Tara Hall
- Assets
- $1.9m
- Revenue
- $340.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Georgetown, SC
- Founding
- 05/1971
- Data as of
- 09/2022
- EIN
- 23-7111696
Organization Overview
Tara Hall is located in Georgetown, SC. The organization was established in 1971. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2022, Tara Hall employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tara Hall 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 09/2022, Tara Hall generated $340.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $626.4k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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
MINGO CREEK ACADEMY (MCA) IS A NEW SCHOOL MEETING OUR AREAS CRITICAL NEED FOR BOYS AND GIRLS AGES PRE-K 3 AND 4. LOCATED IN THE ROSE HILL COMMUNITY, THIS EARLY EDUCATION SCHOOL WILL PROVIDE GEORGETOWN AND WILLIAMSBURG AREA CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINGO CREEK ACADEMY (MCA) IS A NEW SCHOOL MEETING OUR AREAS CRITICAL NEED FOR BOYS AND GIRLS AGES PRE-K 3 AND 4. LOCATED IN THE ROSE HILL COMMUNITY, THIS EARLY EDUCATION SCHOOL WILL PROVIDE GEORGETOWN AND WILLIAMSBURG AREA CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Comeletia Pyatt Executive Dir. | Officer | 40 | $100,310 |
Ronald D Byrd Board Member | Trustee | 1 | $0 |
Lt Wilson Board Member | Trustee | 1 | $0 |
Merlethia Green Board Member | Trustee | 1 | $0 |
Bill Murray Board Member | Trustee | 1 | $0 |
Burt Sheffer Board Member | Trustee | 1 | $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 | $203,466 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,466 |
| Total Program Service Revenue | $0 |
| Investment income | $17,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| Net Gain/Loss on Asset Sales | $13,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,474 |
| 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. | $149,104 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,748 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,425 |
| Advertising and promotion | $1,753 |
| Office expenses | $7,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,939 |
| Insurance | $66,702 |
| All other expenses | $33,958 |
| Total functional expenses | $626,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,329 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $518,477 |
| Investments—publicly traded securities | $1,148,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,922,672 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,922,672 |
| 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 | $1,922,672 |