Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $498,626

• 1f · All other contributions, gifts and grants

  $7,079,052

• 1g · Noncash contributions included above

  $256,632

• 2a · Program service revenue: TUITION & FEES

  total $37,591,818 · related or exempt $37,591,818

• 2b · Program service revenue: STUDENT ACTIVITIES & YEARBOOK

  total $215,035 · related or exempt $215,035

• 2c · Program service revenue: SUMMER SCHOOL TUITION

  total $57,911 · related or exempt $57,911

• 3 · Investment income

  total $755,720 · excluded $755,720

• 6a · Gross rents

  real property $77,106

• 6b · Less rental expenses

  real property $72,312

• 6c · Rental income or loss

  real property $4,794

• 6d · Net rental income or loss

  total $4,794 · excluded $4,794

• 7a · Gross sales of assets other than inventory

  securities $7,825,256

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

  securities $8,077,971

• 7c · Gain or loss

  securities -$252,715

• 7d · Net gain or loss

  total -$252,715 · excluded -$252,715

• 8a · Fundraising events: gross income

  $439,335

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

  $498,626

• 8b · Fundraising events: direct expenses

  $181,416

• 8c · Net income from fundraising events

  total $257,919 · excluded $257,919

• 11a · Other revenue: VARIOUS FACILITIES USAGE

  total $106,719 · unrelated business $106,719

• 11b · Other revenue: PARENTS ASSOC. INCOME

  total $68,569 · excluded $68,569

• 11c · Other revenue: OTHER INCOME

  total $12,544 · excluded $12,544

• 11e · Other revenue, total

  $187,832

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,216,255 · program services $5,216,255

• 5 · Compensation of officers, directors and key employees

  total $2,734,713 · program services $1,515,624 · management and general $621,961 · fundraising $597,128

• 7 · Other salaries and wages

  total $16,127,149 · program services $14,500,980 · management and general $882,905 · fundraising $743,264

• 8 · Pension plan contributions

  total $1,163,790 · program services $1,080,182 · management and general $39,755 · fundraising $43,853

• 9 · Other employee benefits

  total $3,712,125 · program services $3,375,635 · management and general $176,367 · fundraising $160,123

• 10 · Payroll taxes

  total $1,290,192 · program services $1,101,889 · management and general $95,962 · fundraising $92,341

• 11b · Fees: legal

  total $79,253 · management and general $79,253

• 11c · Fees: accounting

  total $137,034 · management and general $137,034

• 11e · Fees: professional fundraising services

  total $36,359 · fundraising $36,359

• 11f · Fees: investment management

  total $84,474 · management and general $84,474

• 11g · Fees: other

  total $398,299 · program services $260,229 · management and general $120,414 · fundraising $17,656

• 12 · Advertising and promotion

  total $361,949 · program services $6,540 · management and general $172 · fundraising $355,237

• 13 · Office expenses

  total $126,242 · program services $124,306 · management and general $856 · fundraising $1,080

• 14 · Information technology

  total $497,323 · program services $497,323

• 16 · Occupancy

  total $2,234,100 · program services $2,164,559 · management and general $50,397 · fundraising $19,144

• 17 · Travel

  total $221,821 · program services $221,821

• 19 · Conferences, conventions and meetings

  total $136,713 · program services $51,371 · management and general $1,939 · fundraising $83,403

• 22 · Depreciation, depletion and amortization

  total $3,687,201 · program services $3,615,326 · management and general $71,875

• 23 · Insurance

  total $238,395 · program services $233,627 · management and general $4,768

• 24a · Other expenses: STUDENT ACTIVITIES

  total $1,045,780 · program services $1,045,780

• 24b · Other expenses: DINING ROOM

  total $869,822 · program services $869,822

• 24c · Other expenses: HORIZONS PROGRAM

  total $668,963 · program services $668,963

• 24d · Other expenses: SCHOOL SUPPLIES

  total $632,074 · program services $629,570 · management and general $2,504

• 24e · All other expenses

  total $873,144 · program services $758,455 · management and general $75,287 · fundraising $39,402

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $662 · end of year $575

• 2 · Savings and temporary cash investments

  beginning of year $23,244,342 · end of year $24,130,499

• 3 · Pledges and grants receivable

  beginning of year $139,741 · end of year $2,263,803

• 4 · Accounts receivable

  beginning of year $2,051,209 · end of year $1,784,206

• 9 · Prepaid expenses and deferred charges

  beginning of year $353,339 · end of year $224,479

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

  $117,951,935

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

  $41,315,555

• 10c · Land, buildings and equipment, net

  beginning of year $75,155,613 · end of year $76,636,380

• 11 · Investments: publicly traded securities

  beginning of year $31,788,051 · end of year $37,689,035

• 12 · Investments: other securities

  beginning of year $17,407,735 · end of year $15,002,681

• 15 · Other assets

  beginning of year $0 · end of year $305,131

• 17 · Accounts payable and accrued expenses

  beginning of year $4,700,046 · end of year $3,689,591

• 19 · Deferred revenue

  beginning of year $15,736,791 · end of year $16,096,523

• 24 · Unsecured notes and loans payable

  end of year $10,000

• 27 · Net assets without donor restrictions

  beginning of year $121,903,388 · end of year $126,895,534

• 28 · Net assets with donor restrictions

  beginning of year $7,800,467 · end of year $11,345,141

The filer's explanations (Part III)

PART I, LINE 1A

THE HEAD OF SCHOOL IS PROVIDED WITH A RESIDENCE FOR PERSONAL AND BUSINESS USE. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS, AND HOST EVENTS OPEN TO FACULTY, STUDENTS, AND CONSTITUENTS ON AVERAGE ONCE A WEEK. THE VALUE OF THE HOUSING IS REPORTED IN SCHEDULE J, PART II, COLUMN (D) AND IS TREATED AS NONTAXABLE. CLEANING SERVICES WERE PROVIDED FOR THE HEAD OF SCHOOL'S RESIDENCE. THIS WAS TREATED AS NONTAXABLE INCOME.