Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Heartwood Grove School
990EZ • Fiscal year 2014 • EIN 45-5106765
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
2.52x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 45.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
85th percentile
Faster revenue growth than 85% of similar nonprofits.
Balance Sheet
Assets
Up$34,494
Up $1,814 (+5.6%) from 2013
Net Assets
-$52,467
No earlier filing loaded for comparison.
Liabilities
Up$86,961
Up $36,490 (+72%) from 2013
Revenue And Expenses
Revenue
Up$108,962
Up $35,208 (+48%) from 2013
Expenses
Up$144,994
Up $53,299 (+58%) from 2013
Net Income
Down-$36,032
Down $18,091 (-101%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- Jul 13, 2014
- Return Version
- 2013v3.0
- Gross Receipts
- $108,962
Mission and Program Overview
Mission
Elementary and middle school education using foreign language immersion.
We are a school providing elementary and middle school education in a French language immersion and arts-focused environment.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| We provided a full school year of elementary and middle school education to sixteen students in a French language and arts-focused environment. Our program caters both to full-time students and to home schooled students seeking high caliber language training. In 2014 our students performed in the top ranks on the National French Exam, including one student with the highest score nationally. | $0 | $127,222 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Laura Bice | Executive Director | FT | $20,000 | $29,000 | $49,000 |
| Violaine Michel | French Immersion Teacher | PT | $13,275 | - | $13,275 |
| Charles Bice | Treasurer | - | $0 | - | - |
| Birck Turnbull | Director | - | $0 | - | - |
| Frank de Venoge | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 45-5106765
- Phone
- 8044333561
Signing Officer
- Name
- Charles Bice
- Title
- Treasurer
- Phone
- 8045135560
- Signed
- 2014-07-13
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Other expenses were for course materials, teacher training, field trips, computer and telecoms, and insurance.”
Form 990-EZ, Part I, Line 20
“The school's net assets increased modestly as a result of student tuitions and activity fees.”
Form 990-EZ, Part II, Line 24
“Other assets include accounts receivable (student contract commitments) and the school's lease security deposit.”
Form 990-EZ, Part II, Line 26
“At year end school had minimal liabilities for credit cards, paid off monthly, and accounts payable, also paid off when due. The majority liability ($85,023) represents salary deferred by the Executive Director until the school shall reach a solid financial footing.”
Raw XML Appendix174 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Charles Bice |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8045135560 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | PO Box 17644 |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | Richmond |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 23226 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 22285 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 18729 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1500 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -36032 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 8136 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 32680 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 34494 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 108962 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -17791 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -52467 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -17791 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -52467 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 12853 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 60 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 15 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 20000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 13275 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 29000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Laura Bice |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Violaine Michel |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Charles Bice |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Birck Turnbull |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Frank de Venoge |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Executive Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | French Immersion Teacher |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 10395 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 15765 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 1356 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 9385 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | We are a school providing elementary and middle school education in a French language immersion and arts-focused environment. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 7237 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 107462 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | We provided a full school year of elementary and middle school education to sixteen students in a French language and arts-focused environment. Our program caters both to full-time students and to home schooled students seeking high caliber language training. In 2014 our students performed in the top ranks on the National French Exam, including one student with the highest score nationally. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 127222 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 107383 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 1 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 50471 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 86961 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 144994 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 127222 |
| IRS990EZ/TotalRevenueAmt | 0 | 108962 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.heartwoodgrove.com |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The school's website, brochures and newspaper recruiting ads all include a statement of our non-discriminatory policy. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Other expenses were for course materials, teacher training, field trips, computer and telecoms, and insurance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The school's net assets increased modestly as a result of student tuitions and activity fees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Other assets include accounts receivable (student contract commitments) and the school's lease security deposit. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | At year end school had minimal liabilities for credit cards, paid off monthly, and accounts payable, also paid off when due. The majority liability ($85,023) represents salary deferred by the Executive Director until the school shall reach a solid financial footing. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Charles Bice |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8045135560 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-07-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | Heartwood Grove School |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | HEAR |
| ReturnHeader/Filer/EIN | 0 | 455106765 |
| ReturnHeader/Filer/PhoneNum | 0 | 8044333561 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO Box 17644 |
| ReturnHeader/Filer/USAddress/City | 0 | Richmond |
| ReturnHeader/Filer/USAddress/State | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 23226 |
| ReturnHeader/ReturnTs | 0 | 2014-07-13T12:32:19-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-06-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $34,494
- Liabilities
- $86,961
- Net assets
- -$52,467
- Revenue
- $108,962
- Expenses
- $144,994
- Net income
- -$36,032