Ashley Hall Foundation
- Assets
- $53.6m
- Revenue
- $19.0m
- Investments
- $250.0k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 10/1950
- Data as of
- 06/2021
- EIN
- 57-0314364
Organization Overview
Ashley Hall Foundation is located in Charleston, SC. The organization was established in 1950. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashley Hall Foundation 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 06/2021, Ashley Hall Foundation generated $19.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $19.6m during the year ending 06/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT A SCHOOL FOR EDUCATIONAL PURPOSES ON A NONPROFIT BASIS AND SUCH OTHER THINGS AS NECESSARY OR USEFUL IN THE ACCOMPLISHMENT OF SAID PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROVIDED TO KINDERGARTEN THROUGH 12TH GRADE STUDENTS, AFTER SCHOOL AND SUMMER PROGRAMS FOR THE STUDENTS AS WELL AS EARLY CHILDHOOD PROGRAMS FOR YOUNGER CHILDREN.
EDUCATION PROVIDED TO KINDERGARTEN THROUGH 12TH GRADE STUDENTS, AFTER SCHOOL AND SUMMER PROGRAMS FOR THE STUDENTS AS WELL AS EARLY CHILDHOOD PROGRAMS FOR YOUNGER CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill S Muti Head Of School | Officer | 40 | $459,180 |
Anne Weston Assistant Head Of School | Officer | 40 | $169,352 |
Matthew D Semo CFO | Officer | 40 | $137,500 |
Kenneth W Harrell Chairperson | OfficerTrustee | 4 | $0 |
Hugh C Lane Jr Treasurer | OfficerTrustee | 4 | $0 |
Elizabeth Fort Secretary | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sofia Travel Student Travel Services | 6/29/21 | $135,965 |
Teleco Of Charleston Technology | 6/29/21 | $154,174 |
Huss Construction Construction | 6/29/21 | $1,041,427 |
Huss Construction Construction | 6/29/21 | $1,041,427 |
Teleco Of Charleston Technology | 6/29/21 | $154,174 |
Sofia Travel Student Travel Services | 6/29/21 | $135,965 |
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 | $2,234,222 |
| Noncash contributions included in lines 1a–1f | $234,936 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,234,222 |
| Total Program Service Revenue | $16,353,831 |
| Investment income | $234,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,962,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,487,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,640,817 |
| Compensation of current officers, directors, key employees. | $1,018,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,064,312 |
| Pension plan accruals and contributions | $303,256 |
| Other employee benefits | $1,320,265 |
| Payroll taxes | $657,141 |
| 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 | $31,508 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $193,910 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $152,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,664,471 |
| Insurance | $454,855 |
| All other expenses | $2,673,426 |
| Total functional expenses | $19,644,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,364 |
| Savings and temporary cash investments | $4,304,861 |
| Pledges and grants receivable | $1,283,681 |
| Accounts receivable, net | $304,875 |
| 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 | $101,134 |
| Net Land, buildings, and equipment | $38,240,805 |
| Investments—publicly traded securities | $8,815,684 |
| Investments—other securities | $250,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,552,404 |
| Accounts payable and accrued expenses | $1,779,414 |
| Grants payable | $0 |
| Deferred revenue | $6,197,359 |
| Tax-exempt bond liabilities | $14,911,446 |
| Escrow or custodial account liability | $88,858 |
| 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 | $4,310,956 |
| Total liabilities | $27,288,033 |
| Net assets without donor restrictions | $18,167,179 |
| Net assets with donor restrictions | $8,097,192 |
| 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 | $53,552,404 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Ashley Hall Foundation has recieved totaling $669,149.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: EDUCATION GRANT | $146,704 |
Ethel Mae Hocker Foundation Haddonfield, NJ PURPOSE: SCHOLARSHIPS | $113,650 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $100,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $50,209 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $50,000 |
Endowment Analysis
| Beg. Balance | $10,039,535 |
| Earnings | $814,210 |
| Net Contributions | $113,063 |
| Other Expense | $5,875,858 |
| Ending Balance | $5,090,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Darlington School Rome, GA | $83,633,921 | $28,448,149 |
Classical Charter Schools Of Americ A Inc Leland, NC | $50,468,363 | $31,320,545 |
Christ Church Episcopal School Greenville, SC | $53,203,211 | $29,578,591 |