKINS

    HEAD OF SCHOOL

    Total calculated
    $184,555
    From this org
    $163,249
    From related orgs
    $0
    Other
    $21,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,249
    Bonus
    $0
    Other
    $0
    Deferred
    $11,007
    Nontaxable benefits
    $10,299
    Filer's total
    $184,555

  • STEPHANIE ZABAR

    HEAD OF SCHOOL

    Total calculated
    $215,947
    From this org
    $190,379
    From related orgs
    $0
    Other
    $25,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,379
    Bonus
    $0
    Other
    $0
    Deferred
    $15,038
    Nontaxable benefits
    $10,530
    Filer's total
    $215,947

  • DOUGLAS ATKINS

    DIRECTOR OF STRATEGIC INITIATIVES AND PARTNERSHIPS

    Total calculated
    $305,055
    From this org
    $275,260
    From related orgs
    $0
    Other
    $29,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,260
    Bonus
    $0
    Other
    $0
    Deferred
    $19,496
    Nontaxable benefits
    $10,299
    Filer's total
    $305,055

  • DIANA GARCIA BREINICH

    ASSISTANT CFO

    Total calculated
    $258,930
    From this org
    $232,213
    From related orgs
    $0
    Other
    $26,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,213
    Bonus
    $0
    Other
    $0
    Deferred
    $16,187
    Nontaxable benefits
    $10,530
    Filer's total
    $258,930

  • SUSAN SLATER

    HR DIRECTOR

    Total calculated
    $220,893
    From this org
    $196,815
    From related orgs
    $0
    Other
    $24,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,815
    Bonus
    $0
    Other
    $0
    Deferred
    $13,548
    Nontaxable benefits
    $10,530
    Filer's total
    $220,893

  • PAX WHITFIELD

    TECHNOLOGY DIRECTOR

    Total calculated
    $211,794
    From this org
    $173,486
    From related orgs
    $0
    Other
    $38,308
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,486
    Bonus
    $0
    Other
    $0
    Deferred
    $13,911
    Nontaxable benefits
    $24,397
    Filer's total
    $211,794

  • MONIQUE LAYANI

    FOCUS PROGRAM DIRECTOR

    Total calculated
    $176,308
    From this org
    $164,467
    From related orgs
    $0
    Other
    $11,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,467
    Bonus
    $0
    Other
    $0
    Deferred
    $11,841
    Nontaxable benefits
    $0
    Filer's total
    $176,308

  • MERYL GLUCK

    FORMER IN-HOUSE COUNSEL

    Total calculated
    $147,868
    From this org
    $130,647
    From related orgs
    $0
    Other
    $17,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,647
    Bonus
    $0
    Other
    $0
    Deferred
    $6,922
    Nontaxable benefits
    $10,299
    Filer's total
    $147,868

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541339349302739

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