Hammond School
- Assets
- $62.5m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 365
- Location
- Columbia, SC
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 57-0477924
Organization Overview
Hammond School is located in Columbia, SC. The organization was established in 1984. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hammond School employed 365 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hammond School 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, Hammond School generated $23.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $20.4m during the year ending 06/2022. While expenses have increased by 3.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HAMMOND SCHOOL IS TO INSTILL IN STUDENTS A COMMITMENT TO ACADEMIC EXCELLENCE AND RECOGNITION OF INDIVIDUAL POTENTIAL THAT WILL CONTRIBUTE TO THE DEVELOPMENT OF THEIR CHARACTERS.
Describe the Organization's Program Activity:
HAMMOND SCHOOL IS A NON-PROFIT PRIMARY EDUCATIONAL INSTITUTION PROVIDING EDUCATION FROM PRESCHOOL THROUGH GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth E Bernstein Trustee | Trustee | 1 | $0 |
Robert B Bethea Jr Trustee | Trustee | 1 | $0 |
Joseph A Edens III Trustee | Trustee | 1 | $0 |
R Seth Black Trustee | Trustee | 1 | $0 |
Michael E Edens Trustee | Trustee | 1 | $0 |
J Cantey Heath Jr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Musco Corporation Installation Of New Stadium Field Lighti | 6/29/22 | $350,000 |
The Budd Group Janitorial | 6/29/22 | $312,121 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,676 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,504,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,581,081 |
| Total Program Service Revenue | $20,618,879 |
| Investment income | $336,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $210,720 |
| Net Income from Fundraising Events | $124,004 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,206,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,857,386 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,756,556 |
| Compensation of current officers, directors, key employees. | $176,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,579,637 |
| Pension plan accruals and contributions | $370,240 |
| Other employee benefits | $1,679,109 |
| Payroll taxes | $645,727 |
| Fees for services: Management | $88,371 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $265,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,916,006 |
| Insurance | $158,151 |
| All other expenses | $571,153 |
| Total functional expenses | $20,351,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,389,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,864 |
| Accounts receivable, net | $7,217,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,947 |
| Prepaid expenses and deferred charges | $281,422 |
| Net Land, buildings, and equipment | $29,103,895 |
| Investments—publicly traded securities | $9,012,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,328 |
| Total assets | $62,530,950 |
| Accounts payable and accrued expenses | $2,294,208 |
| Grants payable | $0 |
| Deferred revenue | $16,090,184 |
| Tax-exempt bond liabilities | $10,187,595 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $800,166 |
| Total liabilities | $29,372,153 |
| Net assets without donor restrictions | $29,567,991 |
| Net assets with donor restrictions | $3,590,806 |
| 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 | $62,530,950 |