Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $47,643

• 1f · All other contributions, gifts and grants

  $6,388

• 2a · Program service revenue: SCHOOL REVENUE

  total $8,682,471 · related or exempt $8,682,471

• 3 · Investment income

  total $70,952 · excluded $70,952

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $4,396,204 · program services $3,777,287 · management and general $618,917

• 8 · Pension plan contributions

  total $86,202 · program services $74,066 · management and general $12,136

• 9 · Other employee benefits

  total $590,657 · program services $458,102 · management and general $132,555

• 10 · Payroll taxes

  total $340,894 · program services $292,901 · management and general $47,993

• 11a · Fees: management

  total $917,063 · management and general $917,063

• 11b · Fees: legal

  total $50,181 · management and general $50,181

• 11g · Fees: other

  total $283,501 · program services $229,905 · management and general $53,596

• 12 · Advertising and promotion

  total $50,152 · program services $40 · management and general $50,112

• 13 · Office expenses

  total $112,970 · program services $49,874 · management and general $63,096

• 16 · Occupancy

  total $731,193 · program services $729,705 · management and general $1,488

• 17 · Travel

  total $38,778 · program services $8,481 · management and general $30,297

• 19 · Conferences, conventions and meetings

  total $35,087 · program services $4,100 · management and general $30,987

• 22 · Depreciation, depletion and amortization

  total $25,645 · program services $6,529 · management and general $19,116

• 23 · Insurance

  total $23,571 · program services $23,571

• 24a · Other expenses: FOOD AND ACTIVITIES

  total $174,522 · program services $174,522

• 24b · Other expenses: MISCELLANOUS EXPENSES

  total $32,963 · management and general $32,963

• 24c · Other expenses: STUDENT AND RESIDENT EX

  total $17,824 · management and general $17,824

• 24d · Other expenses: BANK FEES

  total $16,093 · management and general $16,093

• 24e · All other expenses

  total $32,799 · program services $24,455 · management and general $8,344

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,542,465 · end of year $4,494,854

• 3 · Pledges and grants receivable

  beginning of year $21,085 · end of year $75

• 4 · Accounts receivable

  beginning of year $511,332 · end of year $628,930

• 9 · Prepaid expenses and deferred charges

  beginning of year $164,147 · end of year $145,844

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

  $294,085

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

  $218,170

• 10c · Land, buildings and equipment, net

  beginning of year $78,379 · end of year $75,915

• 15 · Other assets

  beginning of year $0 · end of year $2,231,508

• 17 · Accounts payable and accrued expenses

  beginning of year $781,293 · end of year $927,674

• 19 · Deferred revenue

  beginning of year $24,682 · end of year $53,025

• 25 · Other liabilities

  beginning of year $0 · end of year $2,233,839

• 27 · Net assets without donor restrictions

  beginning of year $3,511,433 · end of year $4,362,588

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPENSATION IS PAID BY ADELPHOI USA. ADELPHOI USA USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE