Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $106,161

• 1f · All other contributions, gifts and grants

  $2,672,117

• 2a · Program service revenue: TUITION & FEES

  total $22,845,215 · related or exempt $22,845,215

• 2b · Program service revenue: AUXILIARY SERVICES

  total $1,256,663 · related or exempt $1,256,663

• 3 · Investment income

  total $526,455 · excluded $526,455

• 7a · Gross sales of assets other than inventory

  securities $13,459,474

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

  securities $13,975,910

• 7c · Gain or loss

  securities -$516,436

• 7d · Net gain or loss

  total -$516,436 · excluded -$516,436

• 8a · Fundraising events: gross income

  $221,497

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

  $106,161

• 8b · Fundraising events: direct expenses

  $123,443

• 8c · Net income from fundraising events

  total $98,054 · excluded $98,054

• 11a · Other revenue: OTHER REVENUE

  total $257,935 · excluded $257,935

• 11e · Other revenue, total

  $257,935

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,604,015 · program services $2,604,015

• 5 · Compensation of officers, directors and key employees

  total $659,665 · program services $139,015 · management and general $381,635 · fundraising $139,015

• 7 · Other salaries and wages

  total $10,815,934 · program services $10,056,898 · management and general $498,642 · fundraising $260,394

• 8 · Pension plan contributions

  total $683,991 · program services $659,532 · management and general $7,238 · fundraising $17,221

• 9 · Other employee benefits

  total $1,936,575 · program services $1,924,613 · management and general $9,614 · fundraising $2,348

• 10 · Payroll taxes

  total $827,378 · program services $736,975 · management and general $61,664 · fundraising $28,739

• 11b · Fees: legal

  total $3,435 · management and general $3,435

• 11c · Fees: accounting

  total $51,725 · management and general $51,725

• 11g · Fees: other

  total $25,815 · program services $25,815

• 12 · Advertising and promotion

  total $124,997 · management and general $124,997

• 13 · Office expenses

  total $204,843 · management and general $204,843

• 14 · Information technology

  total $401,342 · program services $343,985 · management and general $57,357

• 16 · Occupancy

  total $1,183,349 · program services $1,176,571 · management and general $3,389 · fundraising $3,389

• 17 · Travel

  total $13,804 · program services $13,804

• 19 · Conferences, conventions and meetings

  total $53,444 · program services $29,345 · management and general $24,099

• 22 · Depreciation, depletion and amortization

  total $1,127,326 · program services $1,104,780 · management and general $11,273 · fundraising $11,273

• 23 · Insurance

  total $149,523 · program services $146,533 · management and general $1,495 · fundraising $1,495

• 24a · Other expenses: STUDENT PROGRAMS

  total $1,877,472 · program services $1,877,472

• 24b · Other expenses: LUNCH

  total $967,208 · program services $967,208

• 24c · Other expenses: ATHLETICS

  total $358,567 · program services $358,567

• 24d · Other expenses: OTHER EXPENSES-MNGMNT-9

  total $321,073 · management and general $321,073

• 24e · All other expenses

  total $174,706 · program services $110,863 · fundraising $63,843

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,799,709 · end of year $1,623,993

• 2 · Savings and temporary cash investments

  beginning of year $152,570 · end of year $7,284,442

• 3 · Pledges and grants receivable

  beginning of year $3,808,136 · end of year $3,799,020

• 4 · Accounts receivable

  beginning of year $100,617 · end of year $206,041

• 8 · Inventories for sale or use

  beginning of year $62,980 · end of year $56,038

• 9 · Prepaid expenses and deferred charges

  beginning of year $288,475 · end of year $304,356

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

  $44,955,807

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

  $19,044,701

• 10c · Land, buildings and equipment, net

  beginning of year $17,536,110 · end of year $25,911,106

• 11 · Investments: publicly traded securities

  beginning of year $19,510,505 · end of year $21,164,817

• 12 · Investments: other securities

  beginning of year $4,344,125 · end of year $4,679,451

• 15 · Other assets

  beginning of year $54,018 · end of year $54,691

• 17 · Accounts payable and accrued expenses

  beginning of year $2,158,991 · end of year $4,226,782

• 19 · Deferred revenue

  beginning of year $6,260,051 · end of year $7,141,493

• 20 · Tax-exempt bond liabilities

  beginning of year $3,692,742 · end of year $10,016,108

• 27 · Net assets without donor restrictions

  beginning of year $30,987,139 · end of year $34,242,563

• 28 · Net assets with donor restrictions

  beginning of year $8,558,322 · end of year $9,457,009

The filer's explanations (Part III)

REIMBURSEMENT POLICY

THE SCHOOL HAS AN EXPENSE REIMBURSEMENT POLICY IN PLACE FOR ALL EMPLOYEES, INCLUDING OFFICERS. THESE PROCEDURES REQUIRE ADEQUATE SUPPORTING DOCUMENTATION AND APPROVAL.

SCHEDULE J, PART II LINE 1, COLUMN D

AS A CONDITION OF EMPLOYMENT, THE HEAD OF SCHOOL IS REQUIRED TO RESIDE IN A HOUSE LOCATED ON THE SCHOOL PREMISES. NONTAXABLE BENEFITS LISTED FOR THE HEAD OF SCHOOL REFLECT THIS HOUSING VALUE. SECTION 119 OF THE INTERNAL REVENUE CODE IS REVIEWED TO DETERMINE APPLICABILITY AND COMPLIANCE WITH THIS SECTION.