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Nonprofiteer
← HSDL LLC

Form 990 for tax year 2025

Filed by HSDL LLC.

Totals

Total revenue
$15,373,296
Total expenses
$15,275,364
Contributions and grants received
$0
Grants paid
$204,699
Program service revenue
$15,370,249
Investment income
$0
Other revenue
$3,047
Total assets, end of year
$5,896,349
Total liabilities, end of year
$399,710
Net assets or fund balances, end of year
$5,496,639
Program services expenses (Part IX)
$6,666,045
Management and general expenses
$8,609,319
Fundraising expenses
$0
Program service expenses (Part III)
$6,666,045

Program services were 43.6% 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.

  • 2a · Program service revenue: HIGH SCHOOL DISTANCE LEARNING

    total $15,370,249 · unrelated business $0 · excluded $0

  • 11a · Other revenue: OTHER INCOME

    total $3,047 · related or exempt $3,047 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,047

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $204,699 · program services $204,699

  • 7 · Other salaries and wages

    total $3,778,722 · program services $3,778,722 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $705,012 · program services $705,012 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $25,589 · program services $25,589 · management and general $0 · fundraising $0

  • 17 · Travel

    total $11,508 · program services $11,508 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,493,754 · program services $1,493,754 · management and general $0 · fundraising $0

  • 24a · Other expenses: SUPPORT SERVICES

    total $9,056,080 · program services $446,761 · management and general $8,609,319 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,500,885 · end of year $1,899,804

  • 4 · Accounts receivable

    beginning of year $0 · end of year $333,516

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,348 · end of year $124,223

  • 14 · Intangible assets

    beginning of year $2,975,196 · end of year $3,538,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,354 · end of year $60,365

  • 19 · Deferred revenue

    beginning of year $139,368 · end of year $339,345

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,398,707 · end of year $5,496,639

Mission and programs · 2025

Mission

PROVIDES ONLINE HIGH SCHOOL DISTANCE LEARNING COURSES.

  • HSDL, LLC PROVIDES HIGH SCHOOL DISTANCE LEARNING COURSES FOR MANY STUDENTS.

    Expenses $6,666,045 · Grants $204,699 · Revenue $15,373,296

As filed on the 2025 return.

Listed in Part VII

  • DARIN R OVIATT

    MANAGER

    Total calculated
    $171,091
    From this org
    $0
    From related orgs
    $164,244
    Other
    $6,847
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $164,244 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,847 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $171,091 related

  • REBECCA A HARRISON

    MANAGER

    Total calculated
    $167,028
    From this org
    $0
    From related orgs
    $160,479
    Other
    $6,549
    Hours/week
    0.4

    Schedule J breakdown matched by us

    Base
    $0 + $160,479 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,549 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $167,028 related

  • CAROLYN B ANDREWS

    MANAGER

    Total calculated
    $167,053
    From this org
    $0
    From related orgs
    $154,964
    Other
    $12,089
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $154,964 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,089 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $167,053 related

  • KEVIN L WALKER

    FORMER MANAGER

    Total calculated
    $107,406
    From this org
    $0
    From related orgs
    $103,276
    Other
    $4,130
    Hours/week
    0.4

    Schedule J breakdown matched by us

    Base
    $0 + $103,276 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,130 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $107,406 related

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
2025
IRS schema version
2025v4.1
Source object
202612389349301316

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