Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $32,417

• 1e · Government grants (contributions)

  $18,300

• 1f · All other contributions, gifts and grants

  $5,926,451

• 1g · Noncash contributions included above

  $245,707

• 2a · Program service revenue: TUITION INCOME

  total $33,796,860 · related or exempt $33,796,860

• 2b · Program service revenue: RIVERS SCHOOL CONSERVATORY

  total $3,499,615 · related or exempt $3,499,615

• 2c · Program service revenue: SUMMER CAMPS

  total $607,143 · related or exempt $607,143

• 2d · Program service revenue: SCHOOL ACTIVITIES

  total $604,070 · related or exempt $604,070

• 3 · Investment income

  total $711,798 · excluded $711,798

• 6a · Gross rents

  real property $101,682

• 6b · Less rental expenses

  real property $113,650

• 6c · Rental income or loss

  real property -$11,968

• 6d · Net rental income or loss

  total -$11,968 · excluded -$11,968

• 7a · Gross sales of assets other than inventory

  securities $16,269,270 · other assets $15,931

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

  securities $16,097,219 · other assets $0

• 7c · Gain or loss

  securities $172,051 · other assets $15,931

• 7d · Net gain or loss

  total $187,982 · related or exempt $15,931 · excluded $172,051

• 8a · Fundraising events: gross income

  $41,540

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

  $32,417

• 8b · Fundraising events: direct expenses

  $65,247

• 8c · Net income from fundraising events

  total -$23,707 · excluded -$23,707

• 9a · Gaming: gross income

  $5,455

• 9b · Gaming: direct expenses

  $877

• 9c · Net income from gaming

  total $4,578 · excluded $4,578

• 10a · Gross sales of inventory

  $121,470

• 10b · Cost of goods sold

  $139,174

• 10c · Net income from sales of inventory

  total -$17,704 · related or exempt -$17,704

• 11a · Other revenue: ATHLETIC FACILITY RENTS

  total $332,958 · unrelated business $332,958

• 11b · Other revenue: MISC. INCOME

  total $154,716 · related or exempt $154,716

• 11c · Other revenue: NEXTEL RENTAL

  total $44,424 · related or exempt $44,424

• 11e · Other revenue, total

  $532,098

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,458,044 · program services $7,458,044

• 5 · Compensation of officers, directors and key employees

  total $1,380,060 · program services $70,807 · management and general $992,910 · fundraising $316,343

• 7 · Other salaries and wages

  total $18,934,376 · program services $15,315,677 · management and general $2,551,837 · fundraising $1,066,862

• 8 · Pension plan contributions

  total $1,332,785 · program services $1,056,137 · management and general $194,673 · fundraising $81,975

• 9 · Other employee benefits

  total $2,157,716 · program services $1,658,985 · management and general $340,641 · fundraising $158,090

• 10 · Payroll taxes

  total $1,437,857 · program services $1,085,250 · management and general $257,204 · fundraising $95,403

• 11b · Fees: legal

  total $40,870 · management and general $40,870

• 11c · Fees: accounting

  total $73,150 · management and general $73,150

• 11e · Fees: professional fundraising services

  total $32,350 · fundraising $32,350

• 11f · Fees: investment management

  total $35,781 · management and general $35,781

• 11g · Fees: other

  total $31,444 · management and general $31,444

• 12 · Advertising and promotion

  total $17,382 · program services $25 · management and general $17,347 · fundraising $10

• 14 · Information technology

  total $365,268 · program services $273,951 · management and general $73,054 · fundraising $18,263

• 16 · Occupancy

  total $959,010 · program services $681,915 · management and general $253,847 · fundraising $23,248

• 20 · Interest

  total $358,817 · program services $358,817

• 22 · Depreciation, depletion and amortization

  total $3,843,022 · program services $3,378,437 · management and general $427,019 · fundraising $37,566

• 23 · Insurance

  total $369,552 · program services $265,977 · management and general $94,885 · fundraising $8,690

• 24a · Other expenses: LUNCH PROGRAM

  total $1,231,120 · program services $1,046,452 · management and general $123,112 · fundraising $61,556

• 24b · Other expenses: UTILITIES

  total $890,078 · program services $700,969 · management and general $173,243 · fundraising $15,866

• 24c · Other expenses: INSTRUCTION MATERIALS

  total $631,937 · program services $631,937

• 24d · Other expenses: OTHER SCHOOL ACTIVITIES

  total $532,220 · program services $532,220

• 24e · All other expenses

  total $3,250,021 · program services $1,892,259 · management and general $829,357 · fundraising $528,405

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,536,430 · end of year $11,176,452

• 2 · Savings and temporary cash investments

  beginning of year $331,024 · end of year $224,321

• 3 · Pledges and grants receivable

  beginning of year $1,099,963 · end of year $1,240,688

• 4 · Accounts receivable

  beginning of year $170,054 · end of year $154,336

• 8 · Inventories for sale or use

  beginning of year $51,953 · end of year $41,630

• 9 · Prepaid expenses and deferred charges

  beginning of year $671,086 · end of year $704,215

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

  $101,265,370

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

  $50,178,903

• 10c · Land, buildings and equipment, net

  beginning of year $54,049,729 · end of year $51,086,467

• 11 · Investments: publicly traded securities

  beginning of year $2,495,205 · end of year $1,549,566

• 12 · Investments: other securities

  beginning of year $46,199,547 · end of year $61,276,084

• 15 · Other assets

  beginning of year $688,227 · end of year $752,946

• 17 · Accounts payable and accrued expenses

  beginning of year $2,279,980 · end of year $2,340,762

• 19 · Deferred revenue

  beginning of year $12,405,052 · end of year $12,914,641

• 23 · Secured mortgages and notes payable

  beginning of year $13,614,147 · end of year $13,271,970

• 25 · Other liabilities

  beginning of year $412,635 · end of year $508,777

• 27 · Net assets without donor restrictions

  beginning of year $68,757,395 · end of year $70,633,897

• 28 · Net assets with donor restrictions

  beginning of year $24,824,009 · end of year $28,536,658

The filer's explanations (Part III)

PART I, LINE 4A

EDWARD V. PARSONS $233,333

SCHEDULE J, PART I LINE 1A-HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE:

AS PART OF HIS DUTIES AS HEAD OF SCHOOL, RYAN DAHLEM IS REQUIRED TO STAY ON CAMPUS IN A SCHOOL OWNED HOUSE. INCLUDED IN MR. DAHLEM'S SCHEDULE J PART II COLUMN (D) NONTAXABLE BENEFITS IS AN AMOUNT FOR 5% OF THE VALUE OF THE HOUSE.