Horse Creek Academy
- Assets
- $30.9m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 150
- Location
- Aiken, SC
- Founding
- 03/2002
- Data as of
- 06/2022
- EIN
- 57-1111775
Organization Overview
Horse Creek Academy is located in Aiken, SC. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Horse Creek Academy employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horse Creek 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 06/2022, Horse Creek Academy generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $13.3m during the year ending 06/2022. While expenses have increased by 22.6% 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
TO PROVIDE A QUALITY EDUCATION TO EVERY CHILD SENT TO US IN ORDER TO PREPARE THEM FOR COLLEGE OR THE WORKPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF HORSE CREEK ACADEMY (HCA) IS TO PROVIDE A QUALITY EDUCATION TO A DIVERSE GROUP OF STUDENTS IN GRADES 4K THROUGH ELEVENTH GRADE. WE WILL PROVIDE A CHALLENGING CURRICULUM USING BEST PRACTICES THAT ARE DATA DRIVEN. WE PROVIDE THAT EDUCATION THROUGH NATURAL EXPERIENCES, INVESTIGATIVE RESEARCH, HANDS ON ACTIVITIES, AND PARENTAL INVOLVEMENT. HCA CURRENTLY EDUCATES 1257 CHILDREN PRE-K THROUGH 11TH GRADE WITH VARYING ABILITIES AND BACKGROUNDS. WE ADVANCE STUDENT KNOWLEDGE THROUGH USE OF THE STATE'S CORE ACADEMIC SUBJECT STANDARDS. WE PROVIDE A VERY DIVERSE CORE ON NON ACADEMIC SUBJECTS INCLUDING CHORUS, PHYSICAL EDUCATION, COMPUTERS, AND LIBRARY. WE ALSO PROVIDE EXTRA CURRICULAR ACTIVIES SUCH AS SCIENCE CLUB, DRAMA, TUTORING, AND INTRAMURAL SPORTS.
HCA CURRENTLY EDUCATES 1257 CHILDREN WITH VARYING ABILITIES AND BACKGROUNDS. WE ADVANCE STUDENT KNOWLEDGE THROUGH USE OF THE STATE'S CORE ACADEMIC SUBJECT STANDARDS.
WE PROVIDE A VERY DIVERSE CORE OF NON ACADEMIC SUBJECTS INCLUDING DRAMA, RELATED ART, SMALL ENGINE REPAIR, BAND, MUSIC, DANCE, AGRICULTURE, AND NAIL TECH. WE ALSO PROVIDE EXTRA CURRCULAR ACTIVITIES SUCH AS GIRLS AND BOYS BASKETBALL AND VOLLEYBALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Ennis Board Member | Trustee | 1 | $0 |
Pete Frommer Board Member | Trustee | 1 | $0 |
Jared Chambliss Board Member | Trustee | 1 | $0 |
Audrey Decker Board Member | Trustee | 1 | $0 |
Susan Groseclose Board Member | Trustee | 1 | $0 |
Phyllis Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,376 |
| Related organizations | $0 |
| Government grants | $11,973,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,016,769 |
| Total Program Service Revenue | $432,685 |
| Investment income | $1,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,511,831 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,904,303 |
| Pension plan accruals and contributions | $1,339,643 |
| Other employee benefits | $742,598 |
| Payroll taxes | $453,321 |
| Fees for services: Management | $68,034 |
| Fees for services: Legal | $76,006 |
| 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 | $35,755 |
| Advertising and promotion | $31,968 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,089 |
| Travel | $779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,209,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461,343 |
| Insurance | $60,807 |
| All other expenses | $326,263 |
| Total functional expenses | $13,289,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,832,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,367 |
| 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 | $11,554 |
| Net Land, buildings, and equipment | $5,524,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,496,153 |
| Total assets | $30,897,024 |
| Accounts payable and accrued expenses | $1,791,203 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $22,135,802 |
| 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 | $15,533,147 |
| Total liabilities | $39,460,152 |
| Net assets without donor restrictions | -$7,055,851 |
| Net assets with donor restrictions | -$1,507,277 |
| 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 | $30,897,024 |