Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $167,809

• 1f · All other contributions, gifts and grants

  $3,027,766

• 1g · Noncash contributions included above

  $161,791

• 2a · Program service revenue: Student Tuition

  total $41,908,165 · related or exempt $41,908,165

• 2b · Program service revenue: Food Service

  total $2,263,472 · related or exempt $2,263,472

• 2c · Program service revenue: Bus Service

  total $2,050,540 · related or exempt $2,050,540

• 2d · Program service revenue: Summer Programs

  total $891,830 · related or exempt $891,830

• 2e · Program service revenue: Ice Arena

  total $528,561 · related or exempt $528,561

• 2f · All other program service revenue

  total $2,582,580 · related or exempt $2,582,580

• 3 · Investment income

  total $1,976,530 · unrelated business -$4,697 · excluded $1,981,227

• 7a · Gross sales of assets other than inventory

  securities $8,647,710 · other assets $28,427

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

  securities $8,637,261 · other assets $9,066

• 7c · Gain or loss

  securities $10,449 · other assets $19,361

• 7d · Net gain or loss

  total $29,810 · excluded $29,810

• 8a · Fundraising events: gross income

  $473,261

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

  $167,809

• 8b · Fundraising events: direct expenses

  $178,216

• 8c · Net income from fundraising events

  total $295,045 · excluded $295,045

• 10a · Gross sales of inventory

  $402,982

• 10b · Cost of goods sold

  $284,236

• 10c · Net income from sales of inventory

  total $118,746 · excluded $118,746

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $8,661,366 · program services $8,661,366

• 3 · Grants to foreign organizations and individuals

  total $102,154 · program services $102,154

• 5 · Compensation of officers, directors and key employees

  total $2,300,340 · program services $756,841 · management and general $1,543,499

• 7 · Other salaries and wages

  total $22,814,275 · program services $20,496,221 · management and general $1,672,087 · fundraising $645,967

• 8 · Pension plan contributions

  total $1,693,542 · program services $1,662,597 · management and general $2,047 · fundraising $28,898

• 9 · Other employee benefits

  total $3,885,515 · program services $2,797,407 · management and general $886,817 · fundraising $201,291

• 10 · Payroll taxes

  total $1,800,595 · program services $1,640,353 · management and general $132,599 · fundraising $27,643

• 11b · Fees: legal

  total $100,651 · management and general $100,651

• 11c · Fees: accounting

  total $59,670 · management and general $59,670

• 11f · Fees: investment management

  total $392,609 · management and general $392,609

• 11g · Fees: other

  total $2,943,382 · program services $2,494,620 · management and general $367,245 · fundraising $81,517

• 12 · Advertising and promotion

  total $194,273 · program services $16,284 · management and general $177,612 · fundraising $377

• 13 · Office expenses

  total $728,566 · program services $541,078 · management and general $156,651 · fundraising $30,837

• 14 · Information technology

  total $447,661 · program services $149,662 · management and general $253,317 · fundraising $44,682

• 16 · Occupancy

  total $1,487,863 · program services $1,226,596 · management and general $240,077 · fundraising $21,190

• 17 · Travel

  total $369,321 · program services $353,887 · management and general $10,404 · fundraising $5,030

• 19 · Conferences, conventions and meetings

  total $480,006 · program services $394,244 · management and general $76,533 · fundraising $9,229

• 20 · Interest

  total $336,528 · program services $315,100 · management and general $19,690 · fundraising $1,738

• 22 · Depreciation, depletion and amortization

  total $3,467,614 · program services $3,261,712 · management and general $186,705 · fundraising $19,197

• 23 · Insurance

  total $646,876 · program services $126,917 · management and general $519,959

• 24a · Other expenses: Student activity expens

  total $1,183,311 · program services $1,183,311

• 24b · Other expenses: Athletic expenses

  total $613,942 · program services $613,942

• 24c · Other expenses: Classroom expenses

  total $448,979 · program services $448,979

• 24d · Other expenses: Tax Payments

  total $52,051 · management and general $52,051

• 24e · All other expenses

  total $824,773 · program services $291,275 · management and general $446,932 · fundraising $86,566

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $24,284,529 · end of year $25,249,011

• 2 · Savings and temporary cash investments

  beginning of year $2,716,482 · end of year $2,857,315

• 3 · Pledges and grants receivable

  beginning of year $1,439,782 · end of year $1,006,727

• 4 · Accounts receivable

  beginning of year $7,408,556 · end of year $8,117,864

• 7 · Other notes and loans receivable

  beginning of year $119,915 · end of year $70,200

• 8 · Inventories for sale or use

  beginning of year $133,966 · end of year $117,129

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,322,445 · end of year $3,528,623

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

  $96,159,263

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

  $47,220,398

• 10c · Land, buildings and equipment, net

  beginning of year $47,201,580 · end of year $48,938,865

• 12 · Investments: other securities

  beginning of year $67,972,745 · end of year $71,245,426

• 15 · Other assets

  beginning of year $238,556 · end of year $254,293

• 17 · Accounts payable and accrued expenses

  beginning of year $3,095,972 · end of year $2,956,085

• 19 · Deferred revenue

  beginning of year $22,404,293 · end of year $24,623,656

• 20 · Tax-exempt bond liabilities

  beginning of year $7,081,586 · end of year $6,456,586

• 23 · Secured mortgages and notes payable

  beginning of year $499,520 · end of year $91,400

• 25 · Other liabilities

  beginning of year $1,547,766 · end of year $1,745,585

• 27 · Net assets without donor restrictions

  beginning of year $53,998,895 · end of year $56,941,793

• 28 · Net assets with donor restrictions

  beginning of year $66,210,524 · end of year $68,570,348

The filer's explanations (Part III)

Part I, Line 4b

Natalia Hernandez participates in a 457(f) supplemental nonqualified retirement plan. During the fiscal year ending June 30, 2024, a payment of $31,350 was made. The payment did not become vested until tax year 2024 and is currently included in Schedule J Part II Column (C).

Part I, Line 7

Bonuses and other forms of variable compensation are paid to individuals based on job performance of assigned duties.