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Nonprofiteer
← ACADEMY HILL CENTER FOR GIFTED CHILDREN INC

Form 990 for tax year 2023

Filed by ACADEMY HILL CENTER FOR GIFTED CHILDREN INC.

Totals

Total revenue
$1,683,326
Total expenses
$1,635,068
Contributions and grants received
$149,628
Grants paid
$237,350
Program service revenue
$1,516,048
Investment income
$17,650
Other revenue
$0
Total assets, end of year
$1,042,454
Total liabilities, end of year
$720,016
Net assets or fund balances, end of year
$322,438
Program services expenses (Part IX)
$1,248,682
Management and general expenses
$355,072
Fundraising expenses
$31,314
Program service expenses (Part III)
$1,248,682

Program services were 76.4% 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.

  • 1f · All other contributions, gifts and grants

    $149,628

  • 2a · Program service revenue: TUITION

    total $1,477,279 · related or exempt $1,477,279

  • 2b · Program service revenue: SCHOOL FEES/PROGRAMS

    total $38,769 · related or exempt $38,769

  • 3 · Investment income

    total $17,650 · excluded $17,650

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $237,350 · program services $237,350

  • 7 · Other salaries and wages

    total $902,047 · program services $646,998 · management and general $255,049

  • 8 · Pension plan contributions

    total $38,620 · program services $27,700 · management and general $10,920

  • 9 · Other employee benefits

    total $109,296 · program services $78,393 · management and general $30,903

  • 10 · Payroll taxes

    total $65,254 · program services $46,804 · management and general $18,450

  • 11b · Fees: legal

    total $1,059 · management and general $1,059

  • 11c · Fees: accounting

    total $17,320 · management and general $17,320

  • 12 · Advertising and promotion

    total $967 · program services $967

  • 13 · Office expenses

    total $21,533 · program services $5,200 · management and general $15,916 · fundraising $417

  • 16 · Occupancy

    total $34,354 · program services $33,113 · management and general $931 · fundraising $310

  • 20 · Interest

    total $16,944 · program services $16,944

  • 22 · Depreciation, depletion and amortization

    total $44,295 · program services $44,295

  • 23 · Insurance

    total $14,041 · program services $14,041

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $69,585 · program services $65,909 · management and general $3,676

  • 24b · Other expenses: DEVELOPMENT

    total $30,587 · fundraising $30,587

  • 24c · Other expenses: EDUCATIONAL SUPPLIES

    total $20,331 · program services $20,331

  • 24d · Other expenses: FIELD TRIPS

    total $3,133 · program services $3,133

  • 24e · All other expenses

    total $8,352 · program services $7,504 · management and general $848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,099 · end of year $221,744

  • 4 · Accounts receivable

    beginning of year $41,097 · end of year $49,385

  • 9 · Prepaid expenses and deferred charges

    beginning of year $307 · end of year $617

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

    $1,403,114

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

    $825,423

  • 10c · Land, buildings and equipment, net

    beginning of year $618,048 · end of year $577,691

  • 11 · Investments: publicly traded securities

    beginning of year $175,779 · end of year $193,017

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,924 · end of year $121,875

  • 19 · Deferred revenue

    beginning of year $308,419 · end of year $244,916

  • 23 · Secured mortgages and notes payable

    beginning of year $375,807 · end of year $353,225

  • 27 · Net assets without donor restrictions

    beginning of year $95,501 · end of year $126,521

  • 28 · Net assets with donor restrictions

    beginning of year $178,679 · end of year $195,917

Mission and programs · 2023

Mission

ACADEMY HILL SCHOOL PROVIDES AN INTELLECTUAL, NURTURING, AND ENRICHING FOUNDATION FOR HIGH-POTENTIAL AND ENGAGED STUDENTS TO BECOME THE NEXT VISIONARIES, INNOVATORS, AND LEADERS.

  • ACADEMY HILL SCHOOL PROVIDES AN INTELLECTUAL, NURTURING, AND ENRICHING FOUNDATION FOR HIGH-POTENTIAL AND ENGAGED STUDENTS TO BECOME THE NEXT VISIONARIES, INNOVATORS, AND LEADERS BY: IDENTIFYING AND CULTIVATING TALENTS THROUGH CHALLENGING AND DIFFERENTIATED PROGRAMS; BUILDINGCHARACTER, CITIZENSHIP, AND CONFIDENCE IN STUDENTS; ENCOURAGING ANDENABLING CREATIVE AND CRITICAL THOUGHT AND ACTIONS; AND COLLABORATINGWITH FAMILIES TO PROVIDE STUDENTS WITH THE SKILLS TO SUCCEED IN THEFUTURE IN A WELCOMING ENVIRONMENT.

    Expenses $1,248,682 · Grants $237,350 · Revenue $1,516,048

As filed on the 2023 return.

Listed in Part VII

  • David Kayiatos

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tom Cerasulo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Balise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Boyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brooke Depelteau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nick Hopkins

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Priya Sharma-Malik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura Cardillo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jana Bertera

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jazzy Mercure

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Zachary Verriden

    HEAD OF SCHOOL

    Total calculated
    $137,356
    From this org
    $123,116
    From related orgs
    $0
    Other
    $14,240
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349306620

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