Hillside School
- Assets
- $39.3m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 65
- Location
- Marlborough, MA
- Founding
- 07/1943
- Data as of
- 06/2024
- 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 06/2024, Hillside School employed 65 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 06/2024, Hillside School generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2024. 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
2024
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Chase Jr Head Of School | Trustee | 40 | $395,000 |
Fang Qi Chief Financial Officer | Officer | 40 | $182,914 |
Emily Kent Assistant Head For Advance | Trustee | 40 | $158,950 |
Thomas Pipoli Dean Of Faculty & Academics | 40 | $138,548 | |
Sean Hayes Director Of Admissions | Officer | 40 | $125,165 |
Josh Gross President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $737,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,114 |
| Total Program Service Revenue | $9,097,095 |
| Investment income | $617,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,798,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $739,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $591,172 |
| Compensation of current officers, directors, key employees. | $502,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,538,744 |
| Pension plan accruals and contributions | $113,390 |
| Other employee benefits | $284,787 |
| Payroll taxes | $302,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,065 |
| Fees for services: Accounting | $47,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,495 |
| Fees for services: Other | $106,444 |
| Advertising and promotion | $67,125 |
| Office expenses | $150,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $945,929 |
| Travel | $171,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $509,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $894,347 |
| Insurance | $160,632 |
| All other expenses | $12,500 |
| Total functional expenses | $9,622,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,859,326 |
| Savings and temporary cash investments | $2,889,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,757,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,599 |
| Prepaid expenses and deferred charges | $86,550 |
| Net Land, buildings, and equipment | $20,267,303 |
| Investments—publicly traded securities | $9,170,789 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,294,917 |
| Total assets | $39,343,650 |
| Accounts payable and accrued expenses | $1,489,838 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $14,757,741 |
| 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 | $8,921,843 |
| Total liabilities | $25,169,422 |
| Net assets without donor restrictions | $11,281,616 |
| Net assets with donor restrictions | $2,892,612 |
| 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 | $39,343,650 |