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← ATHENIAN SCHOOL

Form 990 for tax year 2022

Filed by ATHENIAN SCHOOL.

Totals

Total revenue
$31,255,462
Total expenses
$32,140,820
Contributions and grants received
$1,218,913
Grants paid
$4,218,343
Program service revenue
$29,366,420
Investment income
$573,154
Other revenue
$96,975
Total assets, end of year
$75,277,742
Total liabilities, end of year
$38,104,112
Net assets or fund balances, end of year
$37,173,630
Program services expenses (Part IX)
$24,609,651
Management and general expenses
$6,719,416
Fundraising expenses
$811,753
Program service expenses (Part III)
$24,609,651

Program services were 76.6% 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

    $1,218,913

  • 1g · Noncash contributions included above

    $59,971

  • 2a · Program service revenue: ADMISSIONS

    total $27,735,554 · related or exempt $27,735,554

  • 2b · Program service revenue: AUXILLARY SERVICES

    total $1,630,866 · related or exempt $1,630,866

  • 3 · Investment income

    total $566,363 · excluded $566,363

  • 6a · Gross rents

    real property $9,734

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,734

  • 6d · Net rental income or loss

    total $9,734 · excluded $9,734

  • 7a · Gross sales of assets other than inventory

    securities $17,798,443 · other assets $5,500

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

    securities $17,797,152 · other assets $0

  • 7c · Gain or loss

    securities $1,291 · other assets $5,500

  • 7d · Net gain or loss

    total $6,791 · excluded $6,791

  • 11a · Other revenue: OTHER REVENUE

    total $87,241 · excluded $87,241

  • 11e · Other revenue, total

    $87,241

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,218,343 · program services $4,218,343

  • 5 · Compensation of officers, directors and key employees

    total $1,035,870 · program services $114,943 · management and general $805,844 · fundraising $115,083

  • 7 · Other salaries and wages

    total $12,392,580 · program services $9,149,660 · management and general $2,836,877 · fundraising $406,043

  • 8 · Pension plan contributions

    total $705,452 · program services $491,488 · management and general $192,353 · fundraising $21,611

  • 9 · Other employee benefits

    total $2,078,984 · program services $1,596,514 · management and general $449,284 · fundraising $33,186

  • 10 · Payroll taxes

    total $1,011,066 · program services $743,928 · management and general $234,142 · fundraising $32,996

  • 11b · Fees: legal

    total $85,989 · management and general $85,989

  • 11c · Fees: accounting

    total $65,500 · management and general $65,500

  • 11f · Fees: investment management

    total $44,993 · management and general $44,993

  • 11g · Fees: other

    total $458,470 · management and general $441,001 · fundraising $17,469

  • 12 · Advertising and promotion

    total $114,868 · management and general $62,176 · fundraising $52,692

  • 13 · Office expenses

    total $544,406 · program services $98,412 · management and general $429,040 · fundraising $16,954

  • 16 · Occupancy

    total $2,481,832 · program services $2,160,713 · management and general $270,962 · fundraising $50,157

  • 19 · Conferences, conventions and meetings

    total $60,708 · management and general $54,350 · fundraising $6,358

  • 20 · Interest

    total $398,336 · program services $336,261 · management and general $52,359 · fundraising $9,716

  • 22 · Depreciation, depletion and amortization

    total $2,448,721 · program services $2,131,886 · management and general $267,347 · fundraising $49,488

  • 23 · Insurance

    total $427,199 · management and general $427,199

  • 24a · Other expenses: AUXILLARY SERVICES

    total $1,367,132 · program services $1,367,132

  • 24b · Other expenses: OTHER CURRICULUM

    total $1,105,017 · program services $1,105,017

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $537,553 · program services $537,553

  • 24d · Other expenses: TECHNOLOGY

    total $351,160 · program services $351,160

  • 24e · All other expenses

    total $206,641 · program services $206,641

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,822 · end of year $25,881

  • 2 · Savings and temporary cash investments

    beginning of year $19,575,738 · end of year $9,405,203

  • 3 · Pledges and grants receivable

    beginning of year $278,030 · end of year $29,429

  • 4 · Accounts receivable

    beginning of year $9,661,901 · end of year $10,439,056

  • 9 · Prepaid expenses and deferred charges

    beginning of year $650,321 · end of year $651,545

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

    $56,816,552

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

    $26,177,756

  • 10c · Land, buildings and equipment, net

    beginning of year $31,846,867 · end of year $30,638,796

  • 11 · Investments: publicly traded securities

    beginning of year $12,531,353 · end of year $24,087,832

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,278,646 · end of year $1,316,394

  • 19 · Deferred revenue

    beginning of year $23,722,864 · end of year $24,870,755

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,139,167 · end of year $11,783,776

  • 25 · Other liabilities

    beginning of year $142,968 · end of year $133,187

  • 27 · Net assets without donor restrictions

    beginning of year $31,049,908 · end of year $28,602,145

  • 28 · Net assets with donor restrictions

    beginning of year $6,222,479 · end of year $8,571,485

Mission and programs · 2022

Mission

THE ATHENIAN SCHOOL IS A CO-EDUCATIONAL, INDEPENDENT, NOT-FOR-PROFIT SCHOOL SERVING GRADES 6 THROUGH 12. THE ATHENIAN SCHOOL PREPARES STUDENTS FOR THE RIGOROUS EXPECTATIONS OF COLLEGE AND FOR A LIFE OF PURPOSE AND PERSONAL FULFILLMENT (CONTINUE ON SCHEDULE O)THE SCHOOL OFFERS A CHALLENGING ACADEMIC PROGRAM WITH A DIFFERENCE. INTELLECTUAL INQUIRY IS ACTIVE. LEARNING IS INTERACTIVE.

Activities or mission (Part I)

THE ATHENIAN SCHOOL IS A CO-EDUCATIONAL, INDEPENDENT, NOT-FOR-PROFIT SCHOOL SERVING GRADES 6 THROUGH 12. THE ATHENIAN SCHOOL PREPARES STUDENTS FOR THE RIGOROUS EXPECTATIONS OF COLLEGE AND FOR A LIFE OF PURPOSE AND PERSONAL FULFILLMENT. THE SCHOOL OFFERS A CHALLENGING ACADEMIC PROGRAM WITH A DIFFERENCE. INTELLECTUAL INQUIRY IS ACTIVE. LEARNING IS INTERACTIVE.

  • THE ATHENIAN SCHOOL OPERATES A UNIQUE PRIVATE EDUCATION FOR STUDENTS FROM GRADES 6 THROUGH 8 (MIDDLE SCHOOL) AND GRADES 9 THROUGH 12 (HIGH SCHOOL). THE ATHENIAN SCHOOL CULTIVATES THE PERSONAL QUALITIES OF EACH STUDENT TO BECOME AN INTEGRATED HUMAN BEING WITH INTEGRITY, STRONG MORAL CHARACTER, AESTHETIC SENSITIVITY, AND PHYSICAL WELL BEING. THE ATHENIAN COMMUNITY REQUIRES STUDENTS TO FACE LIFE DIRECTLY THROUGH OPEN COMMUNICATION, WHILE DEVELOPING THEIR INNER STRENGTH TO EXCEED THEIR PERCEIVED POTENTIAL AND EMERGE COMPASSIONATE, RESPONSIBLE ADULTS. THE ATHENIAN SCHOOL INSTILLS AN APPRECATION OF THE RECIPROCAL RELATIONSHIP BETWEEN THE INDIVIDUAL AND CULTURES, SOCIETY AND THE NATURAL WORLD. THE ATHENIAN SCHOOL VALUES THE POWER AND BEAUTY OF MULTICULTURALISM WITHIN OUR DIVERSE COMMUNITY.THE ATHENIAN SCHOOL EMBRACES THE PRINCIPLES OF DEMOCRATIC GOVERANCE, STEWARDSHIP OF THE ENVIRONMENT, RESPECT FOR HUMAN DIGNITY, AND SERVICE AS A WAY OF LIFE BY PROVIDING AN ATMOSPHERE OF INTELLECTUAL, ARTISTIC, AND PHYSICAL CHALLENGE WITHIN THE WARMTH OF A NURTURING COMMUNITY. WE DEVELOP IN OUR STUDENTS THE CONFIDENCE AND SKILLS REQUIRED TO MEET THE COMPLEXITIES OF THEIR FUTURE.IN 2022, THE SCHOOL SERVED 537 STUDENTS.

    Expenses $24,609,651 · Grants $4,218,343 · Revenue $29,366,420

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Nickens

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    15

  • Virginia Girzadas

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Nancy Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jeannine Bell Whittaker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Musadiq Bidar

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    2

  • Alex Bly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Dana Brown

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    2

  • Chaz Giles

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    1

  • Pavan Gill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Geetika Goel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Guy Henshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Hansol Hong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angel Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jill Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Tina Murphy

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    2

  • Matthew Okazaki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Russell Patton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Phil Pena

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    3

  • Leny Riebli

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    2

  • Monica Streifer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kathy Torru

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ruth Winchell-Moyes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Rob Yau

    BOARD MEMBER (AS OF 07/22)

    Total calculated
    $0
    Hours/week
    2

  • Catherie Yewell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Eric Niles

    HEAD OF SCHOOL

    Total calculated
    $598,740
    From this org
    $478,415
    From related orgs
    $0
    Other
    $120,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $472,815
    Bonus
    $0
    Other
    $5,600
    Deferred
    $68,800
    Nontaxable benefits
    $51,525
    Filer's total
    $598,740

  • Keith Powell

    CHIEF OPERATING OFFICER

    Total calculated
    $266,159
    From this org
    $238,835
    From related orgs
    $0
    Other
    $27,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,835
    Bonus
    $0
    Other
    $0
    Deferred
    $14,405
    Nontaxable benefits
    $12,919
    Filer's total
    $266,159

  • Elizabeth McLaughlin

    INTERIM HOS (AS OF 10/22)

    Total calculated
    $204,761
    From this org
    $186,226
    From related orgs
    $0
    Other
    $18,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,893
    Bonus
    $0
    Other
    $58,333
    Deferred
    $5,924
    Nontaxable benefits
    $12,611
    Filer's total
    $204,761

  • Lauren Railey

    INTERIM HOS (THRU 06/22), HOMS

    Total calculated
    $300,074
    From this org
    $252,458
    From related orgs
    $0
    Other
    $47,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,458
    Bonus
    $10,000
    Other
    $0
    Deferred
    $14,547
    Nontaxable benefits
    $33,069
    Filer's total
    $300,074

  • Meadow Davis

    ASSISTANT HEAD AND HEAD OF UPPER SCHOOL

    Total calculated
    $249,049
    From this org
    $170,793
    From related orgs
    $0
    Other
    $78,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,793
    Bonus
    $0
    Other
    $0
    Deferred
    $10,248
    Nontaxable benefits
    $68,008
    Filer's total
    $249,049

  • Erin Fredrick

    DIR OF PHILANTHOPHY

    Total calculated
    $202,244
    From this org
    $168,135
    From related orgs
    $0
    Other
    $34,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,135
    Bonus
    $0
    Other
    $0
    Deferred
    $10,409
    Nontaxable benefits
    $23,700
    Filer's total
    $202,244

  • Amy Rasner

    DIR OF PEOPLE AND CULTURE

    Total calculated
    $183,914
    From this org
    $143,930
    From related orgs
    $0
    Other
    $39,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,930
    Bonus
    $0
    Other
    $0
    Deferred
    $8,564
    Nontaxable benefits
    $31,420
    Filer's total
    $183,914

  • Robert Bardenhagen

    DIR OF EDUCATIONAL TECHNOLOGY

    Total calculated
    $177,196
    From this org
    $153,244
    From related orgs
    $0
    Other
    $23,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,244
    Bonus
    $0
    Other
    $0
    Deferred
    $10,073
    Nontaxable benefits
    $13,879
    Filer's total
    $177,196

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ON-CAMPUS HOUSING IS PROVIDED TO THE HEAD OF SCHOOL AND CERTAIN OTHER CRITICAL SCHOOL STAFF AS A REQUIREMENT OF THE POSITIONS AND IS AN EXPECTATION OF EMPLOYMENT. THE BOARD OF TRUSTEES HAS DETERMINED IT IS NECESSARY FOR THESE INDIVIDUALS TO BE AVAILABLE AT ALL TIMES IN ORDER TO BE RESPONSIVE TO THE ONGOING DEMANDS OF AN ACTIVE AND THRIVING CAMPUS COMMUNITY. SOME OF THESE INDIVIDUALS HAVE OVERSIGHT RESPONSIBILITY OF STUDENTS WHO ARE DOMICILED ON CAMPUS HOUSING FACILITIES. THE AMOUNTS FOR THE HOUSING ALLOWANCE AND RELATED HOUSEKEEPING SERVICES WERE INCLUDED IN NON-TAXABLE BENEFITS.
PART I, LINES 4A-B
ELIZABETH MCLAUGHLIN, INTERIM HEAD OF SCHOOL, RECEIVED SEVERANCE OF $58,333 AND THIS IS INCLUDED IN HER WAGES ON SCHEDULE J, PART II, COLUMN B(III). THE HEAD OF SCHOOL PARTICIPATED IN A SUPPLEMENTAL 457(F) PLAN IN THE AMOUNT OF $30,000 FOR 2022 THAT IS INCLUDED IN HIS DEFERRED COMPENSATION. THIS IS A DISCRETIONARY AWARD APPROVED BY THE BOARD.
PART I, LINE 7
THE ASSISTANT HEAD AND HEAD OF MIDDLE SCHOOL RECEIVED A DISCRETIONARY NON-FIXED BONUS, FOR PERFORMANCE AS INTERIM HEAD OF SCHOOL, IN THE AMOUNT OF $10,000 AND IT IS REFLECTED IN HER TAXABLE INCOME.

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
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202343219349301804

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