Iowa Mennonite School
- Assets
- $3.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Kalona, IA
- Founding
- 02/1979
- Data as of
- 06/2022
- EIN
- 42-0810248
Organization Overview
Iowa Mennonite School, operating under the name Hillcrest Academy, is located in Kalona, IA. The organization was established in 1979. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hillcrest Academy employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillcrest 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 06/2022, Hillcrest Academy generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. 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
TO OFFER HIGH SCHOOL STUDENTS AN ACADEMICALLY EXCELLENT, CHRIST-CENTERED EDUCATION. WITHIN A CARING COMMUNITY, HILLCREST ACADEMY PREPARES STUDENTS FOR LIVES OF CHRISTIAN DISCIPLESHIP, PEACEMAKING AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT HILLCREST ACADEMY WE NOT ONLY OFFER EXCELLENCE IN ACADEMICS AND OUTSCORE NATIONAL AVERAGES, BUT WE ALSO HAVE AN ABUNDANCE OF EXTRACURRICULAR ACTIVITIES FOR ALL OF YOUR INTERESTS. WITH A 5:1 STUDENT-TEACHER RATIO, TEACHERS AND STAFF PASSIONATE ABOUT THEIR WORK, AND A FRIENDLY STUDENT BODY READY TO WELCOME YOU AS ONE OF US, AT HILLCREST ACADEMY YOU WON'T GET LOST IN THE CROWD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Coblentz Secretary | OfficerTrustee | 2 | $0 |
Fred Gingerich President | OfficerTrustee | 2 | $0 |
Beth Swantz Vice Preside | OfficerTrustee | 2 | $0 |
Joel Beachy Board Member | Trustee | 1 | $0 |
Heather Bender Board Member | Trustee | 1 | $0 |
Gregg Fox Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,137,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,167,956 |
| Total Program Service Revenue | $369,172 |
| Investment income | -$104,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,279 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,559,598 |
| 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 | $958,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,897 |
| Payroll taxes | $78,218 |
| 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 | $6,984 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,843 |
| Information technology | $4,680 |
| Royalties | $0 |
| Occupancy | $59,755 |
| Travel | $3,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,307 |
| Interest | $409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,041 |
| Insurance | $56,508 |
| All other expenses | $116,419 |
| Total functional expenses | $1,921,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,821 |
| Savings and temporary cash investments | $12,354 |
| 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 | $2,746,758 |
| Investments—publicly traded securities | $755,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,663,931 |
| Accounts payable and accrued expenses | $40,971 |
| Grants payable | $0 |
| Deferred revenue | $29,021 |
| 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 | $69,992 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,593,939 |
| Total liabilities and net assets/fund balances | $3,663,931 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Mennonite School has recieved totaling $41,123.
| Awarding Organization | Amount |
|---|---|
Iowa Independent School Tuition Organization Des Moines, IA PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS | $26,123 |
Hills Bank Donor Advised Gift Fund North Liberty, IA PURPOSE: General support | $15,000 |
Endowment Analysis
| Beg. Balance | $901,930 |
| Earnings | -$104,776 |
| Admin Expense | $6,984 |
| Other Expense | $34,171 |
| Ending Balance | $755,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |
Yeshivas Kesser Yonah Chicago, IL | $9,411,885 | $10,390,976 |