Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $866,464

• 1f · All other contributions, gifts and grants

  $3,259,274

• 1g · Noncash contributions included above

  $227,400

• 2a · Program service revenue: TUITION AND FEES

  total $29,298,531 · related or exempt $29,298,531

• 2b · Program service revenue: FORFEITED DEPOSITS

  total $79,831 · related or exempt $79,831

• 2c · Program service revenue: APPLICATION FEES

  total $37,120 · related or exempt $37,120

• 3 · Investment income

  total $2,673,678 · excluded $2,673,678

• 8a · Fundraising events: gross income

  $49,100

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

  $866,464

• 8b · Fundraising events: direct expenses

  $117,135

• 8c · Net income from fundraising events

  total -$68,035 · excluded -$68,035

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,254,162 · program services $4,254,162

• 5 · Compensation of officers, directors and key employees

  total $1,709,188 · program services $741,847 · management and general $855,550 · fundraising $111,791

• 7 · Other salaries and wages

  total $12,903,944 · program services $10,970,533 · management and general $1,423,889 · fundraising $509,522

• 8 · Pension plan contributions

  total $668,852 · program services $579,501 · management and general $59,837 · fundraising $29,514

• 9 · Other employee benefits

  total $1,604,471 · program services $1,242,560 · management and general $285,229 · fundraising $76,682

• 10 · Payroll taxes

  total $1,155,380 · program services $926,034 · management and general $175,374 · fundraising $53,972

• 11b · Fees: legal

  total $26,849 · management and general $26,849

• 11c · Fees: accounting

  total $65,138 · management and general $65,138

• 11f · Fees: investment management

  total $104,985 · management and general $104,985

• 11g · Fees: other

  total $445,742 · program services $143,441 · management and general $217,605 · fundraising $84,696

• 12 · Advertising and promotion

  total $101,945 · program services $88,188 · management and general $8,786 · fundraising $4,971

• 13 · Office expenses

  total $1,984,976 · program services $1,659,082 · management and general $169,125 · fundraising $156,769

• 16 · Occupancy

  total $1,564,449 · program services $1,368,299 · management and general $125,273 · fundraising $70,877

• 17 · Travel

  total $309,577 · program services $305,633 · management and general $1,193 · fundraising $2,751

• 19 · Conferences, conventions and meetings

  total $278,605 · program services $209,980 · management and general $55,716 · fundraising $12,909

• 20 · Interest

  total $656,156 · program services $567,610 · management and general $56,551 · fundraising $31,995

• 22 · Depreciation, depletion and amortization

  total $2,213,743 · program services $1,915,007 · management and general $190,791 · fundraising $107,945

• 24a · Other expenses: STUDENT ACTIVITIES

  total $343,246 · program services $308,109 · management and general $4,750 · fundraising $30,387

• 24b · Other expenses: BUS PASSES

  total $254,039 · program services $254,039

• 24c · Other expenses: DUES

  total $179,398 · program services $130,261 · management and general $47,785 · fundraising $1,352

• 24d · Other expenses: AWARDS, GIFTS, CONTRIB.

  total $55,833 · program services $31,202 · management and general $18,978 · fundraising $5,653

• 24e · All other expenses

  total $117,307 · program services $29,023 · management and general $80,876 · fundraising $7,408

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,977,134 · end of year $3,362,181

• 2 · Savings and temporary cash investments

  beginning of year $26,014,237 · end of year $27,323,164

• 3 · Pledges and grants receivable

  beginning of year $3,652,722 · end of year $3,875,987

• 4 · Accounts receivable

  beginning of year $17,693,167 · end of year $20,532,076

• 9 · Prepaid expenses and deferred charges

  beginning of year $352,245 · end of year $378,476

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

  $97,754,405

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

  $26,728,410

• 10c · Land, buildings and equipment, net

  beginning of year $57,040,051 · end of year $71,025,995

• 11 · Investments: publicly traded securities

  beginning of year $35,702,698 · end of year $39,398,960

• 12 · Investments: other securities

  beginning of year $612,156 · end of year $523,505

• 15 · Other assets

  beginning of year $148,479 · end of year $121,977

• 17 · Accounts payable and accrued expenses

  beginning of year $7,959,433 · end of year $3,749,857

• 19 · Deferred revenue

  beginning of year $24,963,677 · end of year $28,114,148

• 20 · Tax-exempt bond liabilities

  beginning of year $32,443,706 · end of year $48,315,328

• 25 · Other liabilities

  beginning of year $401,655 · end of year $375,154

• 27 · Net assets without donor restrictions

  beginning of year $61,267,182 · end of year $69,576,705

• 28 · Net assets with donor restrictions

  beginning of year $17,157,236 · end of year $16,411,129

The filer's explanations (Part III)

PART I, LINE 1A

RONNIE CODRINGTON CAZEAU, HEAD OF SCHOOL, HAD A DISCRETIONARY SPENDING ACCOUNT FOR SCHOOL RELATED EXPENSES. SHE WAS REIMBURSED FOR THESE EXPENSES UPON PROVIDING RECEIPTS. THESE PAYMENTS WERE NOT TREATED AS TAXABLE COMPENSATION.

PART I, LINE 7

THE BOARD OF DIRECTORS DETERMINED AND APPROVED THE BONUS FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINED AND APPROVED THE BONUSES FOR FACULTY, STAFF, AND ADMINISTRATION.