Hargrave Military Academy

Organization Overview

Hargrave Military Academy is located in Chatham, VA. The organization was established in 2003. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 05/2022, Hargrave Military Academy employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hargrave Military 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 05/2022, Hargrave Military Academy generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $10.3m during the year ending 05/2022. While expenses have increased by 0.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PRIVATE SCHOOL

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRIVATE ACADEMY PROVIDING EDUCATION TO STUDENTS IN A CAMPUS SETTING.


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Board, Officers & Key Employees

Name (title)Compensation
William Riddle
Director Of
$83,277
Robert Bartenstein
Vice Chairma
$0
Ben J Davenport
Chairman Of
$0
Jack C Pattisall
Secretary
$0
Sloan Gibson
President
$0
Maxine Alexis
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$4,746,345
Noncash contributions included in lines 1a–1f $1,887
Total Revenue from Contributions, Gifts, Grants & Similar$4,746,345
Total Program Service Revenue$5,492,827
Investment income $85,579
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$123,774
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,774
Miscellaneous Revenue$0
Total Revenue $9,809,974

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Hargrave Military Academy has recieved totaling $1,417,099.

Awarding OrganizationAmount
E Stuart James Grant Charitable Tr

Danville, VA

PURPOSE: $750,000 COMPREHENSIVE CAMPAIGN (4TH YEAR OF A 5 YEAR PLEDGE); $100,000 UNRESTRICTED SUPPORT

$850,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES

$251,000
E Stuart James Grant Charitable Tr

Danville, VA

PURPOSE: UNRESTRICTED SUPPORT

$100,000
Charles B Keesee Educational Fund Incorporated

Martinsville, VA

PURPOSE: STUDENT GRANTS FOR TUITION, BOOKS, FEES, ETC.

$100,000
A E Finley Foundation Inc

Raleigh, NC

PURPOSE: OPERATING SUPPORT

$83,285
The Montgomery Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,967,692
Earnings-$89,553
Net Contributions$1,232,375
Other Expense$201,548
Ending Balance$6,908,966

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