Totals
- Total revenue
- $4,584,783
- Total expenses
- $3,707,766
- Contributions and grants received
- $1,539,107
- Grants paid
- $0
- Program service revenue
- $2,956,788
- Investment income
- $0
- Other revenue
- $88,888
- Total assets, end of year
- $3,363,976
- Total liabilities, end of year
- $7,467,318
- Net assets or fund balances, end of year
- -$4,103,342
- Program services expenses (Part IX)
- $2,993,545
- Management and general expenses
- $706,660
- Fundraising expenses
- $7,561
- Program service expenses (Part III)
- $2,993,545
Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,527,815
-
1f · All other contributions, gifts and grants
$11,292
-
2a · Program service revenue: TUITION & OTHER STUDENT FEES
total $2,791,600 · related or exempt $2,791,600
-
2b · Program service revenue: ADMINISTRATIVE & OTHER
total $165,188 · related or exempt $165,188
-
8a · Fundraising events: gross income
$119,050
-
8b · Fundraising events: direct expenses
$30,162
-
8c · Net income from fundraising events
total $88,888
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $251,651 · management and general $251,651
-
7 · Other salaries and wages
total $1,378,859 · program services $1,187,165 · management and general $191,694
-
8 · Pension plan contributions
total $35,393 · management and general $35,393
-
9 · Other employee benefits
total $79,513 · program services $70,073 · management and general $9,440
-
10 · Payroll taxes
total $115,907 · program services $86,375 · management and general $29,532
-
11b · Fees: legal
total $63,639 · management and general $63,639
-
11g · Fees: other
total $25,319 · management and general $25,319
-
12 · Advertising and promotion
total $29,053 · program services $5,373 · management and general $16,119 · fundraising $7,561
-
13 · Office expenses
total $1,916 · program services $1,725 · management and general $191
-
14 · Information technology
total $33,206 · program services $29,885 · management and general $3,321
-
16 · Occupancy
total $545,841 · program services $518,549 · management and general $27,292
-
22 · Depreciation, depletion and amortization
total $101,764 · program services $96,676 · management and general $5,088
-
23 · Insurance
total $116,843 · program services $111,000 · management and general $5,843
-
24a · Other expenses: STUDENT ACTIVITIES
total $410,120 · program services $410,120
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $235,326 · program services $223,560 · management and general $11,766
-
24c · Other expenses: STUDENT SUPPLIES & EXP
total $131,052 · program services $131,052
-
24d · Other expenses: CONTRACTORS
total $85,543 · program services $83,662 · management and general $1,881
-
24e · All other expenses
total $66,821 · program services $38,330 · management and general $28,491
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $189,121 · end of year $651,384
-
4 · Accounts receivable
beginning of year $1,879,231 · end of year $1,562,343
-
10a · Land, buildings and equipment: cost or other basis
$4,906,901
-
10b · Land, buildings and equipment: accumulated depreciation
$3,756,652
-
10c · Land, buildings and equipment, net
beginning of year $1,252,012 · end of year $1,150,249
-
17 · Accounts payable and accrued expenses
beginning of year $276,412 · end of year $97,782
-
19 · Deferred revenue
beginning of year $134,400 · end of year $132,050
-
22 · Loans and payables to officers and key people
beginning of year $342,447 · end of year $256,777
-
23 · Secured mortgages and notes payable
beginning of year $7,242,541 · end of year $6,760,709
-
25 · Other liabilities
beginning of year $304,923 · end of year $220,000
-
27 · Net assets without donor restrictions
beginning of year -$4,980,359 · end of year -$4,103,342
Mission and programs · 2022
Mission
A COLLEGE PREPARATORY SCHOOL WHICH PROVIDES DIVERSE STUDENT BODY WITH A NURTURING, COMPREHENSIVE & CHALLENGING PROGRAM OF STUDIES AND ACTIVITIES IN A SAFE, CARING & SECURE ENVIRONMENT. THE FOCUS OF THE INSTRUCTIONAL & SUPPORT PROGRAM OFFERED IS ON THE INDIVIDUAL STUDENT.
Activities or mission (Part I)
A COLLEGE PREPARATORY SCHOOL WHICH PROVIDES DIVERSE STUDENT BODY WITH A NURTURING, COMPREHENSIVE & CHALLENGING PROGRAM OF STUDIES AND ACTIVITIES IN A SAFE, CARING & SECURE ENVIRONMENT.
-
EXEMPT PURPOSE IS EDUCATIONAL SERCVICES. ADELPHI ACADEMY IS A PRIVATE SCHOOL WHICH SERVICES PRE K TO GRADE 12.
Expenses $2,993,545 · Revenue $2,956,788
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Iphigenia RomanosIPHIGENIA ROMANOS
HEAD OF SCHO
- Total calculated
- $238,311
- From this org
- $203,015
- From related orgs
- $0
- Other
- $35,296
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $203,015
- Bonus
- not reported
- Other
- not reported
- Deferred
- $21,188
- Nontaxable benefits
- $14,108
- Filer's total
- $238,311
-
Albert C CorhanALBERT C CORHAN
DIR OF OPERA
- Total calculated
- $212,882
- From this org
- $183,395
- From related orgs
- $0
- Other
- $29,487
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $183,395
- Bonus
- not reported
- Other
- not reported
- Deferred
- $21,188
- Nontaxable benefits
- $8,299
- Filer's total
- $212,882
-
Emil CafieroEMIL CAFIERO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Iris IglesiasIRIS IGLESIAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Amable MiesesAMABLE MIESES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joseph MureJOSEPH MURE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rudy SavianoRUDY SAVIANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 October 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422999349301827
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