Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,718,274

• 1g · Noncash contributions included above

  $180,080

• 2a · Program service revenue: TUITION AND FEES

  total $22,740,900 · related or exempt $22,740,900

• 2b · Program service revenue: SCHOOL ACTIVITY REVENUE

  total $729,199 · related or exempt $729,199

• 2c · Program service revenue: SUMMER PROGRAM REVENUE

  total $664,929 · related or exempt $664,929

• 3 · Investment income

  total $1,152,209 · excluded $1,152,209

• 7a · Gross sales of assets other than inventory

  securities $8,172,456 · other assets $7,900

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

  securities $7,814,212 · other assets $0

• 7c · Gain or loss

  securities $358,244 · other assets $7,900

• 7d · Net gain or loss

  total $366,144 · excluded $366,144

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,297,819 · program services $5,297,819

• 5 · Compensation of officers, directors and key employees

  total $1,654,152 · program services $805,803 · management and general $579,155 · fundraising $269,194

• 7 · Other salaries and wages

  total $8,573,069 · program services $6,200,023 · management and general $1,160,817 · fundraising $1,212,229

• 8 · Pension plan contributions

  total $662,596 · program services $524,118 · management and general $59,174 · fundraising $79,304

• 9 · Other employee benefits

  total $2,229,441 · program services $1,692,946 · management and general $271,371 · fundraising $265,124

• 10 · Payroll taxes

  total $674,160 · program services $496,172 · management and general $94,093 · fundraising $83,895

• 11b · Fees: legal

  total $21,895 · management and general $21,895

• 11c · Fees: accounting

  total $69,662 · management and general $69,662

• 11e · Fees: professional fundraising services

  total $65,110 · fundraising $65,110

• 11f · Fees: investment management

  total $642,880 · management and general $642,880

• 12 · Advertising and promotion

  total $158,091 · program services $23,129 · management and general $67,481 · fundraising $67,481

• 13 · Office expenses

  total $296,565 · program services $70,949 · management and general $33,559 · fundraising $192,057

• 14 · Information technology

  total $553,601 · program services $514,543 · management and general $30,835 · fundraising $8,223

• 16 · Occupancy

  total $2,480,711 · program services $2,305,693 · management and general $138,173 · fundraising $36,845

• 17 · Travel

  total $369,922 · program services $112,506 · management and general $119,068 · fundraising $138,348

• 19 · Conferences, conventions and meetings

  total $54,699 · program services $10,940 · management and general $41,024 · fundraising $2,735

• 20 · Interest

  total $420,400 · program services $388,450 · management and general $25,224 · fundraising $6,726

• 22 · Depreciation, depletion and amortization

  total $4,058,160 · program services $3,749,739 · management and general $243,490 · fundraising $64,931

• 24a · Other expenses: RESIDENTIAL SERVICES

  total $750,672 · program services $750,672

• 24b · Other expenses: SUPPLIES

  total $376,418 · program services $114,482 · management and general $121,159 · fundraising $140,777

• 24c · Other expenses: ATHLETICS

  total $331,017 · program services $331,017

• 24d · Other expenses: FACULTY RELATED

  total $324,526 · program services $324,526

• 24e · All other expenses

  total $583,437 · program services $583,437

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $950 · end of year $416

• 2 · Savings and temporary cash investments

  beginning of year $11,155,064 · end of year $12,863,495

• 3 · Pledges and grants receivable

  beginning of year $794,870 · end of year $1,290,746

• 4 · Accounts receivable

  beginning of year $90,196 · end of year $111,734

• 8 · Inventories for sale or use

  beginning of year $145,842 · end of year $132,601

• 9 · Prepaid expenses and deferred charges

  beginning of year $261,112 · end of year $340,394

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

  $100,291,079

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

  $37,789,488

• 10c · Land, buildings and equipment, net

  beginning of year $64,359,781 · end of year $62,501,591

• 11 · Investments: publicly traded securities

  beginning of year $76,734,238 · end of year $84,172,470

• 12 · Investments: other securities

  beginning of year $3,415,975 · end of year $3,742,114

• 17 · Accounts payable and accrued expenses

  beginning of year $1,033,970 · end of year $1,290,036

• 19 · Deferred revenue

  beginning of year $5,682,250 · end of year $5,148,474

• 23 · Secured mortgages and notes payable

  beginning of year $14,408,216 · end of year $14,195,742

• 25 · Other liabilities

  beginning of year $100,210 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $73,801,490 · end of year $74,640,394

• 28 · Net assets with donor restrictions

  beginning of year $61,931,892 · end of year $69,880,915

The filer's explanations (Part III)

PART I, LINE 1A

ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL.