Hartfield Academy Inc
- Assets
- $24.4m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 227
- Location
- Flowood, MS
- Founding
- 06/2012
- Data as of
- 06/2022
- 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 06/2022, Hartfield Academy Inc employed 227 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 06/2022, Hartfield Academy Inc generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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
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 | 40 | $210,000 | |
Lee Adams Treasurer | OfficerTrustee | 1.5 | $0 |
Tim Sensing President | OfficerTrustee | 1.5 | $0 |
Richard Simpson Secretary | OfficerTrustee | 1.5 | $0 |
Baxter Burns Director | Trustee | 1.5 | $0 |
Lane Cockrell Director | Trustee | 1.5 | $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 |
Canizaro Cawthon Davis Architecture | 6/29/19 | $213,922 |
Diamond Design Design & Constructio | 6/29/19 | $279,105 |
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 | $846,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,020 |
| Total Program Service Revenue | $10,332,460 |
| Investment income | $5,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $67,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,249,277 |
| 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 | $5,558,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $825,056 |
| 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 | $305,650 |
| Advertising and promotion | $39,274 |
| Office expenses | $143,768 |
| Information technology | $223,059 |
| Royalties | $0 |
| Occupancy | $514,519 |
| Travel | $9,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $385,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $989,237 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,299,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,841,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $50,301 |
| 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 | $885 |
| Net Land, buildings, and equipment | $18,343,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $116,960 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,403,436 |
| Accounts payable and accrued expenses | $415,487 |
| Grants payable | $0 |
| Deferred revenue | $2,753,887 |
| Tax-exempt bond liabilities | $9,336,499 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $658,106 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $353,546 |
| Total liabilities | $13,517,525 |
| Net assets without donor restrictions | $10,490,166 |
| Net assets with donor restrictions | $395,745 |
| 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 | $24,403,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hartfield Academy Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Cb Foundation Inc Flowood, MS PURPOSE: EDUCATIONAL | $50,000 |
Endowment Analysis
| Beg. Balance | $167,529 |
| Earnings | -$18,759 |
| Net Contributions | $35,000 |
| Ending Balance | $183,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Harpeth Hall School Nashville, TN | $137,432,520 | $30,321,842 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |
Briarcrest Christian School System Inc Eads, TN | $78,736,956 | $26,903,624 |
Webb School Of Knoxville Knoxville, TN | $127,416,223 | $27,386,395 |
St Andrews Episcopal Day School Ridgeland, MS | $52,744,561 | $21,848,702 |
St Marys Episcopal School Memphis, TN | $88,473,090 | $24,143,990 |
Hutchison School Memphis, TN | $51,078,822 | $24,021,872 |
Girls Preparatory School Inc Chattanooga, TN | $62,392,596 | $20,905,031 |
Chattanooga Christian School Inc Chattanooga, TN | $39,588,264 | $28,778,416 |
Little Rock Christian Academy Inc Little Rock, AR | $58,679,923 | $27,913,353 |
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |