Hartfield Academy Inc
- Assets
- $31.1m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 252
- Location
- Flowood, MS
- Founding
- 06/2012
- Data as of
- 06/2024
- EIN
- 45-2712832
Organization Overview
Hartfield Academy Inc is located in Flowood, MS. The organization was established in 2012. 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 06/2024, Hartfield Academy Inc employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartfield Academy 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 06/2024, Hartfield Academy Inc generated $13.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $11.7m during the year ending 06/2024. While expenses have increased by 8.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HARTFIELD IS A CHRIST-CENTERED, COLLEGE PREP SCHOOL CREATED TO ENABLE ITS STUDENTS TO GAIN MASTERY AT THE PRE-COLLEGIATE LEVEL AND CREATE A SIGNIFICANT PLATFORM FOR FURTURE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARTFIELD ACADEMY, INC. IS A COLLEGE PREPARATORY SCHOOL CREATED TO ENABLE ITS STUDENTS TO GAIN MASTERY AT THE PRE-COLLEGIATE LEVEL AND CREATE A SIGNIFICANT PLATFORM FOR FUTURE SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Horner Headmaster | $239,000 | ||
Lee Adams Treasurer | OfficerTrustee | $0 | |
Baxter Burns Director | Trustee | $0 | |
Lane Cockrell Director | Trustee | $0 | |
Melanie Dew Secretary | OfficerTrustee | $0 | |
Chris Gillard Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fountain Construction Co Construction | 6/29/19 | $5,638,607 |
Thornton Construction Co Construction | 6/29/19 | $314,026 |
Diamond Design Design & Constructio | 6/29/19 | $279,105 |
Canizaro Cawthon Davis Architecture | 6/29/19 | $213,922 |
Business Interiors Interior Design | 6/29/19 | $201,541 |
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 | $1,726,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,726,342 |
| Total Program Service Revenue | $11,927,820 |
| Investment income | $34,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $112,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,914,177 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,624,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,020,221 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,121 |
| Advertising and promotion | $41,596 |
| Office expenses | $170,988 |
| Information technology | $199,346 |
| Royalties | $0 |
| Occupancy | $621,383 |
| Travel | $26,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $351,618 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,054,306 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,743,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,361,900 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $670,415 |
| Accounts receivable, net | $99,143 |
| 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 | $13,609 |
| Net Land, buildings, and equipment | $26,970,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $109,087 |
| Intangible assets | $0 |
| Other assets | $896,331 |
| Total assets | $31,121,281 |
| Accounts payable and accrued expenses | $442,773 |
| Grants payable | $0 |
| Deferred revenue | $3,180,527 |
| Tax-exempt bond liabilities | $7,328,537 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $640,485 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,989,490 |
| Total liabilities | $16,581,812 |
| Net assets without donor restrictions | $13,505,747 |
| Net assets with donor restrictions | $1,033,722 |
| 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 | $31,121,281 |