Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $594,459

• 1d · Related organizations

  $4,190,921

• 1f · All other contributions, gifts and grants

  $27,140,223

• 1g · Noncash contributions included above

  $781,860

• 2a · Program service revenue: Student tuition

  total $45,249,255 · related or exempt $45,249,255

• 2b · Program service revenue: Auxiliary service fees

  total $2,555,083 · related or exempt $2,555,083

• 2c · Program service revenue: Summer school, other fees

  total $194,437 · related or exempt $194,437

• 3 · Investment income

  total $1,561,781 · excluded $1,561,781

• 8a · Fundraising events: gross income

  $341,406

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

  $594,459

• 8b · Fundraising events: direct expenses

  $365,897

• 8c · Net income from fundraising events

  total -$24,491 · excluded -$24,491

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,341,758 · program services $4,341,758

• 5 · Compensation of officers, directors and key employees

  total $4,089,942 · program services $1,951,366 · management and general $1,514,825 · fundraising $623,751

• 7 · Other salaries and wages

  total $25,068,031 · program services $22,299,055 · management and general $1,906,979 · fundraising $861,997

• 8 · Pension plan contributions

  total $1,349,758 · program services $1,125,722 · management and general $160,507 · fundraising $63,529

• 9 · Other employee benefits

  total $3,318,749 · program services $2,933,789 · management and general $292,129 · fundraising $92,831

• 10 · Payroll taxes

  total $2,075,917 · program services $1,771,812 · management and general $222,680 · fundraising $81,425

• 11b · Fees: legal

  total $79,055 · management and general $79,055

• 11c · Fees: accounting

  total $75,619 · management and general $75,619

• 11e · Fees: professional fundraising services

  total $70,754 · fundraising $70,754

• 11g · Fees: other

  total $1,121,119 · program services $226,377 · management and general $519,437 · fundraising $375,305

• 13 · Office expenses

  total $575,480 · program services $211,471 · management and general $174,766 · fundraising $189,243

• 14 · Information technology

  total $1,519,409 · program services $1,230,005 · management and general $185,637 · fundraising $103,767

• 16 · Occupancy

  total $2,527,273 · program services $2,452,841 · management and general $50,454 · fundraising $23,978

• 17 · Travel

  total $52,957 · program services $52,957

• 19 · Conferences, conventions and meetings

  total $278,486 · program services $263,864 · management and general $8,710 · fundraising $5,912

• 20 · Interest

  total $412,905 · management and general $412,905

• 22 · Depreciation, depletion and amortization

  total $6,456,544 · program services $6,259,738 · management and general $130,337 · fundraising $66,469

• 23 · Insurance

  total $605,629 · program services $587,792 · management and general $12,091 · fundraising $5,746

• 24a · Other expenses: Educational materials

  total $4,981,961 · program services $4,981,961

• 24b · Other expenses: Dining center services

  total $2,164,340 · program services $2,114,939 · management and general $35,604 · fundraising $13,797

• 24c · Other expenses: Security

  total $283,579 · program services $275,227 · management and general $5,661 · fundraising $2,691

• 24d · Other expenses: Event expenses

  total $101,398 · fundraising $101,398

• 24e · All other expenses

  total $192,747 · program services $74,086 · management and general $108,684 · fundraising $9,977

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,432,545 · end of year $3,650,107

• 2 · Savings and temporary cash investments

  beginning of year $56,268,673 · end of year $52,239,852

• 3 · Pledges and grants receivable

  beginning of year $38,597,967 · end of year $39,369,491

• 4 · Accounts receivable

  beginning of year $95,118 · end of year $156,192

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,221,845 · end of year $1,739,657

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

  $191,967,395

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

  $76,534,493

• 10c · Land, buildings and equipment, net

  beginning of year $79,895,197 · end of year $115,432,902

• 15 · Other assets

  beginning of year $4,076,651 · end of year $3,800,919

• 17 · Accounts payable and accrued expenses

  beginning of year $1,303,763 · end of year $12,972,516

• 19 · Deferred revenue

  beginning of year $29,840,889 · end of year $31,589,304

• 21 · Escrow or custodial account liability

  beginning of year $1,180,456 · end of year $1,061,471

• 25 · Other liabilities

  beginning of year $5,102,475 · end of year $4,887,158

• 27 · Net assets without donor restrictions

  beginning of year $75,675,007 · end of year $70,854,125

• 28 · Net assets with donor restrictions

  beginning of year $70,485,406 · end of year $95,024,546

The filer's explanations (Part III)

Part I, Line 1a

The following benefits listed on Line 1a were provided during calendar year 2022 to Jonathan Eades, Head of School: - Life insurance/LT disability: $1,279 (included in W-2) - Tuition gross-up: $125,644 (included in W-2) - Auto allowance: $10,196 (included in W-2) - Personal services (housekeeper): $16,640 (included in W-2) - Housing allowance: $183,430 (not included in W-2; provided for the convenience of the employer) The following benefits listed on Line 1a were provided during calendar year 2022 to Matthew Rush, Assistant Head of School: - Life insurance/LT disability: $366 (included in W-2) - Tuition Gross-up: $32,004 (included in W-2)

Part I, Line 1b

All items noted in this section are provided pursuant to the Head of School's employment contract.

Part I, Line 7

Jonathan Eades, Head of School, received a performance-based bonus in the amount of $150,000 during calendar year 2022. This bonus was approved by the Board of Trustees.