Hilton Head Christian Academy
- Assets
- $38.4m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 99
- Location
- Bluffton, SC
- Founding
- 08/1984
- Data as of
- 05/2021
- EIN
- 57-0757671
Organization Overview
Hilton Head Christian Academy is located in Bluffton, SC. The organization was established in 1984. 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 05/2021, Hilton Head Christian Academy employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hilton Head Christian 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 05/2021, Hilton Head Christian Academy generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $7.6m during the year ending 05/2021. While expenses have increased by 7.2% per year over the past 7 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 PROVIDE A CHRISTIAN-BASED AND EMPHASIZED EDUCATION FOR STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF STUDENTS GRADES K-12
STUDENT AND ATHLETIC ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Short Board Vice C | OfficerTrustee | 2 | $0 |
Amy Smith Board Treasu | OfficerTrustee | 2 | $0 |
Dana Taylor Board Chair | OfficerTrustee | 2 | $0 |
Murray Yanker Secretary | OfficerTrustee | 2 | $0 |
Ben Capers Director | Trustee | 2 | $0 |
Charlie Clark Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,700,786 |
| Investment income | $576,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,105,467 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,593,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,032,660 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $3,692,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $291,036 |
| Payroll taxes | $260,839 |
| 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 | $0 |
| Fees for services: Other | $99,207 |
| Advertising and promotion | $61,110 |
| Office expenses | $50,446 |
| Information technology | $62,924 |
| Royalties | $0 |
| Occupancy | $437,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $514,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,986 |
| Insurance | $86,743 |
| All other expenses | $0 |
| Total functional expenses | $7,635,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,631,675 |
| Savings and temporary cash investments | $56,718 |
| Pledges and grants receivable | $492,573 |
| Accounts receivable, net | $62,368 |
| 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 | $25,470 |
| Investments—publicly traded securities | $10,125,574 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,000 |
| Total assets | $38,399,395 |
| Accounts payable and accrued expenses | $52,165 |
| Grants payable | $0 |
| Deferred revenue | $335,902 |
| Tax-exempt bond liabilities | $24,441,117 |
| 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 | $1,991,664 |
| Total liabilities | $26,820,848 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,578,547 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hilton Head Christian Academy has recieved totaling $9,775.
| Awarding Organization | Amount |
|---|---|
Heritage Classic Foundation Hilton Head Island, SC PURPOSE: GENERAL FUND | $9,775 |
Endowment Analysis
| Beg. Balance | $5,781,086 |
| Earnings | $1,494,296 |
| Admin Expense | $30,459 |
| Net Contributions | $995,449 |
| Other Expense | $432,423 |
| Ending Balance | $7,807,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |
Rabbi Harry H Epstein School Inc Sandy Springs, GA | $8,141,821 | $15,062,509 |
The Alfred And Adele Davis Academy Inc Atlanta, GA | $60,440,379 | $18,707,941 |
Stratford Academy Inc Macon, GA | $32,525,377 | $15,089,989 |
Spartanburg Day School Spartanburg, SC | $65,939,773 | $27,162,424 |
Duke School Durham, NC | $22,928,482 | $11,500,577 |