Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $30,590

• 1e · Government grants (contributions)

  $20,000

• 1f · All other contributions, gifts and grants

  $5,279,429

• 1g · Noncash contributions included above

  $483,257

• 2a · Program service revenue: TUITION INCOME

  total $30,018,100 · related or exempt $30,018,100

• 2b · Program service revenue: RIVERS SCHOOL CONSERVATORY

  total $3,046,844 · related or exempt $3,046,844

• 2c · Program service revenue: SCHOOL ACTIVITIES

  total $482,550 · related or exempt $482,550

• 2d · Program service revenue: SUMMER CAMPS

  total $477,434 · related or exempt $477,434

• 3 · Investment income

  total $485,044 · excluded $485,044

• 6a · Gross rents

  real property $73,422

• 6b · Less rental expenses

  real property $91,996

• 6c · Rental income or loss

  real property -$18,574

• 6d · Net rental income or loss

  total -$18,574 · excluded -$18,574

• 7a · Gross sales of assets other than inventory

  securities $45,807,570

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

  securities $43,539,167

• 7c · Gain or loss

  securities $2,268,403

• 7d · Net gain or loss

  total $2,268,403 · excluded $2,268,403

• 8a · Fundraising events: gross income

  $45,710

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

  $30,590

• 8b · Fundraising events: direct expenses

  $61,814

• 8c · Net income from fundraising events

  total -$16,104 · excluded -$16,104

• 9a · Gaming: gross income

  $3,955

• 9b · Gaming: direct expenses

  $362

• 9c · Net income from gaming

  total $3,593 · excluded $3,593

• 10a · Gross sales of inventory

  $80,768

• 10b · Cost of goods sold

  $79,305

• 10c · Net income from sales of inventory

  total $1,463 · related or exempt $1,463

• 11a · Other revenue: ATHLETIC FACILITY RENTS

  total $354,471 · unrelated business $354,471

• 11b · Other revenue: MISC. INCOME

  total $118,561 · related or exempt $118,561

• 11c · Other revenue: NEXTEL RENTAL

  total $37,174 · related or exempt $37,174

• 11e · Other revenue, total

  $510,206

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,030,196 · program services $7,030,196

• 5 · Compensation of officers, directors and key employees

  total $1,125,851 · program services $45,294 · management and general $754,896 · fundraising $325,661

• 7 · Other salaries and wages

  total $16,427,537 · program services $12,938,545 · management and general $2,446,456 · fundraising $1,042,536

• 8 · Pension plan contributions

  total $1,098,453 · program services $838,997 · management and general $186,295 · fundraising $73,161

• 9 · Other employee benefits

  total $1,758,572 · program services $1,327,969 · management and general $282,475 · fundraising $148,128

• 10 · Payroll taxes

  total $1,259,033 · program services $929,955 · management and general $234,104 · fundraising $94,974

• 11b · Fees: legal

  total $30,229 · management and general $30,229

• 11c · Fees: accounting

  total $70,300 · management and general $70,300

• 11e · Fees: professional fundraising services

  total $19,070 · fundraising $19,070

• 11f · Fees: investment management

  total $156,523 · management and general $156,523

• 11g · Fees: other

  total $26,740 · management and general $26,740

• 14 · Information technology

  total $336,694 · program services $252,520 · management and general $67,339 · fundraising $16,835

• 16 · Occupancy

  total $1,007,297 · program services $716,250 · management and general $266,629 · fundraising $24,418

• 20 · Interest

  total $358,361 · program services $358,361

• 22 · Depreciation, depletion and amortization

  total $3,474,606 · program services $3,049,994 · management and general $390,279 · fundraising $34,333

• 23 · Insurance

  total $323,641 · program services $232,934 · management and general $83,097 · fundraising $7,610

• 24a · Other expenses: LUNCH PROGRAM

  total $1,071,242 · program services $910,556 · management and general $107,124 · fundraising $53,562

• 24b · Other expenses: UTILITIES

  total $731,676 · program services $581,045 · management and general $137,993 · fundraising $12,638

• 24c · Other expenses: OTHER SCHOOL ACTIVITIES

  total $663,059 · program services $663,059

• 24d · Other expenses: RIVERS SCHOOL CONSERVAT

  total $483,373 · program services $370,857 · management and general $89,683 · fundraising $22,833

• 24e · All other expenses

  total $2,957,329 · program services $1,681,208 · management and general $820,109 · fundraising $456,012

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $21,939,976 · end of year $21,236,667

• 2 · Savings and temporary cash investments

  beginning of year $1,081,844 · end of year $240,374

• 3 · Pledges and grants receivable

  beginning of year $4,060,512 · end of year $2,830,491

• 4 · Accounts receivable

  beginning of year $188,344 · end of year $106,671

• 8 · Inventories for sale or use

  beginning of year $24,143 · end of year $81,632

• 9 · Prepaid expenses and deferred charges

  beginning of year $323,489 · end of year $474,862

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

  $96,312,072

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

  $42,863,478

• 10c · Land, buildings and equipment, net

  beginning of year $53,968,515 · end of year $53,448,594

• 11 · Investments: publicly traded securities

  beginning of year $8,002,752 · end of year $0

• 12 · Investments: other securities

  beginning of year $24,356,966 · end of year $39,971,197

• 15 · Other assets

  beginning of year $598,584 · end of year $637,124

• 17 · Accounts payable and accrued expenses

  beginning of year $2,386,660 · end of year $2,296,945

• 19 · Deferred revenue

  beginning of year $11,569,699 · end of year $12,140,281

• 23 · Secured mortgages and notes payable

  beginning of year $12,980,693 · end of year $13,949,248

• 25 · Other liabilities

  beginning of year $257,960 · end of year $379,299

• 27 · Net assets without donor restrictions

  beginning of year $64,320,443 · end of year $66,226,465

• 28 · Net assets with donor restrictions

  beginning of year $23,029,670 · end of year $24,035,374

The filer's explanations (Part III)

SCHEDULE J, PART I LINE 1A-HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE:

AS PART OF HIS DUTIES AS HEAD OF SCHOOL, EDWARD PARSONS IS REQUIRED TO STAY ON CAMPUS IN A SCHOOL OWNED HOUSE. INCLUDED IN MR. PARSONS' SCHEDULE J PART II COLUMN (D) NONTAXABLE BENEFITS IS AN AMOUNT FOR 5% OF THE VALUE OF THE HOUSE.