Harrells Christian Academy Inc
- Assets
- $6.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 86
- Location
- Harrells, NC
- Founding
- 09/1971
- Data as of
- 06/2023
- EIN
- 56-0939117
Organization Overview
Harrells Christian Academy Inc is located in Harrells, NC. The organization was established in 1971. 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, Harrells Christian Academy Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harrells Christian Academy Inc 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 06/2023, Harrells Christian Academy Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF PRIVATE DAY SCHOOL FOR GRADES K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF INDEPENDENT, COLLEGE PREPARATORY, DAY SCHOOL FOR STUDENTS IN KINDERGARTEN THROUGH GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patsy Barnhill Director | Trustee | 1 | $0 |
David DE Andrade Chairman | Trustee | 1 | $0 |
Holden Dubose Director | Trustee | 1 | $0 |
Jonathan Fussell Director | Trustee | 1 | $0 |
Chris Hardison Director | Trustee | 1 | $0 |
Cowan Johnson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Food Service Llc Operation Of School Cafeteria | 6/29/15 | $150,080 |
Compass Group Usa Operation Of School Cafeteria | 6/29/15 | $148,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $319,068 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,610,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,929,183 |
| Total Program Service Revenue | $4,293,783 |
| Investment income | $3,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,270,506 |
| 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. | $113,550 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,669,089 |
| Pension plan accruals and contributions | $42,904 |
| Other employee benefits | $152,297 |
| Payroll taxes | $187,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $961 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,644 |
| Advertising and promotion | $172,573 |
| Office expenses | $8,591 |
| Information technology | $5,950 |
| Royalties | $0 |
| Occupancy | $127,429 |
| Travel | $32,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,027 |
| Insurance | $92,670 |
| All other expenses | $41,331 |
| Total functional expenses | $5,177,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,211 |
| 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 | $6,208,814 |
| Investments—publicly traded securities | $21,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,630 |
| Total assets | $6,868,256 |
| Accounts payable and accrued expenses | $330,436 |
| Grants payable | $0 |
| Deferred revenue | $432,187 |
| 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 | $15,670 |
| Other liabilities | $0 |
| Total liabilities | $778,293 |
| Net assets without donor restrictions | $5,989,847 |
| Net assets with donor restrictions | $100,116 |
| 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 | $6,868,256 |