Hvs Corp
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Ypsilanti, MI
- Founding
- 09/2000
- Data as of
- 06/2021
- EIN
- 38-3543994
Organization Overview
Hvs Corp is located in Ypsilanti, MI. The organization was established in 2000. 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 06/2021, Hvs Corp employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hvs Corp 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 06/2021, Hvs Corp generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SCHOOL IS TO PROVIDE A QUALITY CATHOLIC EDUCATION TO THE CHILDREN IN THE ANN ARBOR-YPSILANTI AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S PRIMARY FUNCTION, PURPOSE AND GOAL IS TO PROVIDE HIGH QUALITY CATHOLIC EDUCATION TO PRE-KINDERGARTEN THROUGH EIGHTH GRADE STUDENTS. DURING THE 2020-2021 SCHOOL YEAR APPROXIMATELY 180 STUDENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Smith Chairman/director | OfficerTrustee | 1 | $0 |
Pete Burak Vice Chair/director | OfficerTrustee | 1 | $0 |
Sharon Price Secretary/edu Policy/director | OfficerTrustee | 1 | $0 |
Peter Benedetto Treasurer/build&grounds/dir | OfficerTrustee | 1 | $0 |
Christi Mangan Enrollment & Marketing/director | Trustee | 1 | $0 |
Erica Labbe Events & Fundraising/director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,321 |
| Total Program Service Revenue | $846,643 |
| Investment income | $111,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,593 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,387,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $208,985 |
| 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 | $544,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,181 |
| Payroll taxes | $43,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,915 |
| Office expenses | $9,902 |
| Information technology | $6,107 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,833 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,411 |
| Insurance | $20,713 |
| All other expenses | $39,690 |
| Total functional expenses | $1,304,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $517,164 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,673 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,473,006 |
| Investments—publicly traded securities | $423,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,826 |
| Total assets | $2,431,280 |
| Accounts payable and accrued expenses | $3,281 |
| Grants payable | $0 |
| Deferred revenue | $21,850 |
| 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 | $25,131 |
| Net assets without donor restrictions | $2,155,060 |
| Net assets with donor restrictions | $251,089 |
| 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 | $2,431,280 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hvs Corp has recieved totaling $10,331.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $131 |
Endowment Analysis
| Beg. Balance | $311,575 |
| Earnings | $111,464 |
| Ending Balance | $423,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillel Day School Of Metropolitan Detroit Farmington Hills, MI | $33,929,140 | $16,693,073 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Oaks Academy Inc Indianapolis, IN | $7,476,421 | $17,454,996 |
Yeshiva Derech Hatorah Cleveland Heights, OH | $14,161,211 | $18,658,686 |
Old Trail School Bath, OH | $25,123,722 | $12,148,304 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Zeeland Christian School Zeeland, MI | $19,623,288 | $11,238,716 |
Kalamazoo Christian School Association Kalamazoo, MI | $19,698,055 | $12,128,711 |
Cornerstone Academy Community School Westerville, OH | $16,929,635 | $10,436,135 |