Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $100,411

• 1d · Related organizations

  $75,000

• 1e · Government grants (contributions)

  $97,589

• 1f · All other contributions, gifts and grants

  $6,010,448

• 1g · Noncash contributions included above

  $336,149

• 2a · Program service revenue: TUITION

  total $22,745,034 · related or exempt $22,745,034

• 2b · Program service revenue: SUMMER AND AFTER SCHOOL SESSIONS

  total $417,285 · related or exempt $417,285

• 2c · Program service revenue: STUDENT FEES

  total $230 · related or exempt $230

• 3 · Investment income

  total $284,279 · excluded $284,279

• 6a · Gross rents

  real property $125,213

• 6b · Less rental expenses

  real property $35,000

• 6c · Rental income or loss

  real property $90,213

• 6d · Net rental income or loss

  total $90,213 · excluded $90,213

• 7a · Gross sales of assets other than inventory

  securities $746,250

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

  securities $4,267,507

• 7c · Gain or loss

  securities -$3,521,257

• 7d · Net gain or loss

  total -$3,521,257 · excluded -$3,521,257

• 8a · Fundraising events: gross income

  $214,387

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

  $100,411

• 8b · Fundraising events: direct expenses

  $131,178

• 8c · Net income from fundraising events

  total $83,209 · excluded $83,209

• 10a · Gross sales of inventory

  $127,398

• 10b · Cost of goods sold

  $58,147

• 10c · Net income from sales of inventory

  total $69,251 · related or exempt $69,251

• 11a · Other revenue: VENDING MACHINE COMMISSION

  total $3,365 · related or exempt $3,365

• 11d · All other revenue

  total $176,590 · excluded $176,590

• 11e · Other revenue, total

  $179,955

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,849,260 · program services $4,849,260

• 5 · Compensation of officers, directors and key employees

  total $400,011 · program services $80,002 · management and general $200,006 · fundraising $120,003

• 7 · Other salaries and wages

  total $12,237,350 · program services $7,197,986 · management and general $4,350,075 · fundraising $689,289

• 8 · Pension plan contributions

  total $459,928 · program services $315,680 · management and general $123,055 · fundraising $21,193

• 9 · Other employee benefits

  total $985,493 · program services $665,138 · management and general $272,255 · fundraising $48,100

• 10 · Payroll taxes

  total $894,245 · program services $529,776 · management and general $310,907 · fundraising $53,562

• 11b · Fees: legal

  total $38,594 · management and general $38,594

• 11c · Fees: accounting

  total $198,250 · management and general $198,250

• 11e · Fees: professional fundraising services

  total $23,500 · fundraising $23,500

• 11g · Fees: other

  total $1,165,227 · program services $829,228 · management and general $301,057 · fundraising $34,942

• 12 · Advertising and promotion

  total $98,256 · program services $95,589 · management and general $2,667

• 13 · Office expenses

  total $566,599 · program services $46,283 · management and general $350,799 · fundraising $169,517

• 14 · Information technology

  total $507,589 · program services $429,271 · management and general $65,459 · fundraising $12,859

• 16 · Occupancy

  total $315,770 · program services $223,672 · management and general $83,689 · fundraising $8,409

• 17 · Travel

  total $45,368 · management and general $29,283 · fundraising $16,085

• 20 · Interest

  total $569,502 · program services $463,064 · management and general $89,028 · fundraising $17,410

• 22 · Depreciation, depletion and amortization

  total $2,620,660 · program services $2,105,993 · management and general $435,490 · fundraising $79,177

• 23 · Insurance

  total $214,747 · program services $174,737 · management and general $33,441 · fundraising $6,569

• 24a · Other expenses: CLASSROOM/INSTRUCTIONAL

  total $1,124,474 · program services $1,124,474

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $985,081 · program services $661,974 · management and general $298,359 · fundraising $24,748

• 24c · Other expenses: EVENT EXPENSES

  total $236,357 · program services $40 · management and general $236,317

• 24d · Other expenses: PROFESSIONAL ENRICHMENT

  total $194,242 · program services $46,560 · management and general $129,700 · fundraising $17,982

• 24e · All other expenses

  total $195,923 · program services $46,402 · fundraising $149,521

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,640,876 · end of year $5,488,203

• 2 · Savings and temporary cash investments

  beginning of year $4,718,382 · end of year $4,895,998

• 3 · Pledges and grants receivable

  beginning of year $380,950 · end of year $1,576,892

• 4 · Accounts receivable

  beginning of year $14,896,175 · end of year $17,064,417

• 8 · Inventories for sale or use

  beginning of year $52,454 · end of year $88,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $228,071 · end of year $302,591

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

  $88,515,876

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

  $37,931,549

• 10c · Land, buildings and equipment, net

  beginning of year $53,095,477 · end of year $50,584,327

• 11 · Investments: publicly traded securities

  beginning of year $712,461 · end of year $2,543,423

• 12 · Investments: other securities

  beginning of year $24,455,828 · end of year $26,216,756

• 15 · Other assets

  beginning of year $1,440,404 · end of year $1,189,760

• 17 · Accounts payable and accrued expenses

  beginning of year $1,917,281 · end of year $1,939,067

• 19 · Deferred revenue

  beginning of year $17,205,355 · end of year $19,952,879

• 20 · Tax-exempt bond liabilities

  beginning of year $5,970,166 · end of year $9,994,352

• 23 · Secured mortgages and notes payable

  beginning of year $6,975,332 · end of year $2,210,000

• 25 · Other liabilities

  beginning of year $1,293,479 · end of year $1,022,188

• 27 · Net assets without donor restrictions

  beginning of year $48,176,394 · end of year $47,615,832

• 28 · Net assets with donor restrictions

  beginning of year $23,083,071 · end of year $27,216,659

The filer's explanations (Part III)

PART I, LINE 1A

PER THE HEAD OF SCHOOL CONTRACT, HER CHILDREN'S TUITION WITH A VALUE OF $58,200, PLUS $9,469 OF TAX GROSS-UP, IS INCLUDED IN TAXABLE INCOME. THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON PART II, COLUMN (B)(III). THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN A HOUSE LOCATED ON CAMPUS AS A CONDITION OF EMPLOYMENT. FOR 2022, THE VALUE OF THE HOUSING WAS CALCULATED AS $90,397. IN ADDITION, THERE WAS ALSO $11,230 IN CLEANING SERVICES. THESE AMOUNTS ARE INCLUDED IN NONTAXABLE BENEFITS ON PART II, COLUMN (D).

PART I, LINE 7

IN 2022, THE HEAD OF SCHOOL WAS PAID A BOARD-APPROVED DISCRETIONARY BONUS OF $8,000. THIS AMOUNT IS REPORTED ON PART II, COLUMN (B)(II).

PART I, LINE 8

WENDY BARNHART, INTERIM CFO HAS AN EMPLOYMENT CONTRACT WITH THE SCHOOL STARTING MARCH 2023 THROUGH JULY 2024.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• 672 CONESTOGA 2 LLC

  UNRELATED · ALLOW PARTNERS TO MAKE CONTRIBUTIONS TO PA EDUC IMPROV TAX CREDIT PROGRAM · PA

• 672 CONESTOGA 3 LLC

  UNRELATED · ALLOW PARTNERS TO MAKE CONTRIBUTIONS TO PA EDUC IMPROV TAX CREDIT PROGRAM · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST

  T · INVESTMENTS · PA · 100% owned · share of assets $586,519