Hampton Roads Academy
- Assets
- $24.4m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 231
- Location
- Newport News, VA
- Founding
- 02/1961
- Data as of
- 06/2023
- 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 06/2023, Hampton Roads Academy employed 231 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 06/2023, Hampton Roads Academy generated $16.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $14.3m during the year ending 06/2023. While expenses have increased by 2.3% per year over the past 8 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
2023
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 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 2022-2023, HRA PROVIDED HIGH-QUALITY EDUCATION TO 645 STUDENTS AND FINANCIAL ASSISTANCE TO 135 OF THOSE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natasha Rose Board Chair | OfficerTrustee | 2 | $0 |
Leasa Anderson Trustee | Trustee | 2 | $0 |
Rhonda Barbosa Trustee | Trustee | 2 | $0 |
Chris Beal Trustee | Trustee | 2 | $0 |
Joshua Dornan Trustee | Trustee | 2 | $0 |
Allison Parks Hale Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tennis Courts Inc Construction | 6/29/18 | $125,528 |
Kpm Llc | 6/29/18 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,158,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,307,565 |
| Total Program Service Revenue | $12,958,050 |
| Investment income | $261,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$98,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $149,002 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,627,707 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,581,468 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $507,882 |
| Compensation of current officers, directors, key employees. | $152,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,102,529 |
| Pension plan accruals and contributions | $247,413 |
| Other employee benefits | $655,161 |
| Payroll taxes | $549,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,093 |
| Fees for services: Other | $10,507 |
| Advertising and promotion | $50,401 |
| Office expenses | $337,155 |
| Information technology | $167,477 |
| Royalties | $0 |
| Occupancy | $705,930 |
| Travel | $46,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $889,262 |
| Insurance | $120,221 |
| All other expenses | $15,512 |
| Total functional expenses | $14,287,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,508,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,254,772 |
| Accounts receivable, net | $341,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,173 |
| Prepaid expenses and deferred charges | $102,363 |
| Net Land, buildings, and equipment | $16,588,284 |
| Investments—publicly traded securities | $2,476,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,430 |
| Total assets | $24,369,472 |
| Accounts payable and accrued expenses | $881,376 |
| Grants payable | $0 |
| Deferred revenue | $1,902,953 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $106,341 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $633,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,523,850 |
| Net assets without donor restrictions | $17,684,131 |
| Net assets with donor restrictions | $3,161,491 |
| 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 | $24,369,472 |