Hvs Corp
- Assets
- $2.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Ypsilanti, MI
- Founding
- 09/2000
- Data as of
- 06/2022
- EIN
- 38-3543994
Organization Overview
Hvs Corp is located in Ypsilanti, MI. The organization was established in 2000. 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 06/2022, Hvs Corp employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hvs Corp 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, Hvs Corp generated $1.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SCHOOL IS TO PROVIDE A QUALITY CATHOLIC EDUCATION TO THE CHILDREN IN THE ANN ARBOR-YPSILANTI AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S PRIMARY FUNCTION, PURPOSE AND GOAL IS TO PROVIDE HIGH QUALITY CATHOLIC EDUCATION TO PRE-KINDERGARTEN THROUGH EIGHTH GRADE STUDENTS. DURING THE 2021-2022 SCHOOL YEAR APPROXIMATELY 204 STUDENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Baldante Director | Trustee | 1 | $0 |
Dax Almendras Treasurer/director | OfficerTrustee | 1 | $0 |
Pete Burak Chairman/director | OfficerTrustee | 1 | $0 |
Peter Benedetto Director | Trustee | 1 | $0 |
Sharon Price Secretary/edu Policy/direc | Trustee | 1 | $0 |
Christi Mangan Vice Chair/direcor | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,664 |
| Total Program Service Revenue | $1,013,093 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,436,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $232,803 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,227 |
| Payroll taxes | $42,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,967 |
| Office expenses | $12,635 |
| Information technology | $4,877 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,729 |
| Insurance | $16,760 |
| All other expenses | $30,889 |
| Total functional expenses | $1,334,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,333 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $304 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,384,260 |
| Investments—publicly traded securities | $370,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,146 |
| Total assets | $2,487,622 |
| Accounts payable and accrued expenses | $5,094 |
| Grants payable | $0 |
| Deferred revenue | $26,000 |
| 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 | $0 |
| Total liabilities | $31,094 |
| Net assets without donor restrictions | $2,198,669 |
| Net assets with donor restrictions | $257,859 |
| 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 | $2,487,622 |