Civic Intelligence

Spring Hill School Incorporated

990 • Fiscal year 2015 • EIN 03-0361934

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 27, 2016

63 Spring Hill RoadWaitsfield, VT 05673

(802) 496-2139

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.41x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

0.62x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

83rd percentile

45%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

23%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$392,181

Up $122,175 (+45%) from 2014

Net Assets

Up

$231,847

Up $31,067 (+15%) from 2014

Liabilities

Up

$160,334

Up $91,108 (+132%) from 2014

Revenue

Up

$258,444

Up $48,633 (+23%) from 2014

Expenses

Up

$227,377

Up $21,102 (+10%) from 2014

Net Income

Up

$31,067

Up $27,531 (+779%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $285,370Liabilities 2011: $45,774Net Assets 2011: $239,5962011Assets 2012: $266,087Liabilities 2012: $39,274Net Assets 2012: $226,8132012Assets 2013: $234,435Liabilities 2013: $37,191Net Assets 2013: $197,2442013Assets 2014: $270,006Liabilities 2014: $69,226Net Assets 2014: $200,7802014Assets 2015: $392,181Liabilities 2015: $160,334Net Assets 2015: $231,8472015Assets 2016: $378,003Liabilities 2016: $161,779Net Assets 2016: $216,2242016Assets 2017: $364,333Liabilities 2017: $152,336Net Assets 2017: $211,9972017Assets 2018: $339,560Liabilities 2018: $143,100Net Assets 2018: $196,4602018Assets 2019: $335,722Liabilities 2019: $141,253Net Assets 2019: $194,4692019Assets 2020: $355,262Liabilities 2020: $166,616Net Assets 2020: $188,6462020Assets 2021: $350,188Liabilities 2021: $130,118Net Assets 2021: $220,0702021Assets 2022: $356,663Liabilities 2022: $135,848Net Assets 2022: $220,8152022Assets 2023: $349,022Liabilities 2023: $130,543Net Assets 2023: $218,4792023Assets 2024: $381,577Liabilities 2024: $141,825Net Assets 2024: $239,7522024Assets 2025: $403,904Liabilities 2025: $119,537Net Assets 2025: $284,3672025

Highlighted filing

2015

Assets$392,181
Liabilities$160,334
Net Assets$231,847

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $208,704Expenses 2011: $208,140Net Income 2011: $5642011Revenue 2012: $179,834Expenses 2012: $192,617Net Income 2012: -$12,7832012Revenue 2013: $170,795Expenses 2013: $200,364Net Income 2013: -$29,5692013Revenue 2014: $209,811Expenses 2014: $206,275Net Income 2014: $3,5362014Revenue 2015: $258,444Expenses 2015: $227,377Net Income 2015: $31,0672015Revenue 2016: $208,408Expenses 2016: $224,031Net Income 2016: -$15,6232016Revenue 2017: $223,143Expenses 2017: $227,370Net Income 2017: -$4,2272017Revenue 2018: $221,089Expenses 2018: $236,626Net Income 2018: -$15,5372018Revenue 2019: $233,878Expenses 2019: $235,869Net Income 2019: -$1,9912019Revenue 2020: $224,650Expenses 2020: $230,473Net Income 2020: -$5,8232020Revenue 2021: $292,270Expenses 2021: $260,848Net Income 2021: $31,4222021Revenue 2022: $280,177Expenses 2022: $279,432Net Income 2022: $7452022Revenue 2023: $287,189Expenses 2023: $289,525Net Income 2023: -$2,3362023Revenue 2024: $337,728Expenses 2024: $316,455Net Income 2024: $21,2732024Revenue 2025: $381,691Expenses 2025: $337,076Net Income 2025: $44,6152025

Highlighted filing

2015

Revenue$258,444
Expenses$227,377
Net Income$31,067
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 27, 2016
Return Version
2014v6.0
Gross Receipts
$262,212
Mission and Program Overview

Mission

The purpose of spring hill school is to provide a high-quality early education program for the families of the mad river valley, which fosters the cognitive, social, emotional, physical and creative development of each child through meaningful relationships and rich experiences. Spring hill school is a licensed nonprofit school, which offers a morning preschool program and afternoon program of early care and education. Spring hill school currently serves 31 children ages 3-5.

High quality early education program fostering various development areas of each child

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$220,715$299,858▲ $79,143
Savings and Temporary Cash Investments$15,141$50,184▲ $35,043
Cash and Non-Interest-Bearing Accounts$29,544$39,156▲ $9,612
Prepaid Expenses and Deferred Charges$3,600$1,731▼ $1,869
Accounts Receivable$1,006$1,252▲ $246
Total Assets$270,006$392,181▲ $122,175
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,727$116,413▲ $92,686
Accounts Payable and Accrued Expenses$31,844$31,007▼ $837
Deferred Revenue$13,655$12,914▼ $741
Total Liabilities$69,226$160,334▲ $91,108
Net Assets / Fund Balance
Unrestricted Net Assets$200,780$231,847▲ $31,067
Total Net Assets Fund Balance$200,780$231,847▲ $31,067
Total Liabilities and Net Assets / Fund Balance$270,006$392,181▲ $122,175

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$249,532$59,585$309,117
Leasehold Improvements$20,725$42,441$63,166
Land$28,600-$28,600
Equipment$1,001$18,120$19,121
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah MerrillPresident
Christine SullivanVice President
Allison ReillyDirector
Katie BabicDirector
Madhurri Barefoot MavesDirector
Stephen SandsDirector
Spencer GodfreyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,796
Program Service Revenue
$158,502
Investment Income
$43
Other Revenue
$19,103
All Other Contributions
$1,310
Change in Net Assets
$31,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$157,778
Other Expenses$69,599
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,393--$93,393
Current Officers, Directors, Trustees, and Key Employees$48,986--$48,986
Occupancy$16,236--$16,236
Depreciation Depletion$12,490--$12,490
Payroll Taxes$11,851--$11,851
Interest$6,563--$6,563
Fees for Services Accounting$4,920--$4,920
All Other Expenses$4,161--$4,161
Insurance$3,774--$3,774
Other Employee Benefits$3,548--$3,548
Conferences and Meetings$1,896--$1,896
Office Expenses$1,503--$1,503
Other Expenses$1,480--$1,480
Total Functional Expenses$227,377$0$0$227,377
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,678
Fundraising Direct Expenses$3,768
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bid & Boogie$17,567$17,567$3,095$14,472
Various Others$1,111$1,111$673$438
Total Events$18,678$18,678$3,768$14,910
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The tax return will be reviewed by a member of the board before it is sent in for filing

Form 990, Part VI, Section C, Line 19

Governing documents are available and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Spring Hill School Inc
EIN
03-0361934
Phone
8024962139
Address
63 SPRING HILL ROAD, WAITSFIELD, VT 05673

Signing Officer

Name
Spencer Godfrey
Title
Treasurer
Phone
8024962139
Signed
2016-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Sullivan
Formed
1999
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Hall & Holden Pc
Address
PO BOX 1427, WAITSFIELD, VT 05673
Preparer
Michele a Eid CPA
Phone
8024963140
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0158502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0145146
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0131272
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0146435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0168783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0750138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06006
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04762
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016901
IRS990ScheduleA/InvestmentIncomeCYPct00.01610
IRS990ScheduleA/InvestmentIncomePYPct00.02220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt022871
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt023487
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt018285
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt018849
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt018549
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0102041
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.80030
IRS990ScheduleA/PublicSupportPY509Pct00.77910
IRS990ScheduleA/PublicSupportTotal509Amt0841750
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt07030
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt022442
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt010291
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt027200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt024130
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt091093
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0239298
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0186319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0162485
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0190018
IRS990ScheduleA/Total509Grp/TotalAmt0932843
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0262212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0209811
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0179014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0186096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0214652
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01051785
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0249532
IRS990ScheduleD/BuildingsGrp/DepreciationAmt059585
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0309117
IRS990ScheduleD/EquipmentGrp/BookValueAmt01001
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018120
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019121
IRS990ScheduleD/LandGrp/BookValueAmt028600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020725
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042441
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt063166
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0299858
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03768
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BID & BOOGIE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0VARIOUS OTHERS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017567
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt01111
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018678
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017567
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01111
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018678
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014910
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03768
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03095
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0673
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/IndividualWithBooksNm0ARDIS BEAUCHEMIN
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0SUGARBUSH ACCESS ROAD
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0WARREN
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0VT
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd005674
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WILL BE REVIEWED BY A MEMBER OF THE BOARD BEFORE IT IS SENT IN FOR FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0270006
IRS990/TotalAssetsEOYAmt0392181
IRS990/TotalAssetsGrp/BOYAmt0270006
IRS990/TotalAssetsGrp/EOYAmt0392181
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt080796
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227377
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227377
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069226
IRS990/TotalLiabilitiesEOYAmt0160334
IRS990/TotalLiabilitiesGrp/BOYAmt069226
IRS990/TotalLiabilitiesGrp/EOYAmt0160334
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0200780
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0231847
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0227377
IRS990/TotalProgramServiceRevenueAmt0158502
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt014910
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0162738
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0258444
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0270006
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0392181
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0200780
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0231847
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt063 SPRING HILL ROAD
IRS990/USAddress/CityNm0WAITSFIELD

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.04$1.20$2.84$3.82$3.37$0.45
2024Detailed filing. Detailed filing data is available for this year.$3.82$1.42$2.40$3.38$3.16$0.21
2023Detailed filing. Detailed filing data is available for this year.$3.49$1.31$2.18$2.87$2.90$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.57$1.36$2.21$2.80$2.79$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.50$1.30$2.20$2.92$2.61$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.55$1.67$1.89$2.25$2.30$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.36$1.41$1.94$2.34$2.36$0.02
2018Summary only. Only limited summary data is available for this year.$3.40$1.43$1.96$2.21$2.37$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.64$1.52$2.12$2.23$2.27$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.78$1.62$2.16$2.08$2.24$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.92$1.60$2.32$2.58$2.27$0.31
2014Detailed filing. Detailed filing data is available for this year.$2.70$0.69$2.01$2.10$2.06$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.37$1.97$1.71$2.00$0.30
2012Summary only. Only limited summary data is available for this year.$2.66$0.39$2.27$1.80$1.93$0.13
2011Summary only. Only limited summary data is available for this year.$2.85$0.46$2.40$2.09$2.08$0.01