Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,126,709

• 1f · All other contributions, gifts and grants

  $2,757,750

• 1g · Noncash contributions included above

  $136,432

• 2a · Program service revenue: SCHOOL TUITION

  total $24,535,638 · related or exempt $24,535,638

• 2b · Program service revenue: AUXILIARY SERVICES

  total $829,191 · related or exempt $829,191

• 3 · Investment income

  total $343,757 · excluded $343,757

• 6a · Gross rents

  real property $477,652

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $477,652

• 6d · Net rental income or loss

  total $477,652 · excluded $477,652

• 7a · Gross sales of assets other than inventory

  securities $3,019,285 · other assets $47,525

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

  securities $2,875,745 · other assets $35,544

• 7c · Gain or loss

  securities $143,540 · other assets $11,981

• 7d · Net gain or loss

  total $155,521 · excluded $155,521

• 8a · Fundraising events: gross income

  $101,660

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

  $1,126,709

• 8b · Fundraising events: direct expenses

  $406,803

• 8c · Net income from fundraising events

  total -$305,143 · excluded -$305,143

• 10a · Gross sales of inventory

  $85,015

• 10b · Cost of goods sold

  $88,684

• 10c · Net income from sales of inventory

  total -$3,669 · related or exempt -$3,669

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,412,700 · program services $5,412,700

• 5 · Compensation of officers, directors and key employees

  total $1,541,627 · program services $266,302 · management and general $923,844 · fundraising $351,481

• 7 · Other salaries and wages

  total $10,326,454 · program services $9,325,507 · management and general $557,032 · fundraising $443,915

• 8 · Pension plan contributions

  total $318,692 · program services $303,835 · management and general $465 · fundraising $14,392

• 9 · Other employee benefits

  total $1,608,354 · program services $1,449,156 · management and general $71,385 · fundraising $87,813

• 10 · Payroll taxes

  total $853,043 · program services $696,097 · management and general $101,095 · fundraising $55,851

• 11b · Fees: legal

  total $47,810 · management and general $47,810

• 11c · Fees: accounting

  total $91,768 · management and general $91,768

• 11g · Fees: other

  total $462,498 · program services $124,591 · management and general $223,379 · fundraising $114,528

• 12 · Advertising and promotion

  total $120,134 · management and general $60,067 · fundraising $60,067

• 13 · Office expenses

  total $529,590 · program services $487,214 · management and general $32,153 · fundraising $10,223

• 14 · Information technology

  total $164,705 · program services $100,640 · management and general $30,185 · fundraising $33,880

• 16 · Occupancy

  total $1,931,332 · program services $1,857,932 · management and general $71,729 · fundraising $1,671

• 17 · Travel

  total $91,023 · program services $48,796 · management and general $23,236 · fundraising $18,991

• 20 · Interest

  total $620,151 · program services $619,619 · management and general $144 · fundraising $388

• 22 · Depreciation, depletion and amortization

  total $1,734,108 · program services $1,476,401 · management and general $242,809 · fundraising $14,898

• 23 · Insurance

  total $1,106,136 · program services $1,105,186 · management and general $257 · fundraising $693

• 24a · Other expenses: FOOD AND SUPPLIES

  total $942,626 · program services $876,078 · management and general $44,048 · fundraising $22,500

• 24b · Other expenses: FIELD TRIPS

  total $704,556 · program services $704,556

• 24c · Other expenses: SCHOOL BUS TRANSPORTATI

  total $569,686 · program services $569,686

• 24d · Other expenses: SPORTS EQUIPMENT/UNIFOR

  total $168,681 · program services $167,238 · management and general $1,102 · fundraising $341

• 24e · All other expenses

  total $615,866 · program services $355,426 · management and general $175,943 · fundraising $84,497

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,742,473 · end of year $7,614,226

• 2 · Savings and temporary cash investments

  beginning of year $677,619 · end of year $778,696

• 3 · Pledges and grants receivable

  beginning of year $575,132 · end of year $421,410

• 4 · Accounts receivable

  beginning of year $11,932,919 · end of year $13,677,437

• 8 · Inventories for sale or use

  beginning of year $131,269 · end of year $108,454

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,088,285 · end of year $1,138,512

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

  $61,917,663

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

  $17,337,686

• 10c · Land, buildings and equipment, net

  beginning of year $45,103,736 · end of year $44,579,977

• 11 · Investments: publicly traded securities

  beginning of year $1,258,486 · end of year $1,333,319

• 15 · Other assets

  beginning of year $104,749 · end of year $60,914

• 17 · Accounts payable and accrued expenses

  beginning of year $2,099,135 · end of year $2,626,937

• 19 · Deferred revenue

  beginning of year $16,667,825 · end of year $17,974,600

• 20 · Tax-exempt bond liabilities

  beginning of year $20,293,486 · end of year $19,851,695

• 25 · Other liabilities

  beginning of year $89,478 · end of year $45,043

• 27 · Net assets without donor restrictions

  beginning of year $26,972,673 · end of year $26,697,486

• 28 · Net assets with donor restrictions

  beginning of year $2,492,071 · end of year $2,517,184

The filer's explanations (Part III)

PART I, LINE 7

THE DIRECTOR OF ADVANCEMENT RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $15,000. THE BONUS WAS APPROVED BY THE BOARD BASED ON PERFORMANCE AND GOALS SET BY THE ORGANIZATION.