Civic Intelligence

Heronfield Academy

990 • Fiscal year 2018 • EIN 20-2291270

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 09, 2018

Organization Profilewww.heronfield.org
356 Exeter RoadHampton Falls, NH 03844

(603) 772-9093

Siviq Scores

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

Liabilities / Assets

79th percentile

0.46x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.77x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$197,748

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

1.1%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-3.4%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$3,916,197

Up $43,273 (+1.1%) from 2017

Net Assets

Up

$2,097,751

Up $245,615 (+13%) from 2017

Liabilities

Down

$1,818,446

Down $202,342 (-10%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin66th percentile

Revenue

Down

$2,375,659

Down $84,246 (-3.4%) from 2017

Expenses

Up

$2,130,044

Up $179,022 (+9.2%) from 2017

Net Income

Down

$245,615

Down $263,268 (-52%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $628,313Liabilities 2011: $234,217Net Assets 2011: $394,0962011Assets 2012: $830,136Liabilities 2012: $355,717Net Assets 2012: $474,4192012Assets 2013: $884,144Liabilities 2013: $293,179Net Assets 2013: $590,9652013Assets 2014: $1,071,224Liabilities 2014: $387,414Net Assets 2014: $683,8102014Assets 2015: $3,031,798Liabilities 2015: $1,916,501Net Assets 2015: $1,115,2972015Assets 2016: $3,301,163Liabilities 2016: $1,957,910Net Assets 2016: $1,343,2532016Assets 2017: $3,872,924Liabilities 2017: $2,020,788Net Assets 2017: $1,852,1362017Assets 2018: $3,916,197Liabilities 2018: $1,818,446Net Assets 2018: $2,097,7512018Assets 2019: $4,009,170Liabilities 2019: $1,798,409Net Assets 2019: $2,210,7612019Assets 2020: $4,211,148Liabilities 2020: $1,961,770Net Assets 2020: $2,249,3782020Assets 2021: $4,518,755Liabilities 2021: $1,809,443Net Assets 2021: $2,709,3122021Assets 2022: $4,663,855Liabilities 2022: $1,648,425Net Assets 2022: $3,015,4302022Assets 2023: $4,878,768Liabilities 2023: $1,724,458Net Assets 2023: $3,154,3102023Assets 2024: $5,102,684Liabilities 2024: $1,602,862Net Assets 2024: $3,499,8222024Assets 2025: $5,187,887Liabilities 2025: $1,532,579Net Assets 2025: $3,655,3082025

Highlighted filing

2018

Assets$3,916,197
Liabilities$1,818,446
Net Assets$2,097,751
Open 2018 Filing

Operations Trend

Revenue Growth31st percentile

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

$3.0M$2.0M$1.0M$0Revenue 2011: $1,005,298Expenses 2011: $927,839Net Income 2011: $77,4592011Expenses 2012: $1,185,4712012Expenses 2013: $1,288,4662013Revenue 2014: $1,526,552Expenses 2014: $1,433,707Net Income 2014: $92,8452014Revenue 2015: $1,910,286Expenses 2015: $1,478,799Net Income 2015: $431,4872015Revenue 2016: $1,810,294Expenses 2016: $1,582,338Net Income 2016: $227,9562016Revenue 2017: $2,459,905Expenses 2017: $1,951,022Net Income 2017: $508,8832017Revenue 2018: $2,375,659Expenses 2018: $2,130,044Net Income 2018: $245,6152018Revenue 2019: $2,273,250Expenses 2019: $2,160,240Net Income 2019: $113,0102019Revenue 2020: $2,148,222Expenses 2020: $2,109,605Net Income 2020: $38,6172020Revenue 2021: $2,844,052Expenses 2021: $2,384,118Net Income 2021: $459,9342021Revenue 2022: $2,546,050Expenses 2022: $2,239,932Net Income 2022: $306,1182022Revenue 2023: $2,571,989Expenses 2023: $2,433,108Net Income 2023: $138,8812023Revenue 2024: $2,848,883Expenses 2024: $2,503,370Net Income 2024: $345,5132024Revenue 2025: $2,858,481Expenses 2025: $2,702,994Net Income 2025: $155,4872025

Highlighted filing

2018

Revenue$2,375,659
Expenses$2,130,044
Net Income$245,615
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$2,394,230
Mission and Program Overview

Mission

Heronfield academy provides an exceptional middle school experience that empowers students to reach their highest level of academic and personal achievement. We are commited to ensuring that every individual in our community is seen, heard, known, and valued.

An independent day school in the New Hampshire Seacoast serving grade 6, 7 and 8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,552,128$2,528,585▼ $23,543
Savings and Temporary Cash Investments$743,067$850,218▲ $107,151
Cash and Non-Interest-Bearing Accounts$524,891$454,260▼ $70,631
Pledges and Grants Receivable$29,100$57,300▲ $28,200
Prepaid Expenses and Deferred Charges$17,525$18,675▲ $1,150
Accounts Receivable$6,213$7,159▲ $946
Total Assets$3,872,924$3,916,197▲ $43,273
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,507,743$1,482,331▼ $25,412
Deferred Revenue$431,822$245,020▼ $186,802
Unsecured Notes Loans Payable$65,864$54,656▼ $11,208
Accounts Payable and Accrued Expenses$15,359$36,439▲ $21,080
Total Liabilities$2,020,788$1,818,446▼ $202,342
Net Assets / Fund Balance
Unrestricted Net Assets$1,247,666$1,368,390▲ $120,724
Temporarily Rstr Net Assets$604,470$729,361▲ $124,891
Total Net Assets Fund Balance$1,852,136$2,097,751▲ $245,615
Total Liabilities and Net Assets / Fund Balance$3,872,924$3,916,197▲ $43,273

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,489,539$136,961$1,626,500
Leasehold Improvements$546,135$170,890$717,025
Land$353,694-$353,694
Equipment$46,638$116,193$162,831
Other Land Buildings$92,579$11,406$103,985

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$604,470$124,891--$729,361
2016$274,017$365,308-$34,855$604,470
2015$155,330$118,687--$274,017
2014$131,500$439,992-$416,162$155,330
2013$155,331$2,000-$25,831$131,500
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martha Shepardson-KillamHead of SchoolFT$175,463$22,285$197,748

Board Members and Trustees

NameTitle
Peter AngerhoferChair
Lee LinenVice Chair
Alexander CostelloTrustee
Christina D BreenTrustee
Laura SchwartzTrustee
The Rev Daniel W MorrisseyTrustee
The Rev Deborah KnowltonTrustee
The Rev Timothy RichTrustee
Tim CoughlinTrustee
William MarellaTrustee
Kari SchmitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,808
Program Service Revenue
$2,061,550
Investment Income
$11,031
Other Revenue
$40,270
All Other Contributions
$230,608
Change in Net Assets
$245,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,109,359
Revenue Not Reported on Financial Statements
$266,300
Revenue Not Reported on Form 990
$18,571
Other Revenue Adjustments
$266,300
Total Revenue per Audited Statements
$2,127,930
Total Revenue per Form 990
$2,375,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,234,843
Other Expenses$628,901
Grants and Similar Amounts Paid$266,300
Total Fundraising Expense$69,853
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$776,574$77,640$40,888$895,102
Grants to Domestic Individuals$266,300--$266,300
Current Officers, Directors, Trustees, and Key Employees-$177,973$19,775$197,748
Occupancy$158,175$2,911-$161,086
Office Expenses$86,521$7$255$86,783
Interest$77,660$2,928-$80,588
Payroll Taxes$49,415$24,688$4,675$78,778
Depreciation Depletion$78,102--$78,102
Fees for Services Legal-$56,303-$56,303
Other Employee Benefits$40,792$7,270$3,594$51,656
Advertising$24,832--$24,832
Other Expenses$21,482$2,985-$21,482
Fees for Services Accounting-$20,367-$20,367
Insurance-$18,027-$18,027
Pension Plan Contributions$10,103$790$666$11,559
Conferences and Meetings$9,017--$9,017
Total Functional Expenses$1,668,302$391,889$69,853$2,130,044

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,130,044
Total Expenses per Audited Statements$1,882,315
Expenses per Audited Statements$1,863,744
Expenses Not Reported on Financial Statements$266,300
Other Expense Adjustments$266,300
Expenses Not Reported on Form 990$18,571
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,841
Fundraising Direct Expenses$18,571
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2018 Fiesta Farewell$91,041$58,841$4,013$54,828
Total Events$91,041$58,841$18,571$40,270
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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, Section B, line 11B

“The Form 990 was prepared by an outside independent accounting firm, is made available to the full Board, and is reviewed by the Finance Committee prior to being filed with the IRS.”

Form 990, Part VI, Section B, line 12C

“The Organization requires officers, directors, and key employees to sign written disclosure of conflicts of interest upon initial contact with the Organization as well as annually.”

Form 990, Part VI, Section B, line 15A

“The Head of School is evaluated in writing annually by the Board of Directors based on a set of goals determined at the beginning of the period. Compensation and annual increases are determined by investigating compensation at similar organizations. The Head of School is the only officer or key employee.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Heronfield Academy
EIN
20-2291270
Phone
6037729093
Address
356 Exeter Road, Hampton Falls, NH 03844

Signing Officer

Name
Peter Angerhofer
Title
Board Chair
Phone
6037729093
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Angerhofer
Formed
2003
Legal Domicile
Nh
Voting Board Members
11
Independent Board Members
11
Employees
25
Volunteers
18

Preparer

Firm
Baker Newman & Noyes LLC
Address
650 ELM STREET SUITE 302, MANCHESTER, NH 03101
Preparer
Nicholas E Porto
Phone
8002447444
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The audit process has not changed from the prior year.”

Financial Statement Notes

Part V, Line 4:

“Heronfield Academy's endowment funds are restricted for purposes of building a gym and supporting athletics and athletic fields.”

Part X, Line 2:

“Heronfield is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. As such, no tax provisions have been made in the accompanying financial statements. Heronfield has adopted provisions of the Financial Accounting Standards Board in Accounting Standards Codification (ASC) Topic 740-10. Heronfield's policy is to evaluate all tax positions on an annual basis in conjunction with the filing of the annual return of organization exempt from income tax. Interest and penalties assessed by income taxing authorities are included in administrative expense. For 2018 and 2017, there were no penalties or interest assessed or paid. Heronfield files informational returns in the U.S. federal and state jurisdictions.”

Part XI, Line 2D - Other Adjustments:

“Fundraising Event Expenses 18,571.”

Part XI, Line 4B - Other Adjustments:

“Student Financial Aid 266,300.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Event Expenses 18,571.”

Part XII, Line 4B - Other Adjustments:

“Student Financial Aid 266,300.”

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IRS990/Form990PartVIISectionAGrp/PersonNm4The Rev Daniel W Morrissey
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Head of School
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt032200
IRS990/FundraisingDirectExpensesAmt018571
IRS990/FundraisingGrossIncomeAmt058841
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0266300
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0266300
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0266300
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02394230
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt018027
IRS990/InsuranceGrp/TotalAmt018027
IRS990/InterestGrp/ManagementAndGeneralAmt02928
IRS990/InterestGrp/ProgramServicesAmt077660
IRS990/InterestGrp/TotalAmt080588
IRS990/InvestmentIncomeGrp/ExclusionAmt011031
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011031
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0435450
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02552128
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02528585
IRS990/LandBldgEquipCostOrOtherBssAmt02964035
IRS990/LegalDomicileStateCd0NH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Heronfield Academy is an independent day school in the New Hampshire Seacoast serving grade 6, 7 and 8. Informed by the Episcopal tradition, we are committed to the values of spiritual growth, respect for others, and appreciation of diversity. We work in alliance with our students' families to provide an innovative, nurturing, and caring environment that inspires in our students a passion for learning, academic excellence, creative exploration, physical challenge, and spiritual curiosity. We encourage our students to find the best in themselves and to make a connection with and serve their community.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01507743
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01482331
IRS990/NetAssetsOrFundBalancesBOYAmt01852136
IRS990/NetAssetsOrFundBalancesEOYAmt02097751
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt040270
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt040270
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt01011
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02911
IRS990/OccupancyGrp/ProgramServicesAmt0158175
IRS990/OccupancyGrp/TotalAmt0161086
IRS990/OfficeExpensesGrp/FundraisingAmt0255
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07
IRS990/OfficeExpensesGrp/ProgramServicesAmt086521
IRS990/OfficeExpensesGrp/TotalAmt086783
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03594
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07270
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040792
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051656
IRS990/OtherExpensesGrp/Desc0Programs and Outreach
IRS990/OtherExpensesGrp/Desc1Student Activities
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02985
IRS990/OtherExpensesGrp/ProgramServicesAmt069329
IRS990/OtherExpensesGrp/ProgramServicesAmt121482
IRS990/OtherExpensesGrp/TotalAmt072314
IRS990/OtherExpensesGrp/TotalAmt121482
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt040888
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt077640
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0776574
IRS990/OtherSalariesAndWagesGrp/TotalAmt0895102
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04675
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024688
IRS990/PayrollTaxesGrp/ProgramServicesAmt049415
IRS990/PayrollTaxesGrp/TotalAmt078778
IRS990/PensionPlanContributionsGrp/FundraisingAmt0666
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0790
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010103
IRS990/PensionPlanContributionsGrp/TotalAmt011559
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt029100
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt057300
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017525
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018675
IRS990/PrincipalOfficerNm0Peter Angerhofer
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and fees
IRS990/ProgramServiceRevenueGrp/Desc1Misc program revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02061200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02061200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1350
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0461734
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0284153
IRS990/PYInvestmentIncomeAmt0-13008
IRS990/PYOtherExpensesAmt0522096
IRS990/PYOtherRevenueAmt039005
IRS990/PYProgramServiceRevenueAmt01972174
IRS990/PYRevenuesLessExpensesAmt0508883
IRS990/PYSalariesCompEmpBnftPaidAmt01144773
IRS990/PYTotalExpensesAmt01951022
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02459905
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0245615
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02061550
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0743067
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0850218
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt01489539
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0136961
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01626500
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0604470
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0124891
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0729361
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0274017
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0365308
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0604470
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt034855
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0155330
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0118687
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0274017
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0131500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0439992
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0155330
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0416162
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0155331
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0131500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt025831
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt046638
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116193
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0162831
IRS990ScheduleD/ExpensesNotReportedAmt018571
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0266300
IRS990ScheduleD/ExpensesSubtotalAmt01863744
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0353694
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0353694
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0546135
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0170890
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0717025
IRS990ScheduleD/OtherExpensesIncludedAmt018571
IRS990ScheduleD/OtherExpensesNotIncludedAmt0266300
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt092579
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011406
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0103985
IRS990ScheduleD/OtherRevenueAmt018571
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0266300
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt018571
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0266300
IRS990ScheduleD/RevenueSubtotalAmt02109359
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Heronfield Academy's endowment funds are restricted for purposes of building a gym and supporting athletics and athletic fields.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Heronfield is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. As such, no tax provisions have been made in the accompanying financial statements. Heronfield has adopted provisions of the Financial Accounting Standards Board in Accounting Standards Codification (ASC) Topic 740-10. Heronfield's policy is to evaluate all tax positions on an annual basis in conjunction with the filing of the annual return of organization exempt from income tax. Interest and penalties assessed by income taxing authorities are included in administrative expense. For 2018 and 2017, there were no penalties or interest assessed or paid. Heronfield files informational returns in the U.S. federal and state jurisdictions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Event Expenses 18,571.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Student Financial Aid 266,300.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Fundraising Event Expenses 18,571.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5Student Financial Aid 266,300.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02528585
IRS990ScheduleD/TotalExpensesPerForm990Amt02130044
IRS990ScheduleD/TotalRevenuePerForm990Amt02375659
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02127930
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01882315
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,916,197
Liabilities
$1,818,446
Net assets
$2,097,751
Revenue
$2,375,659
Expenses
$2,130,044
Net income
$245,615
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.19$1.53$3.66$2.86$2.70$0.16
2024Detailed filing. Detailed filing data is available for this year.$5.10$1.60$3.50$2.85$2.50$0.35
2023Detailed filing. Detailed filing data is available for this year.$4.88$1.72$3.15$2.57$2.43$0.14
2022Detailed filing. Detailed filing data is available for this year.$4.66$1.65$3.02$2.55$2.24$0.31
2021Detailed filing. Detailed filing data is available for this year.$4.52$1.81$2.71$2.84$2.38$0.46
2020Detailed filing. Detailed filing data is available for this year.$4.21$1.96$2.25$2.15$2.11$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.01$1.80$2.21$2.27$2.16$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.92$1.82$2.10$2.38$2.13$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.87$2.02$1.85$2.46$1.95$0.51
2016Detailed filing. Detailed filing data is available for this year.$3.30$1.96$1.34$1.81$1.58$0.23
2015Detailed filing. Detailed filing data is available for this year.$3.03$1.92$1.12$1.91$1.48$0.43
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.39$0.68$1.53$1.43$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.29$0.59$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.36$0.47$1.19
2011Summary only. Only limited summary data is available for this year.$0.63$0.23$0.39$1.01$0.93$0.08