Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $708,156

• 1f · All other contributions, gifts and grants

  $1,344,180

• 1g · Noncash contributions included above

  $67,817

• 2a · Program service revenue: STUDENT TUITION AND FEES

  total $56,763,453 · related or exempt $56,763,453

• 2b · Program service revenue: AUXILIARY SERVICES

  total $3,325,952 · related or exempt $3,325,952

• 2c · Program service revenue: FEES/FINANCE CHARGES

  total $82,884 · related or exempt $82,884

• 3 · Investment income

  total $1,169,547 · excluded $1,169,547

• 6a · Gross rents

  real property $285,372

• 6b · Less rental expenses

  real property $38,249

• 6c · Rental income or loss

  real property $247,123

• 6d · Net rental income or loss

  total $247,123 · excluded $247,123

• 10a · Gross sales of inventory

  $5,481

• 10b · Cost of goods sold

  $8,190

• 10c · Net income from sales of inventory

  total -$2,709 · excluded -$2,709

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $110,624 · excluded $110,624

• 11b · Other revenue: REFUNDS/REIMBURSEMENTS

  total $107,097 · excluded $107,097

• 11e · Other revenue, total

  $217,721

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $10,270,041 · program services $10,270,041

• 5 · Compensation of officers, directors and key employees

  total $2,732,041 · program services $2,034,757 · management and general $589,506 · fundraising $107,778

• 7 · Other salaries and wages

  total $26,143,045 · program services $23,924,411 · management and general $1,174,964 · fundraising $1,043,670

• 8 · Pension plan contributions

  total $1,399,983 · program services $1,281,161 · management and general $62,313 · fundraising $56,509

• 9 · Other employee benefits

  total $3,382,483 · program services $3,069,649 · management and general $176,666 · fundraising $136,168

• 10 · Payroll taxes

  total $1,980,208 · program services $1,783,257 · management and general $117,871 · fundraising $79,080

• 11b · Fees: legal

  total $145,471 · management and general $145,471

• 11c · Fees: accounting

  total $79,230 · management and general $79,230

• 11g · Fees: other

  total $741,943 · program services $157,439 · management and general $427,504 · fundraising $157,000

• 12 · Advertising and promotion

  total $19,280 · program services $1,928 · management and general $15,425 · fundraising $1,927

• 13 · Office expenses

  total $580,991 · program services $493,891 · management and general $50,337 · fundraising $36,763

• 14 · Information technology

  total $1,101,609 · program services $792,930 · management and general $210,221 · fundraising $98,458

• 16 · Occupancy

  total $1,129,446 · program services $958,786 · management and general $136,768 · fundraising $33,892

• 17 · Travel

  total $2,693,810 · program services $2,690,244 · management and general $1,783 · fundraising $1,783

• 20 · Interest

  total $709,498 · program services $532,123 · management and general $141,900 · fundraising $35,475

• 22 · Depreciation, depletion and amortization

  total $3,021,110 · program services $2,265,833 · management and general $604,222 · fundraising $151,055

• 23 · Insurance

  total $526,977 · program services $395,233 · management and general $105,395 · fundraising $26,349

• 24a · Other expenses: INSTRUCTIONAL EXPENSES

  total $3,955,735 · program services $3,955,735

• 24b · Other expenses: REPAIR AND MAINTENANCE

  total $1,106,745 · program services $931,988 · management and general $130,583 · fundraising $44,174

• 24c · Other expenses: SCHOOLWIDE EVENTS

  total $407,688 · program services $107,519 · management and general $51,256 · fundraising $248,913

• 24d · Other expenses: PROFESSIONAL DEVELOPMEN

  total $350,565 · program services $315,508 · management and general $35,057

• 24e · All other expenses

  total $323,816 · program services $55,002 · management and general $256,041 · fundraising $12,773

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,863,633 · end of year $461,244

• 2 · Savings and temporary cash investments

  beginning of year $190,331 · end of year $17,129,560

• 3 · Pledges and grants receivable

  beginning of year $35,000 · end of year $35,870

• 4 · Accounts receivable

  beginning of year $394,144 · end of year $403,941

• 9 · Prepaid expenses and deferred charges

  beginning of year $716,093 · end of year $741,976

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

  $98,442,129

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

  $38,617,426

• 10c · Land, buildings and equipment, net

  beginning of year $51,978,148 · end of year $59,824,703

• 11 · Investments: publicly traded securities

  beginning of year $24,985,206 · end of year $29,082,847

• 15 · Other assets

  beginning of year $426,896 · end of year $285,705

• 17 · Accounts payable and accrued expenses

  beginning of year $3,899,754 · end of year $6,017,050

• 19 · Deferred revenue

  beginning of year $9,829,337 · end of year $10,156,113

• 20 · Tax-exempt bond liabilities

  beginning of year $26,912,360 · end of year $32,315,952

• 23 · Secured mortgages and notes payable

  beginning of year $1,880,356 · end of year $1,847,542

• 25 · Other liabilities

  beginning of year $337,899 · end of year $215,500

• 27 · Net assets without donor restrictions

  beginning of year $45,785,758 · end of year $48,294,154

• 28 · Net assets with donor restrictions

  beginning of year $7,943,987 · end of year $9,119,536

The filer's explanations (Part III)

PART I, LINE 1A

AS A CONDITION OF HER EMPLOYMENT, LISA WALLER, THE HEAD OF SCHOOL, MUST MAINTAIN A RESIDENCE WITHIN WALKING DISTANCE OF THE SCHOOL. THE SCHOOL PROVIDED HER WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $126,000 WHICH IS NON-TAXABLE.

PART I, LINE 4B

LISA WALLER, HEAD OF SCHOOL, PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER IRC 457(F). THE SCHOOL CONTRIBUTED $19,754 TO HER DURING CALENDAR YEAR 2023.