Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $972,175

• 1f · All other contributions, gifts and grants

  $14,470

• 2a · Program service revenue: SCHOOL DISTRICT SUBSIDIES

  total $8,581,401 · related or exempt $8,581,401

• 2b · Program service revenue: TRANSITION ASSISTANCE PROGRAM

  total $544,000 · related or exempt $544,000

• 2c · Program service revenue: E-RATE

  total $86,490 · related or exempt $86,490

• 2d · Program service revenue: STUDENT ACTIVITIES

  total $16,828 · related or exempt $16,828

• 2e · Program service revenue: REFUND OF PRIOR EXPENDITURES

  total $4,365 · related or exempt $4,365

• 3 · Investment income

  total $171,674 · excluded $171,674

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $2,381 · excluded $2,381

• 11e · Other revenue, total

  $2,381

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $243,326 · program services $162,226 · management and general $81,100

• 7 · Other salaries and wages

  total $4,449,414 · program services $4,092,371 · management and general $357,043

• 8 · Pension plan contributions

  total $144,177 · program services $155,205 · management and general -$11,028

• 9 · Other employee benefits

  total $787,552 · program services $731,029 · management and general $56,523

• 10 · Payroll taxes

  total $345,477 · program services $314,903 · management and general $30,574

• 11a · Fees: management

  total $858,140 · management and general $858,140

• 11b · Fees: legal

  total $18,030 · management and general $18,030

• 11f · Fees: investment management

  total $8,153 · management and general $8,153

• 11g · Fees: other

  total $1,482,536 · program services $1,475,611 · management and general $6,925

• 12 · Advertising and promotion

  total $25,517 · management and general $25,517

• 13 · Office expenses

  total $143,740 · program services $121,745 · management and general $21,995

• 14 · Information technology

  total $375,968 · program services $366,222 · management and general $9,746

• 16 · Occupancy

  total $350,796 · program services $350,796

• 17 · Travel

  total $179,411 · program services $179,395 · management and general $16

• 20 · Interest

  total $3,699 · management and general $3,699

• 22 · Depreciation, depletion and amortization

  total $96,078 · program services $96,078

• 23 · Insurance

  total $48,874 · management and general $48,874

• 24a · Other expenses: SPECIAL EDUCATION

  total $212,674 · program services $212,674

• 24b · Other expenses: BOOKS

  total $69,966 · program services $69,966

• 24c · Other expenses: MEALS & REFRESHMENTS

  total $49,509 · program services $38,420 · management and general $11,089

• 24d · Other expenses: FIELD TRIPS & ADMISSION

  total $39,670 · program services $39,670

• 24e · All other expenses

  total $13,130 · program services $21,591 · management and general -$8,461

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $715,237

• 2 · Savings and temporary cash investments

  beginning of year $2,326,902 · end of year $2,608,412

• 3 · Pledges and grants receivable

  beginning of year $266,036 · end of year $161,628

• 4 · Accounts receivable

  beginning of year $58,829 · end of year $104,611

• 9 · Prepaid expenses and deferred charges

  beginning of year $48,421 · end of year $151,844

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

  $2,152,015

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

  $1,228,884

• 10c · Land, buildings and equipment, net

  beginning of year $423,412 · end of year $923,131

• 11 · Investments: publicly traded securities

  beginning of year $2,314,629 · end of year $2,428,111

• 15 · Other assets

  beginning of year $481,427 · end of year $294,281

• 17 · Accounts payable and accrued expenses

  beginning of year $1,217,902 · end of year $1,206,361

• 19 · Deferred revenue

  end of year $19,000

• 25 · Other liabilities

  beginning of year $2,760,862 · end of year $2,429,178

• 29 · Capital stock, trust principal or current funds

  beginning of year $2,249,536 · end of year $2,099,802

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $406,593 · end of year $917,677

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 7

END OF YEAR COMPENSATION DECISIONS ARE MADE BASED ON MASTERY'S PERFORMANCE EVALUATION FRAMEWORK FOR SCHOOL LEADERS AND HIGHEST COMPENSATED EMPLOYEES.