Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $428,000

• 1f · All other contributions, gifts and grants

  $10,868,940

• 1g · Noncash contributions included above

  $1,709,609

• 2a · Program service revenue: TUITION & FEES

  total $35,603,549 · related or exempt $35,603,549

• 2b · Program service revenue: AUXILIARY INCOME

  total $1,440,101 · related or exempt $1,440,101

• 2c · Program service revenue: OTHER PROGRAM INCOME

  total $669,373 · related or exempt $669,373

• 3 · Investment income

  total $1,803,317 · excluded $1,803,317

• 6a · Gross rents

  real property $40,505

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $40,505

• 6d · Net rental income or loss

  total $40,505 · excluded $40,505

• 7a · Gross sales of assets other than inventory

  securities $7,399,389 · other assets $10,601

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

  securities $7,558,658 · other assets $45,742

• 7c · Gain or loss

  securities -$159,269 · other assets -$35,141

• 7d · Net gain or loss

  total -$194,410 · unrelated business -$62,858 · excluded -$131,552

• 8a · Fundraising events: gross income

  $1,029,870

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

  $428,000

• 8b · Fundraising events: direct expenses

  $271,699

• 8c · Net income from fundraising events

  total $758,171 · excluded $758,171

• 10a · Gross sales of inventory

  $372,562

• 10b · Cost of goods sold

  $293,682

• 10c · Net income from sales of inventory

  total $78,880 · related or exempt $78,880

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,297,851 · program services $5,297,851

• 3 · Grants to foreign organizations and individuals

  total $779,799 · program services $779,799

• 5 · Compensation of officers, directors and key employees

  total $1,504,575 · program services $1,146,074 · management and general $295,580 · fundraising $62,921

• 7 · Other salaries and wages

  total $20,835,237 · program services $15,870,749 · management and general $4,093,166 · fundraising $871,322

• 8 · Pension plan contributions

  total $1,220,855 · program services $929,957 · management and general $239,842 · fundraising $51,056

• 9 · Other employee benefits

  total $239,577 · program services $182,492 · management and general $47,066 · fundraising $10,019

• 10 · Payroll taxes

  total $1,381,121 · program services $1,121,316 · management and general $206,961 · fundraising $52,844

• 11f · Fees: investment management

  total $320,270 · management and general $320,270

• 11g · Fees: other

  total $833,100 · program services $374,579 · management and general $458,486 · fundraising $35

• 13 · Office expenses

  total $2,135,678 · program services $1,608,562 · management and general $409,348 · fundraising $117,768

• 14 · Information technology

  total $11,079 · program services $3,276 · management and general $7,190 · fundraising $613

• 17 · Travel

  total $1,299,133 · program services $1,072,970 · management and general $207,267 · fundraising $18,896

• 20 · Interest

  total $543,272 · program services $2,550 · management and general $540,722

• 22 · Depreciation, depletion and amortization

  total $4,393,188 · program services $4,264,907 · management and general $119,495 · fundraising $8,786

• 23 · Insurance

  total $467,771 · management and general $467,771

• 24a · Other expenses: OTHER ADMINISTRATIVE EX

  total $2,049,173 · program services $1,125,900 · management and general $693,959 · fundraising $229,314

• 24b · Other expenses: FOOD SERVICE

  total $2,039,966 · program services $2,039,966

• 24c · Other expenses: MAINTENANCE & REPAIRS

  total $1,871,689 · program services $1,682,122 · management and general $183,626 · fundraising $5,941

• 24d · Other expenses: PHYSICAL PLANT CONTRACT

  total $1,870,137 · program services $1,815,529 · management and general $50,868 · fundraising $3,740

• 24e · All other expenses

  total $1,695,358 · program services $1,645,853 · management and general $46,114 · fundraising $3,391

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $35,392,495 · end of year $34,684,913

• 3 · Pledges and grants receivable

  beginning of year $4,051,282 · end of year $2,124,160

• 4 · Accounts receivable

  beginning of year $1,724,110 · end of year $56,577

• 8 · Inventories for sale or use

  beginning of year $245,078 · end of year $235,663

• 9 · Prepaid expenses and deferred charges

  beginning of year $269,794 · end of year $656,469

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

  $135,262,171

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

  $69,180,401

• 10c · Land, buildings and equipment, net

  beginning of year $61,024,814 · end of year $66,081,770

• 12 · Investments: other securities

  beginning of year $133,792,616 · end of year $143,259,422

• 15 · Other assets

  beginning of year $2,216,944 · end of year $2,523,189

• 17 · Accounts payable and accrued expenses

  beginning of year $2,553,008 · end of year $2,777,269

• 19 · Deferred revenue

  beginning of year $18,386,188 · end of year $18,234,133

• 20 · Tax-exempt bond liabilities

  beginning of year $17,847,725 · end of year $17,850,275

• 25 · Other liabilities

  beginning of year $736,288 · end of year $676,029

• 27 · Net assets without donor restrictions

  beginning of year $133,076,446 · end of year $137,425,726

• 28 · Net assets with donor restrictions

  beginning of year $66,117,478 · end of year $72,658,731

The filer's explanations (Part III)

PART I, LINE 1A

THE SCHOOL PROVIDES HOUSING AND CERTAIN PERSONAL SERVICES RELATED TO THE MAINTENANCE AND CARE OF THE RESIDENCE AS PART OF THE HEAD OF SCHOOL'S EMPLOYMENT. THIS IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE HEAD OF SCHOOL CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. IN ADDITION, CERTAIN ADMINISTRATORS ARE PROVIDED WITH DISCRETIONARY SPENDING ACCOUNTS. THESE ACCOUNTS ARE TO BE USED FOR SCHOOL-RELATED EXPENDITURES AS SEEN FIT BY THE ADMINISTRATOR AND THE HEAD OF SCHOOL. THE DISCRETIONARY SPENDING ACCOUNT FOR THE CFO IS NOT PART OF AN ACCOUNTABLE PLAN, AND THEREFORE IS INCLUDED ON FORM 1099 AS TAXABLE COMPENSATION.