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Nonprofiteer
← HILL SCHOOL CORPORATION OF MIDDLEBURG

Form 990 for tax year 2023

Filed by HILL SCHOOL CORPORATION OF MIDDLEBURG.

Totals

Total revenue
$10,955,465
Total expenses
$9,017,488
Contributions and grants received
$3,028,272
Grants paid
$1,100,843
Program service revenue
$7,398,158
Investment income
$554,850
Other revenue
-$25,815
Total assets, end of year
$44,706,893
Total liabilities, end of year
$9,845,360
Net assets or fund balances, end of year
$34,861,533
Program services expenses (Part IX)
$6,275,639
Management and general expenses
$1,918,152
Fundraising expenses
$823,697
Program service expenses (Part III)
$6,275,639

Program services were 69.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $232,406

  • 1f · All other contributions, gifts and grants

    $2,795,866

  • 2a · Program service revenue: TUITION AND FEES

    total $7,398,158 · related or exempt $7,398,158

  • 3 · Investment income

    total $375,703 · excluded $375,703

  • 6a · Gross rents

    real property $285,542

  • 6b · Less rental expenses

    real property $340,790

  • 6c · Rental income or loss

    real property -$55,248

  • 6d · Net rental income or loss

    total -$55,248 · unrelated business -$67,590 · excluded $12,342

  • 7a · Gross sales of assets other than inventory

    securities $2,232,760

  • 7b · Less cost or other basis and sales expenses

    securities $2,053,613

  • 7c · Gain or loss

    securities $179,147

  • 7d · Net gain or loss

    total $179,147 · excluded $179,147

  • 8a · Fundraising events: gross income

    $15,700

  • 8a · Fundraising events: contributions included on line 1c

    $232,406

  • 8b · Fundraising events: direct expenses

    $161,522

  • 8c · Net income from fundraising events

    total -$145,822 · excluded -$145,822

  • 11a · Other revenue: OTHER INCOME

    total $175,255 · related or exempt $175,255

  • 11e · Other revenue, total

    $175,255

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,100,843 · program services $1,100,843

  • 5 · Compensation of officers, directors and key employees

    total $781,221 · program services $540,355 · management and general $181,345 · fundraising $59,521

  • 7 · Other salaries and wages

    total $3,143,539 · program services $2,174,323 · management and general $729,710 · fundraising $239,506

  • 8 · Pension plan contributions

    total $410,503 · program services $283,937 · management and general $95,290 · fundraising $31,276

  • 9 · Other employee benefits

    total $487,659 · program services $337,304 · management and general $113,200 · fundraising $37,155

  • 10 · Payroll taxes

    total $285,141 · program services $197,226 · management and general $66,190 · fundraising $21,725

  • 11b · Fees: legal

    total $1,720 · management and general $1,720

  • 11c · Fees: accounting

    total $42,934 · management and general $42,934

  • 11f · Fees: investment management

    total $93,982 · management and general $93,982

  • 11g · Fees: other

    total $457,316 · management and general $51,564 · fundraising $405,752

  • 13 · Office expenses

    total $53,735 · program services $7,441 · management and general $23,197 · fundraising $23,097

  • 14 · Information technology

    total $90,808 · program services $45,404 · management and general $45,404

  • 16 · Occupancy

    total $166,277 · program services $124,708 · management and general $41,569

  • 20 · Interest

    total $129,295 · program services $96,971 · management and general $32,324

  • 22 · Depreciation, depletion and amortization

    total $651,689 · program services $488,767 · management and general $162,922

  • 24a · Other expenses: MAINTENANCE

    total $494,788 · program services $371,091 · management and general $123,697

  • 24b · Other expenses: INSTRUCTIONAL EXPENSE

    total $353,150 · program services $353,150

  • 24c · Other expenses: OTHER EXPENSES

    total $165,773 · program services $80,054 · management and general $80,054 · fundraising $5,665

  • 24d · Other expenses: TRANSPORTATION EXPENSE

    total $34,991 · program services $34,991

  • 24e · All other expenses

    total $72,124 · program services $39,074 · management and general $33,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $2,281,188 · end of year $3,355,746

  • 3 · Pledges and grants receivable

    beginning of year $1,566,714 · end of year $2,830,295

  • 4 · Accounts receivable

    beginning of year $622,663 · end of year $892,674

  • 8 · Inventories for sale or use

    beginning of year $18,981 · end of year $25,821

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,384 · end of year $62,637

  • 10a · Land, buildings and equipment: cost or other basis

    $32,829,009

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,572,557

  • 10c · Land, buildings and equipment, net

    beginning of year $17,652,154 · end of year $17,256,452

  • 11 · Investments: publicly traded securities

    beginning of year $4,613,991 · end of year $5,350,106

  • 12 · Investments: other securities

    beginning of year $12,694,864 · end of year $13,648,111

  • 15 · Other assets

    beginning of year $1,261,993 · end of year $1,284,551

  • 17 · Accounts payable and accrued expenses

    beginning of year $480,974 · end of year $500,342

  • 19 · Deferred revenue

    beginning of year $1,012,169 · end of year $950,061

  • 23 · Secured mortgages and notes payable

    beginning of year $8,589,080 · end of year $8,351,007

  • 25 · Other liabilities

    beginning of year $51,666 · end of year $43,950

  • 27 · Net assets without donor restrictions

    beginning of year $19,992,092 · end of year $21,376,953

  • 28 · Net assets with donor restrictions

    beginning of year $10,613,451 · end of year $13,484,580

Mission and programs · 2023

Mission

HILL SCHOOL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WHICH EDUCATES 251 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE.

Activities or mission (Part I)

HILL SCHOOL IS A CO-EDUCATIONAL INDEPENDENT SCHOOL WHICH EDUCATES 251 STUDENTS IN GRADES PRE-K TO 8.

  • THE SCHOOL RECEIVES TUITION INCOME FROM 251 STUDENTS IN GRADES PREK-8. IT PAYS THE FACULTY, MAINTAINS THE BUILDINGS AND GROUNDS AND CARRIES ON OTHER SCHOOL FUNCTIONS.

    Expenses $6,275,639 · Grants $1,100,843 · Revenue $7,573,413

As filed on the 2023 return.

Listed in Part VII

  • Treavor Lord

    HEADMASTER

    Total calculated
    $354,975
    From this org
    $269,500
    From related orgs
    $0
    Other
    $85,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,500
    Bonus
    $22,500
    Other
    $4,500
    Deferred
    $61,475
    Nontaxable benefits
    $24,000
    Filer's total
    $354,975

  • Michael Howland

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Matthew Blunt

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Erich Weber

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Angela Killinger

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Annie Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James G Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matilda Engle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shelton Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheila Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Reid O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adam Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jade Pulliam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maximillian Tufts Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cristin Wiplfer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kelly Johnson

    DIRECTOR OF ENROLLMENT

    Total calculated
    $134,037
    From this org
    $121,200
    From related orgs
    $0
    Other
    $12,837
    Hours/week
    40

  • Will Heron

    DIRECTOR OF FINANCE & OPER

    Total calculated
    $185,742
    From this org
    $127,200
    From related orgs
    $0
    Other
    $58,542
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,200
    Bonus
    $0
    Other
    $0
    Deferred
    $36,942
    Nontaxable benefits
    $21,600
    Filer's total
    $185,742

  • William Nisbet

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $138,657
    From this org
    $108,700
    From related orgs
    $0
    Other
    $29,957
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349312125

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