Hindman Settlement School Inc
- Assets
- $16.7m
- Revenue
- $3.9m
- Investments
- $4.1m
- Employees
- 63
- Location
- Hindman, KY
- Founding
- 09/1948
- Data as of
- 08/2021
- EIN
- 61-0447248
Organization Overview
Hindman Settlement School Inc is located in Hindman, KY. The organization was established in 1948. 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 08/2021, Hindman Settlement School Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hindman Settlement 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 08/2021, Hindman Settlement School Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $2.2m during the year ending 08/2021. While expenses have increased by 7.4% 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 PROVIDE EDUCATIONAL AND SERVICE OPPORTUNITIES FOR THE PEOPLE OF THE MOUNTAINS, WHILE KEEPING THEM MINDFUL OF THEIR HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DYSLEXIA EDUCATION PROGRAM - HINDMAN SETTLEMENT SCHOOL PROVIDES EDUCATION PROGRAMS FOR CHILDREN WITH DYSLEXIA AND DYSLEXIC CHARACTERISTICS. PROGRAMS INCLUDE AN AFTER-SCHOOL PROGRAM, SUMMER TUTORING PROGRAM AND A READING LAB PARTNERSHIP. THE SCHOOL ALSO CONDUCTS STUDENT EVALUATIONS AND PROVIDES TRAINING FOR PARENTS, TEACHER, AND TUTORS.
COMMUNITY SERVICES - HINDMAN SETTLEMENT SCHOOL HAS A LONG HISTORY OF WORKING TOGETHER FOR THE IMPROVEMENT OF THE COMMUNITY. ITS EDUCATIONAL MISSION HAS ALWAYS BEEN DRIVEN BY A DETERMINATION TO OFFER PROGRAMS THAT RESPOND TO THE CURRENT NEEDS OF THE COMMUNITY. COMMUNITY SERVICE PROGRAMS INCLUDE FOODWAYS GROW APPALACHIA, PARTICIPATION IN COMMUNITY RENEWAL PROJECTS AND SUPPORT FOR YOUTH DEVELOPMENT PROGRAMS. THE SETTLEMENT ALSO OFFERS CONFERENCE AND MEETING FACILITIES FOR COMMUNITY GROUPS.
CULTURAL PROGRAMS - KEEPING PEOPLE MINDFUL OF THEIR HERITAGE HAS ALWAYS BEEN A STRONG COMPONENT OF HINDMAN SETTLEMENT SCHOOL'S PROGRESSIVE EDUCATIONAL PHILOSOPHY. THE SETTLEMENT'S CURRENT EFFORTS TO PRESERVE LOCAL HERITAGE RANGE FROM PROVIDING FOLK ARTS EDUCATION EXTENSION IN THE PUBLIC SCHOOLS AND COMMUNITY TO OPERATING A CRAFTS CONSIGNMENT SHOP. THE SETTLEMENT ALSO HOSTS ANNUAL WORKSHOPS FOCUSING ON APPALACHIAN WRITERS AND FOLK ARTS.
DYSLEXIA EDUCATION PROGRAM - HINDMAN SETTLEMENT SCHOOL PROVIDES EDUCATION PROGRAMS FOR CHILDREN WITH DYSLEXIA AND DYSLEXIC CHARACTERISTICS. PROGRAMS INCLUDE AN AFTER-SCHOOL PROGRAM, SUMMER TUTORING PROGRAM AND A READING LAB PARTNERSHIP. THE SCHOOL ALSO CONDUCTS STUDENT EVALUATIONS AND PROVIDES TRAINING FOR PARENTS, TEACHER, AND TUTORS.
COMMUNITY SERVICES - HINDMAN SETTLEMENT SCHOOL HAS A LONG HISTORY OF WORKING TOGETHER FOR THE IMPROVEMENT OF THE COMMUNITY. ITS EDUCATIONAL MISSION HAS ALWAYS BEEN DRIVEN BY A DETERMINATION TO OFFER PROGRAMS THAT RESPOND TO THE CURRENT NEEDS OF THE COMMUNITY. COMMUNITY SERVICE PROGRAMS INCLUDE FOODWAYS GROW APPALACHIA, PARTICIPATION IN COMMUNITY RENEWAL PROJECTS AND SUPPORT FOR YOUTH DEVELOPMENT PROGRAMS. THE SETTLEMENT ALSO OFFERS CONFERENCE AND MEETING FACILITIES FOR COMMUNITY GROUPS.
CULTURAL PROGRAMS - KEEPING PEOPLE MINDFUL OF THEIR HERITAGE HAS ALWAYS BEEN A STRONG COMPONENT OF HINDMAN SETTLEMENT SCHOOL'S PROGRESSIVE EDUCATIONAL PHILOSOPHY. THE SETTLEMENT'S CURRENT EFFORTS TO PRESERVE LOCAL HERITAGE RANGE FROM PROVIDING FOLK ARTS EDUCATION EXTENSION IN THE PUBLIC SCHOOLS AND COMMUNITY TO OPERATING A CRAFTS CONSIGNMENT SHOP. THE SETTLEMENT ALSO HOSTS ANNUAL WORKSHOPS FOCUSING ON APPALACHIAN WRITERS AND FOLK ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Sloane II Vice Chair | OfficerTrustee | 2 | $0 |
Sherry W Powers Chairman | OfficerTrustee | 2 | $0 |
Susan Merida Treasurer | OfficerTrustee | 2 | $0 |
George Fletcher Secretary | OfficerTrustee | 2 | $0 |
Brian K Lewis Trustee | OfficerTrustee | 2 | $0 |
Will Anderson Executive Dir. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,300 |
| Related organizations | $0 |
| Government grants | $1,189,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,685,057 |
| Total Program Service Revenue | $129,178 |
| Investment income | $208,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,238 |
| Net Rental Income | $40,401 |
| Net Gain/Loss on Asset Sales | $1,782,938 |
| Net Income from Fundraising Events | $7,367 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,352 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,887,655 |
| 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 | $1,019,868 |
| Pension plan accruals and contributions | $40,213 |
| Other employee benefits | $153,140 |
| Payroll taxes | $80,117 |
| 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 | $140,363 |
| Advertising and promotion | $8,626 |
| Office expenses | $30,343 |
| Information technology | $82,830 |
| Royalties | $0 |
| Occupancy | $145,032 |
| Travel | $16,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,456 |
| Insurance | $80,695 |
| All other expenses | $24,970 |
| Total functional expenses | $2,157,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,352 |
| Accounts receivable, net | $8,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,981 |
| Prepaid expenses and deferred charges | $20,662 |
| Net Land, buildings, and equipment | $3,034,540 |
| Investments—publicly traded securities | $9,009,289 |
| Investments—other securities | $4,126,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,710,100 |
| Accounts payable and accrued expenses | $9,185 |
| Grants payable | $0 |
| Deferred revenue | $9,767 |
| 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 | $354,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,271 |
| Total liabilities | $404,323 |
| Net assets without donor restrictions | $11,118,508 |
| Net assets with donor restrictions | $5,187,269 |
| 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 | $16,710,100 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hindman Settlement School Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Josephine Ardery Foundation Inc Lexington, KY PURPOSE: RESTORATION OF HISTORIC BUILDING | $10,000 |
R A Hunsdorfer Foundation Albany, NY PURPOSE: CHARITABLE | $1,000 |
R A Hunsdorfer Foundation Albany, NY PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $8,614,892 |
| Earnings | $1,940,311 |
| Admin Expense | $55,778 |
| Net Contributions | $148,674 |
| Other Expense | $1,638,810 |
| Ending Balance | $9,009,289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Trinity Episcopal School Inc Richmond, VA | $26,705,418 | $14,683,376 |
Lake Ridge Academy North Ridgeville, OH | $14,038,501 | $14,431,885 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Norfolk Collegiate School Norfolk, VA | $25,101,783 | $13,831,989 |