Civic Intelligence

Spring Hill School Incorporated

990 • Fiscal year 2024 • EIN 03-0361934

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

88th percentile

0.37x

Higher debt load relative to assets than 88% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

6.3%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

62nd percentile

9.3%

Faster asset growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

18%

Faster revenue growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$381,577

Up $32,555 (+9.3%) from 2023

Net Assets

Up

$239,752

Up $21,273 (+9.7%) from 2023

Liabilities

Up

$141,825

Up $11,282 (+8.6%) from 2023

Revenue

Up

$337,728

Up $50,539 (+18%) from 2023

Expenses

Up

$316,455

Up $26,930 (+9.3%) from 2023

Net Income

Up

$21,273

Up $23,609 (+1011%) from 2023

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

2024

Assets$381,577
Liabilities$141,825
Net Assets$239,752

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

2024

Revenue$337,728
Expenses$316,455
Net Income$21,273
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$344,752
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$238,791$228,370▼ $10,421
Savings and Temporary Cash Investments$54,198$134,544▲ $80,346
Cash and Non-Interest-Bearing Accounts$56,033$16,328▼ $39,705
Accounts Receivable-$170-
Total Assets$349,022$381,577▲ $32,555
Other Assets Total-$2,165-
Liabilities
Mortgage Notes Payable Secured by Investment Property$96,877$92,843▼ $4,034
Accounts Payable and Accrued Expenses$26,666$42,184▲ $15,518
Deferred Revenue$7,000$6,798▼ $202
Total Liabilities$130,543$141,825▲ $11,282
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$218,479$239,752▲ $21,273
Total Net Assets Fund Balance$218,479$239,752▲ $21,273
Total Liabilities and Net Assets / Fund Balance$349,022$381,577▲ $32,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$184,129$132,668$316,797
Other Land Buildings$15,641$96,774$112,415
Land$28,600-$28,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lise WexlerPresident
Eric GalloDirector
Laura BrinesDirector
Margo ArnebergDirector
Lynn NobelSecretary
Kathryn LittleTreasurer
Melissa Crossa-millerVice Present
Revenue and Support

Revenue Composition

Contributions and Grants
$48,921
Program Service Revenue
$244,701
Investment Income
$346
Other Revenue
$43,760
All Other Contributions
$23,535
Change in Net Assets
$21,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$231,053
Other Expenses$85,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,865--$110,865
Current Officers, Directors, Trustees, and Key Employees$97,900--$97,900
Occupancy$40,897--$40,897
Payroll Taxes$16,284--$16,284
Depreciation Depletion$10,422--$10,422
Fees for Services Accounting$7,417--$7,417
Insurance$4,873--$4,873
Interest$4,507--$4,507
Other Employee Benefits$3,129--$3,129
Pension Plan Contributions$2,875--$2,875
Conferences and Meetings$2,019--$2,019
All Other Expenses$1,712--$1,712
Other Expenses$1,550--$1,550
Fees for Services Other$1,250--$1,250
Office Expenses$812--$812
Total Functional Expenses$316,455$0$0$316,455
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,672
Fundraising Direct Expenses$7,024
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bid & Boogie$33,030$33,030$0$33,030
Total Events$33,030$33,030-$33,030
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 35% controlled entity
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
Kathryn Little
Title
Treasurer
Phone
8024962139
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Little
Formed
1999
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
0
Employees
8
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 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.
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0346
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0217
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0693
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0244701
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0194090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0194663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0135232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0137654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0906340
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0346
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0217
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0693
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt043760
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt031095
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt030828
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt014029
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt024375
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0144087
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86020
IRS990ScheduleA/PublicSupportPY509Pct00.84750
IRS990ScheduleA/PublicSupportTotal509Amt01231976
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt015680
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt013329
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt04973
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt021441
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt055423
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0293622
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0258201
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0252357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0279902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0203317
IRS990ScheduleA/Total509Grp/TotalAmt01287399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0337728
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0289513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0283240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0293970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0227728
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01432179
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/BookValueAmt0184129
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0132668
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0316797
IRS990ScheduleD/LandGrp/BookValueAmt028600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028600
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015641
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096774
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0112415
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0228370
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BID & BOOGIE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033030
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt033030
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt00
IRS990ScheduleG/IndividualWithBooksNm0KIRA HARRIS
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt063 SPRING HILL ROAD
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0WAITSFIELD
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0VT
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd005673
IRS990ScheduleG/SpecialFundraisingEventsInd0X
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0349022
IRS990/TotalAssetsEOYAmt0381577
IRS990/TotalAssetsGrp/BOYAmt0349022
IRS990/TotalAssetsGrp/EOYAmt0381577
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt048921
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0316455
IRS990/TotalFunctionalExpensesGrp/TotalAmt0316455
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0130543
IRS990/TotalLiabilitiesEOYAmt0141825
IRS990/TotalLiabilitiesGrp/BOYAmt0130543
IRS990/TotalLiabilitiesGrp/EOYAmt0141825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0218479
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0239752
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0316455
IRS990/TotalProgramServiceRevenueAmt0244701
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026648
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0262159
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0337728
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0349022
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0381577
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt063 SPRING HILL ROAD
IRS990/USAddress/CityNm0WAITSFIELD
IRS990/USAddress/StateAbbreviationCd0VT

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