Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $5,742,990

• 2a · Program service revenue: TUITION

  total $34,405,563 · related or exempt $34,405,563

• 2b · Program service revenue: OTHER STUDENT FEES

  total $1,070,810 · related or exempt $1,070,810

• 2c · Program service revenue: AUXILIARY PROGRAMS FEES

  total $6,725 · related or exempt $6,725

• 3 · Investment income

  total $1,826,868 · excluded $1,826,868

• 6a · Gross rents

  real property $75,820

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $75,820

• 6d · Net rental income or loss

  total $75,820 · excluded $75,820

• 7a · Gross sales of assets other than inventory

  securities $19,091 · other assets $2,000

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

  securities $8,000 · other assets $0

• 7c · Gain or loss

  securities $11,091 · other assets $2,000

• 7d · Net gain or loss

  total $13,091 · excluded $13,091

• 10a · Gross sales of inventory

  $782,687

• 10b · Cost of goods sold

  $448,626

• 10c · Net income from sales of inventory

  total $334,061 · related or exempt $334,061

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,251,095 · program services $3,251,095

• 5 · Compensation of officers, directors and key employees

  total $2,255,273 · program services $1,982,330 · management and general $232,555 · fundraising $40,388

• 7 · Other salaries and wages

  total $17,866,432 · program services $15,443,606 · management and general $2,016,302 · fundraising $406,524

• 8 · Pension plan contributions

  total $985,450 · program services $806,269 · management and general $159,272 · fundraising $19,909

• 9 · Other employee benefits

  total $2,910,527 · program services $2,270,327 · management and general $603,325 · fundraising $36,875

• 10 · Payroll taxes

  total $1,488,334 · program services $1,250,201 · management and general $205,390 · fundraising $32,743

• 11b · Fees: legal

  total $3,825 · management and general $3,825

• 11c · Fees: accounting

  total $56,835 · management and general $56,835

• 11g · Fees: other

  total $43,344 · program services $36,409 · management and general $5,981 · fundraising $954

• 12 · Advertising and promotion

  total $224,553 · management and general $224,553

• 13 · Office expenses

  total $700,435 · program services $459,097 · management and general $73,211 · fundraising $168,127

• 14 · Information technology

  total $805,437 · program services $755,288 · management and general $40,272 · fundraising $9,877

• 16 · Occupancy

  total $3,884,277 · program services $3,882,330 · management and general $1,947

• 19 · Conferences, conventions and meetings

  total $127,125 · program services $43,816 · management and general $83,309

• 22 · Depreciation, depletion and amortization

  total $3,961,840 · program services $3,961,840

• 23 · Insurance

  total $494,738 · program services $395,791 · management and general $94,000 · fundraising $4,947

• 24a · Other expenses: EDUCATIONAL SUPPLIES AN

  total $1,289,215 · program services $1,289,215

• 24b · Other expenses: CAFETARIA EXPENSES

  total $1,084,431 · program services $1,084,431

• 24c · Other expenses: PRINTING AND PUBLICATIO

  total $71,283 · program services $63,237 · management and general $2,299 · fundraising $5,747

• 24d · Other expenses: POSTAGE, TELEPHONE, AND

  total $21,317 · program services $9,494 · management and general $6,880 · fundraising $4,943

• 24e · All other expenses

  total $3,036 · program services $2,549 · management and general $420 · fundraising $67

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,544,688 · end of year $20,515,133

• 2 · Savings and temporary cash investments

  end of year $20,885,527

• 3 · Pledges and grants receivable

  beginning of year $21,060,712 · end of year $15,127,413

• 4 · Accounts receivable

  beginning of year $5,281,789 · end of year $6,895,584

• 9 · Prepaid expenses and deferred charges

  beginning of year $608,903 · end of year $675,160

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

  $102,905,226

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

  $42,382,535

• 10c · Land, buildings and equipment, net

  beginning of year $62,930,974 · end of year $60,522,691

• 11 · Investments: publicly traded securities

  beginning of year $42,510,401 · end of year $30,875,846

• 15 · Other assets

  beginning of year $3,035,280 · end of year $9,186,498

• 17 · Accounts payable and accrued expenses

  beginning of year $3,535,342 · end of year $5,870,048

• 19 · Deferred revenue

  beginning of year $30,312,356 · end of year $31,491,210

• 25 · Other liabilities

  beginning of year $1,439,505 · end of year $1,374,312

• 27 · Net assets without donor restrictions

  beginning of year $68,635,419 · end of year $72,596,790

• 28 · Net assets with donor restrictions

  beginning of year $52,050,125 · end of year $53,351,492

The filer's explanations (Part III)

PART I, LINE 1A

CERTAIN KEY EMPLOYEES ARE PROVIDED ON-CAMPUS HOUSING.

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES AND APPROVES THE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL.

PART I, LINE 7

BONUSES WERE DETERMINED BASED ON INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE AND UNRESTRICTED, DISCRETIONARY FUNDING AVAILABILITY.