Hilton Head Christian Academy
- Assets
- $39.8m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 128
- Location
- Bluffton, SC
- Founding
- 08/1984
- Data as of
- 05/2023
- EIN
- 57-0757671
Organization Overview
Hilton Head Christian Academy is located in Bluffton, 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 05/2023, Hilton Head Christian Academy employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hilton Head Christian 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 05/2023, Hilton Head Christian Academy generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $11.9m during the year ending 05/2023. While expenses have increased by 12.3% 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
TO PROVIDE A CHRISTIAN-BASED AND EMPHASIZED EDUCATION FOR STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF STUDENTS GRADES K-12
STUDENT AND ATHLETIC ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Capers Director | Trustee | 2 | $0 |
Tim Drozd Treasurer | Trustee | 2 | $0 |
Chris England Director | Trustee | 2 | $0 |
Gerry Healy Director | Trustee | 2 | $0 |
Jeff Maine Director | Trustee | 2 | $0 |
Tiffany Mikkelson Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,317,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,882,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,199,684 |
| Total Program Service Revenue | $10,088,412 |
| Investment income | $295,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,703,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,123,007 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,184,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $333,144 |
| Payroll taxes | $369,398 |
| Fees for services: Management | $0 |
| 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 | $231,732 |
| Advertising and promotion | $45,543 |
| Office expenses | $58,991 |
| Information technology | $155,197 |
| Royalties | $0 |
| Occupancy | $284,546 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,206,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $989,174 |
| Insurance | $77,688 |
| All other expenses | $276,575 |
| Total functional expenses | $11,862,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,314 |
| Savings and temporary cash investments | $1,799,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,254 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $109,044 |
| Net Land, buildings, and equipment | $26,998,078 |
| Investments—publicly traded securities | $9,790,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $891,029 |
| Total assets | $39,752,996 |
| Accounts payable and accrued expenses | $154,293 |
| Grants payable | $0 |
| Deferred revenue | $573,810 |
| Tax-exempt bond liabilities | $24,482,969 |
| 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 | $1,890,879 |
| Total liabilities | $27,101,951 |
| Net assets without donor restrictions | $6,292,547 |
| Net assets with donor restrictions | $6,358,498 |
| 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 | $39,752,996 |