Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $770,826

• 1e · Government grants (contributions)

  $141,320

• 1f · All other contributions, gifts and grants

  $2,444,948

• 1g · Noncash contributions included above

  $53,500

• 2a · Program service revenue: TUITION AND FEES

  total $26,214,772 · related or exempt $26,214,772

• 2b · Program service revenue: FORFEITED DEPOSITS

  total $89,570 · related or exempt $89,570

• 2c · Program service revenue: APPLICATION FEES

  total $37,230 · related or exempt $37,230

• 3 · Investment income

  total $1,682,739 · excluded $1,682,739

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

  other assets $759

• 7c · Gain or loss

  other assets -$759

• 7d · Net gain or loss

  total -$759 · excluded -$759

• 8a · Fundraising events: gross income

  $15,625

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

  $770,826

• 8b · Fundraising events: direct expenses

  $96,252

• 8c · Net income from fundraising events

  total -$80,627 · excluded -$80,627

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,023,625 · program services $4,023,625

• 5 · Compensation of officers, directors and key employees

  total $1,482,960 · program services $709,130 · management and general $683,513 · fundraising $90,317

• 7 · Other salaries and wages

  total $11,312,151 · program services $9,648,896 · management and general $1,267,424 · fundraising $395,831

• 8 · Pension plan contributions

  total $604,920 · program services $505,875 · management and general $74,369 · fundraising $24,676

• 9 · Other employee benefits

  total $1,275,300 · program services $1,016,219 · management and general $207,226 · fundraising $51,855

• 10 · Payroll taxes

  total $1,030,613 · program services $834,312 · management and general $154,352 · fundraising $41,949

• 11b · Fees: legal

  total $20,049 · management and general $20,049

• 11c · Fees: accounting

  total $66,375 · management and general $66,375

• 11f · Fees: investment management

  total $68,859 · management and general $68,859

• 11g · Fees: other

  total $234,971 · program services $50,349 · management and general $176,699 · fundraising $7,923

• 12 · Advertising and promotion

  total $63,690 · program services $53,965 · management and general $6,539 · fundraising $3,186

• 13 · Office expenses

  total $1,596,127 · program services $1,390,461 · management and general $74,156 · fundraising $131,510

• 16 · Occupancy

  total $1,082,006 · program services $916,804 · management and general $111,081 · fundraising $54,121

• 17 · Travel

  total $97,863 · program services $97,120 · management and general $711 · fundraising $32

• 19 · Conferences, conventions and meetings

  total $302,596 · program services $231,619 · management and general $63,599 · fundraising $7,378

• 22 · Depreciation, depletion and amortization

  total $1,594,396 · program services $1,350,961 · management and general $163,684 · fundraising $79,751

• 24a · Other expenses: STUDENT ACTIVITIES

  total $385,925 · program services $362,675 · management and general $2,095 · fundraising $21,155

• 24b · Other expenses: BUS PASSES

  total $209,804 · program services $209,804

• 24c · Other expenses: DUES

  total $158,750 · program services $116,821 · management and general $40,480 · fundraising $1,449

• 24d · Other expenses: STRATEGIC PLANNING

  total $85,651 · program services $72,574 · management and general $8,793 · fundraising $4,284

• 24e · All other expenses

  total $153,322 · program services $47,503 · management and general $99,916 · fundraising $5,903

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,905,484 · end of year $2,977,134

• 2 · Savings and temporary cash investments

  beginning of year $16,280,741 · end of year $26,014,237

• 3 · Pledges and grants receivable

  beginning of year $8,562,601 · end of year $3,652,722

• 4 · Accounts receivable

  beginning of year $15,773,388 · end of year $17,693,167

• 9 · Prepaid expenses and deferred charges

  beginning of year $400,364 · end of year $352,245

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

  $81,629,140

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

  $24,589,089

• 10c · Land, buildings and equipment, net

  beginning of year $36,000,998 · end of year $57,040,051

• 11 · Investments: publicly traded securities

  beginning of year $17,013,222 · end of year $35,702,698

• 12 · Investments: other securities

  beginning of year $1,576,030 · end of year $612,156

• 15 · Other assets

  beginning of year $141,468 · end of year $148,479

• 17 · Accounts payable and accrued expenses

  beginning of year $2,896,318 · end of year $7,959,433

• 19 · Deferred revenue

  beginning of year $22,179,889 · end of year $24,963,677

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $32,443,706

• 23 · Secured mortgages and notes payable

  beginning of year $14,458,336 · end of year $0

• 25 · Other liabilities

  beginning of year $479,038 · end of year $401,655

• 27 · Net assets without donor restrictions

  beginning of year $54,291,577 · end of year $61,267,182

• 28 · Net assets with donor restrictions

  beginning of year $17,349,138 · end of year $17,157,236

The filer's explanations (Part III)

PART I, LINE 1A

RONNIE CODRINGTON CAZEAU, HEAD OF SCHOOL, HAD A DISCRETIONARY SPENDING ACCOUNT FOR SCHOOL RELATED EXPENSES. SHE WAS REIMBURSED FOR THESE EXPENSES UPON PROVIDING RECEIPTS. THESE PAYMENTS WERE NOT TREATED AS TAXABLE COMPENSATION.

PART I, LINE 7

THE BOARD OF DIRECTORS DETERMINED AND APPROVED THE BONUS FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINED AND APPROVED THE BONUSES FOR MEMBERS OF THE SENIOR LEADERSHIP TEAM.