Gifft Hill School Inc
- Assets
- $7.4m
- Revenue
- $3.2m
- Investments
- $981.9k
- Employees
- 61
- Location
- St John, VI
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 66-0567902
Organization Overview
Gifft Hill School Inc is located in St John, VI. The organization was established in 1999. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Gifft Hill School Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifft Hill 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 06/2022, Gifft Hill School Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE A QUALITY EDUCATION TO THE STUDENTS OF OUR SCHOOL. OUR ACTIVITIES ARE EDUCATION AND TEACHING.
Describe the Organization's Program Activity:
ELEMENTARY AND SECONDARY SCHOOL EDUCATION.APPROXIMATELY 140 CHILDREN ATTEND THIS SCHOOL. TUITION, DONATIONS, GRANTS, & OTHER INCOME PAY FOR THIS EDUCATION AND ALL RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Mills Head Of School (former) | 40 | $136,451 | |
J Elizabeth Kinsellla Head Of School | OfficerTrustee | 40 | $89,792 |
Ruth Doan President | OfficerTrustee | 5 | $0 |
Richard Emmett Vice President | OfficerTrustee | 2 | $0 |
Terry Bertolino Treasurer | OfficerTrustee | 2 | $0 |
Rob Snyder Secretary | OfficerTrustee | 2 | $0 |
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 | $1,680,516 |
| Noncash contributions included in lines 1a–1f | $48,179 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680,516 |
| Total Program Service Revenue | $1,601,066 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,215,239 |
| 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 | $1,747,119 |
| Pension plan accruals and contributions | $42,291 |
| Other employee benefits | $153,023 |
| Payroll taxes | $153,927 |
| Fees for services: Management | $435,249 |
| Fees for services: Legal | $22,540 |
| 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 | $66,660 |
| Advertising and promotion | $14,913 |
| Office expenses | $15,043 |
| Information technology | $5,979 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,135 |
| Insurance | $29,794 |
| All other expenses | $209,361 |
| Total functional expenses | $3,407,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,246,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $154,565 |
| Accounts receivable, net | $3,273 |
| 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 | $23,375 |
| Net Land, buildings, and equipment | $4,803,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $981,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,092 |
| Total assets | $7,446,421 |
| Accounts payable and accrued expenses | $86,427 |
| Grants payable | $0 |
| Deferred revenue | $112,592 |
| 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 | $854,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,527 |
| Total liabilities | $1,056,278 |
| Net assets without donor restrictions | $4,909,230 |
| Net assets with donor restrictions | $1,480,913 |
| 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 | $7,446,421 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gifft Hill School Inc has recieved totaling $36,068.
| Awarding Organization | Amount |
|---|---|
The Giving Tree Foundation Wilmington, DE PURPOSE: GIVING TREE SCHOLARSHIP FUND | $18,768 |
The Giving Tree Foundation Wilmington, DE PURPOSE: UPPER SCHOOL STUDIES SCHOLARSHIP FUND | $16,300 |
Koonce Foundation Inc Naples, FL PURPOSE: GENERAL PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $1,005,799 |
| Earnings | -$86,090 |
| Net Contributions | $110,500 |
| Other Expense | $25,086 |
| Grants | $23,230 |
| Ending Balance | $981,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Antilles School Inc St Thomas, VI | $18,150,774 | $7,193,439 |
Good Hope Country Day School Inc Kingshill, VI | $5,932,536 | $5,069,204 |
Virgin Islands Montessori School Inc St Thomas, VI | $10,940,872 | $6,258,599 |
Gifft Hill School Inc St John, VI | $7,446,421 | $3,215,239 |
The Foundation For Te College Of The Virgin Islands Inc St Thomas, VI | $87,725,641 | $3,069,621 |