Harding Academy
- Assets
- $37.0m
- Revenue
- $14.2m
- Investments
- $9.5m
- Employees
- 178
- Location
- Nashville, TN
- Founding
- 10/1971
- Data as of
- 06/2020
- 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 06/2021, Harding Academy employed 178 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 06/2020, Harding Academy generated $14.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $11.5m during the year ending 06/2020. While expenses have increased by 1.1% per year over the past 6 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
2020
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.
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 |
|---|---|---|---|
Dave Skeen Head Of School | Officer | 50 | $295,014 |
Charles Maumus Assistant Head Of School For Finance & Operations | 50 | $164,349 | |
Laura Underwood Director Of Lower School | 50 | $153,886 | |
Joseph D Codispoti Director Of Middle School | 50 | $129,312 | |
Janet Shoemaker Controller | 50 | $110,201 | |
Ruthie Lowney Director Of Advancement | 50 | $107,613 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orcutt Winslow Architect Fees-theater Bldg | 6/29/21 | $208,185 |
Peachtree Tents & Events Llc Dba Eventw Tents For Outdoor | 6/29/21 | $131,466 |
Orcutt Winslow Architect Fees-theater Bldg | 6/29/21 | $208,185 |
The Parent Company Enclosing And Heating Turf Tent, Lobby O | 6/29/21 | $148,992 |
Peachtree Tents & Events Llc Dba Eventw Tents For Outdoor | 6/29/21 | $131,466 |
Mahaffeey Usa Llc Outdoor Tent Install, Rental | 6/29/21 | $216,754 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,845,053 |
| Investment income | $663,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $155,483 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,183,780 |
| 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. | $765,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,231,246 |
| Pension plan accruals and contributions | $315,527 |
| Other employee benefits | $612,475 |
| Payroll taxes | $431,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,261 |
| Fees for services: Accounting | $76,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $93,003 |
| Office expenses | $5,279 |
| Information technology | $165,668 |
| Royalties | $0 |
| Occupancy | $901,772 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $226,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053,728 |
| Insurance | $128,071 |
| All other expenses | $0 |
| Total functional expenses | $11,498,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,311,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,760,539 |
| Accounts receivable, net | $74,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,145 |
| Prepaid expenses and deferred charges | $293,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,542,389 |
| Investments—program-related | $0 |
| Intangible assets | $53,872 |
| Other assets | $22,005 |
| Total assets | $37,040,794 |
| Accounts payable and accrued expenses | $797,104 |
| Grants payable | $0 |
| Deferred revenue | $687,016 |
| 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 | $6,159,442 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $165,151 |
| Total liabilities | $7,808,713 |
| 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 | $29,232,081 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harding Academy has recieved totaling $250,256.
| Awarding Organization | Amount |
|---|---|
Milton And Denice Johnson Family Foundation Nashville, TN PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $256 |
Endowment Analysis
| Beg. Balance | $9,184,478 |
| Earnings | -$677,801 |
| Admin Expense | $23,832 |
| Net Contributions | $56,053 |
| Ending Balance | $8,538,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |