Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $48,650

• 1f · All other contributions, gifts and grants

  $17,184,643

• 1g · Noncash contributions included above

  $1,266,203

• 2a · Program service revenue: INSTRUCTIONAL GRADES 1 - 12

  total $31,466,516 · related or exempt $31,466,516

• 2b · Program service revenue: STUDENT ACTIVITIES

  total $760,278 · related or exempt $760,278

• 2c · Program service revenue: ADMISSIONS REVENUE

  total $237,800 · related or exempt $237,800

• 2d · Program service revenue: EXTENDED DAY PROGRAM

  total $202,664 · related or exempt $202,664

• 3 · Investment income

  total $6,083,970 · excluded $6,083,970

• 7a · Gross sales of assets other than inventory

  securities $23,779,313

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

  securities $24,000,424

• 7c · Gain or loss

  securities -$221,111

• 7d · Net gain or loss

  total -$221,111 · excluded -$221,111

• 8a · Fundraising events: gross income

  $127,392

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

  $48,650

• 8b · Fundraising events: direct expenses

  $113,426

• 8c · Net income from fundraising events

  total $13,966 · excluded $13,966

• 9a · Gaming: gross income

  $42,050

• 9b · Gaming: direct expenses

  $60,000

• 9c · Net income from gaming

  total -$17,950 · excluded -$17,950

• 10a · Gross sales of inventory

  $540,952

• 10b · Cost of goods sold

  $619,573

• 10c · Net income from sales of inventory

  total -$78,621 · excluded -$78,621

• 11a · Other revenue: MISCELLANEOUS

  total $21,712 · related or exempt $21,712

• 11b · Other revenue: FORFEITED DEPOSITS

  total $7,630 · related or exempt $7,630

• 11c · Other revenue: UBIT K-1 INCOME

  total -$80,252 · unrelated business -$80,252

• 11e · Other revenue, total

  -$50,910

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,421,261 · program services $3,421,261

• 5 · Compensation of officers, directors and key employees

  total $2,378,768 · program services $1,115,653 · management and general $1,159,532 · fundraising $103,583

• 7 · Other salaries and wages

  total $20,013,394 · program services $17,321,402 · management and general $1,568,400 · fundraising $1,123,592

• 8 · Pension plan contributions

  total $1,218,395 · program services $1,023,171 · management and general $132,480 · fundraising $62,744

• 9 · Other employee benefits

  total $2,018,999 · program services $1,610,238 · management and general $259,257 · fundraising $149,504

• 10 · Payroll taxes

  total $1,497,530 · program services $1,199,932 · management and general $218,842 · fundraising $78,756

• 11c · Fees: accounting

  total $80,985 · management and general $80,985

• 11e · Fees: professional fundraising services

  total $55,900 · fundraising $55,900

• 11f · Fees: investment management

  total $836,506 · management and general $836,506

• 11g · Fees: other

  total $1,807,956 · program services $1,320,455 · management and general $450,484 · fundraising $37,017

• 12 · Advertising and promotion

  total $36,761 · program services $29,083 · fundraising $7,678

• 13 · Office expenses

  total $1,049,286 · program services $683,870 · management and general $266,368 · fundraising $99,048

• 14 · Information technology

  total $837,638 · program services $805,193 · management and general $28,592 · fundraising $3,853

• 16 · Occupancy

  total $1,588,492 · program services $1,276,687 · management and general $300,111 · fundraising $11,694

• 17 · Travel

  total $523,580 · program services $422,499 · management and general $63,652 · fundraising $37,429

• 19 · Conferences, conventions and meetings

  total $9,847 · fundraising $9,847

• 20 · Interest

  total $51,395 · program services $32,872 · management and general $15,075 · fundraising $3,448

• 22 · Depreciation, depletion and amortization

  total $4,885,709 · program services $4,534,849 · management and general $309,119 · fundraising $41,741

• 23 · Insurance

  total $966,016 · program services $896,830 · management and general $60,971 · fundraising $8,215

• 24a · Other expenses: AUXILLIARY SERVICES

  total $2,605,385 · program services $2,605,385

• 24b · Other expenses: SPECIAL EVENTS

  total $844,342 · program services $462,170 · management and general $180,610 · fundraising $201,562

• 24c · Other expenses: EDUCATIONAL SUPPLIES

  total $437,309 · program services $437,126 · management and general $183

• 24d · Other expenses: EMPLOYEE EXPENSES

  total $255,307 · program services $249,849 · management and general $5,458

• 24e · All other expenses

  total $947,548 · program services $258,694 · management and general $671,296 · fundraising $17,558

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,484,286 · end of year $22,117,373

• 2 · Savings and temporary cash investments

  beginning of year $47,086,087 · end of year $26,361,741

• 3 · Pledges and grants receivable

  beginning of year $36,176,651 · end of year $35,361,636

• 4 · Accounts receivable

  beginning of year $19,804,006 · end of year $22,385,733

• 8 · Inventories for sale or use

  beginning of year $447,642 · end of year $432,120

• 9 · Prepaid expenses and deferred charges

  beginning of year $164,562 · end of year $59,662

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

  $179,577,225

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

  $66,430,996

• 10c · Land, buildings and equipment, net

  beginning of year $80,577,841 · end of year $113,146,229

• 11 · Investments: publicly traded securities

  beginning of year $130,863,125 · end of year $139,416,428

• 12 · Investments: other securities

  beginning of year $33,337,471 · end of year $41,931,114

• 15 · Other assets

  beginning of year $695,522 · end of year $763,794

• 17 · Accounts payable and accrued expenses

  beginning of year $6,078,065 · end of year $11,219,516

• 19 · Deferred revenue

  beginning of year $29,290,768 · end of year $30,011,260

• 20 · Tax-exempt bond liabilities

  beginning of year $2,305,834 · end of year $2,044,103

• 27 · Net assets without donor restrictions

  beginning of year $101,285,799 · end of year $99,157,240

• 28 · Net assets with donor restrictions

  beginning of year $227,676,727 · end of year $259,543,711

The filer's explanations (Part III)

PART I, LINE 1A

BENEFITS PROVIDED TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES ALL THE BENEFITS CHECKED IN PART 1, LINE 1A ARE PROVIDED TO DAVID DINI, HEADMASTER. THE SCHOOL PROVIDES A HOUSE ADJACENT TO CAMPUS AND PAYS FOR UTILITIES AND MAINTENANCE OF THE HOUSE INCLUDING THE SERVICES OF A HOUSEKEEPER. THE PROVIDED HOUSING IS A CONDITION OF HIS EMPLOYMENT, AND THE HOUSING BENEFITS ARE FOR THE CONVENIENCE OF THE SCHOOL. THE VALUE OF THE BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION BECAUSE IT MEETS THE CRITERIA FOR EXCLUSION UNDER IRC SECTION 119. IN ADDITION, DAVID DINI RECEIVED AN AUTOMOBILE ALLOWANCE, WHICH IS REPORTED IN HIS TAXABLE COMPENSATION.