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← ALEXANDER DAWSON FOUNDATION

Form 990 for tax year 2023

Filed by ALEXANDER DAWSON FOUNDATION.

Totals

Total revenue
$49,457,198
Total expenses
$43,837,727
Contributions and grants received
$995,864
Grants paid
$3,527,860
Program service revenue
$35,044,228
Investment income
$7,214,263
Other revenue
$6,202,843
Total assets, end of year
$341,151,563
Total liabilities, end of year
$51,241,785
Net assets or fund balances, end of year
$289,909,778
Program services expenses (Part IX)
$31,030,287
Management and general expenses
$12,085,834
Fundraising expenses
$721,606
Program service expenses (Part III)
$31,030,287

Program services were 70.8% 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.

  • 1c · Fundraising events

    $70,791

  • 1f · All other contributions, gifts and grants

    $925,073

  • 1g · Noncash contributions included above

    $106,078

  • 2a · Program service revenue: TUITION & FEES

    total $33,045,988 · related or exempt $33,045,988

  • 2b · Program service revenue: OTHER PROGRAM FEES

    total $1,998,240 · related or exempt $1,998,240

  • 3 · Investment income

    total $3,728,886 · excluded $3,728,886

  • 6a · Gross rents

    real property $15,697

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,697

  • 6d · Net rental income or loss

    total $15,697 · excluded $15,697

  • 7a · Gross sales of assets other than inventory

    securities $40,167,499

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

    securities $36,682,122

  • 7c · Gain or loss

    securities $3,485,377

  • 7d · Net gain or loss

    total $3,485,377 · excluded $3,485,377

  • 8a · Fundraising events: gross income

    $526,159

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

    $70,791

  • 8b · Fundraising events: direct expenses

    $195,482

  • 8c · Net income from fundraising events

    total $330,677 · excluded $330,677

  • 11a · Other revenue: INCOME/DISTRIBUTIONS FROM PARTNER

    total $5,586,220 · excluded $5,586,220

  • 11b · Other revenue: MISCELLANEOUS

    total $270,249 · excluded $270,249

  • 11e · Other revenue, total

    $5,856,469

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,527,860 · program services $3,527,860

  • 5 · Compensation of officers, directors and key employees

    total $361,000 · management and general $361,000

  • 7 · Other salaries and wages

    total $19,042,142 · program services $15,132,044 · management and general $3,540,241 · fundraising $369,857

  • 8 · Pension plan contributions

    total $873,432 · program services $673,169 · management and general $188,187 · fundraising $12,076

  • 9 · Other employee benefits

    total $1,981,619 · program services $1,651,170 · management and general $314,172 · fundraising $16,277

  • 10 · Payroll taxes

    total $1,469,696 · program services $1,178,948 · management and general $261,860 · fundraising $28,888

  • 11a · Fees: management

    total $1,803,000 · management and general $1,803,000

  • 11b · Fees: legal

    total $806,039 · management and general $806,039

  • 11c · Fees: accounting

    total $211,260 · management and general $211,260

  • 11f · Fees: investment management

    total $357,955 · management and general $357,955

  • 11g · Fees: other

    total $341,821 · program services $222,540 · management and general $119,281

  • 12 · Advertising and promotion

    total $315,916 · program services $10,376 · management and general $305,540

  • 13 · Office expenses

    total $694,221 · program services $334,448 · management and general $347,050 · fundraising $12,723

  • 14 · Information technology

    total $624,413 · program services $115,111 · management and general $509,302

  • 16 · Occupancy

    total $793,068 · program services $753,611 · management and general $39,457

  • 19 · Conferences, conventions and meetings

    total $583,926 · program services $326,129 · management and general $257,609 · fundraising $188

  • 20 · Interest

    total $1,214,461 · program services $1,214,461

  • 22 · Depreciation, depletion and amortization

    total $3,402,312 · program services $3,402,312

  • 23 · Insurance

    total $538,284 · program services $53,186 · management and general $485,098

  • 24a · Other expenses: FOOD EXPENSES

    total $1,746,974 · program services $1,738,702 · management and general $8,272

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,339,885 · program services $1,276,787 · management and general $63,098

  • 24c · Other expenses: SCHOOL EXPENSES

    total $521,258 · program services $479,418 · management and general $41,840

  • 24d · Other expenses: ALLOCATION OF PLANT EXP

    total $0 · program services -$1,833,924 · management and general $1,631,929 · fundraising $201,995

  • 24e · All other expenses

    total $1,287,185 · program services $773,939 · management and general $433,644 · fundraising $79,602

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,756,842 · end of year $15,493,620

  • 4 · Accounts receivable

    beginning of year $1,157 · end of year $16,490

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,122,025 · end of year $586,346

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

    $112,576,722

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

    $61,419,902

  • 10c · Land, buildings and equipment, net

    beginning of year $51,855,462 · end of year $51,156,820

  • 11 · Investments: publicly traded securities

    beginning of year $8,897,489 · end of year $6,153,079

  • 12 · Investments: other securities

    beginning of year $245,686,613 · end of year $266,088,516

  • 15 · Other assets

    beginning of year $1,074,484 · end of year $1,656,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,952,533 · end of year $3,506,524

  • 19 · Deferred revenue

    beginning of year $106,779 · end of year $56,909

  • 20 · Tax-exempt bond liabilities

    beginning of year $32,061,605 · end of year $29,482,335

  • 25 · Other liabilities

    beginning of year $17,168,935 · end of year $18,196,017

  • 27 · Net assets without donor restrictions

    beginning of year $257,893,590 · end of year $280,655,333

  • 28 · Net assets with donor restrictions

    beginning of year $8,210,630 · end of year $9,254,445

Mission and programs · 2023

Mission

THE MISSION OF THE ALEXANDER DAWSON FOUNDATION IS TO ESTABLISH, OPERATE AND MAINTAIN AN EDUCATIONAL ORGANIZATION THAT WILL PROVIDE STUDENTS WITH THE HIGHEST QUALITY EDUCATION, NURTURE FUTURE LEADERS, PREPARE YOUNG ADULTS TO EXCEL IN COLLEGE AND SOCIETY, AND DEVELOP THE SELF-RESPECT, SELF-DISCIPLINE, AND SELF-RELIANCE OF EACH STUDENT BY STRESSING THE VALUE OF HARD WORK AND PERSONAL RESPONSIBILITY AND RESPECT FOR AUTHORITY.

Activities or mission (Part I)

ALEXANDER DAWSON FOUNDATION, A NEVADA CHARITABLE TRUST, WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, ITS MISSION IS TO ESTABLISH, OPERATE AND MAINTAIN AN EDUCATIONAL ORGANIZATION THAT PROVIDES STUDENTS WITH THE HIGHEST QUALITY OF ACADEMIC INSTRUCTION.

  • THE ALEXANDER DAWSON SCHOOL IN BOULDER COUNTY, COLORADO, A $67 MILLION FACILITY BUILT BY THE ALEXANDER DAWSON FOUNDATION IN 1970, PROVIDES CHALLENGING AND RELEVANT LEARNING TO 518 STUDENTS IN KINDERGARTEN THROUGH GRADE 12 TO BECOME CREATIVE, RESILIENT PROBLEM-SOLVERS WHO BRING THEIR BEST TO THE WORLD.DURING THE 2023-2024 SCHOOL YEAR, THE SCHOOL PROVIDED $2,004,056 IN FINANCIAL AID TO 83 DESERVING AND TALENTED STUDENTS WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO AFFORD A DAWSON EDUCATION. IN JUNE 2024, THE SCHOOL AWARDED DIPLOMAS TO 58 GRADUATES, WHO WERE ACCEPTED TO SUCH COLLEGES AS CORNELL UNIVERSITY, LOYOLA MARYMOUNT UNIVERSITY, SANTA CLARA UNIVERSITY, UNIVERSITY OF COLORADO, AND WILLAMETTE UNIVERSITY AND WERE OFFERED $7.68 MILLION IN SCHOLARSHIPS. IN ADDITION, THE SCHOOL OWNED AND OPERATED A SUMMER CAMP, OPEN TO THE PUBLIC, IN 2023-2024 THAT OFFERED INSTRUCTION IN SPORTS, ARTS, TECHNOLOGY, SPECIALTY CAMPS AND MORE FOR 2,042 BOYS AND GIRLS.

    Expenses $16,742,421 · Grants $2,004,056 · Revenue $18,362,962

  • THE ALEXANDER DAWSON SCHOOL AT RAINBOW MOUNTAIN IN LAS VEGAS, NEVADA, A $46 MILLION FACILITY BUILT BY THE ALEXANDER DAWSON FOUNDATION IN 2000, PROVIDES A NURTURING LEARNING COMMUNITY FOR 582 STUDENTS IN PRE-SCHOOL THROUGH GRADE EIGHT THAT CHALLENGES STUDENTS TO ACHIEVE EXCELLENCE IN MIND, BODY, AND CHARACTER. DURING THE 2023-2024 SCHOOL YEAR, THE SCHOOL PROVIDED $1,523,805 IN FINANCIAL AID TO 99 DESERVING AND TALENTED STUDENTS WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO AFFORD A DAWSON EDUCATION. IN JUNE 2024, THE SCHOOL GRADUATED 55 EIGHTH GRADERS, WHO HAVE GONE ON TO ATTEND LOCAL PUBLIC AND INDEPENDENT HIGH SCHOOLS, AS WELL AS, SUCH BOARDING SCHOOLS AS THE WEBB SCHOOLS AND THE THACHER SCHOOL.

    Expenses $13,916,865 · Grants $1,523,804 · Revenue $16,681,266

  • THE ALEXANDER DAWSON FOUNDATION SUPPORTS DAWSON SUMMER INITIATIVE (COLORADO) AND DAWSON COLLEGE BOUND (NEVADA). EACH CONSISTS OF A SUMMER AND A YEAR-ROUND MENTORING PROGRAM. THE PROGRAM PROVIDES ENRICHING, INTELLECTUAL OPPORTUNITIES FOR HIGH-ACHIEVING PUBLIC MIDDLE SCHOOL AND HIGH SCHOOLS STUDENTS AT NO COST TO THE PARTICIPANTS.DAWSON SUMMER INITIATIVE IS AN ENRICHMENT PROGRAM FOR HIGH-ACHIEVING PUBLIC SCHOOL STUDENTS CURRENTLY IN GRADES 6 AND 7. 154 STUDENTS FROM OVER 35 PUBLIC SCHOOLS IN BOULDER COUNTY AND SURROUNDING AREAS ATTENDED 2-5 WEEKS OF INTENSIVELY COLLABORATIVE, HANDS-ON STUDY OF A PARTICULAR THEME. THE PROGRAM IS HELD AT THE COLORADO CAMPUS AND PROVIDES OPPORTUNITIES FOR INQUISITIVE STUDENTS TO MEET OTHER STUDENTS FROM MANY DIFFERENT SCHOOLS, DELVE INTO ONE OF THE MOST TALKED ABOUT TOPICS IN THE NEWS, AND IDENTIFY REAL-WORLD SOLUTIONS.

    Expenses $371,001

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kimberley Johnston

    TRUSTEE, CHAIRMAN & TREASURER

    Total calculated
    $742,617
    From this org
    $70,400
    From related orgs
    $609,163
    Other
    $63,054
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $70,400 + $606,325 related
    Bonus
    $0
    Other
    $0 + $2,838 related
    Deferred
    $0 + $24,750 related
    Nontaxable benefits
    $0 + $38,304 related
    Filer's total
    $70,400 + $672,217 related

  • W Hunter Campbell

    TRUSTEE, VICE CHAIR & GEN. COUNSEL

    Total calculated
    $374,100
    From this org
    $70,400
    From related orgs
    $303,700
    Other
    $0
    Hours/week
    5 + 10 related

    Schedule J breakdown matched by us

    Base
    $70,400 + $303,700 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $70,400 + $303,700 related

  • Pearl Gallagher

    TRUSTEE & SECRETARY

    Total calculated
    $116,600
    From this org
    $70,400
    From related orgs
    $46,200
    Other
    $0
    Hours/week
    5 + 10 related

  • Susan W Borst

    TRUSTEE

    Total calculated
    $70,400
    From this org
    $70,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Elizabeth Eyler

    TRUSTEE

    Total calculated
    $70,400
    From this org
    $70,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kathleen Maloy

    VICE PRESIDENT & CFO

    Total calculated
    $299,729
    From this org
    $0
    From related orgs
    $252,340
    Other
    $47,389
    Hours/week
    0 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,889 related
    Bonus
    $0
    Other
    $0 + $2,451 related
    Deferred
    $0 + $12,875 related
    Nontaxable benefits
    $0 + $34,514 related
    Filer's total
    $0 + $299,729 related

  • George Moore

    HEAD OF SCHOOL

    Total calculated
    $501,925
    From this org
    $422,749
    From related orgs
    $0
    Other
    $79,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,169
    Bonus
    $0
    Other
    $29,580
    Deferred
    $42,750
    Nontaxable benefits
    $36,426
    Filer's total
    $501,925

  • Roxanne Stansbury

    HEAD OF SCHOOL

    Total calculated
    $344,557
    From this org
    $263,593
    From related orgs
    $0
    Other
    $80,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,593
    Bonus
    $0
    Other
    $0
    Deferred
    $20,659
    Nontaxable benefits
    $60,305
    Filer's total
    $344,557

  • Michelle Wolf

    CFO

    Total calculated
    $223,528
    From this org
    $177,236
    From related orgs
    $0
    Other
    $46,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,236
    Bonus
    $0
    Other
    $0
    Deferred
    $9,602
    Nontaxable benefits
    $36,690
    Filer's total
    $223,528

  • Andrew Bishop

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $218,265
    From this org
    $190,638
    From related orgs
    $0
    Other
    $27,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,317
    Bonus
    $0
    Other
    $22,321
    Deferred
    $5,672
    Nontaxable benefits
    $21,955
    Filer's total
    $218,265

  • Natalie Keller

    CFO

    Total calculated
    $181,646
    From this org
    $171,553
    From related orgs
    $0
    Other
    $10,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,553
    Bonus
    $0
    Other
    $0
    Deferred
    $2,812
    Nontaxable benefits
    $7,281
    Filer's total
    $181,646

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
NEVADA HEAD OF SCHOOL (HOS) EMPLOYMENT AGREEMENT REQUIRES HOS, AS A CONDITION OF EMPLOYMENT, TO LIVE IN THE HEAD OF SCHOOL HOUSE AND SELECTED ALLOWANCES ARE PROVIDED AS A BENEFIT.
PART I, LINE 1B
THE HEAD OF SCHOOL OF THE NEVADA SCHOOL IS REQUIRED TO LIVE IN THE FOUNDATION-OWNED RESIDENCE PER HER EMPLOYMENT AGREEMENT. THERE IS NO PERSONAL USE REIMBURSEMENT. THE HEAD OF SCHOOL OF THE COLORADO SCHOOL IS ENTITLED TO REIMBURSEMENT FOR APPROVED CLUB MEMBERSHIPS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE ALEXANDER DAWSON SCHOOL LLC

    SCHOOL · NV · income $19,391,443 · assets $50,872,149

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • THE ALEXANDER DAWSON SCHOOL AT RAINBOW MOUNTAIN LLC

    SCHOOL · NV · income $17,365,724 · assets $31,654,078

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • HKO LLC

    4 PARCELS OF REAL ESTATE WITH BILLBOARD RENTAL · NV · income $15,696 · assets $9,215,163

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • HKO BLUE DIAMOND LLC

    2 PARCELS OF REAL ESTATE · NV · income $0 · assets $630,365

    Directly controlled by ALEXANDER DAWSON FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALEXANDER DAWSON INC

    C · REAL ESTATE INVESTMENT, INVESTMENT MANAGEMENT, AND ADMINISTRATIVE SERVICES · NV · 100% owned · share of income $2,541,768 · share of assets $59,339,646 · controlled entity

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • SPENCER STREET INVESTMENTS INC

    C · INVESTMENTS · NV · 100% owned · share of income $11,340 · share of assets $973,482 · controlled entity

    Directly controlled by ALEXANDER DAWSON INC

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202531149349301543

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