Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $11,893,354

• 1g · Noncash contributions included above

  $185,301

• 2a · Program service revenue: TUITION AND FEES

  total $22,836,510 · related or exempt $22,836,510

• 2b · Program service revenue: AUXILIARY ACTIVITIES

  total $1,951,708 · related or exempt $1,951,708

• 3 · Investment income

  total $441,957 · excluded $441,957

• 6a · Gross rents

  real property $170,794

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $170,794

• 6d · Net rental income or loss

  total $170,794 · excluded $170,794

• 7a · Gross sales of assets other than inventory

  securities $9,688,476 · other assets $2,150

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

  securities $8,820,232 · other assets $0

• 7c · Gain or loss

  securities $868,244 · other assets $2,150

• 7d · Net gain or loss

  total $870,394 · excluded $870,394

• 10a · Gross sales of inventory

  $1,245,995

• 10b · Cost of goods sold

  $774,070

• 10c · Net income from sales of inventory

  total $471,925 · related or exempt $471,925

• 11a · Other revenue: BOOK COMMISSIONS

  total $27,127 · related or exempt $27,127

• 11e · Other revenue, total

  $27,127

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,738,591 · program services $1,738,591

• 3 · Grants to foreign organizations and individuals

  total $5,921 · program services $5,921

• 5 · Compensation of officers, directors and key employees

  total $639,742 · program services $209,442 · management and general $397,525 · fundraising $32,775

• 7 · Other salaries and wages

  total $11,716,966 · program services $10,168,221 · management and general $1,253,322 · fundraising $295,423

• 8 · Pension plan contributions

  total $527,161 · program services $458,988 · management and general $54,954 · fundraising $13,219

• 9 · Other employee benefits

  total $1,482,919 · program services $1,262,129 · management and general $182,163 · fundraising $38,627

• 10 · Payroll taxes

  total $1,008,927 · program services $849,653 · management and general $132,585 · fundraising $26,689

• 11b · Fees: legal

  total $45,977 · program services $920 · management and general $45,057

• 11c · Fees: accounting

  total $40,000 · program services $800 · management and general $39,200

• 11f · Fees: investment management

  total $10,075 · management and general $10,075

• 12 · Advertising and promotion

  total $86,748 · program services $15,652 · fundraising $71,096

• 13 · Office expenses

  total $661,037 · program services $494,312 · management and general $158,880 · fundraising $7,845

• 14 · Information technology

  total $264,515 · program services $156,647 · management and general $102,789 · fundraising $5,079

• 16 · Occupancy

  total $690,426 · program services $690,426

• 17 · Travel

  total $251,548 · program services $210,831 · management and general $28,234 · fundraising $12,483

• 19 · Conferences, conventions and meetings

  total $55,886 · program services $47,203 · management and general $7,589 · fundraising $1,094

• 20 · Interest

  total $328,248 · program services $6,565 · management and general $321,683

• 22 · Depreciation, depletion and amortization

  total $1,997,921 · program services $1,746,816 · management and general $155,491 · fundraising $95,614

• 24a · Other expenses: STUDENT ACTIVITIES

  total $2,049,170 · program services $2,049,170

• 24b · Other expenses: OTHER SERVICES

  total $1,162,232 · program services $909,185 · management and general $216,525 · fundraising $36,522

• 24c · Other expenses: EVENTS

  total $205,430 · program services $168,241 · management and general $1,550 · fundraising $35,639

• 24e · All other expenses

  total $223,521 · program services $127,277 · management and general $91,209 · fundraising $5,035

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $359,805 · end of year $317,965

• 2 · Savings and temporary cash investments

  beginning of year $11,847,235 · end of year $23,269,581

• 3 · Pledges and grants receivable

  beginning of year $834,397 · end of year $3,005,985

• 4 · Accounts receivable

  beginning of year $10,595,652 · end of year $11,519,265

• 8 · Inventories for sale or use

  beginning of year $23,686 · end of year $21,713

• 9 · Prepaid expenses and deferred charges

  beginning of year $460,623 · end of year $341,746

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

  $81,683,350

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

  $14,575,296

• 10c · Land, buildings and equipment, net

  beginning of year $57,371,414 · end of year $67,108,054

• 11 · Investments: publicly traded securities

  beginning of year $19,373,389 · end of year $7,863,591

• 17 · Accounts payable and accrued expenses

  beginning of year $1,765,814 · end of year $1,744,651

• 19 · Deferred revenue

  beginning of year $21,296,178 · end of year $21,960,700

• 23 · Secured mortgages and notes payable

  beginning of year $15,007,332 · end of year $13,921,726

• 25 · Other liabilities

  beginning of year $627,284 · end of year $461,204

• 27 · Net assets without donor restrictions

  beginning of year $53,218,249 · end of year $66,126,866

• 28 · Net assets with donor restrictions

  beginning of year $8,951,344 · end of year $9,232,753

The filer's explanations (Part III)

PART I, LINE 4B

TERRY MACALUSO, HEAD OF THE SCHOOL EMERITUS, PARTICIPATED IN A DEFERRED COMPENSATION ARRANGEMENT DURING THE YEAR. TOTAL CONTRIBUTIONS DURING 2023 WERE $14,669

PART I, LINE 7

TERRY MACALUSO, HEAD OF THE SCHOOL EMERITUS, RECEIVED A BONUS DURING THE YEAR AT THE DISCRETION OF THE EXECUTIVE COMMITTEE. CHRISTINA HADDEN, ADMINISTRATIVE SERVICES DIRECTOR, RECEIVED A BONUS DURING THE YEAR AT THE DISCRETION OF THE HEAD OF SCHOOL.