Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $8,960,884

• 1g · Noncash contributions included above

  $475,706

• 2a · Program service revenue: TUITION AND FEES

  total $23,822,615 · related or exempt $23,822,615

• 2b · Program service revenue: CAMP INCOME

  total $1,104,726 · related or exempt $1,104,726

• 3 · Investment income

  total $1,981,499 · unrelated business $694,813 · excluded $1,286,686

• 7a · Gross sales of assets other than inventory

  securities $6,820,329

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

  securities $1,845,237

• 7c · Gain or loss

  securities $4,975,092

• 7d · Net gain or loss

  total $4,975,092 · excluded $4,975,092

• 10a · Gross sales of inventory

  $100,057

• 10b · Cost of goods sold

  $72,485

• 10c · Net income from sales of inventory

  total $27,572 · excluded $27,572

• 11a · Other revenue: CROP PROCEEDS - AVOCADOS

  total $434,856 · unrelated business $434,856

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $8,119 · excluded $8,119

• 11e · Other revenue, total

  $442,975

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,046,266 · program services $5,046,266

• 5 · Compensation of officers, directors and key employees

  total $1,019,269 · program services $228,933 · management and general $663,330 · fundraising $127,006

• 7 · Other salaries and wages

  total $12,083,652 · program services $9,361,289 · management and general $2,015,616 · fundraising $706,747

• 8 · Pension plan contributions

  total $1,216,724 · program services $936,078 · management and general $206,673 · fundraising $73,973

• 9 · Other employee benefits

  total $2,628,101 · program services $1,970,175 · management and general $492,544 · fundraising $165,382

• 10 · Payroll taxes

  total $870,892 · program services $642,155 · management and general $173,593 · fundraising $55,144

• 11a · Fees: management

  total $31,486 · management and general $31,486

• 11b · Fees: legal

  total $87,211 · management and general $87,211

• 11c · Fees: accounting

  total $80,942 · management and general $80,942

• 11f · Fees: investment management

  total $492,525 · management and general $492,525

• 11g · Fees: other

  total $189,724 · management and general $189,724

• 13 · Office expenses

  total $36,462 · fundraising $36,462

• 14 · Information technology

  total $4,001 · fundraising $4,001

• 16 · Occupancy

  total $835,439 · program services $624,027 · management and general $164,999 · fundraising $46,413

• 17 · Travel

  total $57,336 · fundraising $57,336

• 19 · Conferences, conventions and meetings

  total $111,602 · fundraising $111,602

• 20 · Interest

  total $355,729 · management and general $355,729

• 22 · Depreciation, depletion and amortization

  total $3,895,637 · program services $2,909,827 · management and general $769,388 · fundraising $216,422

• 23 · Insurance

  total $1,397,048 · program services $1,043,518 · management and general $275,917 · fundraising $77,613

• 24a · Other expenses: FOOD AND HEALTH SERVICE

  total $3,321,966 · program services $2,481,326 · management and general $656,088 · fundraising $184,552

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $2,622,132 · program services $2,622,132

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $1,170,738 · program services $101,573 · management and general $1,020,722 · fundraising $48,443

• 24d · Other expenses: SUMMER CAMPS

  total $664,129 · program services $664,129

• 24e · All other expenses

  total $948,361 · program services $886,216 · management and general $62,145

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $712,693 · end of year $1,456,743

• 2 · Savings and temporary cash investments

  beginning of year $4,133,552 · end of year $6,571,160

• 3 · Pledges and grants receivable

  beginning of year $9,279,947 · end of year $6,511,045

• 4 · Accounts receivable

  beginning of year $466,302 · end of year $476,073

• 8 · Inventories for sale or use

  beginning of year $35,775 · end of year $42,584

• 9 · Prepaid expenses and deferred charges

  beginning of year $852,062 · end of year $1,097,478

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

  $146,058,384

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

  $53,101,384

• 10c · Land, buildings and equipment, net

  beginning of year $87,769,801 · end of year $92,957,000

• 11 · Investments: publicly traded securities

  beginning of year $52,524,187 · end of year $49,277,953

• 12 · Investments: other securities

  beginning of year $76,448,999 · end of year $88,181,100

• 15 · Other assets

  beginning of year $1,919,942 · end of year $1,936,624

• 17 · Accounts payable and accrued expenses

  beginning of year $4,107,810 · end of year $2,967,880

• 19 · Deferred revenue

  beginning of year $5,807,694 · end of year $8,213,397

• 20 · Tax-exempt bond liabilities

  beginning of year $19,497,994 · end of year $21,958,907

• 25 · Other liabilities

  beginning of year $643,851 · end of year $647,307

• 27 · Net assets without donor restrictions

  beginning of year $59,725,489 · end of year $67,411,912

• 28 · Net assets with donor restrictions

  beginning of year $144,360,422 · end of year $147,308,357

The filer's explanations (Part III)

PART I, LINE 1A

CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS AS A CONDITON OF EMPLOYMENT. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS NOT INCLUDED IN NON-TAXABLE BENEFITS. THE INDIVIDUAL LISTED ON PART II, RECEIVED HOUSING: ALEXANDRA LOCKETT, HEAD OF SCHOOL.