Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $115,786

• 1e · Government grants (contributions)

  $135,302

• 1f · All other contributions, gifts and grants

  $4,461,940

• 1g · Noncash contributions included above

  $137,650

• 2a · Program service revenue: TUITION & FEES

  total $30,668,617 · related or exempt $30,668,617

• 2b · Program service revenue: CAFETERIA SALES/ LUNCH

  total $1,254,511 · related or exempt $1,254,511

• 2c · Program service revenue: LOWER SCHOOL AFTER CARE PROGRAMS

  total $296,650 · related or exempt $296,650

• 2d · Program service revenue: SQUASH PROGRAM

  total $260,482 · related or exempt $260,482

• 2e · Program service revenue: MUSIC FEES

  total $165,720 · related or exempt $165,720

• 2f · All other program service revenue

  total $198,169 · related or exempt $198,169

• 3 · Investment income

  total $2,151,479 · unrelated business $7,326 · excluded $2,144,153

• 6a · Gross rents

  real property $152,488

• 6b · Less rental expenses

  real property $153,782

• 6c · Rental income or loss

  real property -$1,294

• 6d · Net rental income or loss

  total -$1,294 · unrelated business $26,630 · excluded -$27,924

• 7a · Gross sales of assets other than inventory

  securities $17,065,925

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

  securities $16,933,863

• 7c · Gain or loss

  securities $132,062

• 7d · Net gain or loss

  total $132,062 · excluded $132,062

• 8a · Fundraising events: gross income

  $0

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

  $115,786

• 8b · Fundraising events: direct expenses

  $45,894

• 8c · Net income from fundraising events

  total -$45,894 · excluded -$45,894

• 10a · Gross sales of inventory

  $291,101

• 10b · Cost of goods sold

  $297,962

• 10c · Net income from sales of inventory

  total -$6,861 · excluded -$6,861

• 11a · Other revenue: TUTORING

  total $66,912 · related or exempt $66,912

• 11b · Other revenue: SUMMER SPORTS CAMP

  total $30,006 · related or exempt $30,006

• 11c · Other revenue: BOOKFAIR

  total $13,515 · related or exempt $13,515

• 11d · All other revenue

  total $219,474 · excluded $219,474

• 11e · Other revenue, total

  $329,907

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $8,060,397 · program services $8,060,397

• 5 · Compensation of officers, directors and key employees

  total $1,103,215 · management and general $1,103,215

• 7 · Other salaries and wages

  total $15,881,073 · program services $13,957,821 · management and general $1,016,839 · fundraising $906,413

• 8 · Pension plan contributions

  total $716,022 · program services $655,775 · management and general $17,661 · fundraising $42,586

• 9 · Other employee benefits

  total $3,127,570 · program services $2,773,513 · management and general $177,156 · fundraising $176,901

• 10 · Payroll taxes

  total $1,158,166 · program services $1,017,908 · management and general $74,156 · fundraising $66,102

• 11b · Fees: legal

  total $252,874 · program services $222,250 · management and general $16,191 · fundraising $14,433

• 11c · Fees: accounting

  total $30,750 · program services $27,026 · management and general $1,969 · fundraising $1,755

• 11f · Fees: investment management

  total $161,382 · management and general $161,382

• 11g · Fees: other

  total $103,970 · program services $91,379 · management and general $6,657 · fundraising $5,934

• 12 · Advertising and promotion

  total $159,826 · program services $140,471 · management and general $10,233 · fundraising $9,122

• 13 · Office expenses

  total $1,423,310 · program services $1,284,438 · management and general $124,374 · fundraising $14,498

• 14 · Information technology

  total $748,229 · program services $659,295 · management and general $47,020 · fundraising $41,914

• 16 · Occupancy

  total $2,048,213 · program services $1,800,167 · management and general $131,144 · fundraising $116,902

• 17 · Travel

  total $349,102 · program services $318,295 · management and general $24,402 · fundraising $6,405

• 20 · Interest

  total $662,288 · program services $582,083 · management and general $42,405 · fundraising $37,800

• 22 · Depreciation, depletion and amortization

  total $2,928,058 · program services $2,573,460 · management and general $187,479 · fundraising $167,119

• 23 · Insurance

  total $281,910 · program services $247,770 · management and general $18,050 · fundraising $16,090

• 24a · Other expenses: BOARD CONTINGENCY

  total $1,842,076 · management and general $1,752,076 · fundraising $90,000

• 24b · Other expenses: LUNCHES

  total $788,813 · program services $693,285 · management and general $50,506 · fundraising $45,022

• 24c · Other expenses: ATHLETIC EXPENSE

  total $383,647 · program services $383,647

• 24d · Other expenses: AUXILLARY

  total $281,700 · program services $281,700

• 24e · All other expenses

  total $875,384 · program services $701,896 · management and general $19,479 · fundraising $154,009

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,480,756 · end of year $4,943,372

• 2 · Savings and temporary cash investments

  beginning of year $8,566,663 · end of year $13,523,718

• 3 · Pledges and grants receivable

  beginning of year $468,590 · end of year $236,600

• 4 · Accounts receivable

  end of year $31,413

• 9 · Prepaid expenses and deferred charges

  beginning of year $210,708 · end of year $1,068,187

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

  $93,592,073

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

  $55,121,133

• 10c · Land, buildings and equipment, net

  beginning of year $38,705,748 · end of year $38,470,940

• 11 · Investments: publicly traded securities

  beginning of year $41,517,332 · end of year $42,283,604

• 12 · Investments: other securities

  beginning of year $4,882,845 · end of year $2,504,324

• 15 · Other assets

  beginning of year $529,718 · end of year $205,505

• 17 · Accounts payable and accrued expenses

  beginning of year $1,987,044 · end of year $3,985,012

• 19 · Deferred revenue

  beginning of year $2,778,789 · end of year $2,147,518

• 23 · Secured mortgages and notes payable

  beginning of year $19,431,252 · end of year $19,030,970

• 25 · Other liabilities

  beginning of year $374,713 · end of year $187,088

• 27 · Net assets without donor restrictions

  beginning of year $47,600,080 · end of year $46,718,758

• 28 · Net assets with donor restrictions

  beginning of year $29,190,482 · end of year $31,198,317

The filer's explanations (Part III)

PART I, LINE 1A

THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH ON-CAMPUS HOUSING. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NOT PART OF HIS TAXABLE INCOME.