High Point Academy
- Assets
- $19.0m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 78
- Location
- Pasadena, CA
- Founding
- 02/1973
- Data as of
- 07/2023
- EIN
- 23-7253533
Organization Overview
High Point Academy is located in Pasadena, CA. The organization was established in 1973. 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 07/2023, High Point Academy employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point 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 07/2023, High Point Academy generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $7.1m during the year ending 07/2023. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT SCHOOL FOR CHILDREN, GRADES KINDERGARTEN THROUGH EIGHTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH POINT ACADEMY PROVIDED QUALITY EDUCATION TO APPROXIMATELY 335 CHILDREN, GRADES KINDERGARTEN TO EIGHT. ON AVERAGE, 95-100% OF THE GRADUATING CLASS ARE ACCEPTED INTO FRESHMAN CLASSES OF OUTSTANDING INDEPENDENT (PRIVATE) SECONDARY SCHOOLS PRIMARILY IN THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Gomez-Novy Board Chair | OfficerTrustee | 10 | $0 |
Fanya Thomson Secretary | OfficerTrustee | 1.5 | $0 |
Elizabeth Woo Treasurer | OfficerTrustee | 1.5 | $0 |
Antonio Rubbo Trustee | Trustee | 1.5 | $0 |
Gina Lee Trustee | Trustee | 1.5 | $0 |
Sherrie Singer Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles K Dusenberry Ii Inc Construction | 7/30/22 | $231,783 |
Knowing Technologies Llc It Services | 7/30/22 | $162,928 |
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 | $403,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,016 |
| Total Program Service Revenue | $7,230,249 |
| Investment income | $325,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $85,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,043,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $238,627 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $506,931 |
| Compensation of current officers, directors, key employees. | $461,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,730,817 |
| Pension plan accruals and contributions | $212,584 |
| Other employee benefits | $371,239 |
| Payroll taxes | $312,020 |
| Fees for services: Management | $154,831 |
| Fees for services: Legal | $990 |
| Fees for services: Accounting | $28,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $445,830 |
| Advertising and promotion | $42,253 |
| Office expenses | $96,491 |
| Information technology | $91,300 |
| Royalties | $0 |
| Occupancy | $303,677 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,661 |
| Interest | $2,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,094 |
| Insurance | $98,905 |
| All other expenses | $0 |
| Total functional expenses | $7,111,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,910 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,400 |
| 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 | $114,892 |
| Net Land, buildings, and equipment | $5,749,079 |
| Investments—publicly traded securities | $12,170,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,356 |
| Total assets | $18,959,527 |
| Accounts payable and accrued expenses | $287,423 |
| Grants payable | $0 |
| Deferred revenue | $731,000 |
| 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 | $427,732 |
| Total liabilities | $1,446,155 |
| Net assets without donor restrictions | $17,107,402 |
| Net assets with donor restrictions | $405,970 |
| 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 | $18,959,527 |