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Nonprofiteer
← GREATER SCHOOLS

Form 990 for tax year 2022

Filed by GREATER SCHOOLS.

Totals

Total revenue
$26,430,023
Total expenses
$4,445,371
Contributions and grants received
$26,414,942
Grants paid
$0
Program service revenue
$15,081
Investment income
$0
Other revenue
$0
Total assets, end of year
$34,016,711
Total liabilities, end of year
$4,090,308
Net assets or fund balances, end of year
$29,926,403
Program services expenses (Part IX)
$4,171,947
Management and general expenses
$273,424
Fundraising expenses
$0
Program service expenses (Part III)
$4,171,947

Program services were 93.8% 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.

  • 1d · Related organizations

    $26,346,046

  • 1e · Government grants (contributions)

    $32,886

  • 1f · All other contributions, gifts and grants

    $36,010

  • 2a · Program service revenue: School Fees

    total $15,081 · related or exempt $15,081

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $390,000 · program services $157,985 · management and general $232,015

  • 7 · Other salaries and wages

    total $1,106,765 · program services $1,106,765

  • 8 · Pension plan contributions

    total $1,893 · program services $1,609 · management and general $284

  • 9 · Other employee benefits

    total $195,026 · program services $173,272 · management and general $21,754

  • 10 · Payroll taxes

    total $129,139 · program services $109,768 · management and general $19,371

  • 11b · Fees: legal

    total $54,403 · program services $54,403

  • 11c · Fees: accounting

    total $3,600 · program services $3,600

  • 11g · Fees: other

    total $5,088 · program services $5,088

  • 12 · Advertising and promotion

    total $18,434 · program services $18,434

  • 13 · Office expenses

    total $62,325 · program services $62,325

  • 14 · Information technology

    total $76,324 · program services $76,324

  • 16 · Occupancy

    total $268,297 · program services $268,297

  • 17 · Travel

    total $141,109 · program services $141,109

  • 20 · Interest

    total $49,987 · program services $49,987

  • 22 · Depreciation, depletion and amortization

    total $103,511 · program services $103,511

  • 23 · Insurance

    total $47,482 · program services $47,482

  • 24a · Other expenses: School Program Expense

    total $1,142,875 · program services $1,142,875

  • 24b · Other expenses: Repairs & Maintenance

    total $389,479 · program services $389,479

  • 24c · Other expenses: Training

    total $184,603 · program services $184,603

  • 24d · Other expenses: Cleaning

    total $51,833 · program services $51,833

  • 24e · All other expenses

    total $23,198 · program services $23,198

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,595 · end of year $4,306,936

  • 4 · Accounts receivable

    beginning of year $3,426 · end of year $48,302

  • 5 · Loans and receivables from officers and key people

    end of year $20,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $816,770 · end of year $57,792

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

    $1,045,396

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

    $103,511

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $941,885

  • 15 · Other assets

    beginning of year $7,629,132 · end of year $28,641,796

  • 17 · Accounts payable and accrued expenses

    beginning of year $531,172 · end of year $2,355,308

  • 23 · Secured mortgages and notes payable

    end of year $1,735,000

  • 27 · Net assets without donor restrictions

    beginning of year $7,941,751 · end of year $29,926,403

Mission and programs · 2022

Mission

To provide students, from preschool and kindergarten through grade 8, a course of study that meets or exceeds the requirements for school accreditation in the state of Ohio.

  • The Greater Dayton School educates students in PreK through eighth grade. and is Ohio's first private non-religious school exclusively for under-resourced students. The School uses a national model conceived and realized in the heart of Dayton. A model that shows what underserved kids are capable of accomplishing not just as students, but throughout their lives when they have access to all the resources they need to succeed.

    Expenses $4,171,947 · Revenue $15,081

As filed on the 2022 return.

Listed in Part VII

  • Lawrence Connor

    Director and President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ryan Ernst

    Director, VP, Secretary

    Total calculated
    $214,468
    From this org
    $0
    From related orgs
    $182,022
    Other
    $32,446
    Hours/week
    12 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,022 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,446 related
    Nontaxable benefits
    $0 + $16,000 related
    Filer's total
    $0 + $214,468 related

  • Mike McQuiston

    Director

    Total calculated
    $20,371
    From this org
    $0
    From related orgs
    $19,371
    Other
    $1,000
    Hours/week
    1 + 20 related

  • Adam Stich

    Founding Principal

    Total calculated
    $225,000
    From this org
    $190,000
    From related orgs
    $0
    Other
    $35,000
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $30,000
    Filer's total
    $225,000

  • Sarah Sealock

    Director of Operations

    Total calculated
    $175,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $25,000
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $5,000
    Nontaxable benefits
    $20,000
    Filer's total
    $175,000

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

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • GDS Property Holdings LLC

    Property holding LLC · OH · income $28,028,053 · assets $25,134,974

    Directly controlled by Greater Dayton School

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202430889349300513

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