Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,298,707

• 1f · All other contributions, gifts and grants

  $2,802,535

• 1g · Noncash contributions included above

  $38,542

• 2a · Program service revenue: TUITION & FEES

  total $15,868,461 · related or exempt $15,868,461

• 2b · Program service revenue: FOOD SERVICE

  total $27,224 · related or exempt $27,224

• 3 · Investment income

  total $223,625 · excluded $223,625

• 6a · Gross rents

  real property $95,854

• 6b · Less rental expenses

  real property $49,344

• 6c · Rental income or loss

  real property $46,510

• 6d · Net rental income or loss

  total $46,510 · excluded $46,510

• 7a · Gross sales of assets other than inventory

  securities $534,862 · other assets $2,500

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

  securities $552,121 · other assets $0

• 7c · Gain or loss

  securities -$17,259 · other assets $2,500

• 7d · Net gain or loss

  total -$14,759 · excluded -$14,759

• 10a · Gross sales of inventory

  $307,821

• 10b · Cost of goods sold

  $208,268

• 10c · Net income from sales of inventory

  total $99,553 · related or exempt $99,553

• 11a · Other revenue: MISCELLANEOUS

  total $65,768 · related or exempt $65,768

• 11b · Other revenue: MUSICAL AND DRAMA PRODUCTION

  total $47,494 · related or exempt $47,494

• 11c · Other revenue: VENDING MACHINE

  total $3,558 · related or exempt $3,558

• 11e · Other revenue, total

  $116,820

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $332,878 · management and general $332,878

• 7 · Other salaries and wages

  total $11,601,602 · program services $7,160,996 · management and general $3,955,465 · fundraising $485,141

• 8 · Pension plan contributions

  total $279,721 · program services $150,979 · management and general $119,895 · fundraising $8,847

• 9 · Other employee benefits

  total $1,120,755 · program services $726,591 · management and general $359,138 · fundraising $35,026

• 10 · Payroll taxes

  total $842,072 · program services $531,719 · management and general $277,730 · fundraising $32,623

• 11b · Fees: legal

  total $28,043 · management and general $28,043

• 11c · Fees: accounting

  total $44,575 · management and general $44,575

• 11f · Fees: investment management

  total $19,685 · management and general $19,685

• 11g · Fees: other

  total $119,448 · management and general $91,101 · fundraising $28,347

• 12 · Advertising and promotion

  total $82,603 · management and general $82,603

• 13 · Office expenses

  total $816,706 · program services $634,265 · management and general $137,417 · fundraising $45,024

• 16 · Occupancy

  total $802,406 · program services $480,829 · management and general $290,042 · fundraising $31,535

• 17 · Travel

  total $66,745 · management and general $66,745

• 19 · Conferences, conventions and meetings

  total $63,715 · program services $28,670 · fundraising $35,045

• 20 · Interest

  total $782,858 · program services $469,115 · management and general $282,976 · fundraising $30,767

• 22 · Depreciation, depletion and amortization

  total $1,657,206 · program services $1,005,036 · management and general $597,231 · fundraising $54,939

• 23 · Insurance

  total $323,812 · management and general $323,812

• 24a · Other expenses: SUMMER SCHOOL EXPENSES

  total $310,263 · program services $310,263

• 24b · Other expenses: MISCELLANEOUS

  total $99,725 · program services $63,350 · management and general $36,375

• 24c · Other expenses: LICENSES & FEES

  total $78,788 · management and general $78,788

• 24d · Other expenses: YEARBOOK & PHOTO EXPENS

  total $75,076 · program services $75,076

• 24e · All other expenses

  total $295,528 · program services $159,169 · management and general $136,359

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $599,211 · end of year $908,088

• 2 · Savings and temporary cash investments

  beginning of year $3,322,277 · end of year $3,886,758

• 3 · Pledges and grants receivable

  beginning of year $7,634,605 · end of year $9,173,962

• 4 · Accounts receivable

  beginning of year $145,622 · end of year $149,472

• 9 · Prepaid expenses and deferred charges

  beginning of year $357,023 · end of year $311,098

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

  $74,588,269

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

  $20,582,626

• 10c · Land, buildings and equipment, net

  beginning of year $55,030,495 · end of year $54,005,643

• 11 · Investments: publicly traded securities

  beginning of year $3,069,436 · end of year $3,447,134

• 15 · Other assets

  beginning of year $166,853 · end of year $184,433

• 17 · Accounts payable and accrued expenses

  beginning of year $331,054 · end of year $805,467

• 19 · Deferred revenue

  beginning of year $6,024,199 · end of year $6,160,253

• 23 · Secured mortgages and notes payable

  beginning of year $17,753,261 · end of year $16,921,062

• 25 · Other liabilities

  beginning of year $119,069 · end of year $159,875

• 27 · Net assets without donor restrictions

  beginning of year $35,334,512 · end of year $37,561,093

• 28 · Net assets with donor restrictions

  beginning of year $10,763,427 · end of year $10,458,838

The filer's explanations (Part III)

PART I, LINE 4B

THE HEAD OF SCHOOL, BARRETT MOSBACKER, PARTICIPATED IN A NON-QUALIFIED 457(B) RETIREMENT PLAN. THE ACADEMY CONTRIBUTED $18,900 TO THE PLAN DURING THE CURRENT YEAR. THE FAIR MARKET VALUE OF THE ASSETS IN THE PLAN TOTAL $159,875.