Hill School Corporation Of Middleburg
- Assets
- $37.8m
- Revenue
- $8.6m
- Investments
- $11.2m
- Employees
- 82
- Location
- Middleburg, VA
- Founding
- 11/2007
- Data as of
- 06/2022
- EIN
- 54-1938041
Organization Overview
Hill School Corporation Of Middleburg is located in Middleburg, VA. The organization was established in 2007. 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 06/2023, Hill School Corporation Of Middleburg employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hill School Corporation Of Middleburg 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, Hill School Corporation Of Middleburg generated $8.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 1.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HILL SCHOOL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WHICH EDUCATES 251 STUDENTS IN GRADES PRE-K TO 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL RECEIVES TUITION INCOME FROM 251 STUDENTS IN GRADES PREK-8. IT PAYS THE FACULTY, MAINTAINS THE BUILDINGS AND GROUNDS AND CARRIES ON OTHER SCHOOL FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Treavor Lord Headmaster | OfficerTrustee | 40 | $217,432 |
Michael Howland President | OfficerTrustee | 2 | $0 |
David Walker Director | Trustee | 2 | $0 |
Anne Dupont Westbrook Director | Trustee | 2 | $0 |
Charles Ellison Treasurer | OfficerTrustee | 2 | $0 |
Barbara Scott Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Capital Campaign Consulting | 6/29/23 | $351,875 |
D H Service Company Cleaning | 6/29/23 | $130,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,401,070 |
| Investment income | $222,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$74,967 |
| Net Gain/Loss on Asset Sales | $333,802 |
| Net Income from Fundraising Events | -$108,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,636,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,137,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $309,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,397,259 |
| Pension plan accruals and contributions | $341,553 |
| Other employee benefits | $0 |
| Payroll taxes | $422,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,378 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55,893 |
| Information technology | $103,438 |
| Royalties | $0 |
| Occupancy | $180,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $160,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $633,447 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,205,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $2,847,777 |
| Pledges and grants receivable | $500 |
| Accounts receivable, net | $532,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,431 |
| Prepaid expenses and deferred charges | $22,993 |
| Investments—publicly traded securities | $3,966,381 |
| Investments—other securities | $11,206,048 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,059,684 |
| Total assets | $37,769,304 |
| Accounts payable and accrued expenses | $525,832 |
| Grants payable | $0 |
| Deferred revenue | $1,015,816 |
| 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 | $8,822,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,819 |
| Total liabilities | $10,418,621 |
| Net assets without donor restrictions | $19,168,329 |
| Net assets with donor restrictions | $8,182,354 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $27,350,683 |