Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $224,986

• 1f · All other contributions, gifts and grants

  $11,259,222

• 1g · Noncash contributions included above

  $2,629,316

• 2a · Program service revenue: STUDENT SERVICES

  total $26,235,788 · related or exempt $26,235,788

• 3 · Investment income

  total $4,047,164 · excluded $4,047,164

• 7a · Gross sales of assets other than inventory

  securities $49,137,735 · other assets $22,700

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

  securities $41,457,315 · other assets $204,808

• 7c · Gain or loss

  securities $7,680,420 · other assets -$182,108

• 7d · Net gain or loss

  total $7,498,312 · excluded $7,498,312

• 8a · Fundraising events: gross income

  $34,749

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

  $224,986

• 8b · Fundraising events: direct expenses

  $60,739

• 8c · Net income from fundraising events

  total -$25,990 · excluded -$25,990

• 10a · Gross sales of inventory

  $534,469

• 10b · Cost of goods sold

  $356,315

• 10c · Net income from sales of inventory

  total $178,154 · excluded $178,154

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $551,042 · related or exempt $415,637 · unrelated business $135,405

• 11b · Other revenue: PLUG TO RECONCILE

  total -$26,252 · excluded -$26,252

• 11e · Other revenue, total

  $524,790

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,422,790 · program services $5,422,790

• 5 · Compensation of officers, directors and key employees

  total $1,747,388 · program services $645,942 · management and general $764,296 · fundraising $337,150

• 6 · Compensation of disqualified persons

  total $20,300 · management and general $20,300

• 7 · Other salaries and wages

  total $10,405,341 · program services $8,060,195 · management and general $1,681,952 · fundraising $663,194

• 8 · Pension plan contributions

  total $875,211 · program services $655,333 · management and general $139,786 · fundraising $80,092

• 9 · Other employee benefits

  total $2,184,192 · program services $1,886,092 · management and general $211,423 · fundraising $86,677

• 10 · Payroll taxes

  total $846,444 · program services $636,648 · management and general $149,301 · fundraising $60,495

• 11b · Fees: legal

  total $709,768 · management and general $709,768

• 11c · Fees: accounting

  total $57,000 · program services $1,500 · management and general $55,500

• 11e · Fees: professional fundraising services

  total $36,000 · fundraising $36,000

• 11f · Fees: investment management

  total $451,568 · program services $3,000 · management and general $448,568

• 11g · Fees: other

  total $3,864,452 · program services $2,538,951 · management and general $1,224,723 · fundraising $100,778

• 12 · Advertising and promotion

  total $134,524 · program services $70,370 · management and general $41,166 · fundraising $22,988

• 13 · Office expenses

  total $874,716 · program services $642,951 · management and general $144,729 · fundraising $87,036

• 14 · Information technology

  total $1,127,617 · program services $753,130 · management and general $307,890 · fundraising $66,597

• 16 · Occupancy

  total $3,354,590 · program services $3,050,789 · management and general $282,782 · fundraising $21,019

• 17 · Travel

  total $612,308 · program services $538,849 · management and general $1,080 · fundraising $72,379

• 19 · Conferences, conventions and meetings

  total $413,718 · program services $208,957 · management and general $58,376 · fundraising $146,385

• 20 · Interest

  total $1,163,446 · program services $1,102,854 · management and general $60,592

• 22 · Depreciation, depletion and amortization

  total $4,504,855 · program services $4,279,612 · management and general $225,243

• 23 · Insurance

  total $785,069 · program services $105,785 · management and general $679,284

• 24a · Other expenses: FOOD SERVICES

  total $997,003 · program services $997,003

• 24b · Other expenses: PHONE AND MISCELLANEOUS

  total $582,265 · program services $344,066 · management and general $60,950 · fundraising $177,249

• 24e · All other expenses

  total $9,297 · management and general $9,297

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,685,863 · end of year $1,992,961

• 3 · Pledges and grants receivable

  beginning of year $16,092,076 · end of year $14,652,781

• 4 · Accounts receivable

  beginning of year $179,548 · end of year $149,832

• 7 · Other notes and loans receivable

  beginning of year $43,887 · end of year $26,818

• 8 · Inventories for sale or use

  beginning of year $204,509 · end of year $196,374

• 9 · Prepaid expenses and deferred charges

  beginning of year $303,984 · end of year $732,547

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

  $167,241,281

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

  $74,554,513

• 10c · Land, buildings and equipment, net

  beginning of year $78,766,887 · end of year $92,686,768

• 11 · Investments: publicly traded securities

  beginning of year $192,510,061 · end of year $214,982,609

• 12 · Investments: other securities

  beginning of year $15,645,342 · end of year $18,380,223

• 15 · Other assets

  beginning of year $265,656 · end of year $314,139

• 17 · Accounts payable and accrued expenses

  beginning of year $4,879,730 · end of year $7,301,439

• 19 · Deferred revenue

  beginning of year $4,200,985 · end of year $3,740,586

• 20 · Tax-exempt bond liabilities

  beginning of year $54,052,512 · end of year $53,440,627

• 25 · Other liabilities

  beginning of year $122,188 · end of year $130,567

• 27 · Net assets without donor restrictions

  beginning of year $69,669,230 · end of year $81,761,178

• 28 · Net assets with donor restrictions

  beginning of year $177,773,168 · end of year $197,740,655

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION IS A BOARDING HIGH SCHOOL. HOUSING IS PROVIDED TO THE FOLLOWING INDIVIDUALS LISTED ON SCHEDULE J, PART II AS A NON-TAXABLE BENEFIT, INCLUDED IN COLUMN (D), FOR THE CONVENIENCE OF THE ORGANIZATION AS WELL AS A CONDITION OF EMPLOYMENT: ALEXANDRA H. CALLEN, HEAD OF SCHOOL; JEDD WHITLOCK, DIRECTOR OF ADVANCEMENT; KELLY RICHARDS, DIRECTOR OF COLLEGE COUNSELING; RYAN MULHERN, DIRECTOR OF ADMISSIONS; GEORGE STAPLES, DIRECTOR OF OPERATIONS; MERVAN OSBORNE, ASSOCIATE HEAD OF SCHOOL FOR STUDENT LIFE; JUSTIN CERENZIA, DIRECTOR OF TEACHING AND LEARNING, AND ELIZABETH BICKFORD, ASSOCIATE HEAD OF SCHOOL FOR FACULTY AND SCHOOL AFFAIRS. THE HEAD OF SCHOOL RECEIVED A TAX GROSS-UP FOR PERSONAL USE OF AUTO AND FOR CLUB DUES PAID ON HER BEHALF TO ENTERTAIN FOR SCHOOL BUSINESS. BOTH ITEMS AND THE TAX-GROSS UP WERE TREATED AS TAXABLE INCOME AND ARE INCLUDED IN COLUMN (B)(III).

PART I, LINE 7

MR. WHITLOCK, DIRECTOR OF ADVANCEMENT, RECEIVED A $15K PERFORMANCE BONUS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SG HOLDINGS LLC

  FACULTY HOUSING · RI · income $0 · assets $705,445

  Directly controlled by ST GEORGE'S SCHOOL