Civic Intelligence

Hoosac School

990 • Fiscal year 2022 • EIN 13-1687137

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 15, 2022

PO Box 8Hoosick, NY 12089

(518) 686-7331

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.34x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.31x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Net Margin

43rd percentile

5.1%

Higher net margin than 43% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

62nd percentile

$200,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

19%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$9,736,705

Up $1,366,863 (+16%) from 2021

Net Assets

Up

$6,474,423

Up $373,515 (+6.1%) from 2021

Liabilities

Up

$3,262,282

Up $993,348 (+44%) from 2021

Revenue

Up

$10,403,119

Up $1,694,879 (+19%) from 2021

Expenses

Up

$9,876,913

Up $1,318,653 (+15%) from 2021

Net Income

Up

$526,206

Up $376,226 (+251%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $5,359,058Liabilities 2011: $1,312,546Net Assets 2011: $4,046,5122011Assets 2012: $5,520,466Liabilities 2012: $1,368,366Net Assets 2012: $4,152,1002012Assets 2013: $5,520,805Liabilities 2013: $942,448Net Assets 2013: $4,578,3572013Assets 2014: $6,414,698Liabilities 2014: $1,625,748Net Assets 2014: $4,788,9502014Assets 2015: $6,676,434Liabilities 2015: $2,002,385Net Assets 2015: $4,674,0492015Assets 2016: $6,130,504Liabilities 2016: $1,513,311Net Assets 2016: $4,617,1932016Assets 2017: $5,862,855Liabilities 2017: $1,861,698Net Assets 2017: $4,001,1572017Assets 2018: $6,916,043Liabilities 2018: $2,514,728Net Assets 2018: $4,401,3152018Assets 2019: $7,995,419Liabilities 2019: $3,366,954Net Assets 2019: $4,628,4652019Assets 2020: $7,775,785Liabilities 2020: $2,209,049Net Assets 2020: $5,566,7362020Assets 2021: $8,369,842Liabilities 2021: $2,268,934Net Assets 2021: $6,100,9082021Assets 2022: $9,736,705Liabilities 2022: $3,262,282Net Assets 2022: $6,474,4232022Assets 2023: $13,800,102Liabilities 2023: $4,323,343Net Assets 2023: $9,476,7592023Assets 2024: $15,390,794Liabilities 2024: $4,533,137Net Assets 2024: $10,857,6572024Assets 2025: $14,271,488Liabilities 2025: $3,325,825Net Assets 2025: $10,945,6632025

Highlighted filing

2022

Assets$9,736,705
Liabilities$3,262,282
Net Assets$6,474,423

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,221,864Expenses 2011: $3,986,686Net Income 2011: $235,1782011Expenses 2012: $4,489,1392012Revenue 2013: $5,141,380Expenses 2013: $4,808,897Net Income 2013: $332,4832013Revenue 2014: $5,268,161Expenses 2014: $5,241,745Net Income 2014: $26,4162014Revenue 2015: $5,083,871Expenses 2015: $5,133,805Net Income 2015: -$49,9342015Revenue 2016: $5,964,003Expenses 2016: $6,010,204Net Income 2016: -$46,2012016Revenue 2017: $5,267,019Expenses 2017: $6,000,138Net Income 2017: -$733,1192017Revenue 2018: $6,755,203Expenses 2018: $6,461,259Net Income 2018: $293,9442018Revenue 2019: $7,990,644Expenses 2019: $7,893,454Net Income 2019: $97,1902019Revenue 2020: $9,663,730Expenses 2020: $8,759,258Net Income 2020: $904,4722020Revenue 2021: $8,708,240Expenses 2021: $8,558,260Net Income 2021: $149,9802021Revenue 2022: $10,403,119Expenses 2022: $9,876,913Net Income 2022: $526,2062022Revenue 2023: $13,355,753Expenses 2023: $10,497,588Net Income 2023: $2,858,1652023Revenue 2024: $12,519,092Expenses 2024: $11,332,349Net Income 2024: $1,186,7432024Revenue 2025: $12,869,745Expenses 2025: $12,905,079Net Income 2025: -$35,3342025

Highlighted filing

2022

Revenue$10,403,119
Expenses$9,876,913
Net Income$526,206
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$10,403,119
Mission and Program Overview

Mission

Founded in 1889 as a college preparatory boarding school, hoosac continues its committment to the core beliefs of the founder, dr. Edward dudley tibbits: to educate the whole student, academically, athletically, socially and spiritually, and that the school should remain of such size that every student would receive full care and attention.

Provide a quality, private, high school education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,469,893$4,940,766▲ $470,873
Investments in Publicly Traded Securities$3,185,725$3,570,930▲ $385,205
Cash and Non-Interest-Bearing Accounts$467,474$853,360▲ $385,886
Accounts Receivable$232,024$280,468▲ $48,444
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$8,369,842$9,736,705▲ $1,366,863
Other Assets Total$14,726$91,181▲ $76,455
Liabilities
Deferred Revenue$2,047,383$2,946,951▲ $899,568
Accounts Payable and Accrued Expenses$193,201$289,081▲ $95,880
Other Liabilities$28,350$26,250▼ $2,100
Total Liabilities$2,268,934$3,262,282▲ $993,348
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,543,091$5,183,439▼ $359,652
Net Assets With Donor Restrictions$557,817$1,290,984▲ $733,167
Total Net Assets Fund Balance$6,100,908$6,474,423▲ $373,515
Total Liabilities and Net Assets / Fund Balance$8,369,842$9,736,705▲ $1,366,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,855,169$4,669,954$9,525,123
Other Land Buildings$17,897$1,260,956$1,278,853
Equipment$50,826$312,635$363,461
Land$16,874-$16,874

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021-$717,650--$717,650
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dean FosterHead MasterFT$200,000$200,000
Kathryn WeaverBusiness ManagerFT$133,000$133,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,280,855
Program Service Revenue
$9,102,612
Investment Income
$19,652
Other Revenue
$0
All Other Contributions
$1,280,855
Change in Net Assets
$526,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,403,119
Total Revenue per Audited Statements
$10,403,119
Total Revenue per Form 990
$10,403,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,147,900
Other Expenses$3,071,336
Salaries, Compensation, and Employee Benefits$2,657,677
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,147,900--$4,147,900
Other Salaries and Wages$1,413,896$305,284-$1,719,180
Other Employee Benefits$269,402$126,138-$395,540
Fees for Services Other$13,517$370,949-$384,466
Current Officers, Directors, Trustees, and Key Employees-$333,000-$333,000
Depreciation Depletion-$305,222-$305,222
Insurance-$178,287-$178,287
Payroll Taxes$114,531$51,719-$166,250
Office Expenses-$82,481-$82,481
Advertising-$76,149-$76,149
Other Expenses$52,163$541,554-$52,163
All Other Expenses$23,845$27,468-$51,313
Fees for Services Legal-$49,529-$49,529
Pension Plan Contributions$30,110$13,597-$43,707
Occupancy-$42,188-$42,188
Travel-$32,112-$32,112
Fees for Services Accounting-$11,250-$11,250
Interest-$591-$591
Total Functional Expenses$7,329,395$2,547,518$0$9,876,913

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,876,913
Total Expenses per Audited Statements$9,876,913
Total Expenses per Form 990$9,876,913
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Damage Deposits Held$26,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is prepared by our independent auditors. The completed form is forwarded to administration who presents the completed form to the board of trustees for their review and approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board of trustees set the annual compensation for the headmaster in turn, with the board of trustee's approval,the headmaster sets the annual compensation of the staff.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

COPIES UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Hoosac School
EIN
13-1687137
Phone
5186867331
Address
PO BOX 8, HOOSICK, NY 12089

Signing Officer

Name
Dean Foster
Title
Headmaster
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ny
Voting Board Members
32
Independent Board Members
32
Employees
48

Preparer

Firm
Walquist & Renodin PC
Address
284 State St, Albany, NY 12210
Preparer
James Alund CPA
Phone
5184341269
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IRS990/Form990PartVIISectionAGrp/PersonNm8MELANIE HARNETT HOFFMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD MASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BUSINESS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4VC PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10OFFICER AT LARG
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12VC DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt14VC FOR FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt15VC MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27HON TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt30Trustee
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IRS990/MissionDesc0FOUNDED IN 1889 AS A COLLEGE PREPARATORY BOARDING SCHOOL, HOOSAC CONTINUES ITS COMMITTMENT TO THE CORE BELIEFS OF THE FOUNDER, DR. EDWARD DUDLEY TIBBITS: TO EDUCATE THE WHOLE STUDENT, ACADEMICALLY, ATHLETICALLY, SOCIALLY AND SPIRITUALLY, AND THAT THE SCHOOL SHOULD REMAIN OF SUCH SIZE THAT EVERY STUDENT WOULD RECEIVE FULL CARE AND ATTENTION.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.3$3.33$10.9$12.9$12.9$0.04
2024Detailed filing. Detailed filing data is available for this year.$15.4$4.53$10.9$12.5$11.3$1.19
2023Detailed filing. Detailed filing data is available for this year.$13.8$4.32$9.48$13.4$10.5$2.86
2022Detailed filing. Detailed filing data is available for this year.$9.74$3.26$6.47$10.4$9.88$0.53
2021Detailed filing. Detailed filing data is available for this year.$8.37$2.27$6.10$8.71$8.56$0.15
2020Detailed filing. Detailed filing data is available for this year.$7.78$2.21$5.57$9.66$8.76$0.90
2019Detailed filing. Detailed filing data is available for this year.$8.00$3.37$4.63$7.99$7.89$0.10
2018Detailed filing. Detailed filing data is available for this year.$6.92$2.51$4.40$6.76$6.46$0.29
2017Detailed filing. Detailed filing data is available for this year.$5.86$1.86$4.00$5.27$6.00$0.73
2016Detailed filing. Detailed filing data is available for this year.$6.13$1.51$4.62$5.96$6.01$0.05
2015Detailed filing. Detailed filing data is available for this year.$6.68$2.00$4.67$5.08$5.13$0.05
2014Detailed filing. Detailed filing data is available for this year.$6.41$1.63$4.79$5.27$5.24$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$0.94$4.58$5.14$4.81$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$1.37$4.15$4.49
2011Summary only. Only limited summary data is available for this year.$5.36$1.31$4.05$4.22$3.99$0.24