Harmony School Corporation
- Assets
- $7.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 49
- Location
- Bloomington, IN
- Founding
- 08/1983
- Data as of
- 08/2022
- EIN
- 35-1554219
Organization Overview
Harmony School Corporation is located in Bloomington, IN. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2022, Harmony School Corporation employed 49 individuals. This organization is the central organization for a national or regional group of organizations. Harmony School Corporation 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 08/2022, Harmony School Corporation generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.6m during the year ending 08/2022. 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
THE MISSION OF HARMONY SCHOOL IS TO EDUCATE AND PREPARE YOUNG PEOPLE TO LIVE IN AND CONTRIBUTE TO A HETEROGENEOUS DECMOCRATIC COUNTRY, THROUGH THE DEVELOPMENT OF THE WHOLE STUDENT BY TEACHING CRITICAL THINKING AND ACADEMIC SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF HARMONY SCHOOL IS TO EDUCATE AND PREPARE YOUNG PEOPLE TO LIVE IN AND CONTRIBUTE TO A HETEROGENEOUS DECMOCRATIC COUNTRY, THROUGH THE DEVELOPMENT OF THE WHOLE STUDENT BY TEACHING CRITICAL THINKING AND ACADEMIC SKILLS.
THE MISSION OF HARMONY SCHOOL IS TO EDUCATE AND PREPARE YOUNG PEOPLE TO LIVE IN AND CONTRIBUTE TO A HETEROGENEOUS DECMOCRATIC COUNTRY, THROUGH THE DEVELOPMENT OF THE WHOLE STUDENT BY TEACHING CRITICAL THINKING AND ACADEMIC SKILLS.
THE MISSION OF HARMONY SCHOOL IS TO EDUCATE AND PREPARE YOUNG PEOPLE TO LIVE IN AND CONTRIBUTE TO A HETEROGENEOUS DECMOCRATIC COUNTRY, THROUGH THE DEVELOPMENT OF THE WHOLE STUDENT BY TEACHING CRITICAL THINKING AND ACADEMIC SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bonchek President | OfficerTrustee | 50 | $72,974 |
Jesse Goodman Treasurer | Trustee | 2 | $0 |
Elizabeth Gwynn Secretary | Trustee | 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 | $1,684,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,684,096 |
| Total Program Service Revenue | $1,036,487 |
| Investment income | $147,314 |
| 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 | $3,298,092 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $967,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,010 |
| Payroll taxes | $72,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,595 |
| Office expenses | $18,184 |
| Information technology | $20,293 |
| Royalties | $0 |
| Occupancy | $46,313 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,605 |
| Insurance | $19,946 |
| All other expenses | $1,677 |
| Total functional expenses | $1,634,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,958 |
| Savings and temporary cash investments | $452,224 |
| 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 | $3,156,789 |
| Investments—publicly traded securities | $3,061,664 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,248 |
| Total assets | $6,995,883 |
| 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 | $2,366 |
| Total liabilities | $2,366 |
| Net assets without donor restrictions | $4,937,146 |
| Net assets with donor restrictions | $2,056,371 |
| 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 | $6,995,883 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harmony School Corporation has recieved totaling $36,962.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,100 |
Community Foundation Of Bloomington And Monroe County Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,862 |
Endowment Analysis
| Beg. Balance | $2,346,400 |
| Earnings | -$315,074 |
| Admin Expense | $8,593 |
| Other Expense | $183,000 |
| Ending Balance | $1,839,733 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |