Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $443,756

• 1f · All other contributions, gifts and grants

  $5,649,526

• 1g · Noncash contributions included above

  $1,647,024

• 2a · Program service revenue: TUITION

  total $46,931,845 · related or exempt $46,931,845

• 2b · Program service revenue: AFTERSCHOOL PROGRAM

  total $1,011,999 · related or exempt $1,011,999

• 2c · Program service revenue: MUSIC PROGRAM FEES

  total $473,704 · related or exempt $473,704

• 2d · Program service revenue: STUDENT FEES

  total $457,038 · related or exempt $457,038

• 2e · Program service revenue: OTHER PROGRAM SERVICE REVENUE

  total $326,508 · related or exempt $326,508

• 3 · Investment income

  total $2,471,033 · excluded $2,471,033

• 6a · Gross rents

  real property $849,967

• 6b · Less rental expenses

  real property $429,872

• 6c · Rental income or loss

  real property $420,095

• 6d · Net rental income or loss

  total $420,095 · unrelated business -$9,777 · excluded $429,872

• 7a · Gross sales of assets other than inventory

  securities $15,021,161 · other assets $34,106

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

  securities $15,508,775 · other assets $0

• 7c · Gain or loss

  securities -$487,614 · other assets $34,106

• 7d · Net gain or loss

  total -$453,508 · unrelated business $23,109 · excluded -$476,617

• 11a · Other revenue: SQUASH MEMBERSHIP AND OTHER

  total $377,908 · unrelated business $377,908

• 11b · Other revenue: PASS THRU LOSS-LTD PARTNERSHIPS

  total -$52,237 · unrelated business -$52,237

• 11e · Other revenue, total

  $325,671

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,798,750 · program services $7,798,750

• 5 · Compensation of officers, directors and key employees

  total $3,073,220 · program services $2,208,029 · management and general $865,191

• 7 · Other salaries and wages

  total $28,644,984 · program services $25,329,544 · management and general $1,922,278 · fundraising $1,393,162

• 8 · Pension plan contributions

  total $2,185,098 · program services $1,931,349 · management and general $170,495 · fundraising $83,254

• 9 · Other employee benefits

  total $4,484,977 · program services $3,964,149 · management and general $349,946 · fundraising $170,882

• 10 · Payroll taxes

  total $2,139,633 · program services $1,891,163 · management and general $166,948 · fundraising $81,522

• 11b · Fees: legal

  total $306,581 · management and general $306,581

• 11c · Fees: accounting

  total $91,849 · management and general $91,849

• 11e · Fees: professional fundraising services

  total $599 · fundraising $599

• 11f · Fees: investment management

  total $256,286 · management and general $256,286

• 11g · Fees: other

  total $1,284,162 · program services $865,793 · management and general $265,998 · fundraising $152,371

• 12 · Advertising and promotion

  total $451,285 · program services $139,043 · management and general $14,486 · fundraising $297,756

• 13 · Office expenses

  total $846,860 · program services $708,468 · management and general $99,175 · fundraising $39,217

• 14 · Information technology

  total $976,493 · program services $282,549 · management and general $615,808 · fundraising $78,136

• 16 · Occupancy

  total $2,673,488 · program services $2,149,405 · management and general $521,089 · fundraising $2,994

• 17 · Travel

  total $854,859 · program services $789,418 · management and general $42,473 · fundraising $22,968

• 19 · Conferences, conventions and meetings

  total $1,120,030 · program services $786,093 · management and general $134,131 · fundraising $199,806

• 20 · Interest

  total $628,745 · program services $502,996 · management and general $125,749

• 22 · Depreciation, depletion and amortization

  total $6,621,295 · program services $5,297,036 · management and general $1,324,259

• 23 · Insurance

  total $569,899 · program services $455,919 · management and general $113,980

• 24a · Other expenses: OTHER EXPENSES

  total $2,562,104 · program services $1,819,434 · management and general $680,213 · fundraising $62,457

• 24b · Other expenses: FOOD SERVICE

  total $700,876 · program services $700,876

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,538 · end of year $2,035

• 2 · Savings and temporary cash investments

  beginning of year $46,713,957 · end of year $32,365,335

• 3 · Pledges and grants receivable

  beginning of year $9,468,902 · end of year $4,753,065

• 4 · Accounts receivable

  beginning of year $856,428 · end of year $575,964

• 7 · Other notes and loans receivable

  beginning of year $16,243 · end of year $21,397

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,572,175 · end of year $3,259,594

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

  $286,824,931

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

  $85,188,213

• 10c · Land, buildings and equipment, net

  beginning of year $206,659,535 · end of year $201,636,718

• 11 · Investments: publicly traded securities

  beginning of year $72,329,281 · end of year $95,198,074

• 12 · Investments: other securities

  beginning of year $53,095,269 · end of year $48,081,981

• 15 · Other assets

  beginning of year $853,989 · end of year $825,596

• 17 · Accounts payable and accrued expenses

  beginning of year $2,073,385 · end of year $2,050,899

• 19 · Deferred revenue

  beginning of year $25,932,983 · end of year $26,535,699

• 20 · Tax-exempt bond liabilities

  beginning of year $30,395,000 · end of year $30,395,000

• 27 · Net assets without donor restrictions

  beginning of year $201,645,635 · end of year $194,912,831

• 28 · Net assets with donor restrictions

  beginning of year $132,520,314 · end of year $132,825,330

The filer's explanations (Part III)

PART I, LINE 1A

THE SCHOOL PROVIDES HOUSING TO THE HEAD OF SCHOOL. THE HOUSING BENEFIT IS PART OF THE EMPLOYMENT CONTRACT OF THE HEAD OF SCHOOL.

PART I, LINE 3

COMPENSATION: A SUBCOMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE ANNUAL COMPENSATION FOR THE HEAD OF THE SCHOOL. A COMPENSATION COMMITTEE COMPRISED OF STAFF AND BOARD MEMBERS RECOMMENDS TO THE BOARD AN OVERALL PERCENTAGE FOR COMPENSATION INCREASES. THE COMMITTEE THEN ALLOCATES TO THE SALARY SCALE FOR TEACHING STAFF. THE HEAD OF THE SCHOOL DETERMINES SALARIES FOR NON-TEACHING STAFF WITHIN THE OVERALL INCREASE APPROVED. SALARIES ARE DETERMINED BASED ON PUBLISHED COMPARABLE SALARY INFORMATION FOR SIMILAR SCHOOLS IN THE AREA.

PART I, LINE 4B

THE SCHOOL MAINTAINS BOTH THE SECTION 457(B) AND 457(F) DEFERRED-COMPENSATION PLANS FOR ITS HEAD OF SCHOOL. THE AMOUNT CONTRIBUTED TO THESE PLANS BY THE SCHOOL WAS $157,176.