Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $166,423

• 1f · All other contributions, gifts and grants

  $5,154,962

• 1g · Noncash contributions included above

  $204,018

• 2a · Program service revenue: Tuition and fees

  total $38,303,236 · related or exempt $38,303,236

• 2b · Program service revenue: Food service revenue

  total $1,109,332 · related or exempt $1,109,332

• 2c · Program service revenue: Extended day, other revenue

  total $567,459 · related or exempt $567,459

• 2d · Program service revenue: Summer school tuition

  total $279,652 · related or exempt $279,652

• 3 · Investment income

  total $1,074,064 · excluded $1,074,064

• 7a · Gross sales of assets other than inventory

  securities $24,204,980

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

  securities $23,836,621

• 7c · Gain or loss

  securities $368,359

• 7d · Net gain or loss

  total $368,359 · excluded $368,359

• 8a · Fundraising events: gross income

  $293,248

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

  $166,423

• 8b · Fundraising events: direct expenses

  $208,808

• 8c · Net income from fundraising events

  total $84,440 · excluded $84,440

• 10a · Gross sales of inventory

  $315,830

• 10b · Cost of goods sold

  $246,705

• 10c · Net income from sales of inventory

  total $69,125 · related or exempt $69,125

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,150,716 · program services $2,150,716

• 5 · Compensation of officers, directors and key employees

  total $658,531 · program services $358,780 · management and general $246,824 · fundraising $52,927

• 7 · Other salaries and wages

  total $19,597,645 · program services $17,859,012 · management and general $1,124,920 · fundraising $613,713

• 8 · Pension plan contributions

  total $1,403,151 · program services $1,261,952 · management and general $95,021 · fundraising $46,178

• 9 · Other employee benefits

  total $2,423,541 · program services $2,179,659 · management and general $164,122 · fundraising $79,760

• 10 · Payroll taxes

  total $1,485,845 · program services $1,338,767 · management and general $100,632 · fundraising $46,446

• 11b · Fees: legal

  total $97,384 · management and general $97,384

• 11c · Fees: accounting

  total $55,641 · management and general $55,641

• 11f · Fees: investment management

  total $15,790 · management and general $15,790

• 11g · Fees: other

  total $713,205 · program services $501,899 · management and general $196,682 · fundraising $14,624

• 12 · Advertising and promotion

  total $146,060 · management and general $146,060

• 13 · Office expenses

  total $844,825 · program services $368,946 · management and general $375,228 · fundraising $100,651

• 14 · Information technology

  total $811,051 · program services $661,947 · management and general $108,820 · fundraising $40,284

• 16 · Occupancy

  total $2,468,463 · program services $2,429,436 · management and general $29,950 · fundraising $9,077

• 17 · Travel

  total $247,823 · program services $243,808 · management and general $3,081 · fundraising $934

• 20 · Interest

  total $1,181,896 · program services $1,162,746 · management and general $14,696 · fundraising $4,454

• 22 · Depreciation, depletion and amortization

  total $2,962,037 · program services $2,914,045 · management and general $36,830 · fundraising $11,162

• 23 · Insurance

  total $364,577 · program services $358,670 · management and general $4,533 · fundraising $1,374

• 24a · Other expenses: Food services

  total $1,153,826 · program services $1,153,826

• 24b · Other expenses: Instr. activities

  total $937,931 · program services $937,931

• 24c · Other expenses: Student activities

  total $751,793 · program services $751,793

• 24d · Other expenses: Equipment purchases

  total $303,396 · program services $279,757 · management and general $14,829 · fundraising $8,810

• 24e · All other expenses

  total $935,543 · program services $538,364 · management and general $243,081 · fundraising $154,098

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,976,785 · end of year $1,412,056

• 2 · Savings and temporary cash investments

  beginning of year $5,930,545 · end of year $2,912,104

• 3 · Pledges and grants receivable

  beginning of year $1,033,489 · end of year $4,344,881

• 4 · Accounts receivable

  beginning of year $126,197 · end of year $158,419

• 9 · Prepaid expenses and deferred charges

  beginning of year $96,706 · end of year $148,029

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

  $85,752,021

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

  $39,373,700

• 10c · Land, buildings and equipment, net

  beginning of year $48,619,350 · end of year $46,378,321

• 11 · Investments: publicly traded securities

  beginning of year $50,021,056 · end of year $59,862,616

• 15 · Other assets

  beginning of year $0 · end of year $291,106

• 17 · Accounts payable and accrued expenses

  beginning of year $2,166,000 · end of year $2,043,896

• 19 · Deferred revenue

  beginning of year $22,223,825 · end of year $23,622,804

• 20 · Tax-exempt bond liabilities

  beginning of year $33,119,573 · end of year $32,194,720

• 21 · Escrow or custodial account liability

  beginning of year $1,161,608 · end of year $1,427,671

• 25 · Other liabilities

  beginning of year $745,087 · end of year $655,772

• 27 · Net assets without donor restrictions

  beginning of year $44,214,836 · end of year $45,827,443

• 28 · Net assets with donor restrictions

  beginning of year $5,173,199 · end of year $9,735,226

The filer's explanations (Part III)

Part I, Line 1a

Michael Maher's compensation includes a housing allowance of $9,000 and a car allowance of $4,800. Stephen Popp's compensation includes health club dues of $2,300.

Part I, Line 4b

The 2022 calendar year compensation amounts reported on Part II include a $20,000 contribution to a Section 457(f) plan for the benefit of Michael Maher.