Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,303,947

• 2a · Program service revenue: TUITION AND FEES

  total $22,829,191 · related or exempt $22,829,191

• 2b · Program service revenue: ANCILLARY SERVICES REVENUE

  total $960,183 · related or exempt $960,183

• 3 · Investment income

  total $622,914 · unrelated business $3,917 · excluded $618,997

• 7a · Gross sales of assets other than inventory

  securities $3,582,355

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

  securities $2,977,978

• 7c · Gain or loss

  securities $604,377

• 7d · Net gain or loss

  total $604,377 · excluded $604,377

• 11a · Other revenue: OTHER INCOME

  total $544,466 · excluded $544,466

• 11e · Other revenue, total

  $544,466

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,661,746 · program services $1,661,746

• 5 · Compensation of officers, directors and key employees

  total $2,212,563 · program services $367,604 · management and general $838,711 · fundraising $1,006,248

• 7 · Other salaries and wages

  total $11,474,396 · program services $10,887,222 · management and general $587,174

• 8 · Pension plan contributions

  total $863,622 · program services $688,779 · management and general $174,843

• 9 · Other employee benefits

  total $2,409,862 · program services $1,829,643 · management and general $543,110 · fundraising $37,109

• 10 · Payroll taxes

  total $961,831 · program services $702,532 · management and general $218,966 · fundraising $40,333

• 11b · Fees: legal

  total $25,743 · management and general $25,743

• 11c · Fees: accounting

  total $77,007 · management and general $77,007

• 11f · Fees: investment management

  total $49,371 · management and general $49,371

• 11g · Fees: other

  total $461,737 · program services $286,120 · management and general $171,492 · fundraising $4,125

• 12 · Advertising and promotion

  total $168,966 · program services $148,927 · management and general $20,039

• 13 · Office expenses

  total $209,192 · program services $99,704 · management and general $108,051 · fundraising $1,437

• 14 · Information technology

  total $40,295 · program services $35,359 · management and general $4,426 · fundraising $510

• 16 · Occupancy

  total $525,342 · program services $422,279 · management and general $96,975 · fundraising $6,088

• 22 · Depreciation, depletion and amortization

  total $1,562,163 · program services $1,370,818 · management and general $171,583 · fundraising $19,762

• 23 · Insurance

  total $184,317 · management and general $184,317

• 24a · Other expenses: STUDENT ACTIVITIES

  total $1,036,081 · program services $1,036,081

• 24b · Other expenses: FOOD AND BEVERAGE

  total $931,571 · program services $870,288 · management and general $61,283

• 24c · Other expenses: BAD DEBT

  total $703,133 · fundraising $703,133

• 24d · Other expenses: PROGRAM SUPPLIES

  total $404,118 · program services $403,826 · management and general $292

• 24e · All other expenses

  total $1,372,407 · program services $634,721 · management and general $484,221 · fundraising $253,465

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,903,124 · end of year $7,702,753

• 2 · Savings and temporary cash investments

  beginning of year $157,905 · end of year $4,016,328

• 3 · Pledges and grants receivable

  beginning of year $9,135,160 · end of year $8,891,109

• 4 · Accounts receivable

  beginning of year $131,833 · end of year $197,743

• 8 · Inventories for sale or use

  beginning of year $14,206 · end of year $14,206

• 9 · Prepaid expenses and deferred charges

  beginning of year $534,877 · end of year $339,633

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

  $48,453,410

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

  $18,276,311

• 10c · Land, buildings and equipment, net

  beginning of year $29,548,512 · end of year $30,177,099

• 11 · Investments: publicly traded securities

  beginning of year $28,456,112 · end of year $39,164,940

• 12 · Investments: other securities

  beginning of year $565,303 · end of year $426,374

• 17 · Accounts payable and accrued expenses

  beginning of year $696,706 · end of year $1,427,162

• 19 · Deferred revenue

  beginning of year $8,012,767 · end of year $7,846,507

• 25 · Other liabilities

  beginning of year $250,000 · end of year $87,500

• 27 · Net assets without donor restrictions

  beginning of year $42,507,603 · end of year $49,137,667

• 28 · Net assets with donor restrictions

  beginning of year $33,979,956 · end of year $32,431,349

The filer's explanations (Part III)

PART I, LINE 1A

ANDREW RODIN, HEADMASTER RECEIVES A GROSS-UP PAYMENT FOR TUITION.

PART I, LINE 4B

THE SCHOOL INSTITUTED A NONQUALIFIED DEFINED CONTRIBUTION DEFERRED COMPENSATION PLAN FOR THE BENEFIT OF A CERTAIN ADMINISTRATIVE EMPLOYEE. THE PLAN WAS DESIGNED IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE. ANNUAL DISCRETIONARY CONTRIBUTIONS MAY BE ACCRUED AS DETERMINED BY A COMMITTEE OF THE BOARD OF TRUSTEES. ADDITIONAL MANDATORY CONTRIBUTIONS (OR REDUCTIONS) ARE ACCRUED (DEDUCTED) BASED UPON THE WEIGHTED-AVERAGE RATE OF RETURN (OR LOSS) OF THE SCHOOL'S ENDOWMENT PORTFOLIO EACH FISCAL YEAR. THE FOLLOWING CONTRIBUTIONS WERE MADE REGARDING THE 457(F) PLAN DURING THE CALENDAR YEAR. THERE WERE NO DISTRIBUTIONS DURING CALENDAR 2022. ANDREW RODIN - $100,000 CONTRIBUTION

PART I, LINE 7

BONUSES ARE PAID OUT BASED ON PERFORMANCE AND APPROVED BY THE EXECUTIVE COMMITTEE.