Hampton Roads Academy
- Assets
- $24.5m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 210
- Location
- Newport News, VA
- Founding
- 02/1961
- Data as of
- 06/2021
- EIN
- 54-0659912
Organization Overview
Hampton Roads Academy is located in Newport News, VA. The organization was established in 1961. 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 06/2021, Hampton Roads Academy employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads 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 06/2021, Hampton Roads Academy generated $14.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $12.8m during the year ending 06/2021. While expenses have increased by 1.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A CO-ED, PRIVATE, INDEPENDENT, DAY SCHOOL FOR GRADES PRE-K THROUGH 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HALLMARK OF HRA IS ITS CULTIVATION OF A COMMUNITY OF COMPASSION AND EXCELLENCE THAT NURTURES THE WHOLE STUDENT. NOW, IN THESE CHALLENGING YEARS OF 2020 AND BEYOND MORE THAN EVER, THIS COMMUNITY IS ACHIEVED THROUGH A TOP QUALITY ACADEMIC PROGRAM, PERSONAL ATTENTION TO EACH STUDENT, AND AN ENVIRONMENT WHICH IS SAFE AND HEALTHY BOTH PHYSICALLY AND EMOTIONALLY. EVERY STUDENT IS ENCOURAGED TO EXPLORE A VARIETY OF EXPERIENCES, ACADEMIC AND EXTRA-CURRICULAR, FROM THE SCIENCE LABS, TO THE PLAYING FIELDS, TO THE STAGE. AT HRA, EACH STUDENT IS VALUED FOR, AND ENCOURAGED TO CULTIVATE THEIR INDIVIDUAL STRENGTHS.DURING FY 2020-2021, HRA PROVIDED HIGH-QUALITY EDUCATION TO 611 STUDENTS AND FINANCIAL ASSISTANCE TO 139 OF THOSE STUDENTS.
HRA CONTINUES TO WELCOME A GLOBAL COMMUNITY TO ITS PROGRAMS. OUR INTERNATIONAL STUDENTS ENRICH BOTH THE EDUCATIONAL AND CULTURAL EXPERIENCES OF OUR STUDENT BODY AND OFFER US ALL A STRONGER UNDERSTANDING OF OUR GLOBAL COMMUNITY. THE HAMPTON ROADS ACADEMY UPPER SCHOOL PROVIDES ROOM AND BOARD TO ENSURE THAT ALL INTERNATIONAL STUDENTS HAVE A TRUE AMERICAN RESIDENTIAL EXPERIENCE.
THE HALLMARK OF HRA IS ITS CULTIVATION OF A COMMUNITY OF COMPASSION AND EXCELLENCE THAT NURTURES THE WHOLE STUDENT. NOW, IN THESE CHALLENGING YEARS OF 2020 AND BEYOND MORE THAN EVER, THIS COMMUNITY IS ACHIEVED THROUGH A TOP QUALITY ACADEMIC PROGRAM, PERSONAL ATTENTION TO EACH STUDENT, AND AN ENVIRONMENT WHICH IS SAFE AND HEALTHY BOTH PHYSICALLY AND EMOTIONALLY. EVERY STUDENT IS ENCOURAGED TO EXPLORE A VARIETY OF EXPERIENCES, ACADEMIC AND EXTRA-CURRICULAR, FROM THE SCIENCE LABS, TO THE PLAYING FIELDS, TO THE STAGE. AT HRA, EACH STUDENT IS VALUED FOR, AND ENCOURAGED TO CULTIVATE THEIR INDIVIDUAL STRENGTHS.DURING FY 2020-2021, HRA PROVIDED HIGH-QUALITY EDUCATION TO 611 STUDENTS AND FINANCIAL ASSISTANCE TO 139 OF THOSE STUDENTS.
HRA CONTINUES TO WELCOME A GLOBAL COMMUNITY TO ITS PROGRAMS. OUR INTERNATIONAL STUDENTS ENRICH BOTH THE EDUCATIONAL AND CULTURAL EXPERIENCES OF OUR STUDENT BODY AND OFFER US ALL A STRONGER UNDERSTANDING OF OUR GLOBAL COMMUNITY. THE HAMPTON ROADS ACADEMY UPPER SCHOOL PROVIDES ROOM AND BOARD TO ENSURE THAT ALL INTERNATIONAL STUDENTS HAVE A TRUE AMERICAN RESIDENTIAL EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mertz Head Of School | Officer | 50 | $269,227 |
Ronald Dechirico Director, Finance & Operations | Officer | 50 | $127,014 |
Angus J Henderson Director, Advancement | 50 | $101,450 | |
Keith Vander Vennet Chair | OfficerTrustee | 1 | $0 |
Joshua Dornan Trustee | Trustee | 1 | $0 |
Naved Jafri Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kpm Llc | 6/29/18 | $0 |
Tennis Courts Inc Construction | 6/29/18 | $125,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,617,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $909,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,526,706 |
| Total Program Service Revenue | $11,787,207 |
| Investment income | $79,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,993 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $120,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,722,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,388,720 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $442,424 |
| Compensation of current officers, directors, key employees. | $132,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,359,256 |
| Pension plan accruals and contributions | $209,358 |
| Other employee benefits | $597,264 |
| Payroll taxes | $471,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,488 |
| Fees for services: Other | $4,306 |
| Advertising and promotion | $18,762 |
| Office expenses | $213,776 |
| Information technology | $291,415 |
| Royalties | $0 |
| Occupancy | $741,493 |
| Travel | $18,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $166,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878,252 |
| Insurance | $92,062 |
| All other expenses | $14,838 |
| Total functional expenses | $12,798,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,631,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,634,121 |
| Accounts receivable, net | $465,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,666 |
| Prepaid expenses and deferred charges | $21,345 |
| Net Land, buildings, and equipment | $17,007,086 |
| Investments—publicly traded securities | $2,706,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,428 |
| Total assets | $24,546,952 |
| Accounts payable and accrued expenses | $747,194 |
| Grants payable | $0 |
| Deferred revenue | $2,687,329 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $126,996 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,262,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,823,613 |
| Net assets without donor restrictions | $14,280,138 |
| Net assets with donor restrictions | $4,443,201 |
| 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 | $24,546,952 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hampton Roads Academy has recieved totaling $217,212.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $141,300 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $70,000 |
Hastings Trust Yorktown, VA PURPOSE: EDUCATIONAL GOALS OF EACH | $3,500 |
J P Yancey Foundation Newport News, VA PURPOSE: GENERAL CONTRIBUTION | $1,000 |
Revere Family Foundation Hartfield, VA PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $362 |
Endowment Analysis
| Beg. Balance | $2,071,284 |
| Earnings | $533,640 |
| Net Contributions | $152,737 |
| Other Expense | $21,574 |
| Ending Balance | $2,736,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Charles E Smith Jewish Day School Of Greater Washington Inc Rockville, MD | $72,940,113 | $37,835,110 |
Landon School Corporation Bethesda, MD | $80,382,622 | $54,334,304 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Friends School Of Baltimore Inc Baltimore, MD | $92,747,497 | $38,147,236 |
Maret School Inc Washington, DC | $97,996,233 | $40,685,591 |
Bryn Mawr School For Girls Of Baltimore City Baltimore, MD | $100,381,068 | $39,864,147 |