Civic Intelligence

Spring Hill School Incorporated

990 • Fiscal year 2019 • EIN 03-0361934

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

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

89th percentile

0.42x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

0.60x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

38th percentile

-0.9%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

42nd percentile

-1.1%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

5.8%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$335,722

Down $3,838 (-1.1%) from 2018

Net Assets

Down

$194,469

Down $1,991 (-1.0%) from 2018

Liabilities

Down

$141,253

Down $1,847 (-1.3%) from 2018

Revenue

Up

$233,878

Up $12,789 (+5.8%) from 2018

Expenses

Down

$235,869

Down $757 (-0.3%) from 2018

Net Income

Up

-$1,991

Up $13,546 (+87%) from 2018

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

2019

Assets$335,722
Liabilities$141,253
Net Assets$194,469

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

2019

Revenue$233,878
Expenses$235,869
Net Income-$1,991
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.1
Gross Receipts
$237,859
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$288,380$279,450▼ $8,930
Cash and Non-Interest-Bearing Accounts$10,333$34,782▲ $24,449
Savings and Temporary Cash Investments$40,384$20,717▼ $19,667
Accounts Receivable$213$523▲ $310
Prepaid Expenses and Deferred Charges$250$250→ $0
Total Assets$339,560$335,722▼ $3,838
Liabilities
Mortgage Notes Payable Secured by Investment Property$111,497$109,858▼ $1,639
Accounts Payable and Accrued Expenses$23,403$24,320▲ $917
Deferred Revenue$8,200$7,075▼ $1,125
Total Liabilities$143,100$141,253▼ $1,847
Net Assets / Fund Balance
Unrestricted Net Assets$196,460$194,469▼ $1,991
Total Net Assets Fund Balance$196,460$194,469▼ $1,991
Total Liabilities and Net Assets / Fund Balance$339,560$335,722▼ $3,838

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$224,745$92,052$316,797
Other Land Buildings$26,105$79,134$105,239
Land$28,600-$28,600
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$59,806
Program Service Revenue
$152,591
Investment Income
$84
Other Revenue
$21,397
All Other Contributions
$2,619
Change in Net Assets
$-1,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$168,499
Other Expenses$67,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$98,454--$98,454
Current Officers, Directors, Trustees, and Key Employees$54,871--$54,871
Occupancy$15,538--$15,538
Depreciation Depletion$13,155--$13,155
Payroll Taxes$12,252--$12,252
Interest$6,626--$6,626
Fees for Services Accounting$4,475--$4,475
Insurance$4,218--$4,218
Conferences and Meetings$3,274--$3,274
Other Employee Benefits$2,922--$2,922
Other Expenses$1,509--$1,509
All Other Expenses$1,026--$1,026
Advertising$995--$995
Office Expenses$757--$757
Fees for Services Other$147--$147
Total Functional Expenses$235,869$0$0$235,869
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,813
Fundraising Direct Expenses$3,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bid & Boogie$23,011$23,011$3,475$19,536
Total Events$23,011$23,011$3,475$19,536
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 11B

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
Jill Rickard
Title
Treasurer
Phone
8024962139
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Rickard
Formed
1999
Legal Domicile
Vt
Voting Board Members
8
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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IRS990/MissionDesc0THE PURPOSE OF THE 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.
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0101
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0152591
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0133430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0132859
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0146912
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0158502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0724294
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0328
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt025378
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt023750
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt022723
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt020970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt022871
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0115692
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82760
IRS990ScheduleA/PublicSupportPY509Pct00.82430
IRS990ScheduleA/PublicSupportTotal509Amt0961805
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt021554
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt013263
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt023168
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt019253
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt07030
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt084268
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0212396
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0200625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0203292
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0190462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0239298
IRS990ScheduleA/Total509Grp/TotalAmt01046073
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0237858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0224428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0226062
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0211533
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0262212
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01162093
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/BookValueAmt0224745
IRS990ScheduleD/BuildingsGrp/DepreciationAmt092052
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0316797
IRS990ScheduleD/LandGrp/BookValueAmt028600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028600
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026105
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt079134
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0105239
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0279450
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03475
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BID & BOOGIE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023011
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023011
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023011
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023011
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019536
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03475
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03475
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0339560
IRS990/TotalAssetsEOYAmt0335722
IRS990/TotalAssetsGrp/BOYAmt0339560
IRS990/TotalAssetsGrp/EOYAmt0335722
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt059806
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0235869
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235869
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0143100
IRS990/TotalLiabilitiesEOYAmt0141253
IRS990/TotalLiabilitiesGrp/BOYAmt0143100
IRS990/TotalLiabilitiesGrp/EOYAmt0141253
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0196460
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0194469
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0235869
IRS990/TotalProgramServiceRevenueAmt0152591
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020832
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0153240
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233878
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0339560
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0335722
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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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