Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $271,949

• 1e · Government grants (contributions)

  $1,449,263

• 1f · All other contributions, gifts and grants

  $1,944,858

• 1g · Noncash contributions included above

  $43,019

• 2a · Program service revenue: TUITION AND FEES

  total $19,641,751 · related or exempt $19,641,751

• 2b · Program service revenue: AUXILLARY

  total $1,039,565 · related or exempt $1,039,565

• 3 · Investment income

  total $1,435,573 · unrelated business $481 · excluded $1,435,092

• 7a · Gross sales of assets other than inventory

  securities $325,071

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

  securities $98,206 · other assets $248,048

• 7c · Gain or loss

  securities $226,865 · other assets -$248,048

• 7d · Net gain or loss

  total -$21,183 · excluded -$21,183

• 8a · Fundraising events: gross income

  $72,293

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

  $271,949

• 8b · Fundraising events: direct expenses

  $72,293

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $48,302 · related or exempt $48,302

• 11e · Other revenue, total

  $48,302

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,280,126 · program services $4,280,126

• 5 · Compensation of officers, directors and key employees

  total $881,414 · program services $166,391 · management and general $631,828 · fundraising $83,195

• 7 · Other salaries and wages

  total $10,142,982 · program services $8,060,349 · management and general $1,808,926 · fundraising $273,707

• 8 · Pension plan contributions

  total $474,064 · program services $355,596 · management and general $102,594 · fundraising $15,874

• 9 · Other employee benefits

  total $996,123 · program services $778,618 · management and general $199,932 · fundraising $17,573

• 10 · Payroll taxes

  total $786,419 · program services $602,097 · management and general $160,911 · fundraising $23,411

• 11b · Fees: legal

  total $81,389 · management and general $81,389

• 11c · Fees: accounting

  total $81,436 · management and general $81,436

• 11g · Fees: other

  total $629,446 · program services $53,733 · management and general $308,179 · fundraising $267,534

• 12 · Advertising and promotion

  total $132,998 · program services $20,710 · management and general $80,127 · fundraising $32,161

• 13 · Office expenses

  total $247,430 · program services $38,716 · management and general $197,955 · fundraising $10,759

• 16 · Occupancy

  total $927,193 · program services $723,082 · management and general $197,822 · fundraising $6,289

• 19 · Conferences, conventions and meetings

  total $133,140 · program services $67,226 · management and general $60,984 · fundraising $4,930

• 20 · Interest

  total $599,021 · program services $434,795 · management and general $160,574 · fundraising $3,652

• 22 · Depreciation, depletion and amortization

  total $1,417,172 · program services $1,113,614 · management and general $294,205 · fundraising $9,353

• 23 · Insurance

  total $160,316 · program services $154,930 · management and general $4,761 · fundraising $625

• 24a · Other expenses: TEACHING MATERIAL/SUPPL

  total $1,288,548 · program services $1,288,548

• 24b · Other expenses: TRANSLATION/COMMUNICATI

  total $86,128 · program services $67,925 · management and general $1,315 · fundraising $16,888

• 24c · Other expenses: PARENT ASSOCIATION

  total $83,464 · program services $83,464

• 24d · Other expenses: CREDIT LOSSES

  total $73,055 · program services $73,055

• 24e · All other expenses

  total $308,174 · program services $117,383 · management and general $181,584 · fundraising $9,207

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $739,838 · end of year $930,638

• 2 · Savings and temporary cash investments

  beginning of year $13,531,977 · end of year $15,071,606

• 3 · Pledges and grants receivable

  beginning of year $121,844 · end of year $8,100

• 4 · Accounts receivable

  beginning of year $9,995,272 · end of year $9,840,313

• 7 · Other notes and loans receivable

  beginning of year $20,000 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $183,482 · end of year $193,444

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

  $49,952,158

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

  $19,060,066

• 10c · Land, buildings and equipment, net

  beginning of year $32,107,935 · end of year $30,892,092

• 11 · Investments: publicly traded securities

  beginning of year $24,271,973 · end of year $27,221,108

• 17 · Accounts payable and accrued expenses

  beginning of year $1,325,211 · end of year $1,368,589

• 19 · Deferred revenue

  beginning of year $15,626,366 · end of year $15,590,577

• 20 · Tax-exempt bond liabilities

  beginning of year $21,439,111 · end of year $20,771,528

• 23 · Secured mortgages and notes payable

  beginning of year $1,160,866 · end of year $1,126,277

• 27 · Net assets without donor restrictions

  beginning of year $31,502,930 · end of year $34,544,443

• 28 · Net assets with donor restrictions

  beginning of year $9,917,837 · end of year $10,755,887

The filer's explanations (Part III)

PART I, LINE 1A

THE SCHOOL PROVIDES A DISCRETIONARY SPENDING BUDGET TO THE HEAD OF THE SCHOOL IN THE AMOUNT OF APPROXIMATELY $2,613 ANNUALLY. IN ADDITION, THE SCHOOL ALSO PROVIDES A HOUSING ALLOWANCE ANNUALLY OF $125,454.