Good Hope Country Day School Inc
- Assets
- $5.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Kingshill, VI
- Founding
- 02/1978
- Data as of
- 06/2023
- EIN
- 67-0253542
Organization Overview
Good Hope Country Day School Inc is located in Kingshill, VI. The organization was established in 1978. 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 06/2023, Good Hope Country Day School Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Hope Country Day 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 06/2023, Good Hope Country Day School Inc generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE REFLECTIVE, CREATIVE, AND COMPASSIONATE STUDENTS WHO ARE CRITICAL THINKERS PREPARED TO EXCEL IN COLLEGE AND EMPOWERED TO BETTER THEIR ISLAND AND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION INCOME AND EXPENSES RELATED TO OPERATIONS OF A SMALL INDEPENDENT COLLEGE PREPARATORY SCHOOL SERVING STUDENTS AND THEIR FAMILIES, IN GRADES NURSERY THROUGH 12. AVERAGE ENROLLMENT IS 290 STUDENTS.
AUXILIARY INCOME AND EXPENSES RELATED TO THE OPERATION OF AN AFTER-SCHOOL CARE/ACTIVITY PROGRAM SERVING APPROXIMATELY 120 STUDENTS IN GRADES NURSERY THROUGH 6 IN SUPERVISED EXTENDED CARE/ENRICHMENT ACTIVITIES; SALE OF MISCELLANEOUS SCHOOL SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bugg Head Of Scho | Officer | 60 | $222,267 |
Rhea Abramson Secretary | OfficerTrustee | 3 | $0 |
George Ashley Co Vice Chai | OfficerTrustee | 3 | $0 |
Sezelle A Gabriel Banwaree Trustee | Trustee | 1 | $0 |
James Benton Co Vice Chai | OfficerTrustee | 3 | $0 |
Andrea Crikelair Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James Adams Electrical Llc Electrical | 6/29/22 | $159,045 |
Castle Glassworks Window Project | 6/29/22 | $130,926 |
Continental Construction & Engineer Utility Bldg | 6/29/22 | $104,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $381,495 |
| Related organizations | $0 |
| Government grants | $53,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $281,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,797 |
| Total Program Service Revenue | $4,133,731 |
| Investment income | $10,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,155 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,879,937 |
| 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 | $2,699,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $389,849 |
| Payroll taxes | $209,183 |
| 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 | $192,625 |
| Advertising and promotion | $0 |
| Office expenses | $97,581 |
| Information technology | $100,338 |
| Royalties | $0 |
| Occupancy | $509,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,963 |
| Insurance | $221,965 |
| All other expenses | $0 |
| Total functional expenses | $4,745,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,631,152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,281 |
| 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 | $162,877 |
| Net Land, buildings, and equipment | $1,725,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,094 |
| Total assets | $5,588,655 |
| Accounts payable and accrued expenses | $311,582 |
| Grants payable | $0 |
| Deferred revenue | $640,605 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $273,563 |
| Other liabilities | $149,852 |
| Total liabilities | $1,375,602 |
| Net assets without donor restrictions | $3,678,053 |
| Net assets with donor restrictions | $535,000 |
| 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 | $5,588,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Antilles School Inc St Thomas, VI | $13,255,035 | $9,370,465 |
Virgin Islands Montessori School Inc St Thomas, VI | $10,780,530 | $3,983,026 |
Good Hope Country Day School Inc Kingshill, VI | $5,588,655 | $4,879,937 |
The Foundation For Te College Of The Virgin Islands Inc St Thomas, VI | $54,434,719 | $3,561,167 |
Gifft Hill School Inc St John, VI | $7,446,421 | $3,215,239 |