Hillsboro Charter Academy
- Assets
- $1.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Purcellville, VA
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-2544447
Organization Overview
Hillsboro Charter Academy is located in Purcellville, VA. The organization was established in 2015. 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 06/2022, Hillsboro Charter Academy employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsboro Charter 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, Hillsboro Charter Academy generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $2.6m 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
PUBLIC CHARTER SCHOOL, GRADES KINDERGARTEN THROUGH 5TH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY PROGRAM IS THE FULL OPERATION OF A PUBLIC CHARTER SCHOOL. REVENUE REPRESENTS THE PER PUPIL ALLOCATION FROM LOUDOUN COUNTY PUBLIC SCHOOL DISTRICT, MISCELLANEOUS REVENUE, AND LUNCH REVENUES. EXPENSES INCLUDE ALL OF THE PROGRAM EXPENSES RELATED TO THE SCHOOL OPERATIONS (PRIMARY PAYROLL, BUSES, SPECIAL EDUCATION, AND GENERAL EDUCATION OPERATIONS).THE DEFICIT IS MET THROUGH FUNDRAISING.
THE SCHOOL OPERATES A LUNCH PROGRAM, INCLUDING FREE AND REDUCED LUNCHES TO DISADVANTAGED STUDENTS. THIS PROGRAM IS INCLUDED IN THE ANNUAL BUDGET PREPARED BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Vickers Principal | Trustee | 40 | $98,700 |
Ronda Powell Secretary | OfficerTrustee | 3 | $0 |
Brian King Vice Preside | OfficerTrustee | 3 | $0 |
Joe Luppino-Esposito President | Officer | 6 | $0 |
Eric Egger Treasurer | Trustee | 3 | $0 |
Roger Vance Hillsboro Re | Trustee | 3 | $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 | $8,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,551 |
| Total Program Service Revenue | $2,801,624 |
| Investment income | $2,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,861,340 |
| 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 | $1,068,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $332,928 |
| Payroll taxes | $149,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,864 |
| Fees for services: Accounting | $14,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,257 |
| Advertising and promotion | $899 |
| Office expenses | $41,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $381,109 |
| Travel | $14,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,829 |
| All other expenses | $63,540 |
| Total functional expenses | $2,642,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,241,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,881 |
| 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 | $494 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,386 |
| Total assets | $1,282,873 |
| Accounts payable and accrued expenses | $13,328 |
| 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 | $175,513 |
| Total liabilities | $188,841 |
| Net assets without donor restrictions | $1,094,032 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,282,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hillsboro Charter Academy has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northern Virginia Inc Oakton, VA PURPOSE: EDUCATION | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |