Hart 2 Hart Christian Academy Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Lake City, FL
- Founding
- 09/2017
- Data as of
- 06/2023
- EIN
- 81-1165096
Organization Overview
Hart 2 Hart Christian Academy Inc is located in Lake City, FL. The organization was established in 2017. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Hart 2 Hart Christian Academy Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hart 2 Hart Christian Academy 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, Hart 2 Hart Christian Academy Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 43.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT HART 2 HART CHRISTIAN ACADEMY, INC. IS TO DO WHATEVER IT TAKES TO HELP CHILDREN REACH THEIR FULL ACADEMIC POTENTIAL, DEVELOP A PERSONAL RELATIONSHIP WITH CHRIST AND INSTILL SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSE IS TO DO WHATEVER IT TAKES TO HELP CHILDREN REACH THEIR FULL ACADEMIC POTENTIAL, DEVELOP A PERSONAL RELATIONSHIP WITH CHRIST, AND INSTILL SOCIAL RESPONSIBILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dallas Keen Executive Di | OfficerTrustee | 30 | $84,000 |
Melissa King Vice Preside | Officer | 30 | $43,688 |
Ray Keen Board Member | Officer | 30 | $20,850 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,126,713 |
| Investment income | $6,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,205,877 |
| 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. | $148,538 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | -$43,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,201 |
| Payroll taxes | $18,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,707 |
| 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 | $553,291 |
| Advertising and promotion | $4,720 |
| Office expenses | $148,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,226 |
| Travel | $1,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,088 |
| Insurance | $33,398 |
| All other expenses | $0 |
| Total functional expenses | $1,329,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,803 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,239,047 |
| Other assets | $0 |
| Total assets | $1,315,740 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,470,000 |
| Other liabilities | $323,309 |
| Total liabilities | $1,793,309 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$477,569 |
| Total liabilities and net assets/fund balances | $1,315,740 |