Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $108,000

• 1f · All other contributions, gifts and grants

  $2,273,008

• 1g · Noncash contributions included above

  $53,096

• 2a · Program service revenue: TUITION REVENUE

  total $12,769,672 · related or exempt $12,769,672

• 2b · Program service revenue: ANCILLARY REVENUE

  total $1,270,826 · related or exempt $1,270,826

• 2c · Program service revenue: ATHLETIC SPORT FEES

  total $257,923 · related or exempt $257,923

• 2d · Program service revenue: SPECIAL EVENT REVENUE

  total $91,307 · related or exempt $91,307

• 2e · Program service revenue: ENROLLMENT FEES

  total $73,220 · related or exempt $73,220

• 3 · Investment income

  total $1,038,160 · excluded $1,038,160

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

  other assets $17,460

• 7c · Gain or loss

  other assets -$17,460

• 7d · Net gain or loss

  total -$17,460 · excluded -$17,460

• 8a · Fundraising events: gross income

  $320,028

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

  $108,000

• 8b · Fundraising events: direct expenses

  $212,007

• 8c · Net income from fundraising events

  total $108,021 · excluded $108,021

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $59,443 · related or exempt $59,443

• 11b · Other revenue: CASHBACK INCOME

  total $18,113 · related or exempt $18,113

• 11c · Other revenue: LATE PAYMENT FEE

  total $3,125 · related or exempt $3,125

• 11e · Other revenue, total

  $80,681

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $252,749 · program services $217,398 · management and general $30,417 · fundraising $4,934

• 7 · Other salaries and wages

  total $8,174,818 · program services $7,054,178 · management and general $986,991 · fundraising $133,649

• 8 · Pension plan contributions

  total $93,627 · program services $80,531 · management and general $11,268 · fundraising $1,828

• 9 · Other employee benefits

  total $1,201,014 · program services $1,033,031 · management and general $144,538 · fundraising $23,445

• 10 · Payroll taxes

  total $614,523 · program services $528,571 · management and general $73,956 · fundraising $11,996

• 11g · Fees: other

  total $400,893 · management and general $400,893

• 12 · Advertising and promotion

  total $167,694 · management and general $167,694

• 13 · Office expenses

  total $41,135 · management and general $41,135

• 14 · Information technology

  total $255,807 · program services $203,914 · management and general $51,893

• 16 · Occupancy

  total $1,373,605 · program services $1,291,808 · management and general $81,797

• 22 · Depreciation, depletion and amortization

  total $640,641 · program services $640,641

• 23 · Insurance

  total $105,287 · management and general $105,287

• 24a · Other expenses: SECONDARY ATHLETICS

  total $824,299 · program services $824,299

• 24b · Other expenses: ADMINISTRATIVE EXPENSES

  total $747,349 · program services $747,349

• 24c · Other expenses: CULINARY SERVICES

  total $579,626 · program services $579,626

• 24d · Other expenses: CURRICULUM EXPENSE

  total $286,808 · program services $286,808

• 24e · All other expenses

  total $343,744 · program services $32,799 · management and general $310,945

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $3,237,411

• 4 · Accounts receivable

  end of year $41,136

• 9 · Prepaid expenses and deferred charges

  end of year $682,618

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

  $11,774,835

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

  $5,187,866

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $6,586,969

• 11 · Investments: publicly traded securities

  end of year $5,296,039

• 15 · Other assets

  beginning of year $0 · end of year $1,139,283

• 17 · Accounts payable and accrued expenses

  end of year $499,009

• 19 · Deferred revenue

  end of year $2,858,285

• 23 · Secured mortgages and notes payable

  end of year $1,050,583

• 25 · Other liabilities

  beginning of year $0 · end of year $1,069,962

• 27 · Net assets without donor restrictions

  end of year $10,096,714

• 28 · Net assets with donor restrictions

  end of year $1,408,903

The filer's explanations (Part III)

PART I, LINE 4A

JENNIFER BARTH LEFT AS CFO AND WAS PAID A SEVERANCE OF $20,000.