Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $300,886

• 1f · All other contributions, gifts and grants

  $2,835,147

• 1g · Noncash contributions included above

  $292,066

• 2a · Program service revenue: TUITION AND FEES

  total $23,532,693 · related or exempt $23,532,693

• 2b · Program service revenue: SPECIAL EVENTS

  total $1,119,691 · related or exempt $1,119,691

• 3 · Investment income

  total $1,981,578 · excluded $1,981,578

• 7a · Gross sales of assets other than inventory

  securities $8,011,478 · other assets $1,533,294

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

  securities $7,740,511 · other assets $5,888

• 7c · Gain or loss

  securities $270,967 · other assets $1,527,406

• 7d · Net gain or loss

  total $1,798,373 · excluded $1,798,373

• 8a · Fundraising events: gross income

  $100,299

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

  $300,886

• 8b · Fundraising events: direct expenses

  $161,525

• 8c · Net income from fundraising events

  total -$61,226 · excluded -$61,226

• 10a · Gross sales of inventory

  $105,921

• 10b · Cost of goods sold

  $68,372

• 10c · Net income from sales of inventory

  total $37,549 · related or exempt $37,549

• 11a · Other revenue: ISAACS ART GALLERY

  total $391,722 · unrelated business $391,722

• 11b · Other revenue: OTHER INCOME

  total $635 · related or exempt $635

• 11e · Other revenue, total

  $392,357

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,737,006 · program services $3,737,006

• 5 · Compensation of officers, directors and key employees

  total $513,061 · program services $153,918 · management and general $307,837 · fundraising $51,306

• 7 · Other salaries and wages

  total $11,894,838 · program services $9,813,074 · management and general $1,688,351 · fundraising $393,413

• 8 · Pension plan contributions

  total $993,279 · program services $804,074 · management and general $162,837 · fundraising $26,368

• 9 · Other employee benefits

  total $4,046,980 · program services $3,321,735 · management and general $603,755 · fundraising $121,490

• 10 · Payroll taxes

  total $871,083 · program services $694,622 · management and general $143,539 · fundraising $32,922

• 11b · Fees: legal

  total $335,183 · management and general $335,183

• 11c · Fees: accounting

  total $36,335 · management and general $36,335

• 11f · Fees: investment management

  total $152,703 · management and general $152,703

• 11g · Fees: other

  total $399,974 · program services $48,248 · management and general $351,726

• 12 · Advertising and promotion

  total $131,246 · program services $76,790 · management and general $45,657 · fundraising $8,799

• 13 · Office expenses

  total $1,554,908 · program services $740,811 · management and general $759,089 · fundraising $55,008

• 16 · Occupancy

  total $1,397,113 · program services $1,311,390 · management and general $76,638 · fundraising $9,085

• 17 · Travel

  total $171,529 · program services $49,364 · management and general $113,750 · fundraising $8,415

• 19 · Conferences, conventions and meetings

  total $74,336 · management and general $74,336

• 20 · Interest

  total $77,495 · management and general $77,495

• 22 · Depreciation, depletion and amortization

  total $1,497,334 · program services $1,422,468 · management and general $74,866

• 24a · Other expenses: FOOD SERVICES

  total $1,635,942 · program services $1,628,834 · management and general $7,108

• 24b · Other expenses: STUDENT ACTIVITIES

  total $750,749 · program services $750,749

• 24c · Other expenses: ART CENTER OPERATIONS

  total $449,687 · program services $445,190 · management and general $4,497

• 24d · Other expenses: OTHER EXPENSES

  total $280,737 · program services $39,275 · management and general $180,763 · fundraising $60,699

• 24e · All other expenses

  total $199,591 · program services $7,175 · management and general $192,416

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,630,886 · end of year $1,367,728

• 2 · Savings and temporary cash investments

  beginning of year $1,954,031 · end of year $2,509,721

• 3 · Pledges and grants receivable

  beginning of year $1,240,950

• 4 · Accounts receivable

  beginning of year $107,682 · end of year $97,880

• 8 · Inventories for sale or use

  beginning of year $2,465,283 · end of year $2,463,771

• 9 · Prepaid expenses and deferred charges

  beginning of year $346,781 · end of year $209,489

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

  $81,795,746

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

  $31,202,344

• 10c · Land, buildings and equipment, net

  beginning of year $49,670,627 · end of year $50,593,402

• 11 · Investments: publicly traded securities

  beginning of year $25,237,608 · end of year $28,920,513

• 15 · Other assets

  beginning of year $61,645,724 · end of year $64,485,223

• 17 · Accounts payable and accrued expenses

  beginning of year $2,673,247 · end of year $2,830,260

• 19 · Deferred revenue

  beginning of year $5,033,858 · end of year $7,027,686

• 23 · Secured mortgages and notes payable

  beginning of year $3,049,751 · end of year $2,555,133

• 24 · Unsecured notes and loans payable

  beginning of year $1,880,000

• 27 · Net assets without donor restrictions

  beginning of year $48,537,379 · end of year $44,828,166

• 28 · Net assets with donor restrictions

  beginning of year $83,125,337 · end of year $93,406,482

The filer's explanations (Part III)

PART I, LINE 1A

THE HEAD OF SCHOOL RESIDES ON CAMPUS AS A CONDITION OF EMPLOYMENT.