Hillside School
- Assets
- $33.0m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Marlborough, MA
- Founding
- 07/1943
- Data as of
- 06/2022
- EIN
- 04-2111216
Organization Overview
Hillside School is located in Marlborough, MA. The organization was established in 1943. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hillside School employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillside School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Hillside School generated $9.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE MIDDLE SCHOOL BOYS- ACADEMICALLY, SOCIALLY, ATHLETICALLY, AND SPIRITUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - PROVIDING EDUCATION TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Chase Jr Head Of School | Trustee | 40 | $398,708 |
Fang Qi Cheif Financial Officer | 40 | $171,875 | |
Emily Kent Assistant Head For Advance | Trustee | 40 | $135,001 |
Sean Hayes Director Of Admission | 40 | $120,603 | |
Karen Corbin Former Controller | 40 | $104,152 | |
Josh Gross Preisdent | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $802,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $529,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,331,507 |
| Total Program Service Revenue | $6,917,265 |
| Investment income | $43,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $227,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,104,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,026,166 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $930,339 |
| Compensation of current officers, directors, key employees. | $795,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,835,234 |
| Pension plan accruals and contributions | $100,938 |
| Other employee benefits | $310,663 |
| Payroll taxes | $287,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,684 |
| Fees for services: Accounting | $44,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,423 |
| Fees for services: Other | $180,949 |
| Advertising and promotion | $54,224 |
| Office expenses | $172,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $751,650 |
| Travel | $73,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $536,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $916,949 |
| Insurance | $131,096 |
| All other expenses | $2,202 |
| Total functional expenses | $9,283,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,240 |
| Savings and temporary cash investments | $3,576,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,662,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,531 |
| Prepaid expenses and deferred charges | $88,970 |
| Net Land, buildings, and equipment | $20,088,344 |
| Investments—publicly traded securities | $5,555,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,496,596 |
| Total assets | $33,049,340 |
| Accounts payable and accrued expenses | $1,574,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,456,766 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,444,117 |
| Total liabilities | $21,475,735 |
| Net assets without donor restrictions | $8,771,613 |
| Net assets with donor restrictions | $2,801,992 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,049,340 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hillside School has recieved totaling $141,967.
| Awarding Organization | Amount |
|---|---|
William E Connor Foundation Inc Reno, NV PURPOSE: DONATION ON BEHALF OF WILLIAM E AND JACQUE CONNOR - 3RD OF 5 ANNUAL INSTALLMENTS | $60,000 |
National Society Of The Daughters Of The American Revolution Washington, DC PURPOSE: EDUCATIONAL GRANT | $46,387 |
The Emily Hall Tremaine Foundation Inc New Haven, CT PURPOSE: EDUCATION - GENERAL OPERATING | $7,850 |
Tua Louis & Leona Cleaves Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $7,119 |
Greater Worcester Community Foundation Inc Worcester, MA PURPOSE: UNRESTRICTED | $6,088 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: EDUCATION/ACADEMIC | $5,373 |
Endowment Analysis
| Beg. Balance | $1,691,436 |
| Ending Balance | $1,691,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |