Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,946,736

• 1e · Government grants (contributions)

  $2,184,754

• 1f · All other contributions, gifts and grants

  $39,486,839

• 1g · Noncash contributions included above

  $1,538,477

• 2a · Program service revenue: TUITION - SCHOOL CHOICE

  total $24,177,998 · related or exempt $24,177,998

• 2b · Program service revenue: PROGRAM REVENUE

  total $128,946 · related or exempt $128,946

• 2c · Program service revenue: STUDENT FEES

  total $112,350 · related or exempt $112,350

• 3 · Investment income

  total $945,602 · excluded $945,602

• 6a · Gross rents

  real property $16,754

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $16,754

• 6d · Net rental income or loss

  total $16,754 · related or exempt $16,754

• 8a · Fundraising events: gross income

  $108,410

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

  $1,946,736

• 8b · Fundraising events: direct expenses

  $379,756

• 8c · Net income from fundraising events

  total -$271,346 · excluded -$271,346

• 11a · Other revenue: MISCELLANEOUS

  total $105,600 · related or exempt $105,600

• 11e · Other revenue, total

  $105,600

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $21,737,828 · program services $21,737,828

• 5 · Compensation of officers, directors and key employees

  total $1,167,544 · program services $379,892 · management and general $740,919 · fundraising $46,733

• 7 · Other salaries and wages

  total $17,463,838 · program services $13,812,926 · management and general $3,353,026 · fundraising $297,886

• 8 · Pension plan contributions

  total $664,622 · program services $515,147 · management and general $137,940 · fundraising $11,535

• 9 · Other employee benefits

  total $1,702,995 · program services $1,374,335 · management and general $302,207 · fundraising $26,453

• 10 · Payroll taxes

  total $1,408,207 · program services $1,077,413 · management and general $304,819 · fundraising $25,975

• 11b · Fees: legal

  total $105,536 · management and general $105,536

• 11c · Fees: accounting

  total $80,091 · management and general $80,091

• 11g · Fees: other

  total $348,255 · management and general $348,255

• 13 · Office expenses

  total $191,198 · program services $42,757 · management and general $148,441

• 14 · Information technology

  total $336,168 · program services $238,681 · management and general $97,487

• 16 · Occupancy

  total $2,552,824 · program services $1,683,058 · management and general $869,766

• 19 · Conferences, conventions and meetings

  total $15,378 · management and general $15,378

• 20 · Interest

  total $652,833 · program services $435,222 · management and general $217,611

• 22 · Depreciation, depletion and amortization

  total $1,441,937 · program services $961,291 · management and general $480,646

• 23 · Insurance

  total $412,166 · program services $322,165 · management and general $90,001

• 24a · Other expenses: FOOD EXPENSE

  total $1,612,692 · program services $1,612,692

• 24b · Other expenses: EXTRACURRICULAR ACTIVIT

  total $673,459 · program services $673,459

• 24c · Other expenses: CLASSROOM SUPPLIES AND

  total $599,166 · program services $599,166

• 24d · Other expenses: PROGRAM EXPENSES

  total $508,303 · program services $508,303

• 24e · All other expenses

  total $1,422,017 · program services $1,013,156 · management and general $343,859 · fundraising $65,002

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $896,998 · end of year $1,394,471

• 3 · Pledges and grants receivable

  beginning of year $7,738,629 · end of year $8,513,730

• 4 · Accounts receivable

  beginning of year $2,891 · end of year $25,907

• 9 · Prepaid expenses and deferred charges

  beginning of year $330,326 · end of year $505,437

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

  $56,893,131

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

  $9,979,520

• 10c · Land, buildings and equipment, net

  beginning of year $47,995,091 · end of year $46,913,611

• 11 · Investments: publicly traded securities

  beginning of year $17,633,182 · end of year $21,651,696

• 15 · Other assets

  beginning of year $360,035 · end of year $1,023,738

• 17 · Accounts payable and accrued expenses

  beginning of year $1,473,827 · end of year $2,213,740

• 19 · Deferred revenue

  beginning of year $43,363 · end of year $51,899

• 22 · Loans and payables to officers and key people

  beginning of year $24,600,000 · end of year $15,120,000

• 25 · Other liabilities

  beginning of year $238,302 · end of year $159,628

• 27 · Net assets without donor restrictions

  beginning of year $44,123,926 · end of year $45,802,571

• 28 · Net assets with donor restrictions

  beginning of year $4,477,734 · end of year $16,680,752

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION HAS PROVIDED BONUSES BASED ON OUTSTANDING PERFORMANCE IN BOTH INDIVIDUAL PERFORMANCE, AS WELL AS, THE OUTCOMES THE SCHOOL ACHIEVES AS A WHOLE.