Hutson School Inc
- Assets
- $3.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 49
- Location
- Indiananpolis, IN
- Founding
- 02/2002
- Data as of
- 06/2023
- EIN
- 35-2148108
Organization Overview
Hutson School Inc is located in Indiananpolis, IN. The organization was established in 2002. 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 06/2023, Hutson School Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutson 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, Hutson School Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. 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
THE HUTSON SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR STUDENTS IN GRADES K THROUGH 12 WITH LANGUAGE LEARNING DISABILITIES. THE MISSION IS TO PROVIDE AN ENVIROMENT THAT NURTURES EACH CHILD'S DEVELOPMENT, BUILDS UPON HIS/HERS INDIVIDUAL STRENGTHS AND OFFERS REMEDIATION IN AREAS OF WEAKNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT DAY SCHOOL FOR CHILDREN WITH LEARNING DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Coles Head Of Scho | Officer | 40 | $85,074 |
Jonathan Elliot Business Dir | Officer | 40 | $74,056 |
Alan Bouwkamp Board Member | Trustee | $0 | |
Jeffrey Dodge Board Member | Trustee | $0 | |
Brad Hoop Board Member | Trustee | $0 | |
Jennifer Horn Board Member | Trustee | $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 | $257,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,703 |
| Total Program Service Revenue | $1,897,720 |
| Investment income | $4,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,250,188 |
| 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. | $159,490 |
| Compensation of current officers, directors, key employees. | $46,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,328,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,942 |
| Payroll taxes | $116,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,880 |
| Advertising and promotion | $21,870 |
| Office expenses | $19,429 |
| Information technology | $18,588 |
| Royalties | $0 |
| Occupancy | $250,216 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,965 |
| Insurance | $38,294 |
| All other expenses | $11,949 |
| Total functional expenses | $2,337,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,741 |
| Savings and temporary cash investments | $661,625 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,599,655 |
| Investments—publicly traded securities | $30,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,130 |
| Total assets | $2,995,204 |
| Accounts payable and accrued expenses | $0 |
| 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 | $608,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,153 |
| Total liabilities | $726,746 |
| Net assets without donor restrictions | $1,995,229 |
| Net assets with donor restrictions | $273,229 |
| 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 | $2,995,204 |