HOVNANIAN SCHOOL INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
HOVNANIAN SCHOOL INC (EIN 22-2126689)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202421359349310512
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T15:33:31-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN933292005PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SAVASTANO KAUFMAN ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121-00 ROUTE 208 SOUTH SUITE120AddressLine1Txt
CityFAIR LAWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07410ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222126689EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOVNANIAN SCHOOL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOVNBusinessNameControlTxt
Phone2019675940PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1817 RIVER ROADAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHILDA BARONIANPersonNm
Person TitleCOMPTROLLERPersonTitleTxt
Phone2019675940PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHILDAPersonFirstNm
Person LastBARONIANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRETT A REA CPAPreparerPersonNm
PTINP00089027PTIN
Phone2017967300PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHILDA BARONIANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1817 RIVER ROADAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,682,103GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHOVNANIANSCHOOLS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1976FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTO PROVIDE INSTRUCTION TO ENROLLED STUDENTS AND ENRICH THEM WITH THE ARMENIAN CULTURE AND HISTORY.ActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee63TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$53,857TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$52,857NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,848,955PYContributionsGrantsAmt
CY Contributions Grants$388,762CYContributionsGrantsAmt
PY Program Service Revenue$2,174,220PYProgramServiceRevenueAmt
CY Program Service Revenue$2,250,948CYProgramServiceRevenueAmt
PY Investment Income$67,759PYInvestmentIncomeAmt
CY Investment Income$280,511CYInvestmentIncomeAmt
PY Other Revenue$189,517PYOtherRevenueAmt
CY Other Revenue$360,012CYOtherRevenueAmt
PY Total Revenue$10,280,451PYTotalRevenueAmt
CY Total Revenue$3,280,233CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,193,622PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,201,201CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$136,309CYTotalFundraisingExpenseAmt
PY Other Expenses$1,279,492PYOtherExpensesAmt
CY Other Expenses$1,278,960CYOtherExpensesAmt
PY Total Expenses$3,473,114PYTotalExpensesAmt
CY Total Expenses$3,480,161CYTotalExpensesAmt
PY Revenues Less Expenses$6,807,337PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$199,928CYRevenuesLessExpensesAmt
Total Assets BOY$10,637,594TotalAssetsBOYAmt
Total Assets EOY$10,410,434TotalAssetsEOYAmt
Total Liabilities BOY$1,863,997TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,840,864TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,773,597NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,569,570NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE INSTRUCTION TO ENROLLED STUDENTS AND ENRICH THEM WITH THE ARMENIAN CULTURE AND HISTORY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,744,245ExpenseAmt
Revenue$2,250,948RevenueAmt
DescDAYTIME INSTRUCTION GIVEN TO APPROXIMATELY 131 STUDENTS, INCLUDING REGULAR PUBLIC SCHOOL CURRICULUM WITH ADDITIONAL ARMENIAN LANGUAGE AND HISTORY CLASSES.Desc
Total Program Service Expenses$2,744,245TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document38IRPDocumentCnt
IRP Document W2 G7IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee63EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HOVNANIAN SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2019675940PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1817 RIVER ROADAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
NAZAR ALTUN ESQ
CHAIRMAN2.00Yes (X)$0$0$0
SIRANOUSH DERVOGORMIYACIYAN
VICE-CHAIRMAN2.00Yes (X)$0$0$0
VICKEN ARSLANIAN
ADVISOR2.00Yes (X)$0$0$0
LENA DEROHANNESSIAN
SECRETARY2.00Yes (X)$0$0$0
BERTA ZAKIAN
ADVISOR2.00Yes (X)$0$0$0
AVAK UZATMACIYAN
ADVISOR2.00Yes (X)$0$0$0
CHRIS ISAKHANIAN
TREASURER2.00Yes (X)$0$0$0
ROBERT GARIPIAN
ADVISOR2.00Yes (X)$0$0$0
HRATCH KAPRIELIAN
ADVISOR2.00Yes (X)$0$0$0
KAREN NARGIZIAN
ADVISOR2.00Yes (X)$0$0$0
KRISTINE CASALI
ADVISOR2.00Yes (X)$0$0$0
GREGORY T SIMONIAN
ADVISOR2.00Yes (X)$0$0$0
SHANT MADJARIAN
ADVISOR2.00Yes (X)$0$0$0
LEVON TEMIZ
ADVISOR2.00Yes (X)$0$0$0
GREGORY KINOIAN
ADVISOR2.00Yes (X)$0$0$0
KIRK KAZAZIAN
ADVISOR2.00Yes (X)$0$0$0
KAROLIN CAKIRDAS
ADVISOR2.00Yes (X)$0$0$0
JEREMY CUTLER
ADVISOR2.00Yes (X)$0$0$0
ANI SHABAZIAN
ADVISOR2.00Yes (X)$0$0$0
CHRISTOPHER S SARAFIAN
ACTING HEAD OF SCHOOL40.00$89,870$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$89,870TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$47,871GovernmentGrantsAmt
All Other Contributions$340,891AllOtherContributionsAmt
Noncash Contributions$64,077NoncashContributionsAmt
Total Contributions$388,762TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION /REGISTRATION611710$1,761,658$1,761,658
PROGRAM OTHER611710$489,290$489,290
FieldValueIRS element (for citing)
Total Program Service Revenue$2,250,948TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,035TotalRevenueColumnAmt
Exclusion$51,035ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$60,458RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$6,601RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$53,857RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$53,857TotalRevenueColumnAmt
Unrelated Business Revenue$53,857UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$624,745SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$395,269SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$229,476SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$229,476TotalRevenueColumnAmt
Exclusion$229,476ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$306,155FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$306,155TotalRevenueColumnAmt
Exclusion$306,155ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,280,233TotalRevenueColumnAmt
Related Or Exempt Func Income$2,250,948RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$53,857UnrelatedBusinessRevenueAmt
Exclusion$586,666ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$89,125TotalAmt
Program Services$89,125ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,885,660TotalAmt
Program Services$1,489,891ProgramServicesAmt
Management And General$395,769ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$58,361TotalAmt
Program Services$46,665ProgramServicesAmt
Management And General$11,696ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$168,055TotalAmt
Program Services$134,375ProgramServicesAmt
Management And General$33,680ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$30,311TotalAmt
Management And General$30,311ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$500TotalAmt
Management And General$500ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$17,036TotalAmt
Program Services$11,755ProgramServicesAmt
Management And General$5,281ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$66,367TotalAmt
Program Services$45,793ProgramServicesAmt
Management And General$20,574ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$63,562TotalAmt
Program Services$43,858ProgramServicesAmt
Management And General$19,704ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$138,189TotalAmt
Program Services$138,189ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$45,695TotalAmt
Program Services$31,530ProgramServicesAmt
Management And General$14,165ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$146,463TotalAmt
Program Services$131,817ProgramServicesAmt
Management And General$14,646ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$132,466TotalAmt
Program Services$119,219ProgramServicesAmt
Management And General$13,247ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BUILDING REPAIRS & MAIN$142,365$128,129$14,236
FUNDRAISING AND SPECIAL$136,309$136,309
EXPENSES FOR OTHER PROG$94,333$94,333
UTILITIES$74,771$67,294$7,477

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$190,593TotalAmt
Program Services$172,272ProgramServicesAmt
Management And General$18,321ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,480,161TotalAmt
Program Services$2,744,245ProgramServicesAmt
Management And General$599,607ManagementAndGeneralAmt
Fundraising$136,309FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$665,152BOYAmt
EOY$266,379EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,293,608BOYAmt
EOY$3,737,940EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$85,971BOYAmt
EOY$60,643EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$3,378BOYAmt
EOY$3,306EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$30,405BOYAmt
EOY$31,330EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,158,757LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,893,048LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,360,456BOYAmt
EOY$2,265,709EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,198,624BOYAmt
EOY$4,045,127EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,637,594BOYAmt
EOY$10,410,434EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$356,806BOYAmt
EOY$358,514EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$149,701BOYAmt
EOY$255,180EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,357,490BOYAmt
EOY$1,225,517EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,653EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,863,997BOYAmt
EOY$1,840,864EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,773,331BOYAmt
EOY$1,886,693EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,000,266BOYAmt
EOY$6,682,877EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,773,597BOYAmt
EOY$8,569,570EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,637,594BOYAmt
EOY$10,410,434EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$199,928ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$8,292NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$12,391OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$3,408,838InvestmentCostOrOtherBasisAmt
Depreciation$1,985,319DepreciationAmt
Book Value$1,423,519BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,323,967InvestmentCostOrOtherBasisAmt
Depreciation$549,669DepreciationAmt
Book Value$774,298BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$314,323InvestmentCostOrOtherBasisAmt
Depreciation$246,431DepreciationAmt
Book Value$67,892BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$111,629InvestmentCostOrOtherBasisAmt
Depreciation$111,629DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,265,709TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
KAZAZIAN CAPITAL OFFSHORE FUND$850,668F
UBS FINANCIAL SERVICES$3,194,459F
FieldValueIRS element (for citing)
Total Book Value Securities$4,045,127TotalBookValueSecuritiesAmt
Federal Income Tax Liability$1,178FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSECURITY DEPOSITDesc
Amt$475Amt
FieldValueIRS element (for citing)
Total Liability$1,653TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,288,525TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$8,292NetUnrealizedGainsInvstAmt
Revenue Not Reported$8,292RevenueNotReportedAmt
Revenue Subtotal$3,280,233RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,280,233TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,480,161TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,480,161ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,480,161TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SCHOOL FOLLOWS THE ACCOUNTING STANDARDS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES WHICH PERMIT IT TO RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THROUGH THE YEAR ENDED JUNE 30, 2023, MANAGEMENT IS OF THE OPINION THAT THERE ARE NO UNCERTAIN INCOME TAX POSITIONS. ACCORDINGLY, THE SCHOOL HAS RECOGNIZED NO ADJUSTMENT FOR UNCERTAIN INCOME TAX POSITIONS IN THE STATEMENT OF ACTIVITIES.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs0MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3AT THE BEGINNING OF EVERY ACADEMIC YEAR, ADVERTISEMENTS ARE PLACED IN LOCAL NEWSPAPERS.
SCHEDULE E, PART I, LINE 4NO RECORDS NEEDED, NO SCHOLARSHIPS AND ASSISTANCE AWARDED.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1PARENT PARTICIPATIONEvent1Nm
Gross Receipts Event1$98,496GrossReceiptsEvent1Amt
Gross Revenue Event1$98,496GrossRevenueEvent1Amt
Event2OTHER COMMITTEE AND SPECIAL EVENTSEvent2Nm
Gross Receipts Event2$207,659GrossReceiptsEvent2Amt
Gross Revenue Event2$207,659GrossRevenueEvent2Amt
Gross Receipts Total$306,155GrossReceiptsTotalAmt
Gross Revenue Total Events$306,155GrossRevenueTotalEventsAmt
Net Income Summary$306,155NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$10,082NoncashContributionsRptF990Amt
Method Of Determining RevenuesQUOTED MARKET PRICEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescFLOORING INVENTORYDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$5,975NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS.
FORM 990, PART VI, SECTION C, LINE 18FORM 990 CAN BE ACCESSED UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. IT PUBLISHES THE AVAILABILITY OF THESE DOCUMENTS IN AN ADVERTISEMENT IN AN ACCEPTABLE PUBLICATION.
FORM 990, PART IX, LINE 24EFIELD TRIPS: PROGRAM SERVICE EXPENSES 67,066. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,066. DONATED SUPPLIES: PROGRAM SERVICE EXPENSES 31,820. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,820. SCHOOL SUPPLIES: PROGRAM SERVICE EXPENSES 28,033. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,033. TRANSPORTATION: PROGRAM SERVICE EXPENSES 23,838. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,838. DONATED SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,930. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,930. LEASE EXPENSE: PROGRAM SERVICE EXPENSES 6,735. MANAGEMENT AND GENERAL EXPENSES 3,027. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,762. TELEPHONE: PROGRAM SERVICE EXPENSES 5,263. MANAGEMENT AND GENERAL EXPENSES 2,364. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,627. AFTER SCHOOL ACTIVITIES: PROGRAM SERVICE EXPENSES 4,020. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,020. LANGUAGE PROGRAMS: PROGRAM SERVICE EXPENSES 3,150. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,150. BOOK FAIR: PROGRAM SERVICE EXPENSES 2,347. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,347.

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