Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $136,775

• 1f · All other contributions, gifts and grants

  $1,490,164

• 2a · Program service revenue: TUITION AND FEES

  total $15,070,874 · related or exempt $15,070,874

• 2b · Program service revenue: STUDENT SUPPORT SERVICES

  total $159,323 · related or exempt $159,323

• 3 · Investment income

  total $618,487 · excluded $618,487

• 6a · Gross rents

  real property $98,911

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $98,911

• 6d · Net rental income or loss

  total $98,911 · excluded $98,911

• 7a · Gross sales of assets other than inventory

  securities $1,140,721 · other assets $4,000

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

  securities $651,156 · other assets $0

• 7c · Gain or loss

  securities $489,565 · other assets $4,000

• 7d · Net gain or loss

  total $493,565 · excluded $493,565

• 8a · Fundraising events: gross income

  $194,125

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

  $136,775

• 8b · Fundraising events: direct expenses

  $126,786

• 8c · Net income from fundraising events

  total $67,339 · excluded $67,339

• 11a · Other revenue: PARENTS ASSOCIATION INCOME

  total $16,416 · related or exempt $16,416

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $833 · related or exempt $833

• 11e · Other revenue, total

  $17,249

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,107,388 · program services $1,107,388

• 5 · Compensation of officers, directors and key employees

  total $643,707 · program services $38,981 · management and general $487,782 · fundraising $116,944

• 7 · Other salaries and wages

  total $7,997,635 · program services $6,870,852 · management and general $914,914 · fundraising $211,869

• 8 · Pension plan contributions

  total $484,072 · program services $386,591 · management and general $91,422 · fundraising $6,059

• 9 · Other employee benefits

  total $2,102,104 · program services $1,685,910 · management and general $395,276 · fundraising $20,918

• 10 · Payroll taxes

  total $681,322 · program services $506,856 · management and general $149,925 · fundraising $24,541

• 11b · Fees: legal

  total $65,822 · management and general $65,822

• 11c · Fees: accounting

  total $49,795 · management and general $49,795

• 11f · Fees: investment management

  total $55,274 · management and general $55,274

• 11g · Fees: other

  total $390,310 · program services $69,560 · management and general $179,931 · fundraising $140,819

• 12 · Advertising and promotion

  total $101,621 · program services $77,252 · management and general $10,366 · fundraising $14,003

• 13 · Office expenses

  total $456,542 · program services $388,801 · management and general $52,620 · fundraising $15,121

• 16 · Occupancy

  total $993,374 · program services $973,507 · management and general $19,867

• 17 · Travel

  total $138,823 · program services $11,724 · management and general $110,206 · fundraising $16,893

• 20 · Interest

  total $83,385 · program services $6,910 · management and general $76,475

• 22 · Depreciation, depletion and amortization

  total $740,291 · program services $665,653 · management and general $68,476 · fundraising $6,162

• 23 · Insurance

  total $140,849 · program services $125,356 · management and general $15,493

• 24a · Other expenses: FOOD

  total $700,806 · program services $679,782 · management and general $14,016 · fundraising $7,008

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $254,682 · program services $73,795 · management and general $176,051 · fundraising $4,836

• 24c · Other expenses: PROFESSIONAL DEVELOPMEN

  total $191,322 · program services $122,360 · management and general $67,099 · fundraising $1,863

• 24d · Other expenses: TRANSPORTATION

  total $191,132 · program services $191,132

• 24e · All other expenses

  total $185,302 · program services $78,363 · management and general $81,669 · fundraising $25,270

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,895,019 · end of year $2,575,069

• 3 · Pledges and grants receivable

  beginning of year $76,127 · end of year $212,100

• 4 · Accounts receivable

  beginning of year $11,505,485 · end of year $340,636

• 8 · Inventories for sale or use

  beginning of year $44,040 · end of year $11,086

• 9 · Prepaid expenses and deferred charges

  beginning of year $127,276 · end of year $222,364

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

  $26,986,380

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

  $13,085,096

• 10c · Land, buildings and equipment, net

  beginning of year $13,823,133 · end of year $13,901,284

• 11 · Investments: publicly traded securities

  beginning of year $15,207,820 · end of year $15,723,048

• 12 · Investments: other securities

  end of year $576,605

• 17 · Accounts payable and accrued expenses

  beginning of year $846,333 · end of year $816,027

• 19 · Deferred revenue

  beginning of year $12,956,891 · end of year $1,783,538

• 20 · Tax-exempt bond liabilities

  beginning of year $2,690,656 · end of year $2,519,231

• 27 · Net assets without donor restrictions

  beginning of year $18,975,877 · end of year $19,631,934

• 28 · Net assets with donor restrictions

  beginning of year $8,209,143 · end of year $8,811,462

The filer's explanations (Part III)

PART I, LINE 1A

THE HEAD OF SCHOOL RECEIVES EMPLOYER-PROVIDED HOUSING. THE AMOUNT IS NOT CONSIDERED TAXABLE.

PART I, LINE 4B

COLLEEN RAMSDEN PARTICIPATES IN A 457F PLAN. THERE WAS NO PAYMENT MADE IN 2024.