Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $862,485

• 1f · All other contributions, gifts and grants

  $12,295,410

• 1g · Noncash contributions included above

  $1,412,510

• 2a · Program service revenue: TUITION AND FEES

  total $43,680,639 · related or exempt $43,680,639

• 2b · Program service revenue: CAFETERIA

  total $2,013,092 · related or exempt $2,013,092

• 2c · Program service revenue: SUMMER PROGRAMS

  total $2,005,555 · related or exempt $2,005,555

• 2d · Program service revenue: EXTENDED DAY

  total $939,971 · related or exempt $939,971

• 2e · Program service revenue: CHILD DEVELOPMENT CENT

  total $394,054 · related or exempt $394,054

• 2f · All other program service revenue

  total $544,488 · related or exempt $408,784 · unrelated business $135,704

• 3 · Investment income

  total $1,355,522 · unrelated business $11,878 · excluded $1,343,644

• 5 · Royalties

  total $137,434 · excluded $137,434

• 6a · Gross rents

  real property $575,989

• 6b · Less rental expenses

  real property $28,392

• 6c · Rental income or loss

  real property $547,597

• 6d · Net rental income or loss

  total $547,597 · excluded $547,597

• 7a · Gross sales of assets other than inventory

  securities $34,852,509

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

  securities $34,856,654

• 7c · Gain or loss

  securities -$4,145

• 7d · Net gain or loss

  total -$4,145 · excluded -$4,145

• 8a · Fundraising events: gross income

  $124,439

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

  $862,485

• 8b · Fundraising events: direct expenses

  $685,230

• 8c · Net income from fundraising events

  total -$560,791 · excluded -$560,791

• 9a · Gaming: gross income

  $23,550

• 9b · Gaming: direct expenses

  $10,000

• 9c · Net income from gaming

  total $13,550 · excluded $13,550

• 10a · Gross sales of inventory

  $293,404

• 10b · Cost of goods sold

  $176,129

• 10c · Net income from sales of inventory

  total $117,275 · excluded $117,275

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,988,299 · program services $4,988,299

• 5 · Compensation of officers, directors and key employees

  total $1,171,934 · program services $969,760 · management and general $144,220 · fundraising $57,954

• 6 · Compensation of disqualified persons

  total $14,229 · program services $14,229

• 7 · Other salaries and wages

  total $22,871,971 · program services $19,000,100 · management and general $2,932,350 · fundraising $939,521

• 8 · Pension plan contributions

  total $1,156,836 · program services $941,041 · management and general $179,554 · fundraising $36,241

• 9 · Other employee benefits

  total $4,967,657 · program services $4,077,364 · management and general $689,068 · fundraising $201,225

• 10 · Payroll taxes

  total $1,674,740 · program services $1,350,932 · management and general $277,265 · fundraising $46,543

• 11b · Fees: legal

  total $15,450 · management and general $15,450

• 11c · Fees: accounting

  total $67,890 · management and general $67,890

• 11f · Fees: investment management

  total $325,933 · management and general $325,933

• 11g · Fees: other

  total $6,186,908 · program services $5,207,482 · management and general $404,635 · fundraising $574,791

• 12 · Advertising and promotion

  total $403,467 · management and general $403,467

• 13 · Office expenses

  total $1,479,652 · program services $1,294,585 · management and general $158,514 · fundraising $26,553

• 14 · Information technology

  total $1,056,385 · program services $854,305 · management and general $173,255 · fundraising $28,825

• 16 · Occupancy

  total $959,788 · program services $918,516 · management and general $36,473 · fundraising $4,799

• 17 · Travel

  total $1,001,932 · program services $750,898 · management and general $60,051 · fundraising $190,983

• 19 · Conferences, conventions and meetings

  total $244,008 · program services $231,332 · management and general $9,956 · fundraising $2,720

• 22 · Depreciation, depletion and amortization

  total $3,600,056 · program services $3,445,254 · management and general $136,802 · fundraising $18,000

• 23 · Insurance

  total $625,290 · program services $505,235 · management and general $102,547 · fundraising $17,508

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $1,432,687 · program services $1,322,108 · management and general $97,721 · fundraising $12,858

• 24b · Other expenses: STUDENT ACTIVITIES

  total $314,719 · program services $314,719

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $140,635 · program services $49,977 · management and general $45,279 · fundraising $45,379

• 24d · Other expenses: PARENT ASSOCIATION EXPE

  total $97,612 · program services $34,688 · management and general $31,428 · fundraising $31,496

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,566,867 · end of year $12,591,846

• 2 · Savings and temporary cash investments

  beginning of year $26,275,227 · end of year $1,947,115

• 3 · Pledges and grants receivable

  beginning of year $13,741,805 · end of year $13,775,740

• 4 · Accounts receivable

  beginning of year $186,701 · end of year $185,991

• 8 · Inventories for sale or use

  beginning of year $176,209 · end of year $227,161

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,675,779 · end of year $2,145,610

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

  $147,844,608

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

  $70,195,384

• 10c · Land, buildings and equipment, net

  beginning of year $56,294,493 · end of year $77,649,224

• 11 · Investments: publicly traded securities

  beginning of year $4,855,336 · end of year $25,088,317

• 12 · Investments: other securities

  beginning of year $46,719,636 · end of year $44,265,823

• 15 · Other assets

  beginning of year $36,614,515 · end of year $38,332,802

• 17 · Accounts payable and accrued expenses

  beginning of year $3,278,246 · end of year $8,470,804

• 19 · Deferred revenue

  beginning of year $9,886,518 · end of year $12,289,224

• 25 · Other liabilities

  beginning of year $36,586,318 · end of year $38,324,422

• 27 · Net assets without donor restrictions

  beginning of year $107,185,036 · end of year $109,674,243

• 28 · Net assets with donor restrictions

  beginning of year $39,170,450 · end of year $47,450,936

The filer's explanations (Part III)

PART I, LINE 4B

THE ORGANIZATION'S HEAD OF SCHOOL LEE HARK AND CFO/COO/ASSISTANT HEAD OF SCHOOL KENDRA GRACE PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. DURING THE 2022 CALENDAR YEAR, THE SCHOOL CONTRIBUTED $89,903 AND $14,128 TO LEE HARK AND KENDRA GRACE'S PLANS, RESPECTIVELY.

PART I, LINE 7

THE DISCRETIONARY ANNUAL BONUS IS DETERMINED BY THE COMPENSATION COMMITTEE.