Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $172,568

• 1f · All other contributions, gifts and grants

  $592,795

• 1g · Noncash contributions included above

  $114,231

• 2a · Program service revenue: TUITION AND FEES

  total $14,103,549 · related or exempt $14,103,549

• 2b · Program service revenue: AUXILIARY PROGRAM FEES

  total $2,374,068 · related or exempt $2,374,068

• 3 · Investment income

  total $540,181 · excluded $540,181

• 6a · Gross rents

  real property $80,632

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $80,632

• 6d · Net rental income or loss

  total $80,632 · excluded $80,632

• 7a · Gross sales of assets other than inventory

  securities $22,011

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

  securities $16,968

• 7c · Gain or loss

  securities $5,043

• 7d · Net gain or loss

  total $5,043 · excluded $5,043

• 8a · Fundraising events: gross income

  $55,048

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

  $172,568

• 8b · Fundraising events: direct expenses

  $112,017

• 8c · Net income from fundraising events

  total -$56,969 · excluded -$56,969

• 9a · Gaming: gross income

  $8,760

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $8,760 · excluded $8,760

• 11a · Other revenue: MISCELLANEOUS

  total $37,014 · excluded $37,014

• 11e · Other revenue, total

  $37,014

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,677,027 · program services $2,677,027

• 5 · Compensation of officers, directors and key employees

  total $574,682 · program services $462,045 · management and general $95,397 · fundraising $17,240

• 7 · Other salaries and wages

  total $8,480,113 · program services $6,797,340 · management and general $1,411,616 · fundraising $271,157

• 8 · Pension plan contributions

  total $423,315 · program services $314,965 · management and general $92,449 · fundraising $15,901

• 9 · Other employee benefits

  total $714,527 · program services $602,960 · management and general $109,657 · fundraising $1,910

• 10 · Payroll taxes

  total $696,196 · program services $574,355 · management and general $99,737 · fundraising $22,104

• 11b · Fees: legal

  total $29,045 · management and general $29,045

• 11c · Fees: accounting

  total $170,889 · management and general $170,889

• 11f · Fees: investment management

  total $56,439 · management and general $56,439

• 11g · Fees: other

  total $526,798 · program services $431,715 · management and general $91,006 · fundraising $4,077

• 12 · Advertising and promotion

  total $33,631 · program services $33,631

• 13 · Office expenses

  total $144,550 · program services $111,740 · management and general $20,788 · fundraising $12,022

• 14 · Information technology

  total $50,569 · program services $50,569

• 16 · Occupancy

  total $461,514 · program services $436,566 · management and general $24,948

• 17 · Travel

  total $254,168 · program services $254,168

• 19 · Conferences, conventions and meetings

  total $118,964 · program services $24,851 · management and general $88,424 · fundraising $5,689

• 20 · Interest

  total $378,027 · management and general $378,027

• 22 · Depreciation, depletion and amortization

  total $1,135,734 · program services $1,135,734

• 23 · Insurance

  total $225,283 · management and general $225,283

• 24a · Other expenses: MAINTENANCE

  total $837,760 · program services $837,760

• 24b · Other expenses: MISCELLANEOUS

  total $271,107 · program services $178,464 · management and general $92,223 · fundraising $420

• 24c · Other expenses: EDUCATIONAL EXPENSE

  total $187,889 · program services $161,062 · management and general $26,827

• 24d · Other expenses: FACULTY & STAFF DEVEL.

  total $82,967 · program services $82,967

• 24e · All other expenses

  total $168,034 · program services $63,776 · management and general $93,259 · fundraising $10,999

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,165,800 · end of year $3,786,798

• 2 · Savings and temporary cash investments

  beginning of year $1,829,901 · end of year $1,992,530

• 4 · Accounts receivable

  beginning of year $6,956,191 · end of year $6,808,455

• 7 · Other notes and loans receivable

  end of year $2,743

• 9 · Prepaid expenses and deferred charges

  beginning of year $194,557 · end of year $132,118

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

  $29,994,520

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

  $13,049,804

• 10c · Land, buildings and equipment, net

  beginning of year $17,399,172 · end of year $16,944,716

• 11 · Investments: publicly traded securities

  beginning of year $10,851,433 · end of year $11,591,652

• 17 · Accounts payable and accrued expenses

  beginning of year $644,532 · end of year $788,976

• 19 · Deferred revenue

  beginning of year $12,228,037 · end of year $12,679,717

• 20 · Tax-exempt bond liabilities

  beginning of year $11,630,154 · end of year $11,639,108

• 23 · Secured mortgages and notes payable

  beginning of year $1,535,000 · end of year $1,275,000

• 27 · Net assets without donor restrictions

  beginning of year $10,560,906 · end of year $10,138,524

• 28 · Net assets with donor restrictions

  beginning of year $4,798,425 · end of year $4,737,687

The filer's explanations (Part III)

PART I, LINE 1A

THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE OF 2,500 PER MONTH AS PART OF HER EMPLOYMENT CONTRACT. THIS ALLOWANCE IS TREATED AS TAXABLE INCOME AND INCLUDED ON HER ANNUAL W-2.

Disregarded entities

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

• 1626 KALMIA ROAD LLC

  TO MANAGE PROPERTY · DC · income $63,000 · assets $1,209,138

  Directly controlled by LOWELL SCHOOL