Hoosac School
- Assets
- $13.8m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Hoosick, NY
- Founding
- 04/1944
- Data as of
- 06/2023
- EIN
- 13-1687137
Organization Overview
Hoosac School is located in Hoosick, NY. The organization was established in 1944. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Hoosac School employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoosac 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 06/2023, Hoosac School generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $10.5m during the year ending 06/2023. While expenses have increased by 8.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A QUALITY, PRIVATE, HIGH SCHOOL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL & GENERAL SERVICES - SERVED APPROXIMATELY 220 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Foster Head Master | 40 | $200,000 | |
Kathryn Weaver Business Manager | 40 | $140,000 | |
Eric Benson Trustee | Trustee | 0 | $0 |
Allison Spitz Trustee | Trustee | 0 | $0 |
Craig Kennedy Vc Planning | Trustee | 0 | $0 |
Mitchell Toro Trustee | Trustee | 0 | $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 | $3,598,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,598,517 |
| Total Program Service Revenue | $9,691,456 |
| Investment income | $65,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,355,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,181,363 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $340,000 |
| Compensation of current officers, directors, key employees. | $340,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,973,818 |
| Pension plan accruals and contributions | $42,968 |
| Other employee benefits | $362,394 |
| Payroll taxes | $186,721 |
| Fees for services: Management | $2,000 |
| Fees for services: Legal | $70,052 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374,884 |
| Advertising and promotion | $83,754 |
| Office expenses | $95,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,871 |
| Travel | $17,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,674 |
| Insurance | $178,897 |
| All other expenses | $50,389 |
| Total functional expenses | $10,497,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $714,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,450,154 |
| Investments—publicly traded securities | $5,478,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $955,327 |
| Total assets | $13,800,102 |
| Accounts payable and accrued expenses | $364,510 |
| Grants payable | $0 |
| Deferred revenue | $3,135,627 |
| Tax-exempt bond liabilities | $0 |
| 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 | $823,206 |
| Total liabilities | $4,323,343 |
| Net assets without donor restrictions | $6,256,078 |
| Net assets with donor restrictions | $3,220,681 |
| 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 | $13,800,102 |