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Nonprofiteer
← HIGHER GROUND ACADEMY

Form 990 for tax year 2022

Filed by HIGHER GROUND ACADEMY.

Totals

Total revenue
$19,189,915
Total expenses
$17,123,856
Contributions and grants received
$19,082,814
Grants paid
$0
Program service revenue
$38,046
Investment income
$69,055
Other revenue
$0
Total assets, end of year
$18,470,121
Total liabilities, end of year
$11,294,044
Net assets or fund balances, end of year
$7,176,077
Program services expenses (Part IX)
$12,269,366
Management and general expenses
$4,854,490
Fundraising expenses
$0
Program service expenses (Part III)
$12,269,366

Program services were 71.7% 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.

  • 1e · Government grants (contributions)

    $19,081,937

  • 1f · All other contributions, gifts and grants

    $877

  • 2a · Program service revenue: OTHER PROGRAM REVENUES

    total $24,212 · related or exempt $24,212

  • 2b · Program service revenue: CHARGES FOR SERVICES

    total $13,834 · related or exempt $13,834

  • 3 · Investment income

    total $69,055 · excluded $69,055

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $188,763 · program services $80,558 · management and general $108,205

  • 7 · Other salaries and wages

    total $7,419,786 · program services $6,518,304 · management and general $901,482

  • 8 · Pension plan contributions

    total $497,190 · program services $447,705 · management and general $49,485

  • 9 · Other employee benefits

    total $980,175 · program services $838,293 · management and general $141,882

  • 10 · Payroll taxes

    total $573,879 · program services $469,194 · management and general $104,685

  • 11b · Fees: legal

    total $14,560 · program services $14,560

  • 11c · Fees: accounting

    total $138,800 · program services $138,800

  • 11g · Fees: other

    total $2,839,912 · program services $1,713,434 · management and general $1,126,478

  • 14 · Information technology

    total $146,728 · program services $146,728

  • 16 · Occupancy

    total $2,330,913 · management and general $2,330,913

  • 17 · Travel

    total $139,906 · program services $128,206 · management and general $11,700

  • 22 · Depreciation, depletion and amortization

    total $128,258 · program services $63,009 · management and general $65,249

  • 23 · Insurance

    total $9,510 · management and general $9,510

  • 24a · Other expenses: FOOD

    total $733,246 · program services $733,246

  • 24b · Other expenses: INSTRUCTIONAL SUPPLIES

    total $362,519 · program services $362,519

  • 24c · Other expenses: NON-INSTRUCTIONAL SUPPL

    total $229,639 · program services $229,639

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $194,726 · program services $194,726

  • 24e · All other expenses

    total $195,346 · program services $190,445 · management and general $4,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,954,412 · end of year $138,061

  • 2 · Savings and temporary cash investments

    end of year $8,585,033

  • 3 · Pledges and grants receivable

    end of year $3,819,659

  • 4 · Accounts receivable

    beginning of year $2,139,199 · end of year $42,369

  • 9 · Prepaid expenses and deferred charges

    beginning of year $106,919 · end of year $80,457

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

    $2,231,038

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

    $982,403

  • 10c · Land, buildings and equipment, net

    beginning of year $1,140,867 · end of year $1,248,635

  • 15 · Other assets

    beginning of year $4,403,760 · end of year $4,555,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,362,122 · end of year $1,481,882

  • 24 · Unsecured notes and loans payable

    end of year $187,666

  • 25 · Other liabilities

    beginning of year $10,273,017 · end of year $9,624,496

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,392,701 · end of year $6,245,040

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $1,140,867 · end of year $1,060,969

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,576,450 · end of year -$129,932

Mission and programs · 2022

Mission

TO PREPARE STUDENTS TO BECOME SUCCESSFUL, ETHICAL, AND RESPONSIBLE CITIZENS WHO ARE READY FOR ALL THE CHALLENGES OF THE TWENTY-FIRST CENTURY. TO THAT END, STUDENTS GRADUATING FROM THE ACADEMY WILL BE COLLEGE READY, STEWARDS OF THE ENVIRONMENT, AND ETHICAL CITIZENS WHO VALUE HARD WORK, HONESTY, INTEGRITY, EQUITY, AND DIVERSITY.

  • THE GOAL IS TO ENCOURAGE STUDENT'S MAXIMUM INTELLECTUAL AND LEADERSHIP DEVELOPMENT TO MEET 21ST CENTURY STANDARDS OF EDUCATION THROUGH CONCERTED PREPARATION TO PURSUE POST-SECONDARY AND POST-BACCALAUREATE STUDIES. IT IS INTENDED THAT STUDENTS GRADUATING FROM HIGHER GROUND ACADEMY WILL BE ADEQUATELY PREPARED TO ASSUME LEADERSHIP ROLES IN THEIR COMMUNITIES AND IN THEIR FIELDS OF ENDEAVOR. DURING THE FISCAL YEAR ENDED JUNE 30, 2023 THE ACADEMY SERVED AN ESTIMATED 1,048 STUDENTS.

    Expenses $12,269,366 · Revenue $38,046

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Samuel Yigzaw

    EXECUTIVE DIRECTOR

    Total calculated
    $238,016
    From this org
    $211,861
    From related orgs
    $0
    Other
    $26,155
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $200,571
    Bonus
    $0
    Other
    $11,290
    Deferred
    $17,340
    Nontaxable benefits
    $8,815
    Filer's total
    $238,016

  • Neliya Tkachenko

    BOARD MEMBER

    Total calculated
    $72,146
    From this org
    $69,775
    From related orgs
    $0
    Other
    $2,371
    Hours/week
    42

  • Daniel McGrath

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Denise Toussaint

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Brian Swerine

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Abdirashid Muse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shannon Tanghe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mary Tate

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202430589349300423

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