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Nonprofiteer
← HEPHZIBAH CHARTER FOUNDATION INC

Form 990 for tax year 2024

Filed by HEPHZIBAH CHARTER FOUNDATION INC.

Totals

Total revenue
$14,379,988
Total expenses
$11,981,677
Contributions and grants received
$14,297,712
Grants paid
$0
Program service revenue
$0
Investment income
$82,276
Other revenue
$0
Total assets, end of year
$17,845,946
Total liabilities, end of year
$12,230,853
Net assets or fund balances, end of year
$5,615,093
Program services expenses (Part IX)
$11,038,864
Management and general expenses
$942,813
Fundraising expenses
$0
Program service expenses (Part III)
$11,038,864

Program services were 92.1% 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)

    $13,992,885

  • 1f · All other contributions, gifts and grants

    $304,827

  • 3 · Investment income

    total $82,276 · related or exempt $82,276

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,105,005 · program services $4,543,344 · management and general $561,661

  • 8 · Pension plan contributions

    total $1,180,687 · program services $1,069,849 · management and general $110,838

  • 9 · Other employee benefits

    total $1,414,187 · program services $1,321,988 · management and general $92,199

  • 10 · Payroll taxes

    total $73,148 · program services $65,198 · management and general $7,950

  • 11g · Fees: other

    total $380,303 · program services $337,971 · management and general $42,332

  • 13 · Office expenses

    total $9,895 · program services $8,526 · management and general $1,369

  • 14 · Information technology

    total $292,206 · program services $193,314 · management and general $98,892

  • 16 · Occupancy

    total $2,815,337 · program services $2,815,337

  • 17 · Travel

    total $56,062 · program services $55,663 · management and general $399

  • 22 · Depreciation, depletion and amortization

    total $11,477 · program services $11,477

  • 24a · Other expenses: Student Activities

    total $212,461 · program services $212,461

  • 24b · Other expenses: Nutrition Program

    total $1,733 · program services $1,733

  • 24c · Other expenses: Expendable Equipment

    total $50,816 · program services $25,008 · management and general $25,808

  • 24d · Other expenses: Instructional Materials

    total $367,960 · program services $367,960

  • 24e · All other expenses

    total $10,400 · program services $9,035 · management and general $1,365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,269,121 · end of year $6,790,117

  • 2 · Savings and temporary cash investments

    beginning of year $89,898

  • 4 · Accounts receivable

    beginning of year $651,025 · end of year $845,018

  • 9 · Prepaid expenses and deferred charges

    beginning of year $512,253 · end of year $182,478

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

    $6,986,398

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

    $817,794

  • 10c · Land, buildings and equipment, net

    beginning of year $6,249,175 · end of year $6,168,604

  • 15 · Other assets

    beginning of year $4,617,969 · end of year $3,859,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $669,965 · end of year $217,891

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000

  • 25 · Other liabilities

    beginning of year $12,402,692 · end of year $12,012,962

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,216,784 · end of year $5,615,093

Mission and programs · 2024

Mission

The charter schools are committed to excellence in all endeavors including delivering a classical education.

Activities or mission (Part I)

The Organization operates two charter schools

  • The Organization operates a charter school to support public education

    Expenses $11,038,864

As filed on the 2024 return.

Listed in Part VII

  • Robert Buchwitz

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Eugene Yu

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brent Weir

    Vice ChairmanCFO

    Total calculated
    $0
    Hours/week
    1

  • Wright McLeod

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Glenn O'Steen

    Board Member

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 February 2026
IRS schema version
2024v5.2
Source object
202600449349301850

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