Harding Academy
- Assets
- $41.0m
- Revenue
- $15.7m
- Investments
- $11.4m
- Employees
- 195
- Location
- Nashville, TN
- Founding
- 10/1971
- Data as of
- 06/2021
- EIN
- 62-0852815
Organization Overview
Harding Academy is located in Nashville, TN. The organization was established in 1971. 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, Harding Academy employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harding 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 06/2021, Harding Academy generated $15.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. While expenses have increased by 1.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND INSPIRE YOUNG PEOPLE TO BECOME THOUGHTFUL, CREATIVE, LIFELONG LEARNERS AND SELF-DISCIPLINED, RESPONSIBLE, CARING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL--THE SCHOOL OFFERS AN EDUCATIONAL CURRICULUM FOR PRE-KINDERGARTEN THROUGH THE EIGHTH GRADE. EXPENSES INCLUDE TEACHING SALARIES AND BENEFITS AS WELL AS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Abrams President | OfficerTrustee | 10 | $0 |
Ripley Bickerstaff Trustee | Trustee | 10 | $0 |
Jessica Darden Trustee | Trustee | 10 | $0 |
Nic Donahue Trustee | Trustee | 10 | $0 |
Melissa Frist Trustee | Trustee | 10 | $0 |
Ben Heavrin Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mahaffeey Usa Llc Outdoor Tent Install, Rental | 6/29/22 | $161,906 |
Rss Roofing Services And Solutions Llc Roof Replacement | 6/29/22 | $124,000 |
Apex Bldg Services Llc Cleaning Services | 6/29/22 | $123,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,524,494 |
| Investment income | $20,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$38,471 |
| Net Gain/Loss on Asset Sales | $7,778 |
| Net Income from Fundraising Events | $129,641 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,657,417 |
| Statement of Expenses | |
|---|---|
| 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. | $345,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,931,996 |
| Pension plan accruals and contributions | $303,343 |
| Other employee benefits | $628,403 |
| Payroll taxes | $442,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,356 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,564 |
| Office expenses | $14,126 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,596,321 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $950,737 |
| Insurance | $147,255 |
| All other expenses | $0 |
| Total functional expenses | $12,127,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,298 |
| Savings and temporary cash investments | $6,013,238 |
| Pledges and grants receivable | $3,015,913 |
| Accounts receivable, net | $59,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,564 |
| Prepaid expenses and deferred charges | $313,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,371,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,994,523 |
| Accounts payable and accrued expenses | $982,212 |
| Grants payable | $0 |
| Deferred revenue | $742,457 |
| 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 | $4,668,017 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,265 |
| Total liabilities | $6,454,951 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $34,539,572 |