Houghton Academy
- Assets
- $1.7m
- Revenue
- $427.6k
- Investments
- $0.0
- Employees
- 39
- Location
- Houghton, NY
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 16-0838072
Organization Overview
Houghton Academy is located in Houghton, NY. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Houghton Academy employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houghton Academy 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, Houghton Academy generated $427.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
HOUGHTON ACADEMY IS A CHRISTIAN, COLLEGE-PREP BOARDING AND DAY SCHOOL ENTORLING STUDENTS IN GRADES 6-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUXILIARY ENTERPRISES - ROOM, BOARD AND EXTRACURRICULAR ACTIVITIES. APPROXIMATELY 60 STUDENTS SERVED.586055
SECONDARY EDUCATION - INSTRUCTIONAL. APPROXIMATELY 100 STUDENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Daugherty Secretary | OfficerTrustee | 1 | $0 |
Phillip Stockin Head Of School | Officer | 35 | $0 |
Jonathan Keith CFO | Officer | 35 | $0 |
Heiko Burklin Board Member | Trustee | 1 | $0 |
Peter Bellamy Board Member | Trustee | 1 | $0 |
Allen Gurley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,933 |
| Total Program Service Revenue | $131,554 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $78,998 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,070 |
| Compensation of current officers, directors, key employees. | $103,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,773 |
| Advertising and promotion | $13,818 |
| Office expenses | $25,526 |
| Information technology | $27,604 |
| Royalties | $0 |
| Occupancy | $121,299 |
| Travel | $2,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,264 |
| Insurance | $13,352 |
| All other expenses | $0 |
| Total functional expenses | $1,098,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,250 |
| Savings and temporary cash investments | $4,438 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,814 |
| 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 | $1,366,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,680,411 |
| Accounts payable and accrued expenses | $3,525 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $235,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,509 |
| Total liabilities | $263,375 |
| Net assets without donor restrictions | $1,401,222 |
| Net assets with donor restrictions | $15,814 |
| 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 | $1,680,411 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Houghton Academy has recieved totaling $101.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Endowment Analysis
| Beg. Balance | $282,199 |
| Earnings | $108 |
| Admin Expense | $282,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |