Hanger Hall School Inc
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Asheville, NC
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 86-1145430
Organization Overview
Hanger Hall School Inc is located in Asheville, NC. The organization was established in 2006. 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, Hanger Hall School Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanger Hall 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, Hanger Hall School Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HANGER HALL PROVIDES EACH STUDENT WITH A SUPERIOR MIDDLE SCHOOL EDUCATION IN AN INCLUSIVE AND SUPPORTIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANGER HALL OPENED ITS DOORS IN THE FALL OF 1999 AFTER A TWO-YEAR RESEARCH ENDEAVOR LED BY OUR FOUNDER, HOWARD HANGER. SINCE ITS FIRST DAY OF OPENING, HANGER HALL HAS BEEN FOCUSED ON PROVIDING A RICH AND NURTURING SETTING IN WHICH YOUNG WOMEN MAY BEGIN TO DISCOVER AND TAKE PRIDE IN WHO THEY ARE AND WHO THEY ARE BECOMING. THAT KIND OF DISCOVERY HAPPENS BEST IN A COMMUNITY, WHERE PEOPLE KNOW EACH OTHER, RESPECT EACH OTHER AND ENCOURAGE EACH OTHER. HANGER HALL IS A UNIQUE COMMUNITY. WHEN THE SCHOOL FIRST OPENED IT WAS ONE OF FEWER THAN TEN SCHOOLS IN THE UNITED STATES DEVOTED SOLELY TO MIDDLE SCHOOL GIRLS. WE FEEL THAT THIS EMERGING TIME OF LIFE FOR YOUNG WOMEN MERITS EXTRAORDINARY ATTENTION; AND IT TAKES A COMMUNITY OF PARENTS, TEACHERS, FRIENDS AND FAMILY TO GIVE WHAT IS NEEDED. OUR MIDDLE SCHOOL COMMUNITY IS JUST THAT, A COMMUNITY OF LEARNERS
WHO SHARE A LOVE OF LEARNING AND A WILLINGNESS TO DISCOVER NEW IDEAS. THESE EXPERIENCES AND THE GUIDANCE PROVIDED BY OUR FACULTY HELP TO SHARPEN THE SKILLS NECESSARY FOR SUCCESS, BOTH AT HANGER HALL AND BEYOND. STUDENTS USE REAL- WORLD ISSUES TO DEVELOP AND HONE THE KEY SKILLS OF ACADEMIC LITERACY IN ORDER TO BECOME THOUGHTFUL, CREATIVE, AND COLLABORATIVE THINKERS AND DOERS. THEIR EXPERIENCES HERE PREPARE THEM FOR POSITIONS OF LEADERSHIP IN THE 21ST CENTURY. OVER THE 2020-2021 SCHOOL YEAR, HANGER HALL EXTENDED OVER $90,385 IN TUITION ASSISTANCE TO OUR STUDENTS. WE CONTINUE TO PARTNER WITH LOCAL COMMUNITY ORGANIZATIONS SUCH AS OPEN DOORS TO SUPPORT STUDENTS IN OUR LOCAL AREA TO ATTEND HANGER HALL.
2021-22 ENROLLMENT - 84 STUDENTS 28 - 6TH GRADE STUDENTS 28 - 7TH GRADE STUDENTS 28 - 8TH GRADE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Schoolfield Head Of School | Officer | 40 | $68,926 |
Marissa Green President | OfficerTrustee | 10 | $0 |
Laura Hudson President-Elect | OfficerTrustee | 4 | $0 |
Kevin Jones Secretary | OfficerTrustee | 3 | $0 |
Glenn Mayes Treasurer | OfficerTrustee | 3 | $0 |
Sandy Frederick Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,422 |
| Related organizations | $0 |
| Government grants | $51,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,225 |
| Noncash contributions included in lines 1a–1f | $37,797 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,506 |
| Total Program Service Revenue | $1,194,261 |
| Investment income | $1,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,524 |
| Net Income from Fundraising Events | -$11,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,344,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $126,530 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,646 |
| Compensation of current officers, directors, key employees. | $10,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,476 |
| Pension plan accruals and contributions | $10,723 |
| Other employee benefits | $42,872 |
| Payroll taxes | $37,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $10,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,337 |
| Fees for services: Other | $6,266 |
| Advertising and promotion | $27,479 |
| Office expenses | $50,486 |
| Information technology | $15,293 |
| Royalties | $0 |
| Occupancy | $88,689 |
| Travel | $4,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,198 |
| Insurance | $16,095 |
| All other expenses | $7,228 |
| Total functional expenses | $1,203,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,861 |
| Savings and temporary cash investments | $199,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,329 |
| 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 | $8,205 |
| Net Land, buildings, and equipment | $1,561,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,418 |
| Total assets | $2,200,132 |
| Accounts payable and accrued expenses | $9,897 |
| Grants payable | $0 |
| Deferred revenue | $125,835 |
| 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 | $1,101,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,237,307 |
| Net assets without donor restrictions | $811,990 |
| Net assets with donor restrictions | $150,835 |
| 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 | $2,200,132 |