Hickory Day School Inc
- Assets
- $5.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Hickory, NC
- Founding
- 01/1994
- Data as of
- 07/2024
- EIN
- 56-1837105
Organization Overview
Hickory Day School Inc is located in Hickory, NC. The organization was established in 1994. 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 07/2024, Hickory Day School Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Day School 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 07/2024, Hickory Day School Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.9m during the year ending 07/2024. While expenses have increased by 7.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INSTILLS IN ITS STUDENTS A LOVE OF LEARNING IN A UNIQUE ENVIRONMENT THAT EMPHASIZES ACADEMIC EXCELLENCE, CRITICAL-THINKING SKILLS, AND GLOBAL PERSPECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HICKORY DAY SCHOOL IS AN ACADEMIC INSTITUTION SERVING APPROXIMATELY 140 STUDENTS ENROLLED IN KINDERGARTEN THROUGH GRADE 8. WE ENCOURAGE CURIOSITY AND LEARN THROUGH INQUIRY; FOSTER SELF-AWARENESS AND GLOBAL CITIZENSHIP; CELEBRATE CULTURES, PERSPECTIVES, AND LANGUAGES; AND ENGAGE OUR STUDENTS IN A WORLD-CLASS EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lt Thompson President | Trustee | 2 | $0 |
Ben Duke Treasurer | Trustee | 2 | $0 |
Shana White Board Of Trustees | Trustee | 2 | $0 |
Brian George Vice President | Trustee | 2 | $0 |
Eliza Hucks Secretary | Trustee | 2 | $0 |
Michael Thomas Board Of Trustees | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,350 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,659 |
| Noncash contributions included in lines 1a–1f | $21,924 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,009 |
| Total Program Service Revenue | $1,427,988 |
| Investment income | $13,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,616 |
| Net Income from Fundraising Events | $125,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,801,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $237,112 |
| Compensation of current officers, directors, key employees. | $23,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $845,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,442 |
| Payroll taxes | $79,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,884 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,125 |
| Office expenses | $1,035 |
| Information technology | $28,752 |
| Royalties | $0 |
| Occupancy | $25,635 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,128 |
| Insurance | $17,287 |
| All other expenses | $4,007 |
| Total functional expenses | $1,943,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $648,550 |
| Savings and temporary cash investments | $315,344 |
| Pledges and grants receivable | $551,608 |
| Accounts receivable, net | $49,525 |
| 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 | $50,365 |
| Net Land, buildings, and equipment | $3,691,455 |
| Investments—publicly traded securities | $6,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,313,318 |
| Accounts payable and accrued expenses | $16,847 |
| Grants payable | $0 |
| Deferred revenue | $131,591 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,148,438 |
| Net assets without donor restrictions | $3,164,880 |
| 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 | $5,313,318 |