Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $39,669

• 1e · Government grants (contributions)

  $20,000

• 1f · All other contributions, gifts and grants

  $4,029,549

• 1g · Noncash contributions included above

  $290,332

• 2a · Program service revenue: TUITION INCOME

  total $31,808,750 · related or exempt $31,808,750

• 2b · Program service revenue: RIVERS SCHOOL CONSERVATORY

  total $3,198,954 · related or exempt $3,198,954

• 2c · Program service revenue: SUMMER CAMPS

  total $552,173 · related or exempt $552,173

• 2d · Program service revenue: SCHOOL ACTIVITIES

  total $546,999 · related or exempt $546,999

• 3 · Investment income

  total $887,845 · excluded $887,845

• 6a · Gross rents

  real property $76,554

• 6b · Less rental expenses

  real property $97,401

• 6c · Rental income or loss

  real property -$20,847

• 6d · Net rental income or loss

  total -$20,847 · excluded -$20,847

• 7a · Gross sales of assets other than inventory

  securities $34,437,477

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

  securities $34,283,321

• 7c · Gain or loss

  securities $154,156

• 7d · Net gain or loss

  total $154,156 · excluded $154,156

• 8a · Fundraising events: gross income

  $45,910

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

  $39,669

• 8b · Fundraising events: direct expenses

  $84,636

• 8c · Net income from fundraising events

  total -$38,726 · excluded -$38,726

• 9a · Gaming: gross income

  $5,560

• 9b · Gaming: direct expenses

  $910

• 9c · Net income from gaming

  total $4,650 · excluded $4,650

• 10a · Gross sales of inventory

  $108,950

• 10b · Cost of goods sold

  $120,182

• 10c · Net income from sales of inventory

  total -$11,232 · related or exempt -$11,232

• 11a · Other revenue: ATHLETIC FACILITY RENTS

  total $309,856 · unrelated business $309,856

• 11b · Other revenue: MISC. INCOME

  total $78,662 · related or exempt $78,662

• 11c · Other revenue: NEXTEL RENTAL

  total $42,101 · related or exempt $42,101

• 11e · Other revenue, total

  $430,619

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,344,643 · program services $7,344,643

• 5 · Compensation of officers, directors and key employees

  total $1,850,162 · program services $62,558 · management and general $1,432,060 · fundraising $355,544

• 7 · Other salaries and wages

  total $17,576,954 · program services $14,783,073 · management and general $1,607,732 · fundraising $1,186,149

• 8 · Pension plan contributions

  total $1,237,424 · program services $962,775 · management and general $189,672 · fundraising $84,977

• 9 · Other employee benefits

  total $1,841,974 · program services $1,458,934 · management and general $224,417 · fundraising $158,623

• 10 · Payroll taxes

  total $1,374,463 · program services $1,048,592 · management and general $219,718 · fundraising $106,153

• 11b · Fees: legal

  total $29,042 · management and general $29,042

• 11c · Fees: accounting

  total $71,500 · management and general $71,500

• 11e · Fees: professional fundraising services

  total $94,496 · fundraising $94,496

• 11f · Fees: investment management

  total $40,239 · management and general $40,239

• 11g · Fees: other

  total $108,688 · management and general $108,688

• 12 · Advertising and promotion

  total $21,973 · program services $300 · management and general $21,673

• 14 · Information technology

  total $388,301 · program services $291,226 · management and general $77,660 · fundraising $19,415

• 16 · Occupancy

  total $1,052,157 · program services $748,148 · management and general $278,503 · fundraising $25,506

• 20 · Interest

  total $366,798 · program services $366,798

• 22 · Depreciation, depletion and amortization

  total $3,733,580 · program services $3,277,320 · management and general $419,368 · fundraising $36,892

• 23 · Insurance

  total $341,846 · program services $246,037 · management and general $87,771 · fundraising $8,038

• 24a · Other expenses: LUNCH PROGRAM

  total $1,165,840 · program services $990,964 · management and general $116,584 · fundraising $58,292

• 24b · Other expenses: UTILITIES

  total $865,813 · program services $695,210 · management and general $156,290 · fundraising $14,313

• 24c · Other expenses: DEVELOPMENT OFFICE

  total $511,492 · fundraising $511,492

• 24d · Other expenses: OTHER SCHOOL ACTIVITIES

  total $507,991 · program services $507,991

• 24e · All other expenses

  total $2,970,836 · program services $2,229,562 · management and general $724,292 · fundraising $16,982

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $21,236,667 · end of year $16,536,430

• 2 · Savings and temporary cash investments

  beginning of year $240,374 · end of year $331,024

• 3 · Pledges and grants receivable

  beginning of year $2,830,491 · end of year $1,099,963

• 4 · Accounts receivable

  beginning of year $106,671 · end of year $170,054

• 8 · Inventories for sale or use

  beginning of year $81,632 · end of year $51,953

• 9 · Prepaid expenses and deferred charges

  beginning of year $474,862 · end of year $671,086

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

  $100,426,749

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

  $46,377,020

• 10c · Land, buildings and equipment, net

  beginning of year $53,448,594 · end of year $54,049,729

• 11 · Investments: publicly traded securities

  end of year $2,495,205

• 12 · Investments: other securities

  beginning of year $39,971,197 · end of year $46,199,547

• 15 · Other assets

  beginning of year $637,124 · end of year $688,227

• 17 · Accounts payable and accrued expenses

  beginning of year $2,296,945 · end of year $2,279,980

• 19 · Deferred revenue

  beginning of year $12,140,281 · end of year $12,405,052

• 23 · Secured mortgages and notes payable

  beginning of year $13,949,248 · end of year $13,614,147

• 25 · Other liabilities

  beginning of year $379,299 · end of year $412,635

• 27 · Net assets without donor restrictions

  beginning of year $66,226,465 · end of year $68,757,395

• 28 · Net assets with donor restrictions

  beginning of year $24,035,374 · end of year $24,824,009

The filer's explanations (Part III)

PART I, LINE 4A

EDWARD V. PARSONS $266,666

SCHEDULE J, PART I LINE 1A-HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE:

AS PART OF HIS DUTIES AS HEAD OF SCHOOL, EDWARD PARSONS IS REQUIRED TO STAY ON CAMPUS IN A SCHOOL OWNED HOUSE. INCLUDED IN MR. PARSONS' SCHEDULE J PART II COLUMN (D) NONTAXABLE BENEFITS IS AN AMOUNT FOR 5% OF THE VALUE OF THE HOUSE.

SCHEDULE J, PART I LINE 1A-HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE:

AS PART OF HIS DUTIES AS HEAD OF SCHOOL, RYAN DAHLEM IS REQUIRED TO STAY ON CAMPUS IN A SCHOOL OWNED HOUSE. INCLUDED IN MR. DAHLEM'S SCHEDULE J PART II COLUMN (D) NONTAXABLE BENEFITS IS AN AMOUNT FOR 5% OF THE VALUE OF THE HOUSE.