Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,164,088

• 1f · All other contributions, gifts and grants

  $12,748,194

• 1g · Noncash contributions included above

  $1,309,895

• 2a · Program service revenue: TUITION AND FEES

  total $30,067,455 · related or exempt $30,067,455

• 2b · Program service revenue: AUXILIARY

  total $2,016,514 · related or exempt $2,016,514

• 2c · Program service revenue: OTHER SOURCES

  total $356,895 · related or exempt $356,895

• 3 · Investment income

  total $1,107,587 · excluded $1,107,587

• 6a · Gross rents

  real property $39,186

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $39,186

• 6d · Net rental income or loss

  total $39,186 · unrelated business $39,186

• 7a · Gross sales of assets other than inventory

  securities $2,295,339

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

  securities $2,288,031 · other assets $810,986

• 7c · Gain or loss

  securities $7,308 · other assets -$810,986

• 7d · Net gain or loss

  total -$803,678 · related or exempt -$810,986 · excluded $7,308

• 11a · Other revenue: BAD DEBT/RECOVERY ON UNCONDITIONA

  total $15,750 · related or exempt $15,750

• 11e · Other revenue, total

  $15,750

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $6,154,579 · program services $6,154,579

• 5 · Compensation of officers, directors and key employees

  total $1,018,989 · program services $611,819 · management and general $187,211 · fundraising $219,959

• 7 · Other salaries and wages

  total $15,872,610 · program services $13,935,259 · management and general $1,669,574 · fundraising $267,777

• 8 · Pension plan contributions

  total $912,596 · program services $781,326 · management and general $111,605 · fundraising $19,665

• 9 · Other employee benefits

  total $2,600,401 · program services $2,226,353 · management and general $318,015 · fundraising $56,033

• 10 · Payroll taxes

  total $1,212,286 · program services $1,037,908 · management and general $148,256 · fundraising $26,122

• 11a · Fees: management

  total $6,580 · management and general $6,580

• 11b · Fees: legal

  total $57,550 · management and general $57,550

• 11c · Fees: accounting

  total $72,896 · management and general $72,896

• 11f · Fees: investment management

  total $299,556 · management and general $299,556

• 12 · Advertising and promotion

  total $568,498 · management and general $362,966 · fundraising $205,532

• 13 · Office expenses

  total $302,000 · program services $14,072 · management and general $247,708 · fundraising $40,220

• 17 · Travel

  total $57,216 · program services $45,831 · management and general $5,607 · fundraising $5,778

• 20 · Interest

  total $56,738 · management and general $51,801 · fundraising $4,937

• 22 · Depreciation, depletion and amortization

  total $2,653,299 · program services $2,471,122 · management and general $182,177

• 23 · Insurance

  total $317,658 · management and general $317,658

• 24a · Other expenses: MATERIAL AND SUPPLIES

  total $2,185,849 · program services $1,840,545 · management and general $213,786 · fundraising $131,518

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $1,711,244 · program services $1,579,772 · management and general $131,472

• 24c · Other expenses: UTILITIES

  total $735,911 · program services $691,756 · management and general $44,155

• 24d · Other expenses: MISCELLANEOUS

  total $593,130 · program services $532,030 · management and general $18,849 · fundraising $42,251

• 24e · All other expenses

  total $1,354,041 · program services $1,176,193 · management and general $177,848

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $19,393,001 · end of year $16,343,732

• 3 · Pledges and grants receivable

  beginning of year $1,962,439 · end of year $10,372,367

• 4 · Accounts receivable

  beginning of year $281,902 · end of year $129,687

• 7 · Other notes and loans receivable

  beginning of year $40,000 · end of year $30,000

• 8 · Inventories for sale or use

  beginning of year $25,979 · end of year $28,715

• 9 · Prepaid expenses and deferred charges

  beginning of year $162,700 · end of year $189,556

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

  $85,964,781

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

  $33,909,264

• 10c · Land, buildings and equipment, net

  beginning of year $51,578,220 · end of year $52,055,517

• 11 · Investments: publicly traded securities

  beginning of year $46,725,746 · end of year $55,761,274

• 15 · Other assets

  beginning of year $224,585 · end of year $203,546

• 17 · Accounts payable and accrued expenses

  beginning of year $2,948,298 · end of year $2,847,632

• 25 · Other liabilities

  beginning of year $1,903,756 · end of year $2,746,148

• 27 · Net assets without donor restrictions

  beginning of year $75,433,002 · end of year $78,383,026

• 28 · Net assets with donor restrictions

  beginning of year $40,109,516 · end of year $51,137,588

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS IS PROVIDED FOR SCHOOL RELATED FUNCTIONS ONLY. EXPENDITURES FROM THE DISCRETIONARY SPENDING ACCOUNT ARE APPROVED THROUGH THE NORMAL CASH DISBURSEMENTS PROCESS. HEALTH AND SOCIAL CLUB DUES ARE PROVIDED AS A MEANS TO STAY IN CONTACT WITH PARENTS AND ALUMNI OF THE SCHOOLS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HILLSDALE LAND COMPANY LLC

  RENTAL OF RESIDENTIAL PROPERTY · OH · income $39,186 · assets $338,782