Hill Institute
- Assets
- $10.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Florence, MA
- Founding
- 03/1944
- Data as of
- 06/2021
- EIN
- 04-2111391
Organization Overview
Hill Institute is located in Florence, MA. The organization was established in 1944. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Hill Institute employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hill Institute 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 06/2021, Hill Institute generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $357.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES LOW COST DOMESTIC ARTS AND SCIENCE CLASSES TO ADULTS AND YOUTH STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT AND YOUTH DOMESTIC ARTS AND SCIENCE CLASSES
GRANT UNDER WILL TO FREE CONGREGATIONAL SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hammel Trustee/executive Director | OfficerTrustee | 40 | $98,270 |
Kenneth P Deso Treasurer/trustee | OfficerTrustee | 12 | $20,589 |
Adele J Barkowski Asst Treasurer/trustee | OfficerTrustee | 2 | $2,816 |
Edward Welch President/trustee | OfficerTrustee | 1 | $0 |
Diane Bradford Secretary/trustee | OfficerTrustee | 1 | $0 |
Phylis Bouthilette Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,443 |
| Investment income | $112,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,268,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,437,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $121,675 |
| Compensation of current officers, directors, key employees. | $23,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,458 |
| Office expenses | $5,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,304 |
| Insurance | $15,847 |
| All other expenses | $0 |
| Total functional expenses | $357,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,957 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,550 |
| Net Land, buildings, and equipment | $483,082 |
| Investments—publicly traded securities | $9,977,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,518,107 |
| Accounts payable and accrued expenses | $13,000 |
| Grants payable | $0 |
| Deferred revenue | $1,200 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,200 |
| Net assets without donor restrictions | $10,503,907 |
| 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 | $10,518,107 |
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