University Independent School Inc
- Assets
- $8.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 111
- Location
- Hopkinsville, KY
- Founding
- 06/1973
- Data as of
- 05/2023
- EIN
- 61-0847737
Organization Overview
University Independent School Inc is located in Hopkinsville, KY. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 05/2023, University Independent School Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Independent School 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 05/2023, University Independent School Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.7m during the year ending 05/2023. While expenses have increased by 3.8% 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
PRIVATE SCHOOL- STRONG COLLEGE PREPARATORY CURRICULUM AND RELATED STUDENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT COLLEGE PREPARATORY SCHOOL FOR STUDENTS IN PRE-KINDERGARTEN THROUGH 12TH GRADE FOR STUDENTS TO ACHIEVE ACADEMICALLY AND EXTRACURRICULAR ACTIVITIES TO PREPARE STUDENTS FOR SUCCESS IN COLLEGE AND LIFE.
DEPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Barlow Director | Trustee | $0 | |
Meagan Conrad Director & T | OfficerTrustee | $0 | |
Foster Cotthoff Director & V | OfficerTrustee | $0 | |
Sarah Flynn Director | Trustee | $0 | |
Tim Flynn Director & C | OfficerTrustee | $0 | |
Michelle Givens Director & S | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,433 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,947 |
| Total Program Service Revenue | $3,753,391 |
| Investment income | $1,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$54,953 |
| Net Income from Fundraising Events | $5,692 |
| Net Income from Gaming Activities | $46,646 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,287,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,902,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $449,274 |
| Payroll taxes | $137,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,833 |
| Advertising and promotion | $6,773 |
| Office expenses | $16,041 |
| Information technology | $41,569 |
| Royalties | $0 |
| Occupancy | $238,694 |
| Travel | $512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,691 |
| Insurance | $39,918 |
| All other expenses | $0 |
| Total functional expenses | $3,721,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,791 |
| Savings and temporary cash investments | $2,472,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,141 |
| 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 | $7,899 |
| Net Land, buildings, and equipment | $5,500,572 |
| Investments—publicly traded securities | $18,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,266 |
| Total assets | $8,377,682 |
| Accounts payable and accrued expenses | $562,533 |
| Grants payable | $0 |
| Deferred revenue | $1,047,992 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,681,619 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,292,144 |
| Net assets without donor restrictions | $5,085,538 |
| Net assets with donor restrictions | $0 |
| 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 | $8,377,682 |