Highlands Day School Foundation
- Assets
- $18.9m
- Revenue
- $7.7m
- Investments
- $268.8k
- Employees
- 104
- Location
- Birmingham, AL
- Founding
- 09/1959
- Data as of
- 06/2022
- EIN
- 63-0388769
Organization Overview
Highlands Day School Foundation, operating under the name Highlands School, is located in Birmingham, AL. The organization was established in 1959. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Highlands School employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands 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, Highlands School generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 3.8% 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
SUPPORT AN INDEPENDENT SCHOOL EDUCATING CHILDREN THROUGH EIGHTH GRADE
Describe the Organization's Program Activity:
THE FOUNDATION SUPPORTS AN INDEPENDENT SCHOOL WITH EARLY CHILDHOOD EDUCATION THROUGH EIGHTH GRADE.
THE FOUNDATION SUPPORTS AN EXTENDED DAY PROGRAM
THE FOUNDATION SUPPORTS A FAMILY CENTER FOR INFANTS THROUGH THREE YEARS OLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kavita Vasil Head Of School | Officer | 40 | $229,799 |
Robert Mcgehee Assistant Head Of School | 40 | $120,024 | |
Terry Thompson Director Of Finance And Operations | Officer | 40 | $116,649 |
Maye Head Frei Board Of Trustees, President | OfficerTrustee | 0 | $0 |
Kathryn Mcdonald Board Of Trustees, Vice-Pr | OfficerTrustee | 0 | $0 |
Amy Neiman Board Of Trustees, Secreta | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carpet Specialties Carpet | 6/29/20 | $214,555 |
Brasfield & Gorrie Llc Construction | 6/29/20 | $3,963,244 |
Brasfield & Gorrie Llc Construction | 6/29/20 | $3,963,244 |
Carpet Specialties Carpet | 6/29/20 | $214,555 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $467,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,409 |
| Total Program Service Revenue | $6,732,214 |
| Investment income | $109,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,361 |
| Net Gain/Loss on Asset Sales | $294,820 |
| Net Income from Fundraising Events | $92,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,689,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $303,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $465,064 |
| Compensation of current officers, directors, key employees. | $322,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,347,217 |
| Pension plan accruals and contributions | $126,604 |
| Other employee benefits | $194,319 |
| Payroll taxes | $264,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,064 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,107 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,522 |
| Office expenses | $0 |
| Information technology | $33,713 |
| Royalties | $0 |
| Occupancy | $366,310 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $137,106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $621,671 |
| Insurance | $70,108 |
| All other expenses | $135,614 |
| Total functional expenses | $7,213,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,571,479 |
| Pledges and grants receivable | $58,408 |
| Accounts receivable, net | $93,467 |
| 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 | $102,224 |
| Net Land, buildings, and equipment | $10,904,400 |
| Investments—publicly traded securities | $3,907,324 |
| Investments—other securities | $268,767 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,906,069 |
| Accounts payable and accrued expenses | $343,977 |
| Grants payable | $0 |
| Deferred revenue | $2,351,693 |
| Tax-exempt bond liabilities | $1,945,404 |
| 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 | $0 |
| Total liabilities | $4,641,074 |
| Net assets without donor restrictions | $13,846,334 |
| Net assets with donor restrictions | $418,661 |
| 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 | $18,906,069 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Highlands Day School Foundation has recieved totaling $91,534.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT + SPECIAL PROGRAMS | $39,334 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,200 |
Endowment Analysis
| Beg. Balance | $1,146,320 |
| Earnings | -$93,734 |
| Ending Balance | $1,052,586 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |
Jessie Ball Dupont Religious Charitable & Educational Fund Jacksonville, FL | $0 | $23,306,581 |
Avant Garde Academy Foundation Inc Hollywood, FL | $46,079,616 | $17,259,977 |
Florida State University Research Foundation Inc Tallahassee, FL | $238,210,385 | $28,107,542 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |