Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $199,340

• 1f · All other contributions, gifts and grants

  $1,537,808

• 1g · Noncash contributions included above

  $44,893

• 2a · Program service revenue: Tuition fees

  total $13,315,677 · related or exempt $13,315,677

• 2b · Program service revenue: Daycare program

  total $572,067 · related or exempt $572,067

• 2c · Program service revenue: Fees

  total $29,400 · related or exempt $29,400

• 3 · Investment income

  total $652,174 · excluded $652,174

• 8a · Fundraising events: gross income

  $61,436

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

  $199,340

• 8b · Fundraising events: direct expenses

  $61,436

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: Miscellaneous income

  total $21,219 · excluded $21,219

• 11e · Other revenue, total

  $21,219

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $528,361 · program services $264,181 · management and general $237,762 · fundraising $26,418

• 7 · Other salaries and wages

  total $8,208,939 · program services $5,416,481 · management and general $2,499,185 · fundraising $293,273

• 8 · Pension plan contributions

  total $293,413 · program services $181,777 · management and general $101,861 · fundraising $9,775

• 9 · Other employee benefits

  total $520,851 · program services $321,649 · management and general $181,706 · fundraising $17,496

• 10 · Payroll taxes

  total $673,724 · program services $415,822 · management and general $235,237 · fundraising $22,665

• 11b · Fees: legal

  total $61,637 · program services $58,526 · management and general $3,111

• 11c · Fees: accounting

  total $19,500 · program services $10,697 · management and general $8,210 · fundraising $593

• 11g · Fees: other

  total $249,736 · program services $249,736

• 13 · Office expenses

  total $30,819 · program services $18,439 · management and general $12,380

• 16 · Occupancy

  total $918,188 · program services $503,718 · management and general $386,557 · fundraising $27,913

• 20 · Interest

  total $177,784 · program services $177,784

• 22 · Depreciation, depletion and amortization

  total $398,190 · program services $218,447 · management and general $167,638 · fundraising $12,105

• 23 · Insurance

  total $166,959 · program services $166,959

• 24a · Other expenses: Field studies

  total $322,593 · program services $322,593

• 24b · Other expenses: Class materials

  total $312,528 · program services $312,528

• 24c · Other expenses: Repairs & maintenance

  total $168,970 · program services $92,697 · management and general $71,136 · fundraising $5,137

• 24d · Other expenses: Health and safety

  total $146,271 · program services $80,244 · management and general $61,580 · fundraising $4,447

• 24e · All other expenses

  total $386,524 · program services $196,578 · management and general $86,987 · fundraising $102,959

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,730,876 · end of year $3,114,536

• 2 · Savings and temporary cash investments

  beginning of year $8,728,690 · end of year $12,818,930

• 3 · Pledges and grants receivable

  beginning of year $2,774,766 · end of year $186,233

• 4 · Accounts receivable

  beginning of year $221,500 · end of year $192,137

• 9 · Prepaid expenses and deferred charges

  beginning of year $21,114 · end of year $8,118

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

  $15,084,838

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

  $4,594,986

• 10c · Land, buildings and equipment, net

  beginning of year $10,364,559 · end of year $10,489,852

• 11 · Investments: publicly traded securities

  beginning of year $1,083,858 · end of year $1,832,060

• 12 · Investments: other securities

  beginning of year $197,461 · end of year $210,791

• 15 · Other assets

  beginning of year $5,097,790 · end of year $4,635,604

• 17 · Accounts payable and accrued expenses

  beginning of year $1,058,970 · end of year $338,564

• 19 · Deferred revenue

  beginning of year $5,408,070 · end of year $5,933,752

• 23 · Secured mortgages and notes payable

  beginning of year $6,086,552 · end of year $5,955,291

• 25 · Other liabilities

  beginning of year $5,256,355 · end of year $4,934,838

• 27 · Net assets without donor restrictions

  beginning of year $11,193,801 · end of year $13,581,930

• 28 · Net assets with donor restrictions

  beginning of year $2,216,866 · end of year $2,743,886

The filer's explanations (Part III)

Part I, Line 1a

Based on the employment contract, the organization provided a furnished house for the Head of School.