GIRLS PREPARATORY SCHOOL INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- GIRLS PREPARATORY SCHOOL INC (EIN 62-0475682)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2025-10-20
- IRS object ID
- 202542939349300899
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-10-20T14:38:42-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 392519050 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELLIOTT DAVIS ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 EAST MOREHEAD STREET SUITE 700 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620475682 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GIRLS PREPARATORY SCHOOL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GIRL | BusinessNameControlTxt |
| Phone | 4236347600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 ISLAND AVENUE | AddressLine1Txt |
| City | CHATTANOOGA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37405 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MR MARK VOSSKAMP | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4236347600 | PhoneNum |
| Signature | 2025-10-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JANICE A RATICA | PreparerPersonNm |
| PTIN | P00358837 | PTIN |
| Phone | 7043338881 | PhoneNum |
| Preparation | 2025-10-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MR MARK VOSSKAMP | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 ISLAND AVENUE | AddressLine1Txt |
| City | CHATTANOOGA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $49,808,736 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GPS.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1906 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | TO OPERATE AN ACCREDITED SECONDARY SCHOOL AND TO PROVIDE QUALITY PRIVATE SCHOOL EDUCATION FOR GIRLS IN GRADES SIX THROUGH TWELVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 368 | TotalEmployeeCnt |
| Total Volunteers | 275 | TotalVolunteersCnt |
| Total Gross UBI | $44,533 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $41,925 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,284,962 | PYContributionsGrantsAmt |
| CY Contributions Grants | $20,667,341 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $17,832,618 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $18,294,009 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,048,650 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,935,654 | CYInvestmentIncomeAmt |
| PY Other Revenue | $581,798 | PYOtherRevenueAmt |
| CY Other Revenue | $242,022 | CYOtherRevenueAmt |
| PY Total Revenue | $31,748,028 | PYTotalRevenueAmt |
| CY Total Revenue | $41,139,026 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,194,830 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,991,748 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,841,977 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,394,871 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,594,459 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,438,485 | PYOtherExpensesAmt |
| CY Other Expenses | $8,797,802 | CYOtherExpensesAmt |
| PY Total Expenses | $23,475,292 | PYTotalExpensesAmt |
| CY Total Expenses | $24,184,421 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,272,736 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $16,954,605 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $77,322,650 | TotalAssetsBOYAmt |
| Total Assets EOY | $95,551,400 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,627,356 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,455,716 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $57,695,294 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $76,095,684 | NetAssetsOrFundBalancesEOYAmt |
| Mission | GIRLS PREPARATORY SCHOOL INSPIRES EACH GIRL TO LEAD A LIFE OF INTEGRITY AND PURPOSE BY ENGAGING HER MIND, CULTIVATING HER STRENGTHS, AND NURTURING HER SELF-CONFIDENCE AND RESPECT FOR OTHERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $17,389,293 | ExpenseAmt |
| Grant | $3,991,748 | GrantAmt |
| Revenue | $18,404,415 | RevenueAmt |
| Desc | GIRLS PREPARATORY SCHOOL (GPS) IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR GRADES SIX THROUGH TWELVE WHERE APPROXIMATELY 40% OF STUDENTS RECEIVED FINANCIAL ASSISTANCE. GPS INSPIRES EACH GIRL TO LEAD A LIFE OF INTEGRITY AND PURPOSE BY ENGAGING HER MIND,CULTIVATING HER STRENGHTHS, AND NURTURING HER SELF-CONFIDENCE AND RESPECT FOR OTHERS. IT DOES SO BY FOCUSING ON ITS VALUES OF HONOR, RESPECT, CURIOSITY, INDIVIDUALITY, AND RELATIONSHIPS. IN FISCALYEAR 2025, GPS GRADUATED 72 STUDENTS. | Desc |
| Total Program Service Expenses | $17,389,293 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 107 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 368 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK VOSSKAMP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4236347632 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 ISLAND AVENUE | AddressLine1Txt |
| City | CHATTANOOGA | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37405 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| CAROLINE CAULKINS BENTLEY | |||||||
| TRUSTEE/BLDG & GRDS CMTE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GLENN BREAZEALE JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFF BURNS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELOUISE BUSBY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LAUREL CARNEY PHD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PORCHE WARREN ADAMS | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MOLLY BAGGETT JAMIESON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KATE CALDWELL NEVIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILL KLINE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BETH STEELE NEWBOLD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT PIERCE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ASHLEY MOORE PALMER | |||||||
| TRUSTEE/EXEC COMMITTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HAMP JOHNSTON JR | |||||||
| TRUSTEE/ENDOWMENT CMTE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARY P TANNER PHD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JESSICA SCOTCHIE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN C WELBORN | |||||||
| TRUSTEE/ADVANCEMENT CMTE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROLYN CHANDLER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BLAIR BENNINGTON CANNON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| AUSTIN P WATSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| R KIRK WALKER JR | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| AMY ARROWSMITH | |||||||
| BOARD CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ASHLEY ROWLAND DAVENPORT | |||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JAMES SCOTCHIE | |||||||
| FINANCE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DORI THORNTON WALLER | |||||||
| SECRETARY/RECORDER | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MEGAN COVER | |||||||
| HEAD OF SCHOOL | 65.00 | $401,556 | $0 | $53,989 | Yes (X) | ||
| MARK VOSSKAMP | |||||||
| CFO/COO | 48.00 | $237,664 | $0 | $17,090 | Yes (X) | ||
| ALISON GANT | |||||||
| CHIEF ADVANCEMENT OFFICER | 48.00 | $184,336 | $0 | $27,246 | Yes (X) | ||
| BETHANY WILSON | |||||||
| HEAD OF UPPER SCHOOL | 48.00 | $154,709 | $0 | $7,153 | Yes (X) | ||
| ANDREW REICH | |||||||
| DIR OF COLLEGE COUNSELING | 40.00 | $110,033 | $0 | $20,889 | Yes (X) | ||
| KATHRYN OUTLAW | |||||||
| HEAD OF MIDDLE SCHOOL | 48.00 | $107,998 | $0 | $19,156 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,196,296 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $145,523 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAGE DINING SERVICES INC | |||||
| 1402 YORK ROAD SUITE 100 | LUTHERVILLE | MD | 21093 | FOOD SERVICE | $832,733 |
| BASELINE SPORTS CONSTRUCTION LLC | |||||
| 3600 HENSON RD | KNOXVILLE | TN | 37921 | CONSTRUCTION | $473,678 |
| BEYNON SPORTS SURFACES INC | |||||
| 16 ALT ROAD | HUNT VALLEY | MD | 21030 | CONSTRUCTION | $425,285 |
| ACADEMY TRAVEL INC | |||||
| 297 ROUTE 72 W STE 35 336 | MANAHAWKIN | NJ | 08050 | STUDENT TRAVEL | $264,783 |
| HORD COPLAN MACHT INC | |||||
| PO BOX 69429 | BALTIMORE | MD | 21264 | ARCHITECTURE DESIGN AND PLANNING | $208,746 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $143,105 | FundraisingAmt |
| All Other Contributions | $20,524,236 | AllOtherContributionsAmt |
| Noncash Contributions | $379,463 | NoncashContributionsAmt |
| Total Contributions | $20,667,341 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $16,021,865 | $16,021,865 |
| AUXILIARY PROGRAMS | 611710 | $1,114,209 | $1,114,209 |
| OTHER PROGRAM REVENUE | 611710 | $977,360 | $977,360 |
| FEE REVENUE | 611710 | $180,575 | $180,575 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $18,294,009 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $801,490 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $44,533 | UnrelatedBusinessRevenueAmt |
| Exclusion | $756,957 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $87,135 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $87,135 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $87,135 | TotalRevenueColumnAmt |
| Exclusion | $87,135 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,715,266 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,581,102 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,134,164 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,134,164 | TotalRevenueColumnAmt |
| Exclusion | $1,134,164 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $53,191 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $143,105 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $8,710 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,481 | TotalRevenueColumnAmt |
| Exclusion | $44,481 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $122,258 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $79,898 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,360 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,360 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 459900 | BusinessCd |
| Total Revenue Column | $68,046 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $68,046 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $68,046 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,139,026 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,404,415 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $44,533 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,022,737 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,991,748 | TotalAmt |
| Program Services | $3,991,748 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,196,295 | TotalAmt |
| Program Services | $712,186 | ProgramServicesAmt |
| Management And General | $374,716 | ManagementAndGeneralAmt |
| Fundraising | $109,393 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,660,130 | TotalAmt |
| Program Services | $4,566,589 | ProgramServicesAmt |
| Management And General | $2,547,741 | ManagementAndGeneralAmt |
| Fundraising | $545,800 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,042 | TotalAmt |
| Program Services | $241,727 | ProgramServicesAmt |
| Management And General | $127,185 | ManagementAndGeneralAmt |
| Fundraising | $37,130 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,451,184 | TotalAmt |
| Program Services | $863,928 | ProgramServicesAmt |
| Management And General | $454,555 | ManagementAndGeneralAmt |
| Fundraising | $132,701 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,220 | TotalAmt |
| Program Services | $405,548 | ProgramServicesAmt |
| Management And General | $213,379 | ManagementAndGeneralAmt |
| Fundraising | $62,293 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,577 | TotalAmt |
| Management And General | $35,577 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,230 | TotalAmt |
| Management And General | $68,230 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,584 | TotalAmt |
| Management And General | $62,584 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,794 | TotalAmt |
| Program Services | $14,840 | ProgramServicesAmt |
| Management And General | $140,977 | ManagementAndGeneralAmt |
| Fundraising | $140,977 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,720 | TotalAmt |
| Program Services | $205,817 | ProgramServicesAmt |
| Management And General | $23,102 | ManagementAndGeneralAmt |
| Fundraising | $9,801 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,523 | TotalAmt |
| Program Services | $1,576 | ProgramServicesAmt |
| Management And General | $23,642 | ManagementAndGeneralAmt |
| Fundraising | $6,305 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,235 | TotalAmt |
| Program Services | $303,687 | ProgramServicesAmt |
| Management And General | $34,087 | ManagementAndGeneralAmt |
| Fundraising | $14,461 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,723,578 | TotalAmt |
| Program Services | $1,486,017 | ProgramServicesAmt |
| Management And General | $166,798 | ManagementAndGeneralAmt |
| Fundraising | $70,763 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| GROUNDS EXPENSE | $1,270,911 | $1,095,741 | $122,992 | $52,178 |
| AUXILIARY EXPENSE | $923,557 | $923,557 | ||
| ATHLETICS | $883,079 | $764,410 | $118,669 | |
| DINING SERVICES | $743,731 | $706,321 | $26,105 | $11,305 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,167,283 | TotalAmt |
| Program Services | $1,105,601 | ProgramServicesAmt |
| Management And General | $660,330 | ManagementAndGeneralAmt |
| Fundraising | $401,352 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,184,421 | TotalAmt |
| Program Services | $17,389,293 | ProgramServicesAmt |
| Management And General | $5,200,669 | ManagementAndGeneralAmt |
| Fundraising | $1,594,459 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,309,497 | BOYAmt |
| EOY | $12,781,243 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,225,966 | BOYAmt |
| EOY | $8,021,144 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $528,326 | BOYAmt |
| EOY | $8,389,051 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,196 | BOYAmt |
| EOY | $128,231 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $376,669 | BOYAmt |
| EOY | $499,582 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $61,470,414 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $30,258,244 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,566,392 | BOYAmt |
| EOY | $31,212,170 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,405,842 | BOYAmt |
| EOY | $33,616,199 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $759,762 | BOYAmt |
| EOY | $903,780 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,322,650 | BOYAmt |
| EOY | $95,551,400 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,671,935 | BOYAmt |
| EOY | $3,772,712 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,939,620 | BOYAmt |
| EOY | $1,753,378 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,414,260 | BOYAmt |
| EOY | $12,424,929 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,411,234 | BOYAmt |
| EOY | $1,253,484 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190,307 | BOYAmt |
| EOY | $251,213 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,627,356 | BOYAmt |
| EOY | $19,455,716 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,165,911 | BOYAmt |
| EOY | $38,337,374 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,529,383 | BOYAmt |
| EOY | $37,758,310 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,695,294 | BOYAmt |
| EOY | $76,095,684 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,322,650 | BOYAmt |
| EOY | $95,551,400 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $16,954,605 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,445,785 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,835,301 | BeginningYearBalanceAmt |
| Contributions | $10,747,958 | ContributionsAmt |
| Investment Earnings Or Losses | $2,113,759 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,208,119 | GrantsOrScholarshipsAmt |
| End Year Balance | $31,488,899 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,330,811 | BeginningYearBalanceAmt |
| Contributions | $466,437 | ContributionsAmt |
| Investment Earnings Or Losses | $2,345,022 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,306,969 | GrantsOrScholarshipsAmt |
| End Year Balance | $19,835,301 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,085,433 | BeginningYearBalanceAmt |
| Contributions | $149,062 | ContributionsAmt |
| Investment Earnings Or Losses | $1,357,300 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,260,984 | GrantsOrScholarshipsAmt |
| End Year Balance | $18,330,811 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $25,667,930 | BeginningYearBalanceAmt |
| Contributions | $748,298 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,786,031 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,544,764 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,085,433 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,251,989 | BeginningYearBalanceAmt |
| Contributions | $6,050,494 | ContributionsAmt |
| Investment Earnings Or Losses | $5,549,551 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,184,103 | GrantsOrScholarshipsAmt |
| End Year Balance | $25,667,931 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.32523 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.67477 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,529,778 | OtherCostOrOtherBasisAmt |
| Book Value | $1,529,778 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $45,772,680 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,106,210 | DepreciationAmt |
| Book Value | $22,666,470 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,094,246 | OtherCostOrOtherBasisAmt |
| Depreciation | $552,379 | DepreciationAmt |
| Book Value | $541,867 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,041,739 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,545,088 | DepreciationAmt |
| Book Value | $2,496,651 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,031,971 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,054,567 | DepreciationAmt |
| Book Value | $3,977,404 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $31,212,170 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PRIVATE EQUITY FUNDS | $1,736,353 | F |
| REAL ESTATE ASSETS | $981,352 | F |
| FIXED INCOME | $29 | F |
| INTERNATIONAL EQUITY | $2,578,592 | F |
| GLOBAL HEDGE | $3,802,874 | F |
| INDEX FUNDS | $24,516,999 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $33,616,199 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINANCE LEASE LIABILITY | Desc |
| Amt | $251,213 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $251,213 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $38,613,441 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,445,785 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $88,608 | OtherRevenueAmt |
| Revenue Not Reported | $1,534,393 | RevenueNotReportedAmt |
| Revenue Subtotal | $37,079,048 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $68,230 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,991,748 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,059,978 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $41,139,026 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,213,051 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $88,608 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $88,608 | ExpensesNotReportedAmt |
| Expenses Subtotal | $20,124,443 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $68,230 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,991,748 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,059,978 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $24,184,421 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENT FUNDS ARE TO BE USED TO SUPPLEMENT THE ANNUAL OPERATING BUDGET OF THE SCHOOL, FOR USE IN FINANCIAL AID AWARDS AND DEBT SERVICE. WHERE EXPLICIT DONOR STIPULATIONS ARE IN PLACE FOR PERMANENTLY RESTRICTED ENDOWED FUNDS, THOSE MONIES WILL BE ALLOCATED TO THE AREAS SPECIFICALLY IDENTIFIED BY THE DONOR. |
| PART X, LINE 2: | THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THE SCHOOL'S EXEMPT PURPOSE. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESS, IF ANY. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAX AUTHORITY. AS OF JUNE 30, 2025 AND 2024 THE SCHOOL HAS NOT RECOGNIZED LIABILITIES FOR UNCERTAIN TAX POSITIONS OR ASSOCIATED INTEREST AND PENALTIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD NET WITH REVENUE 79,898. FUNDRAISING EXPENSE NET WITH REVENUE 8,710. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID REPORTED AS AN EXPENSE ON 990 3,991,748. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD NET WITH REVENUE 79,898. FUNDRAISING EXPENSE NET WITH REVENUE 8,710. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID REPORTED AS AN EXPENSE ON 990 3,991,748. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL OF ITS MARKETING MATERIALS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $2,000,000 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $2,000,000 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $2,000,000 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $196,296 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $143,105 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $53,191 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $8,710 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $196,296 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $143,105 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $53,191 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $8,710 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $8,710 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $44,481 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|
| MERIT SCHOLARSHIPS | 33 | $105,000 | TUITION CREDIT |
| NEED-BASED FINANCIAL AID | 254 | $3,886,748 | TUITION CREDIT |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS OFFERED BY THE SCHOOL ARE APPLIED AS OFFSETS TO TUITION AND FEES AND THERBY SATISFY ALL REQUIREMENTS TO BE USED FOR PROPER PURPOSES | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MEGAN COVER | ||||||||||||||
| HEAD OF SCHOOL | $388,830 | $0 | $10,000 | $0 | $2,726 | $0 | $7,874 | $0 | $46,115 | $0 | $455,545 | $0 | $0 | $0 |
| MARK VOSSKAMP | ||||||||||||||
| CFO/COO | $237,664 | $0 | $0 | $0 | $0 | $0 | $4,660 | $0 | $12,430 | $0 | $254,754 | $0 | $0 | $0 |
| ALISON GANT | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $184,336 | $0 | $0 | $0 | $0 | $0 | $3,896 | $0 | $23,350 | $0 | $211,582 | $0 | $0 | $0 |
| BETHANY WILSON | ||||||||||||||
| HEAD OF UPPER SCHOOL | $154,709 | $0 | $0 | $0 | $0 | $0 | $3,033 | $0 | $4,120 | $0 | $161,862 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | AS PART OF THE HEAD OF SCHOOL'S CONDITIONS OF EMPLOYMENT, SHE IS REQUIRED TO LIVE ON CAMPUS IN A RESIDENCE PROVIDED BY THE SCHOOL. THE SCHOOL ALSO PROVIDES CERTAIN PERSONAL SERVICES FOR THE CARE AND MAINTENANCE OF THE RESIDENCE, SUCH AS CLEANING, LANDSCAPING, ETC. FURTHER, CERTAIN ADMINISTRATORS HAVE DISCRETIONARY SPENDING ACCOUNTS WHICH ARE USED ONLY FOR SCHOOL-RELATED EXPENDITURES. EXPENSES ARE REVIEWED AND APPROVED AT THE TRANSACTION LEVEL BY THE CFO, COO AND/OR ANOTHER REPRESENTATIVE AND ARE REVIEWED AS PART OF THE MONTHLY BUDGET REVIEW PROCESS. EXPENDITURES FROM THESE ACCOUNTS FOLLOW THE SAME PROCESS AND ARE SUBJECT TO THE SAME CONTROLS AS ALL OTHER EXPENDITURES OF THE SCHOOL. RECEIPTS MUST BE SUBMITTED AND APPROVED BY THE COO OR CFO AND THE EXPENDITURE AND CORRESPONDING ACCOUNTING ARE REVIEWED BY CONTROLLER PRIOR TO POSTING TO THE GENERAL LEDGER. THE ACCOUNT AS A WHOLE IS REVIEWED REGULARLY. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF CHATTANOOGA | ||||||||
| A | 521298872 | NONEAVAIL | 2015-08-06 | $10,000,000 | CONSTRUCTION OF SCHOOL BUILDING | 0 | 0 | 0 |
| HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF CHATTANOOGA | ||||||||
| B | 521298872 | NONEAVAIL | 2015-08-24 | $5,000,000 | CONSTRUCTION OF SCHOOL BUILDING | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|
| A | $10,000,000 | $55,938 | $9,944,062 | 2008 | 0 | 0 | Yes (1) | Yes (1) |
| B | $5,000,000 | $55,938 | $4,944,062 | 2008 | 0 | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|
| A | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| B | Yes (1) | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $67,785 | CashGrantAmt |
| Type Of Assistance | TUITION REMISSION | TypeOfAssistanceTxt |
| Assistance Purpose | TUITION REMISSION | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 25 | ContributionCnt |
| Noncash Contributions Rpt F990 | $372,313 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | ONLINE AUCTION PROPERTY AND EQUIPMENT | Desc |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,150 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | JESSICA SCOTCHIE AND JIMMY SCOTCHIE HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT, INSURANCE, AND COMPLIANCE COMMITTEE REVIEWS AND APPROVES THE FULL 990 PRIOR TO FILING. A COMPLETE COPY OF THE 990 IS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES REQUIRES A CONFLICT OF INTEREST FORM TO BE COMPLETED BY ALL TRUSTEES ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT, THE COMMITTEE WILL CONSIDER THE NATURE OF THE CONFLICT, AND IF WARRANTED, THE INDIVIDUAL IS ASKED TO RECUSE HIM/HERSELF FROM DISCUSSION AND VOTING. ALTERNATIVELY, THE BOARD OR COMMITTEE CHAIR MAY BE ASKED TO EVALUATE APPROPRIATENESS AND MANDATE CHANGE/DISCONTINUATION OF RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD DOES A TRIENNIAL REVIEW OF THE EMPLOYMENT CONTRACT FOR THE HEAD OF SCHOOL. (THE HEAD OF SCHOOL IS ON A THREE-YEAR AGREEMENT.) EACH CONTRACT INCLUDES ANNUAL PAY ADJUSTMENTS FOR THE TERM OF THE CONTRACT AND AGREED-UPON MEASURES OF PERFORMANCE. DATA EVALUATED COME FROM INDEX, NAIS AND 990 TAX FILINGS OF COMPARABLE SCHOOLS. REVIEW INCLUDES AN EVALUATION OF THE COMPENSATION AT VARIOUS SIMILAR INSTITUTIONS (IN-MARKET COMPARABLES AND OUT-OF-MARKET COMPS ADJUSTED FOR MARKET DYNAMICS), MULTI-YEAR TRENDS IN THE INDUSTRY AND CONSIDERATION OF PERFORMANCE EVALUATION AND WORK EXPERIENCE. FINAL AGREEMENT IS DETERMINED BY TRUSTEES. ALL OTHER EMPLOYEE CONTRACTS, INCLUDING TOP MANAGERS, ARE EVALUATED ON AN ANNUAL BASIS BY THE HEAD OF SCHOOL WITH CONSULTATION OF HR AND CFO. INITIAL COMPENSATION FOR TOP MANAGEMENT IS BASED ON REVIEW OF COMPARABLE COMPENSATION AND IN-MARKET AND OUT-OF-MARKET COMPARABLE SCHOOLS, WHICH PROVIDE A REASONABLE RANGE OF VALUES FOR A POSITION. WITHIN THIS RANGE, CONSIDERATION OF EXPERIENCE AND UNIQUE FACTORS (OF THE POSITION AND/OR OF THE CANDIDATE) ARE CONSIDERED IN NEGOTIATION WITH A CANDIDATE UPON HIRE. ON AN ANNUAL BASIS, BUDGET AVAILABILITY FOR ALL SALARY INCREASES IS A FIRST CONSIDERATION FOR ALL EMPLOYEES. BASED ON BUDGETED FUNDS AVAILABLE, DISTRIBUTION AMONG INDIVIDUAL EMPLOYEES IS DETERMINED BY SALARY SCALES, EXPERIENCE, PERFORMANCE, AND HEAD OF SCHOOL DISCRETION. ALL DECISIONS CONCERNING COMPENSATION ARE DOCUMENTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE HEAD OF SCHOOL. |
| PART XII, LINE 2C | PROCESS HAS NOT CHANGED. |