Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $4,027

• 1f · All other contributions, gifts and grants

  $3,224,307

• 1g · Noncash contributions included above

  $143,626

• 2a · Program service revenue: TUITION & FEES

  total $16,563,035 · related or exempt $16,563,035

• 2b · Program service revenue: FOOD SERVICE

  total $32,968 · related or exempt $32,968

• 3 · Investment income

  total $562,194 · excluded $562,194

• 6a · Gross rents

  real property $107,221

• 6b · Less rental expenses

  real property $61,372

• 6c · Rental income or loss

  real property $45,849

• 6d · Net rental income or loss

  total $45,849 · excluded $45,849

• 7a · Gross sales of assets other than inventory

  securities $1,868,261

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

  securities $1,389,082

• 7c · Gain or loss

  securities $479,179

• 7d · Net gain or loss

  total $479,179 · excluded $479,179

• 8a · Fundraising events: gross income

  $21,672

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

  $4,027

• 8b · Fundraising events: direct expenses

  $34,165

• 8c · Net income from fundraising events

  total -$12,493 · excluded -$12,493

• 10a · Gross sales of inventory

  $291,692

• 10b · Cost of goods sold

  $199,424

• 10c · Net income from sales of inventory

  total $92,268 · related or exempt $92,268

• 11a · Other revenue: MISCELLANEOUS

  total $96,984 · related or exempt $96,984

• 11b · Other revenue: MUSICAL AND DRAMA PRODUCTION

  total $39,753 · related or exempt $39,753

• 11c · Other revenue: VENDING MACHINE

  total $5,477 · related or exempt $5,477

• 11e · Other revenue, total

  $142,214

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $370,130 · management and general $370,130

• 7 · Other salaries and wages

  total $12,198,099 · program services $7,699,705 · management and general $3,934,427 · fundraising $563,967

• 8 · Pension plan contributions

  total $297,240 · program services $167,504 · management and general $120,271 · fundraising $9,465

• 9 · Other employee benefits

  total $1,410,877 · program services $895,275 · management and general $433,606 · fundraising $81,996

• 10 · Payroll taxes

  total $890,366 · program services $577,163 · management and general $275,960 · fundraising $37,243

• 11b · Fees: legal

  total $13,130 · management and general $13,130

• 11c · Fees: accounting

  total $50,687 · management and general $50,687

• 11f · Fees: investment management

  total $21,644 · management and general $21,644

• 11g · Fees: other

  total $93,911 · management and general $67,460 · fundraising $26,451

• 12 · Advertising and promotion

  total $103,879 · management and general $103,879

• 13 · Office expenses

  total $971,983 · program services $784,558 · management and general $155,682 · fundraising $31,743

• 16 · Occupancy

  total $866,110 · program services $529,759 · management and general $298,111 · fundraising $38,240

• 17 · Travel

  total $41,276 · management and general $41,276

• 19 · Conferences, conventions and meetings

  total $62,690 · program services $20,749 · fundraising $41,941

• 20 · Interest

  total $839,464 · program services $513,460 · management and general $288,940 · fundraising $37,064

• 22 · Depreciation, depletion and amortization

  total $1,706,004 · program services $1,068,576 · management and general $573,681 · fundraising $63,747

• 23 · Insurance

  total $357,004 · management and general $357,004

• 24a · Other expenses: SUMMER SCHOOL EXPENSES

  total $277,518 · program services $277,518

• 24b · Other expenses: LICENSES & FEES

  total $114,902 · management and general $114,902

• 24c · Other expenses: MISCELLANEOUS

  total $110,298 · program services $82,528 · management and general $27,770

• 24d · Other expenses: YEARBOOK & PHOTO EXPENS

  total $80,252 · program services $80,252

• 24e · All other expenses

  total $321,080 · program services $186,053 · management and general $135,027

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $908,088 · end of year $676,656

• 2 · Savings and temporary cash investments

  beginning of year $3,886,758 · end of year $4,905,995

• 3 · Pledges and grants receivable

  beginning of year $9,173,962 · end of year $7,251,492

• 4 · Accounts receivable

  beginning of year $149,472 · end of year $237,919

• 9 · Prepaid expenses and deferred charges

  beginning of year $311,098 · end of year $330,482

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

  $74,954,003

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

  $22,288,630

• 10c · Land, buildings and equipment, net

  beginning of year $54,005,643 · end of year $52,665,373

• 11 · Investments: publicly traded securities

  beginning of year $3,447,134 · end of year $3,734,230

• 15 · Other assets

  beginning of year $184,433 · end of year $232,287

• 17 · Accounts payable and accrued expenses

  beginning of year $805,467 · end of year $513,792

• 19 · Deferred revenue

  beginning of year $6,160,253 · end of year $6,442,328

• 23 · Secured mortgages and notes payable

  beginning of year $16,921,062 · end of year $15,202,249

• 25 · Other liabilities

  beginning of year $159,875 · end of year $199,984

• 27 · Net assets without donor restrictions

  beginning of year $37,561,093 · end of year $37,832,393

• 28 · Net assets with donor restrictions

  beginning of year $10,458,838 · end of year $9,843,688

The filer's explanations (Part III)

PART I, LINE 4B

THE HEAD OF SCHOOL, BARRETT MOSBACKER, PARTICIPATED IN A NON-QUALIFIED 457(B) RETIREMENT PLAN. THE ACADEMY CONTRIBUTED $20,190 TO THE PLAN DURING THE CURRENT YEAR. THE FAIR MARKET VALUE OF THE ASSETS IN THE PLAN TOTAL $199,984.