Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $15,254,131

• 1f · All other contributions, gifts and grants

  $1,521,806

• 1g · Noncash contributions included above

  $546,133

• 2a · Program service revenue: NST MANAGEMENT FEE REVENUE

  total $33,109,125 · related or exempt $33,109,125

• 2b · Program service revenue: DISTRICT SUBSIDIES

  total $12,425,466 · related or exempt $12,425,466

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $724,121 · related or exempt $724,121

• 2d · Program service revenue: E-RATE

  total $614,903 · related or exempt $614,903

• 2e · Program service revenue: EARLY COLLEGE PROGRAM

  total $558,000 · related or exempt $558,000

• 2f · All other program service revenue

  total $189,590 · related or exempt $189,590

• 3 · Investment income

  total $840,172 · excluded $840,172

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $207,092 · excluded $207,092

• 11b · Other revenue: FOOD SERVICE REVENUE

  total $1,321 · excluded $1,321

• 11e · Other revenue, total

  $208,413

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,107,547 · program services $1,107,547

• 5 · Compensation of officers, directors and key employees

  total $3,114,375 · program services $1,133,634 · management and general $1,980,741

• 7 · Other salaries and wages

  total $23,453,982 · program services $15,585,841 · management and general $7,868,141

• 8 · Pension plan contributions

  total $2,638,408 · program services $1,631,480 · management and general $1,006,928

• 9 · Other employee benefits

  total $4,072,438 · program services $2,707,621 · management and general $1,364,817

• 10 · Payroll taxes

  total $1,804,692 · program services $1,186,859 · management and general $617,833

• 11b · Fees: legal

  total $201,500 · management and general $201,500

• 11c · Fees: accounting

  total $677,965 · management and general $677,965

• 11f · Fees: investment management

  total $47,883 · management and general $47,883

• 11g · Fees: other

  total $6,167,254 · program services $4,598,736 · management and general $1,568,518

• 12 · Advertising and promotion

  total $623,389 · program services $148 · management and general $623,241

• 13 · Office expenses

  total $862,279 · program services $516,239 · management and general $346,040

• 14 · Information technology

  total $3,625,933 · program services $3,350,631 · management and general $275,302

• 16 · Occupancy

  total $1,013,280 · program services $1,013,280

• 17 · Travel

  total $1,392,576 · program services $1,329,155 · management and general $63,421

• 19 · Conferences, conventions and meetings

  total $321,592 · program services $232,466 · management and general $89,126

• 20 · Interest

  total $50,106 · management and general $50,106

• 22 · Depreciation, depletion and amortization

  total $5,633,185 · program services $5,633,185

• 23 · Insurance

  total $57,039 · management and general $57,039

• 24a · Other expenses: FOOD SERVICE

  total $7,987,369 · program services $7,987,369

• 24b · Other expenses: SPECIAL EDUCATION

  total $732,150 · program services $732,150

• 24c · Other expenses: LOSS ON DISPOSAL

  total $394,283 · program services $394,283

• 24d · Other expenses: BOOKS

  total $80,878 · program services $80,878

• 24e · All other expenses

  total $36,083 · program services $34,410 · management and general $1,673

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,078,534 · end of year $1,000

• 2 · Savings and temporary cash investments

  beginning of year $9,587,902 · end of year $14,467,907

• 3 · Pledges and grants receivable

  beginning of year $2,649,944 · end of year $1,491,624

• 4 · Accounts receivable

  end of year $762,934

• 9 · Prepaid expenses and deferred charges

  beginning of year $312,853 · end of year $995,476

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

  $40,085,800

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

  $29,563,990

• 10c · Land, buildings and equipment, net

  beginning of year $12,893,078 · end of year $10,521,810

• 11 · Investments: publicly traded securities

  beginning of year $13,264,198 · end of year $13,998,801

• 15 · Other assets

  beginning of year $5,498,169 · end of year $4,429,342

• 17 · Accounts payable and accrued expenses

  beginning of year $9,766,476 · end of year $9,414,040

• 19 · Deferred revenue

  beginning of year $43,950 · end of year $206,442

• 25 · Other liabilities

  beginning of year $21,645,551 · end of year $21,343,220

• 29 · Capital stock, trust principal or current funds

  beginning of year $6,891,255 · end of year $4,317,973

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $10,937,446 · end of year $11,387,219

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 7

END OF YEAR COMPENSATION DECISIONS ARE MADE BASED ON MASTERY'S PERFORMANCE EVALUATION FRAMEWORK FOR SCHOOL LEADERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES.