Totals
- Total revenue
- $15,395,149
- Total expenses
- $14,640,297
- Contributions and grants received
- $14,175,154
- Grants paid
- $0
- Program service revenue
- $655,012
- Investment income
- $89,916
- Other revenue
- $475,067
- Total assets, end of year
- $23,717,392
- Total liabilities, end of year
- $23,180,060
- Net assets or fund balances, end of year
- $537,332
- Program services expenses (Part IX)
- $11,775,925
- Management and general expenses
- $2,864,372
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,775,925
Program services were 80.4% 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
$16,419
-
1e · Government grants (contributions)
$14,076,158
-
1f · All other contributions, gifts and grants
$82,577
-
2a · Program service revenue: TUITION AND FEES
total $297,081 · related or exempt $297,081
-
2b · Program service revenue: CANTEEN INCOME
total $167,842 · related or exempt $167,842
-
2c · Program service revenue: PUPIL ACTIVITY
total $107,490 · related or exempt $107,490
-
2d · Program service revenue: OTHER REVENUE
total $82,599 · related or exempt $82,599
-
3 · Investment income
total $89,916 · excluded $89,916
-
6a · Gross rents
real property $19,050
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $19,050
-
6d · Net rental income or loss
total $19,050 · related or exempt $19,050
-
8a · Fundraising events: gross income
$16,418
-
8a · Fundraising events: contributions included on line 1c
$16,419
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $16,418 · excluded $16,418
-
11a · Other revenue: LEGAL SETTLEMENT
total $439,599 · related or exempt $439,599
-
11e · Other revenue, total
$439,599
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $191,903 · management and general $191,903
-
7 · Other salaries and wages
total $6,624,754 · program services $5,465,459 · management and general $1,159,295
-
8 · Pension plan contributions
total $1,602,482 · program services $1,261,857 · management and general $340,625
-
9 · Other employee benefits
total $988,281 · program services $784,448 · management and general $203,833
-
10 · Payroll taxes
total $504,361 · program services $397,336 · management and general $107,025
-
11a · Fees: management
total $13,200 · management and general $13,200
-
11b · Fees: legal
total $72,624 · management and general $72,624
-
11c · Fees: accounting
total $410,620 · management and general $410,620
-
11g · Fees: other
total $366,620 · program services $363,364 · management and general $3,256
-
12 · Advertising and promotion
total $6,178 · management and general $6,178
-
13 · Office expenses
total $128,518 · management and general $128,518
-
14 · Information technology
total $219,104 · program services $213,996 · management and general $5,108
-
16 · Occupancy
total $741,154 · program services $741,154
-
17 · Travel
total $25,911 · program services $18,308 · management and general $7,603
-
20 · Interest
total $1,269,740 · program services $1,269,740
-
22 · Depreciation, depletion and amortization
total $820,519 · program services $656,415 · management and general $164,104
-
23 · Insurance
total $15,098 · management and general $15,098
-
24a · Other expenses: STUDENT SUPPLIES & TEXT
total $445,559 · program services $445,559
-
24b · Other expenses: STUDENT ACTIVITIES
total $130,880 · program services $130,880
-
24c · Other expenses: SCHOOL LUNCH EXPENSES
total $15,623 · program services $15,623
-
24d · Other expenses: OTHER EXPENDITURES
total $14,758 · management and general $14,758
-
24e · All other expenses
total $32,410 · program services $11,786 · management and general $20,624
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,832,629 · end of year $4,970,190
-
2 · Savings and temporary cash investments
end of year $500,002
-
3 · Pledges and grants receivable
end of year $429,601
-
4 · Accounts receivable
beginning of year $32,367 · end of year $1,003
-
9 · Prepaid expenses and deferred charges
beginning of year $11,554 · end of year $127,390
-
10a · Land, buildings and equipment: cost or other basis
$19,883,589
-
10b · Land, buildings and equipment: accumulated depreciation
$2,503,736
-
10c · Land, buildings and equipment, net
beginning of year $5,524,321 · end of year $17,379,853
-
15 · Other assets
beginning of year $20,496,153 · end of year $309,353
-
17 · Accounts payable and accrued expenses
beginning of year $1,791,203 · end of year $744,374
-
19 · Deferred revenue
end of year $62,811
-
20 · Tax-exempt bond liabilities
beginning of year $22,135,802 · end of year $22,073,315
-
25 · Other liabilities
beginning of year $15,533,147 · end of year $299,560
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$8,563,128 · end of year $537,332
Mission and programs · 2022
Mission
OUR MISSION IS TO CREATE AN INNOVATIVE AND CHALLENGING LEARNING ENVIRONMENT THAT TEACHES THE WHOLE LEARNER THROUGH THE PILLARS OF CONNECTION, FLEXIBILITY, AND SERVICE
Activities or mission (Part I)
TO PROVIDE A QUALITY EDUCATION TO EVERY CHILD SENT TO US IN ORDER TO PREPARE THEM FOR COLLEGE OR THE WORKPLACE.
-
THE PRIMARY PURPOSE OF HORSE CREEK ACADEMY (HCA) IS TO PROVIDE A QUALITY EDUCATION TO A DIVERSE GROUP OF STUDENTS IN GRADES 4K THROUGH TWELFTH GRADE. WE WILL PROVIDE A CHALLENGING CURRICULUM USING BEST PRACTICES THAT ARE DATA DRIVEN. WE PROVIDE THAT EDUCATION THROUGH NATURAL EXPERIENCES, INVESTIGATIVE RESEARCH, HANDS ON ACTIVITIES, AND PARENTAL INVOLVEMENT. HCA CURRENTLY EDUCATES APPROXIMATELY 1350 CHILDREN PRE-K4 THROUGH 12TH GRADE WITH VARYING ABILITIES AND BACKGROUNDS. WE ADVANCE STUDENT KNOWLEDGE THROUGH USE OF THE STATE'S CORE OF NON-ACADEMIC SUBJECTS INCLUDING CHORUS, PHYSICAL EDUCATION, COMPUTERS, AND LIBRARY. WE ALSO PROVIDE EXTRA CURRICULAR ACTIVIES SUCH AS SCIENCE CLUB, DRAMA, TUTORING, DRAMA, RELATED ARTS, SMALL ENGINE REPAIR, BAND, MUSIC, DANCE, AGRICULTURE, AND NAIL TECH AND INTRAMURAL SPORTS SUCH AS GIRLS AND BOYS BASKETBALL AND VOLLEYBALL.
Expenses $11,775,925 · Revenue $655,012
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dustin EnnisDUSTIN ENNIS
BOARD MEMBER (FORMER)
- Total calculated
- $0
- Hours/week
- 1
-
Pete FrommerPETE FROMMER
TREASURER (FORMER)
- Total calculated
- $0
- Hours/week
- 1
-
Jared ChamblissJARED CHAMBLISS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Audrey DeckerAUDREY DECKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan GrosecloseSUSAN GROSECLOSE
BOARD MEMBER (FORMER)
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis SmithPHYLLIS SMITH
BOARD MEMBER (FORMER)
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MurrayKEVIN MURRAY
CHAIRMAN (FORMER)
- Total calculated
- $0
- Hours/week
- 1
-
Michelle BulmerMICHELLE BULMER
VICE CHAIR (FORMER)
- Total calculated
- $0
- Hours/week
- 1
-
Ashley PittsASHLEY PITTS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Caryn ButlerCARYN BUTLER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dana CookDANA COOK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Justin GoodwinJUSTIN GOODWIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ashley McCormickASHLEY MCCORMICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ShackletonMATTHEW SHACKLETON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sam GrinesSAM GRINES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ann Marie TaylorDR ANN MARIE TAYLOR
EXECUTIVE DIRECTOR
- Total calculated
- $197,902
- From this org
- $148,686
- From related orgs
- $0
- Other
- $49,216
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,686
- Bonus
- $10,000
- Other
- $0
- Deferred
- $34,547
- Nontaxable benefits
- $14,669
- Filer's total
- $197,902
-
Ashley SturkeyASHLEY STURKEY
FISCAL DIRECTOR
- Total calculated
- $60,320
- From this org
- $43,217
- From related orgs
- $0
- Other
- $17,103
- 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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349301125
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