Hobgood Academy Inc
- Assets
- $26.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 12
- Location
- Hobgood, NC
- Founding
- 12/1971
- Data as of
- 06/2024
- EIN
- 56-0940857
Organization Overview
Hobgood Academy Inc is located in Hobgood, NC. The organization was established in 1971. 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, Hobgood Academy Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobgood 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, Hobgood Academy Inc generated $189.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $216.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PRIVATE SCHOOL PROVIDING EDUCATION TO STUDENTS IN A RACIALLY NONDISCRIMINATORY MANNER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kiser Chair | 0 | $0 | |
Rhonda Mayer Secretary | 0 | $0 | |
Katelyn Edmondson Director | 0 | $0 | |
Kelly Craft Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,526 |
| Total Program Service Revenue | $165,398 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,934 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $165,727 |
| Professional fees and other payments to independent contractors | $1,092 |
| Occupancy, rent, utilities, and maintenance | $12,220 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,554 |
| Total expenses | $216,593 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,535 |
| Other assets | $0 |
| Total assets | $26,211 |
| Total liabilities | $6,717 |
| Net assets or fund balances | $19,494 |