Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $53,933,040

• 1g · Noncash contributions included above

  $1,078,350

• 2a · Program service revenue: Tuition

  total $48,492,047 · related or exempt $48,492,047

• 2b · Program service revenue: Cafeteria fees

  total $1,706,713 · related or exempt $1,706,713

• 2c · Program service revenue: Auxiliary service fees

  total $858,680 · related or exempt $858,680

• 2d · Program service revenue: Activity fees

  total $823,097 · related or exempt $823,097

• 3 · Investment income

  total $4,736,153 · excluded $4,736,153

• 6a · Gross rents

  real property $59,950

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $59,950

• 6d · Net rental income or loss

  total $59,950 · excluded $59,950

• 7a · Gross sales of assets other than inventory

  securities $6,950,908

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

  securities $831,304

• 7c · Gain or loss

  securities $6,119,604

• 7d · Net gain or loss

  total $6,119,604 · excluded $6,119,604

• 10a · Gross sales of inventory

  $373,576

• 10b · Cost of goods sold

  $222,575

• 10c · Net income from sales of inventory

  total $151,001 · related or exempt $151,001

• 11a · Other revenue: Shared parking garage income

  total $166,092 · related or exempt $166,092

• 11b · Other revenue: Partnership income

  total $4,717 · unrelated business $4,717

• 11e · Other revenue, total

  $170,809

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,485,564 · program services $4,485,564

• 5 · Compensation of officers, directors and key employees

  total $2,258,966 · program services $1,057,400 · management and general $668,838 · fundraising $532,728

• 7 · Other salaries and wages

  total $27,187,332 · program services $25,346,792 · management and general $1,428,130 · fundraising $412,410

• 8 · Pension plan contributions

  total $1,630,381 · program services $1,215,410 · management and general $378,140 · fundraising $36,831

• 9 · Other employee benefits

  total $3,270,067 · program services $2,490,951 · management and general $726,482 · fundraising $52,634

• 10 · Payroll taxes

  total $2,154,160 · program services $1,701,795 · management and general $383,976 · fundraising $68,389

• 11b · Fees: legal

  total $9,892 · management and general $9,892

• 11c · Fees: accounting

  total $65,700 · management and general $65,700

• 11e · Fees: professional fundraising services

  total $14,315 · fundraising $14,315

• 11f · Fees: investment management

  total $445,431 · management and general $445,431

• 11g · Fees: other

  total $227,709 · program services $96,692 · management and general $131,017

• 13 · Office expenses

  total $2,539,575 · program services $2,119,171 · management and general $315,300 · fundraising $105,104

• 14 · Information technology

  total $1,211,959 · program services $724,859 · management and general $487,100

• 16 · Occupancy

  total $2,562,425 · program services $2,362,834 · management and general $174,119 · fundraising $25,472

• 19 · Conferences, conventions and meetings

  total $485,697 · program services $402,846 · management and general $45,705 · fundraising $37,146

• 20 · Interest

  total $2,457,909 · management and general $2,457,909

• 22 · Depreciation, depletion and amortization

  total $5,495,044 · program services $5,389,633 · management and general $44,426 · fundraising $60,985

• 23 · Insurance

  total $1,465,997 · program services $1,302,168 · management and general $149,094 · fundraising $14,735

• 24a · Other expenses: Student activities,trip

  total $1,246,092 · program services $1,246,092

• 24b · Other expenses: Food services

  total $1,152,145 · program services $1,129,775 · management and general $16,246 · fundraising $6,124

• 24c · Other expenses: Contract services

  total $551,534 · program services $513,309 · management and general $10,931 · fundraising $27,294

• 24d · Other expenses: Community relations

  total $377,618 · management and general $251,595 · fundraising $126,023

• 24e · All other expenses

  total $438,068 · program services $134,548 · management and general $228,991 · fundraising $74,529

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $18,363,192 · end of year $19,645,503

• 2 · Savings and temporary cash investments

  beginning of year $47,192,069 · end of year $72,258,997

• 3 · Pledges and grants receivable

  beginning of year $9,723,036 · end of year $23,327,964

• 4 · Accounts receivable

  beginning of year $284,318 · end of year $293,352

• 8 · Inventories for sale or use

  beginning of year $378,625 · end of year $397,522

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,457,401 · end of year $1,700,459

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

  $282,266,174

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

  $86,513,784

• 10c · Land, buildings and equipment, net

  beginning of year $187,571,557 · end of year $195,752,390

• 11 · Investments: publicly traded securities

  beginning of year $73,282,429 · end of year $80,019,391

• 12 · Investments: other securities

  beginning of year $28,144,071 · end of year $33,590,631

• 15 · Other assets

  beginning of year $3,558 · end of year $3,834

• 17 · Accounts payable and accrued expenses

  beginning of year $4,292,609 · end of year $5,179,867

• 19 · Deferred revenue

  beginning of year $35,808,738 · end of year $36,778,929

• 20 · Tax-exempt bond liabilities

  beginning of year $101,496,756 · end of year $99,216,498

• 21 · Escrow or custodial account liability

  beginning of year $538,491 · end of year $527,255

• 27 · Net assets without donor restrictions

  beginning of year $97,162,689 · end of year $106,747,872

• 28 · Net assets with donor restrictions

  beginning of year $127,100,973 · end of year $178,539,622

The filer's explanations (Part III)

Part I, Line 1a

All of the benefits checked in Part I are provided to Daniel Alig, the Head of School. - The School provides a house on campus and pays for utilities and maintenance of the house including the services of a housekeeper. The value of this benefit (estimated at $227,149 for this fiscal year) is not treated as taxable compensation because it meets the criteria for exclusion under IRC Section 119. - The School included a gross-up payment of $60,318 for this fiscal year relating to non-cash fringe benefits provided. This amount was treated as taxable compensation.

Part I, Line 4b

The School has established a Rabbi Trust for the benefit of Daniel Alig, the Head of School. The amount treated as deferred compensation to him under this plan during this fiscal year was $150,000.