Harding Academy Of Memphis Inc
- Assets
- $17.4m
- Revenue
- $11.4m
- Investments
- $3.9m
- Employees
- 254
- Location
- Memphis, TN
- Founding
- 07/1989
- Data as of
- 06/2022
- EIN
- 58-1314356
Organization Overview
Harding Academy Of Memphis Inc is located in Memphis, TN. The organization was established in 1989. 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 06/2022, Harding Academy Of Memphis Inc employed 254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harding Academy Of Memphis 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 06/2022, Harding Academy Of Memphis Inc generated $11.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $11.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. 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
PRIVATE CHRISTIAN EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL & INSTRUCTIONAL SERVICES TO APPROXIMATELY 683 STUDENTS FROM PRE-KINDERGARTEN TO GRADE 12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trent Williamson President | Officer | 40 | $155,978 |
Jon Greg Howell Secretary/chief Financial | Officer | 40 | $114,188 |
Brent Patterson Vice Chair | OfficerTrustee | 1 | $0 |
Steve Avery Chairman | OfficerTrustee | 1 | $0 |
Glenn Hill Sr Director | Trustee | 1 | $0 |
Tiffany Parkhurst Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Memphis Ac & Heating Heating And Air Services | 6/29/22 | $229,460 |
Abm Janitorial Services Janitorial | 6/29/22 | $103,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,000 |
| Related organizations | $0 |
| Government grants | $21,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,810 |
| Total Program Service Revenue | $10,243,268 |
| Investment income | $254,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,290 |
| Net Gain/Loss on Asset Sales | $253,918 |
| Net Income from Fundraising Events | -$7,891 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,377,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,516,923 |
| 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 | $5,418,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $291,328 |
| Payroll taxes | $384,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,561 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,692 |
| Fees for services: Other | $30,942 |
| Advertising and promotion | $84,525 |
| Office expenses | $64,862 |
| Information technology | $81,531 |
| Royalties | $0 |
| Occupancy | $304,407 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $653,908 |
| Insurance | $180,014 |
| All other expenses | $291,847 |
| Total functional expenses | $11,339,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,272,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,973 |
| Inventories for sale or use | $52,597 |
| Prepaid expenses and deferred charges | $95,055 |
| Net Land, buildings, and equipment | $7,469,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,922,690 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,300 |
| Total assets | $17,362,217 |
| Accounts payable and accrued expenses | $574,496 |
| Grants payable | $0 |
| Deferred revenue | $5,993,009 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $118,915 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,471,269 |
| Other liabilities | $0 |
| Total liabilities | $9,157,689 |
| Net assets without donor restrictions | $5,657,308 |
| Net assets with donor restrictions | $2,547,220 |
| 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 | $17,362,217 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Harding Academy Of Memphis Inc has recieved totaling $600,960.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $500,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $960 |
Endowment Analysis
| Beg. Balance | $2,526,200 |
| Net Contributions | $21,020 |
| Ending Balance | $2,547,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
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 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
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 |