High Point Academy
- Assets
- $17.3m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 87
- Location
- Pasadena, CA
- Founding
- 02/1973
- Data as of
- 07/2022
- EIN
- 23-7253533
Organization Overview
High Point Academy is located in Pasadena, CA. The organization was established in 1973. 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 07/2022, High Point Academy employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point Academy 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 07/2022, High Point Academy generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $6.9m during the year ending 07/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT SCHOOL FOR CHILDREN, GRADES KINDERGARTEN THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH POINT ACADEMY PROVIDED QUALITY EDUCATION TO APPROXIMATELY 335 CHILDREN, GRADES KINDERGARTEN TO EIGHT. ON AVERAGE, 95-100% OF THE GRADUATING CLASS ARE ACCEPTED INTO FRESHMAN CLASSES OF OUTSTANDING INDEPENDENT (PRIVATE) SECONDARY SCHOOLS PRIMARILY IN THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Daniels CFO | Officer | 40 | $167,330 |
Timothy Burns Head Of School (jun 21-Dec 21) | Officer | 40 | $155,708 |
Kristin Haines Head Of School (jan 22-Jun 22) | Officer | 40 | $145,839 |
Jessica Butterfield Director Of Curriculum & I | 40 | $114,309 | |
Gintaras Valiulis Classroom Teacher | 40 | $109,572 | |
Juan Gomez-Novy Board Chair | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles K Dusenberry Ii Inc Construction | 7/30/22 | $231,783 |
Knowing Technologies Llc It Services | 7/30/22 | $162,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $114,149 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,992 |
| Total Program Service Revenue | $6,586,442 |
| Investment income | $381,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$39,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,480,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $243,636 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $397,229 |
| Compensation of current officers, directors, key employees. | $397,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,615,903 |
| Pension plan accruals and contributions | $187,757 |
| Other employee benefits | $403,901 |
| Payroll taxes | $293,810 |
| Fees for services: Management | $124,089 |
| Fees for services: Legal | $23,638 |
| Fees for services: Accounting | $26,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,284 |
| Fees for services: Other | $495,101 |
| Advertising and promotion | $33,517 |
| Office expenses | $89,455 |
| Information technology | $78,372 |
| Royalties | $0 |
| Occupancy | $293,001 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,311 |
| Interest | $1,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,687 |
| Insurance | $98,770 |
| All other expenses | $0 |
| Total functional expenses | $6,919,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,488,762 |
| 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 | $98,100 |
| Net Land, buildings, and equipment | $5,753,278 |
| Investments—publicly traded securities | $9,952,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,293,125 |
| Accounts payable and accrued expenses | $281,864 |
| Grants payable | $0 |
| Deferred revenue | $723,500 |
| 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 | $1,005,364 |
| Net assets without donor restrictions | $15,901,152 |
| Net assets with donor restrictions | $386,609 |
| 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 | $17,293,125 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that High Point Academy has recieved totaling $19,741.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $11,600 |
Yinchin Foundation Moreno Valley, CA PURPOSE: TO CREATE A GREATER GLOBAL IMPACT | $3,500 |
Robert And Shirley Yu Charitable Foundation Alhambra, CA PURPOSE: TO KEEP TUITION AFFORDABLE, AS WELL CONTINUE TO EXPAND AND ENHANCE PROGRAMS, FACILITIES AND OPPORTUNITIES FOR STUDENTS | $3,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $641 |
Endowment Analysis
| Beg. Balance | $10,485,377 |
| Earnings | -$782,391 |
| Net Contributions | $584,813 |
| Other Expense | $334,814 |
| Ending Balance | $9,952,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |
John Thomas Dye School Los Angeles, CA | $79,181,916 | $17,060,481 |