Thomas Heyward Academy Inc
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 60
- Location
- Ridgeland, SC
- Founding
- 08/1970
- Data as of
- 05/2024
- EIN
- 23-7075014
Organization Overview
Thomas Heyward Academy Inc is located in Ridgeland, SC. The organization was established in 1970. 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 05/2024, Thomas Heyward Academy Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Heyward Academy Inc 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 05/2024, Thomas Heyward Academy Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.1m during the year ending 05/2024. While expenses have increased by 2.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF STUDENTS K4-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF APPROXIMATELY 295 CHILDREN IN GRADES K-3 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Malphrus Vice Chairperson | Trustee | 3 | $0 |
Bonnie Bennett Chairperson | Trustee | 5 | $0 |
Nicole Palazzo Member | Trustee | 3 | $0 |
Tommy Stanley Member | Trustee | 3 | $0 |
Jeffery Mingledorff Treasurer | Trustee | 3 | $0 |
Colby Crosby Member | Trustee | 3 | $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 | $181,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,385 |
| Total Program Service Revenue | $1,888,399 |
| Investment income | $3,865 |
| 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 | $2,073,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,333 |
| Compensation of current officers, directors, key employees. | $8,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,111,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $95,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,236 |
| Office expenses | $4,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $17,002 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,672 |
| Insurance | $63,369 |
| All other expenses | $229,602 |
| Total functional expenses | $2,050,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,510 |
| Savings and temporary cash investments | $805,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,051 |
| 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 | $1,078,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,108,388 |
| Accounts payable and accrued expenses | $146,479 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $146,479 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $270,275 |
| Retained earnings, endowment, accumulated income, or other funds | $1,691,634 |
| Total liabilities and net assets/fund balances | $2,108,388 |