Spring Hill School Incorporated
- Assets
- $356.7k
- Revenue
- $280.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Waitsfield, VT
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 03-0361934
Organization Overview
Spring Hill School Incorporated is located in Waitsfield, VT. The organization was established in 1999. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Spring Hill School Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Hill School Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Spring Hill School Incorporated generated $280.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $279.4k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGH QUALITY EARLY EDUCATION PROGRAM FOSTERING VARIOUS DEVELOPMENT AREAS OF EACH CHILD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL FOR 40 CHILDREN INCORPORATING THE REGGIO EMILIA APPROACH TO EARLY CHILDHOOD EDUCATION. MORNING AND AFTERNOON SESSIONS DURING THE WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kira Harris Program Director | Trustee | 40 | $59,034 |
Laura Mongeon Assistant Program Director | Trustee | 40 | $36,171 |
Laura Brines Secretary | OfficerTrustee | 2 | $33 |
Lise Wexler President | OfficerTrustee | 2 | $0 |
Madhurri Barefoot Maves Vice President | OfficerTrustee | 2 | $0 |
Kathryn Little Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,694 |
| Total Program Service Revenue | $194,663 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,655 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,305 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,150 |
| Payroll taxes | $14,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50 |
| Advertising and promotion | $1,136 |
| Office expenses | $1,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,714 |
| Interest | $4,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,933 |
| Insurance | $4,874 |
| All other expenses | $2,734 |
| Total functional expenses | $279,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,358 |
| Savings and temporary cash investments | $53,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $249,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $356,663 |
| Accounts payable and accrued expenses | $28,488 |
| Grants payable | $0 |
| Deferred revenue | $6,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $135,848 |
| Net assets without donor restrictions | $220,815 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $356,663 |
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