MIDDLE WAY SCHOOL
Cite this
Plain text MIDDLE WAY SCHOOL. Strategy Studio, nonprofit organization profile, tax years 2018–2024. https://strategystudio.org/org/830862436. Retrieved 2026-10-20.
APA Strategy Studio. (n.d.). MIDDLE WAY SCHOOL [Nonprofit organization profile; tax years 2018–2024]. Retrieved October 20, 2026, from https://strategystudio.org/org/830862436
MLA “MIDDLE WAY SCHOOL.” Strategy Studio, tax years 2018–2024, https://strategystudio.org/org/830862436. Accessed 20 Oct. 2026.
Retrieved 2026-10-20; covers tax years 2018–2024. Data: Strategy Studio, CC BY 4.0.
2024 · Form 990 · revenue $2.5M · expenses $2.8M · assets $647K
- EIN
- 83-0862436
- Address
- 268 W SAUGERTIES RD, SAUGERTIES, NY 12477-3142
- Website
- middlewayschool.org
- NTEE code
- B20
- Subsection
- 501(c)(3)
- Ruling year
- 2019
- Cross-check
- ProPublica Nonprofit Explorer
Mission
Middle Way School is an independent progressive school with nearly 100 students, ranging from nursery school to seventh grade. As one of the first schools for children inspired by Buddhist wisdom and compassion, Middle Way School is exploring the rich potential of integrating wisdom and compassion with progressive education. Our aspiration is to prepare students to take their places in the modern world with the noble qualities of intelligence, confidence and discipline, with an understanding of interdependence and a fundamental motivation of altruism.
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
1 person paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Grace Louis | Head of School | 2021-2024 | $92,700 | $357,990 | 1 |
Officers and directors, no compensation reported
11 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Harvey Feldstein | Trustee | 2021-2024 | 2 | $0 reported | 1 |
| Cecile Hohenlohe | Board Chair | 2021-2024 | 5 | $0 reported | 1 |
| Priya Kumari | SECRETARY | 2022-2024 | 2 | $0 reported | 1 |
| Laura Lopez | Trustee | 2022-2024 | 2 | $0 reported | 1 |
| Sonam Tenzing | Treasurer | 2018-2024 | 2 | $0 reported | 1 |
| Eric Wilden | Trustee | 2022-2024 | 2 | $0 reported | 1 |
| Michael Burbank (former) | SECRETARY | 2022-2023 | 2 | $0 reported | 1 |
| Emily Chen (former) | SECRETARY | 2021 | 2 | $0 reported | 1 |
| Noa Christina Ben-Yehuda (former) | HEAD OF SCHO | 2018 | 40 | $0 reported | 1 |
| Cecile Hohenlohoe (former) | TRUSTEE | 2018 | 2 | $0 reported | 1 |
| Michael Damian (former) | SECRETARY (A | 2018 | 2 | $0 reported | 1 |
People by year
2024 · 7 people listed · 1 paid, $93K · 37 employees · 6 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Grace Louis | Head of School | 40 | $92,700 | $0 | $0 | $92,700 | 1 |
| Cecile Hohenlohe | Board Chair | 5 | $0 | $0 | $0 | $0 | 1 |
| Sonam Tenzing | Treasurer | 2 | $0 | $0 | $0 | $0 | 1 |
| Harvey Feldstein | Trustee | 2 | $0 | $0 | $0 | $0 | 1 |
| Laura Lopez | Trustee | 2 | $0 | $0 | $0 | $0 | 1 |
| Eric Wilden | Trustee | 2 | $0 | $0 | $0 | $0 | 1 |
| Priya Kumari | SECRETARY | 2 | $0 | $0 | $0 | $0 | 1 |
2023 · 8 people listed · 1 paid, $93K · 32 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| GRACE LOUIS | HEAD OF SCHO | 40 | $92,700 | $0 | $0 | $92,700 | 1 |
| MICHAEL BURBANK | SECRETARY | 2 | $0 | $0 | $0 | $0 | 1 |
| HARVEY FELDSTEIN | TRUSTEE | 2 | $0 | $0 | $0 | $0 | 1 |
| CECILE HOHENLOHE | BOARD CHAIR | 5 | $0 | $0 | $0 | $0 | 1 |
| PRIYA KUMARI | TRUSTEE | 2 | $0 | $0 | $0 | $0 | 1 |
| LAURA LOPEZ | TRUSTEE | 2 | $0 | $0 | $0 | $0 | 1 |
| SONAM TENZING | TREASURER | 2 | $0 | $0 | $0 | $0 | 1 |
| ERIC WILDEN | TRUSTEE | 2 | $0 | $0 | $0 | $0 | 1 |
2022 · 8 people listed · 1 paid, $83K · 31 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| GRACE LOUIS | HEAD OF SCHO | 40 | $83,315 | $0 | $0 | $83,315 | 1 |
| MICHAEL BURBANK | SECRETARY | 3 | $0 | $0 | $0 | $0 | 1 |
| HARVEY FELDSTEIN | TRUSTEE | 3 | $0 | $0 | $0 | $0 | 1 |
| CECILE HOHENLOHE | BOARD CHAIR | 5 | $0 | $0 | $0 | $0 | 1 |
| PRIYA KUMARI | TRUSTEE | 3 | $0 | $0 | $0 | $0 | 1 |
| LAURA LOPEZ | TRUSTEE | 3 | $0 | $0 | $0 | $0 | 1 |
| SONAM TENZING | TREASURER | 3 | $0 | $0 | $0 | $0 | 1 |
| ERIC WILDEN | TRUSTEE | 3 | $0 | $0 | $0 | $0 | 1 |
2021 · 5 people listed · 1 paid, $89K · 27 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| GRACE LOUIS | HEAD OF SCHO | 40 | $74,414 | $0 | $14,861 | $89,275 | 1 |
| EMILY CHEN | SECRETARY | 2 | $0 | $0 | $0 | $0 | 1 |
| HARVEY FELDSTEIN | TRUSTEE | 2 | $0 | $0 | $0 | $0 | 1 |
| CECILE HOHENLOHE | BOARD CHAIR | 2 | $0 | $0 | $0 | $0 | 1 |
| SONAM TENZING | TREASURER | 2 | $0 | $0 | $0 | $0 | 1 |
2018 · 4 people listed · none paid · 8 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| NOA CHRISTINA BEN-YEHUDA | HEAD OF SCHO | 40 | $0 | $0 | $0 | $0 | 1 |
| CECILE HOHENLOHOE | TRUSTEE | 2 | $0 | $0 | $0 | $0 | 1 |
| SONAM TENZING | TREASURER | 5 | $0 | $0 | $0 | $0 | 1 |
| MICHAEL DAMIAN | SECRETARY (A | 2 | $0 | $0 | $0 | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $2,472,622 | $2,752,205 | $646,684 | $482,982 | $872,251 | $1,599,507 | $92,700 | 37 | 6 |
| 2023 · Form 990 | ||||||||
| $2,320,582 | $2,360,869 | $1,780,046 | $1,623,558 | $920,008 | $1,399,700 | $84,198 | 32 | - |
| 2022 · Form 990 | ||||||||
| $1,832,352 | $1,542,472 | $1,740,720 | $1,663,845 | $1,025,700 | $806,128 | $90,966 | 31 | - |
| 2021 · Form 990 | ||||||||
| $1,144,791 | $1,222,411 | $1,422,715 | $1,373,965 | $479,344 | $664,897 | $74,414 | 27 | - |
| 2018 · Form 990 | ||||||||
| $518,642 | $326,388 | $210,152 | $192,254 | $431,981 | $86,083 | - | 8 | - |
Funders of this organization
4 grantors reported grants to this organization, $4,096,412 in all, tax years 2017 to 2024. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV
| Grantor | Type | Match | Years given | Grants | Total | Latest year | Latest year's amount | Grants |
|---|---|---|---|---|---|---|---|---|
| KHYENTSE FOUNDATION | Public charity | Exact | 2017, 2019-2024 | 9 | $4,069,728 | 2024 | $699,000 | show |
| RAYMOND JAMES CHARITABLE ENDOWMENT FUND | DAF sponsor | Exact | 2020 | 1 | $25,000 | 2020 | $25,000 | show |
| TIMELY RAIN | Private foundation | Fuzzy filed as “MIDDLE WAY SCHOOL” | 2023 | 1 | $1,000 | 2023 | $1,000 | show |
| AMAZONSMILE FOUNDATION | Private foundation | Fuzzy filed as “MIDDLE WAY SCHOOL” | 2020-2022 | 3 | $684 | 2022 | $344 | show |
Similar organizations
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| AURORA WALDORF SCHOOL | NY | B20 | $2,367,774 | $1,891,413 | ADMINISTRATOR | $39,967 | Same NTEE code B20, revenue within 2x, same state |
| DOANE STUART SCHOOL | NY | B20 | $2,213,298 | $3,442,793 | HEAD OF SCHOOL | $193,313 | Same NTEE code B20, revenue within 2x, same state |
| THE HAWTHORN SCHOOL INC | NY | B20 | $2,027,558 | $2,279,947 | PRESIDENT | $330,726 | Same NTEE code B20, revenue within 2x, same state |
| BRONXVILLE MONTESSORI SCHOOL | NY | B20 | $2,679,682 | $2,074,734 | 1374 MIDLAND AVENUE BRONXVILLE, NY 10708 | $0 | Same NTEE code B20, revenue within 2x, same state |
| ROBERT C PARKER SCHOOL | NY | B20 | $2,963,979 | $2,606,857 | HEAD OF SCHOOL | $127,000 | Same NTEE code B20, revenue within 2x, same state |
| ORANGETOWN MONSEY HEBREW SCHOOL INC | NY | B20 | $3,378,169 | $3,261,259 | DEAN | $298,567 | Same NTEE code B20, revenue within 2x, same state |
| LOVE OF LEARNING MONTESSORI SCHOOL | NY | B20 | $2,027,730 | $2,025,607 | Director | $0 | Same NTEE code B20, revenue within 2x, same state |
| HOMESTEAD SCHOOL SULLIVAN | NY | B20 | $3,457,242 | $3,518,216 | DIRECTOR | $97,721 | Same NTEE code B20, revenue within 2x, same state |
| PECONIC COMMUNITY SCHOOL | NY | B20 | $2,309,271 | $2,495,170 | TRUSTEE | $108,654 | Same NTEE code B20, revenue within 2x, same state |
| SHULAMITH SCHOOL FOR GIRLS OF BROOKLYN | NY | B20 | $1,957,565 | $2,530,662 | ED | $102,420 | Same NTEE code B20, revenue within 2x, same state |
| WHOLE CHILD ACADEMY | NY | B20 | $2,651,788 | $2,404,900 | President | $186,154 | Same NTEE code B20, revenue within 2x, same state |
| ISLAMIC CULTURAL CENTER SCHOOL | NY | B20 | $2,187,743 | $2,116,265 | DIRECTOR | $73,221 | Same NTEE code B20, revenue within 2x, same state |
| ALTERNATIVE SCHOOL FOR MATH AND SCIENCE | NY | B20 | $3,044,394 | $2,603,349 | ADMINISTRATIVE HEAD OF SCHOOL | $177,517 | Same NTEE code B20, revenue within 2x, same state |
| GREAT NECK COMMUNITY SCHOOL | NY | B20 | $1,668,013 | $1,386,441 | DIRECTOR | $94,001 | Same NTEE code B20, revenue within 2x, same state |
| LONG ISLAND HEBREW ACADEMY | NY | B20 | $1,764,131 | $1,832,781 | Chairman | $0 | Same NTEE code B20, revenue within 2x, same state |
| YESHIVA DERECH HATORAH-YESHIVAT MIZRACHI LBANIM | NY | B20 | $3,443,820 | $3,055,875 | PRESIDENT & DIRECTOR | $0 | Same NTEE code B20, revenue within 2x, same state |
| SAN MIGUEL ACADEMY OF NEWBURGH | NY | B20 | $2,008,784 | $1,173,817 | EXECUTIVE DIRECTOR | $77,738 | Same NTEE code B20, revenue within 2x, same state |
| MDQ ACADEMY | NY | B20 | $2,843,314 | $3,146,026 | FORMER PRINCIPAL | $54,388 | Same NTEE code B20, revenue within 2x, same state |
| ETHIOPIA EDUCATION INITIATIVES INC | NY | B20 | $2,389,126 | $2,137,369 | HEAD OF SCHOOL | $150,000 | Same NTEE code B20, revenue within 2x, same state |
| LEARNING & EDUCATIONAL SOLUTIONS INC | NY | B20 | $2,040,877 | $1,491,833 | President & CEO | $80,000 | Same NTEE code B20, revenue within 2x, same state |
| THE CRESCENT ACADEMY | NY | B20 | $2,386,559 | $613,424 | Director | $0 | Same NTEE code B20, revenue within 2x, same state |
| CANARSIE CHILDREN FIRST ACADEMY | NY | B20 | $2,757,746 | $1,985,272 | Site Direc | $183,162 | Same NTEE code B20, revenue within 2x, same state |
| IMAGO DEI MIDDLE SCHOOL | AZ | B20 | $3,038,610 | $2,907,776 | HEAD OF SCHOOL | $145,857 | Same NTEE code B20, revenue within 2x, similar name |
| REGENERATION MIDDLE SCHOOL | OH | B20 | $2,086,932 | $2,459,242 | Board President | $0 | Same NTEE code B20, revenue within 2x, similar name |
| WHITE CLAY SCHOOL | PA | B20 | $3,692,832 | $2,878,887 | BOARD MEMBER | $231,000 | Same NTEE code B20, revenue within 2x |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $2,752,205 spent · pay $1,789,761 · grants $456,861 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $1,557,344 | $929,477 | $627,867 | - | 56.6% | |
| Grants to US individuals | $456,861 | $456,861 | - | - | 16.6% | |
| Depreciation and depletion | $233,425 | $233,425 | - | - | 8.5% | |
| Payroll taxes | $129,962 | $77,566 | $52,396 | - | 4.7% | |
| Pay: officers, directors, trustees, key employees | $92,700 | $55,327 | $37,373 | - | 3.4% | |
| Other (as described) | REPAIRS AND MAINTENANCE | $61,719 | $405 | $61,314 | - | 2.2% |
| All other expenses | $48,863 | $8,117 | $26,188 | $14,558 | 1.8% | |
| Other (as described) | INSTRUCTIONAL | $28,285 | $28,285 | - | - | 1.0% |
| Occupancy | $27,711 | $5,011 | $22,700 | - | 1.0% | |
| Other (as described) | PROFESSIONAL DEVELOPMEN | $22,969 | $20,741 | $1,548 | $680 | 0.8% |
| Other (as described) | BAD DEBT | $18,773 | $18,773 | - | - | 0.7% |
| Fees: accounting | $14,000 | - | $14,000 | - | 0.5% | |
| Advertising and promotion | $13,746 | $4,715 | $8,112 | $919 | 0.5% | |
| Insurance | $12,815 | - | $12,815 | - | 0.5% | |
| Travel | $10,020 | $6,346 | $3,674 | - | 0.4% | |
| Other employee benefits | $9,755 | - | $9,755 | - | 0.4% | |
| Office expenses | $6,300 | $1,742 | $4,327 | $231 | 0.2% | |
| Information technology | $4,693 | $1,504 | $3,189 | - | 0.2% | |
| Fees: legal | $2,264 | - | $2,264 | - | 0.1% | |
| Total | $2,752,205 | 100% |
2023 · Form 990 · $2,360,869 spent · pay $1,574,459 · grants $461,435 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $1,358,546 | $1,101,523 | $252,023 | $5,000 | 57.5% | |
| Grants to US individuals | $461,435 | $461,435 | - | - | 19.5% | |
| Payroll taxes | $123,179 | $2,995 | $120,184 | - | 5.2% | |
| Other (as described) | REPAIRS AND MAINTENANCE | $97,385 | - | $97,385 | - | 4.1% |
| Pay: officers, directors, trustees, key employees | $84,198 | $68,579 | $15,619 | - | 3.6% | |
| Other (as described) | PROGRAM | $45,628 | $39,847 | $5,781 | - | 1.9% |
| Depreciation and depletion | $35,201 | $35,201 | - | - | 1.5% | |
| All other expenses | $31,753 | $5,894 | $25,109 | $750 | 1.3% | |
| Occupancy | $29,810 | $14,529 | $15,281 | - | 1.3% | |
| Other (as described) | PROFESSIONAL DEVELOPMENT | $27,797 | $21,093 | $6,704 | - | 1.2% |
| Fees: accounting | $13,000 | - | $13,000 | - | 0.6% | |
| Other (as described) | BANK CHARGES | $12,762 | $2,254 | $7,095 | $3,413 | 0.5% |
| Advertising and promotion | $11,497 | $722 | $10,775 | - | 0.5% | |
| Office expenses | $9,435 | $473 | $8,962 | - | 0.4% | |
| Other employee benefits | $8,536 | - | $8,536 | - | 0.4% | |
| Travel | $3,808 | $918 | $2,890 | - | 0.2% | |
| Information technology | $3,465 | - | $3,465 | - | 0.1% | |
| Fees: legal | $2,065 | $46 | $2,019 | - | 0.1% | |
| Insurance | $1,369 | - | $1,369 | - | 0.1% | |
| Total | $2,360,869 | 100% |
2022 · Form 990 · $1,542,472 spent · pay $1,202,111 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $989,163 | $874,661 | $114,502 | - | 64.1% | |
| Payroll taxes | $105,152 | $91,836 | $13,316 | - | 6.8% | |
| Pay: officers, directors, trustees, key employees | $90,966 | $68,686 | $22,280 | - | 5.9% | |
| Other (as described) | CONTRACT SERVICES | $90,894 | $29,992 | $60,902 | - | 5.9% |
| Other (as described) | REPAIRS AND MAINTENANCE | $45,090 | - | $45,090 | - | 2.9% |
| Other (as described) | PROGRAM | $42,467 | $36,075 | $6,392 | - | 2.8% |
| Depreciation and depletion | $33,045 | $30,124 | $2,921 | - | 2.1% | |
| Occupancy | $27,989 | $16,436 | $11,553 | - | 1.8% | |
| All other expenses | $21,447 | $4,255 | $17,192 | - | 1.4% | |
| Other (as described) | PROFESSIONAL DEVELOPMENT | $20,032 | $12,726 | $7,306 | - | 1.3% |
| Other employee benefits | $16,830 | - | $16,830 | - | 1.1% | |
| Fees: other services | $14,039 | $115 | $13,924 | - | 0.9% | |
| Fees: accounting | $13,000 | - | $13,000 | - | 0.8% | |
| Insurance | $8,373 | $1,940 | $6,433 | - | 0.5% | |
| Office expenses | $7,270 | $2,167 | $5,103 | - | 0.5% | |
| Advertising and promotion | $6,979 | $254 | $6,725 | - | 0.5% | |
| Information technology | $4,789 | - | $4,789 | - | 0.3% | |
| Travel | $2,518 | $462 | $2,056 | - | 0.2% | |
| Fees: legal | $2,429 | $2,429 | - | - | 0.2% | |
| Total | $1,542,472 | 100% |
2021 · Form 990 · $1,222,411 spent · pay $926,300 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $738,652 | $660,947 | $77,705 | - | 60.4% | |
| Other (as described) | CONTRACT SERVICES | $80,115 | $38,301 | $41,814 | - | 6.6% |
| Pay: officers, directors, trustees, key employees | $74,414 | $69,772 | $4,642 | - | 6.1% | |
| Payroll taxes | $74,328 | $66,800 | $7,528 | - | 6.1% | |
| Other (as described) | PROGRAM | $40,191 | $33,129 | $7,062 | - | 3.3% |
| Other employee benefits | $38,906 | $34,966 | $3,940 | - | 3.2% | |
| Other (as described) | REPAIRS AND MAINTENANCE | $35,387 | $21,232 | $14,155 | - | 2.9% |
| Depreciation and depletion | $28,822 | $25,901 | $2,921 | - | 2.4% | |
| Other (as described) | PROFESSIONAL DEVELOPMENT | $19,561 | $9,188 | $10,373 | - | 1.6% |
| Fees: other services | $18,573 | $16,095 | $2,478 | - | 1.5% | |
| All other expenses | $18,457 | $3,019 | $15,438 | - | 1.5% | |
| Occupancy | $15,459 | $8,512 | $6,947 | - | 1.3% | |
| Fees: accounting | $12,000 | - | $12,000 | - | 1.0% | |
| Insurance | $7,734 | $6,950 | $784 | - | 0.6% | |
| Office expenses | $7,034 | $297 | $6,737 | - | 0.6% | |
| Advertising and promotion | $5,302 | $1,878 | $3,424 | - | 0.4% | |
| Information technology | $4,139 | $1,366 | $2,773 | - | 0.3% | |
| Fees: legal | $3,329 | - | $3,329 | - | 0.3% | |
| Travel | $8 | - | $8 | - | 0.0% | |
| Total | $1,222,411 | 100% |
2018 · Form 990 · $326,388 spent · pay $196,179 · grants $0 · events $1,376
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $179,028 | $169,384 | $9,644 | - | 54.9% | |
| Occupancy | $39,930 | $34,421 | $5,509 | - | 12.2% | |
| Fees: management | $33,326 | $23,849 | $9,477 | - | 10.2% | |
| Office expenses | $23,786 | $20,526 | $3,260 | - | 7.3% | |
| Payroll taxes | $17,151 | $16,293 | $858 | - | 5.3% | |
| Advertising and promotion | $14,811 | $6,811 | $8,000 | - | 4.5% | |
| Insurance | $6,701 | $4,883 | $1,818 | - | 2.1% | |
| Travel | $6,652 | $1,000 | $5,652 | - | 2.0% | |
| Information technology | $1,967 | $1,770 | $197 | - | 0.6% | |
| Fees: legal | $1,660 | - | $1,660 | - | 0.5% | |
| Conferences, conventions and meetings | $1,376 | $1,238 | $138 | - | 0.4% | |
| Total | $326,388 | 100% |