Hayground School Inc
- Assets
- $3.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 187
- Location
- Bridgehampton, NY
- Founding
- 12/1996
- Data as of
- 06/2023
- EIN
- 11-3365670
Organization Overview
Hayground School Inc is located in Bridgehampton, NY. The organization was established in 1996. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Hayground School Inc employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hayground School Inc 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 06/2023, Hayground School Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AN EDUCATIONAL INSTITUTION FOR CHILDERN RANGING FROM NURSERY SCHOOL THROUGH EIGHTH GRADE FROM SEPTEMBER THROUGH JUNE AND TO OPERATE A CAMP DURING THE SUMMER MONTHS.
Describe the Organization's Program Activity:
OPERATION OF AN EDUCATIONAL INSTITUTION FOR CHILDERN RANGING FROM NURSERY SCHOOL THROUGH EIGHTH GRADE FROM SEPTEMBER THROUGH JUNE.
OPERATION OF A DAY CAMP DURING THE SUMMER MONTHS FOR CHILDERN RANGING FROM AGES THREE TO THIRTEEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arjun Achuthan Trustee | Trustee | 40 | $111,049 |
Doug Weitz Director | Trustee | 40 | $116,782 |
Marcelle Langendal Trustee | Trustee | 40 | $111,049 |
Liz Bertsch Trustee | Trustee | 40 | $111,049 |
Julie Fanelli Trustee | Trustee | 40 | $98,713 |
Jamie Lawless Teacher | 40 | $90,720 |
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 | $234,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,351 |
| Total Program Service Revenue | $3,593,167 |
| Investment income | $11,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,307 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,582 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,868,467 |
| 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. | $823,941 |
| Compensation of current officers, directors, key employees. | $89,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,339,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $311,576 |
| Payroll taxes | $168,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,069 |
| Advertising and promotion | $32,329 |
| Office expenses | $40,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,806 |
| Insurance | $51,763 |
| All other expenses | $167,670 |
| Total functional expenses | $3,775,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,823 |
| Savings and temporary cash investments | $254,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,994 |
| 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 | $55,189 |
| Net Land, buildings, and equipment | $2,057,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219 |
| Total assets | $3,188,848 |
| Accounts payable and accrued expenses | $84,650 |
| Grants payable | $0 |
| Deferred revenue | $2,323,213 |
| 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 | $147,959 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,555,822 |
| Net assets without donor restrictions | $633,026 |
| 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 | $3,188,848 |