Civic Intelligence

Fairhill School

990 • Fiscal year 2022 • EIN 75-1406064

Sep 01, 2021 to Aug 31, 2022 • Filed on Dec 14, 2022

Organization ProfileWWW.FAIRHILL.ORG

View Organization Page

16150 Preston RoadDallas, TX 75248-3558

(972) 233-1026

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.12x

Higher debt load relative to assets than 43% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.37x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

57th percentile

9.8%

Higher net margin than 57% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$111,491

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

59th percentile

3.7%

Faster asset growth than 59% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-6.2%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$11,350,083

Up $401,666 (+3.7%) from 2021

Net Assets

Up

$9,966,588

Up $369,934 (+3.9%) from 2021

Liabilities

Up

$1,383,495

Up $31,732 (+2.3%) from 2021

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin57th percentile

Revenue

Down

$3,768,973

Down $250,834 (-6.2%) from 2021

Expenses

Up

$3,399,039

Up $128,443 (+3.9%) from 2021

Net Income

Down

$369,934

Down $379,277 (-51%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$15M$10M$5.0M$0Assets 2013: $11,195,279Liabilities 2013: $2,695,875Net Assets 2013: $8,499,4042013Assets 2014: $11,418,102Liabilities 2014: $2,716,449Net Assets 2014: $8,701,6532014Assets 2016: $11,369,955Liabilities 2016: $2,490,090Net Assets 2016: $8,879,8652016Assets 2017: $11,032,316Liabilities 2017: $2,201,639Net Assets 2017: $8,830,6772017Assets 2018: $10,982,375Liabilities 2018: $2,237,800Net Assets 2018: $8,744,5752018Assets 2019: $11,030,805Liabilities 2019: $1,979,674Net Assets 2019: $9,051,1312019Assets 2020: $10,227,962Liabilities 2020: $1,380,520Net Assets 2020: $8,847,4422020Assets 2021: $10,948,417Liabilities 2021: $1,351,763Net Assets 2021: $9,596,6542021Assets 2022: $11,350,083Liabilities 2022: $1,383,495Net Assets 2022: $9,966,5882022

Highlighted filing

2022

Assets$11,350,083
Liabilities$1,383,495
Net Assets$9,966,588
Open 2022 Filing

Operations Trend

Revenue Growth31st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $3,504,8822013Revenue 2014: $3,815,922Expenses 2014: $3,613,673Net Income 2014: $202,2492014Revenue 2016: $3,719,091Expenses 2016: $3,853,044Net Income 2016: -$133,9532016Revenue 2017: $3,836,196Expenses 2017: $3,885,384Net Income 2017: -$49,1882017Revenue 2018: $3,675,927Expenses 2018: $3,762,029Net Income 2018: -$86,1022018Revenue 2019: $3,979,895Expenses 2019: $3,673,339Net Income 2019: $306,5562019Revenue 2020: $3,256,243Expenses 2020: $3,459,933Net Income 2020: -$203,6902020Revenue 2021: $4,019,807Expenses 2021: $3,270,596Net Income 2021: $749,2112021Revenue 2022: $3,768,973Expenses 2022: $3,399,039Net Income 2022: $369,9342022

Highlighted filing

2022

Revenue$3,768,973
Expenses$3,399,039
Net Income$369,934
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Dec 14, 2022
Return Version
2021v4.2
Gross Receipts
$4,418,586
Mission and Program Overview

Mission

Fairhill is a private, non-profit college preparatory school serving students in grades one through twelve. Fairhill's primary purpose is to provide a superior education for students of average and above intelligence who have been diagnosed with a learning difference such as dyslexia, dysgraphia, dyscalculia, auditory processing disorder or attention deficit/hyperactivity disorder.

To educate students grades 1 through 12 with learning differences

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,673,199$5,941,659▲ $268,460
Cash and Non-Interest-Bearing Accounts$3,008,783$3,277,290▲ $268,507
Land, Buildings, and Equipment, Net$1,297,680$1,176,264▼ $121,416
Savings and Temporary Cash Investments$968,755$954,870▼ $13,885
Total Assets$10,948,417$11,350,083▲ $401,666
Liabilities
Deferred Revenue$1,351,763$1,383,495▲ $31,732
Total Liabilities$1,351,763$1,383,495▲ $31,732
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,596,654$9,966,588▲ $369,934
Total Net Assets Fund Balance$9,596,654$9,966,588▲ $369,934
Total Liabilities and Net Assets / Fund Balance$10,948,417$11,350,083▲ $401,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$785,243$3,577,150$4,362,393
Equipment$0$2,177,600$2,177,600
Land$391,021-$391,021

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$6,641,954-▲ $516,473$107,151$6,896,529
2021$6,408,485-▲ $463,711$70,000$6,641,954
2020$6,347,338-▲ $313,926$125,819$6,408,485
2019$5,860,937$125▲ $610,296-$6,347,338
2018$5,592,269$157,000▲ $291,745-$5,860,937
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carla StanfordExecutive DirectorFT$111,491$111,491

Board Members and Trustees

NameTitle
John DziminskiChairman
Leslie Zale GrecoVice Chairman
Jane SegoBoard Member
Lisa WhislerBoard Member
Neil LangeBoard Member
Elizabeth PhiferSecretary
Cindy RickerbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,014,479
Program Service Revenue
$2,130,150
Investment Income
$552,568
Other Revenue
$71,776
All Other Contributions
$1,014,479
Change in Net Assets
$369,934

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,614,226
Revenue Not Reported on Financial Statements
$154,747
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$120,600
Total Revenue per Audited Statements
$3,614,226
Total Revenue per Form 990
$3,768,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,374,431
Other Expenses$904,008
Grants and Similar Amounts Paid$120,600
Total Fundraising Expense$61,016
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,726,651$316,751$41,282$2,084,684
Payroll Taxes$129,210$39,157$3,158$171,525
Depreciation Depletion$126,228$1,972$680$128,880
Grants to Domestic Individuals$120,600--$120,600
Current Officers, Directors, Trustees, and Key Employees-$111,491-$111,491
Occupancy$82,929$1,295$447$84,671
Insurance$75,491$1,179$407$77,077
Advertising-$46,851-$46,851
Information Technology$42,832$669$231$43,732
Fees for Services Other-$38,734-$38,734
Fees for Service Investment Mgmnt Fees-$34,147-$34,147
Fees for Services Accounting-$18,017-$18,017
Office Expenses$4,274$9,929$23$14,226
Other Expenses$29,036$454$13,225$13,225
Other Employee Benefits$6,592$103$36$6,731
Fees for Services Legal-$4,100-$4,100
Total Functional Expenses$2,709,204$628,819$61,016$3,399,039

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,399,039
Expenses per Audited Statements$3,244,292
Total Expenses per Audited Statements$3,244,292
Expenses Not Reported on Financial Statements$154,747
Other Expense Adjustments$120,600
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,280
Fundraising Direct Expenses$42,504
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pto Revenue$114,280$114,280$42,504$71,776
Total Events$114,280$114,280$42,504$71,776
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
No
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
No
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 business manager reviews a draft of the return prepared by an outside accounting firm. The business manager then presents the return to the board of directors for approval.”

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

“The business manager and director of the school regularly review policies.”

Form 990, Part VI, Section C, Line 19

“These policies are maintained in the school's employee handbook, which is available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fairhill School
EIN
75-1406064
Phone
9722331026
Address
16150 PRESTON ROAD, DALLAS, TX 75248-3558

Signing Officer

Name
Carla Stanford
Title
Exec. Director
Phone
9722331026
Signed
2022-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carla Stanford
Formed
1971
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
57
Volunteers
15

Preparer

Firm
Bland Garvey Pc
Address
2600 N CENTRAL EXPY 550, RICHARDSON, TX 75080-2007
Preparer
Laura Zerger
Phone
9722312503
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“MODIFIED”

Financial Statement Notes

PART V, LINE 4:

“The income generated by organization's endowment funds is intended to be used for scholarships and capital improvements to the campus.”

PART X, LINE 2:

“The school is a not-for-profit organization exempt from federal income taxes under internal revenue code section 501(c)(3). Accordingly, no provision for federal income taxes has been made. The school files the required annual federal informational return for tax-exempt organizations. Fairhill has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. The school may be subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to august 31, 2019.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Tuition grossed up for grants 120,600.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Grants allocated from tuition 120,600.”

Raw XML AppendixShowing 400 of 495 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.

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IRS990/MissionDesc0FAIRHILL IS A PRIVATE, NON-PROFIT COLLEGE PREPARATORY SCHOOL SERVING STUDENTS IN GRADES ONE THROUGH TWELVE. FAIRHILL'S PRIMARY PURPOSE IS TO PROVIDE A SUPERIOR EDUCATION FOR STUDENTS OF AVERAGE AND ABOVE INTELLIGENCE WHO HAVE BEEN DIAGNOSED WITH A LEARNING DIFFERENCE SUCH AS DYSLEXIA, DYSGRAPHIA, DYSCALCULIA, AUDITORY PROCESSING DISORDER OR ATTENTION DEFICIT/HYPERACTIVITY DISORDER.
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IRS990/OccupancyGrp/TotalAmt084671
IRS990/OfficeExpensesGrp/FundraisingAmt023
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09929
IRS990/OfficeExpensesGrp/ProgramServicesAmt04274
IRS990/OfficeExpensesGrp/TotalAmt014226
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt036
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0103
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06592
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06731
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SCHOOL SUPPLIES & EXPEN
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3DEVELOPMENT/PR
IRS990/OtherExpensesGrp/FundraisingAmt01307
IRS990/OtherExpensesGrp/FundraisingAmt163
IRS990/OtherExpensesGrp/FundraisingAmt2157
IRS990/OtherExpensesGrp/FundraisingAmt313225
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03789
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1181
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2454
IRS990/OtherExpensesGrp/ProgramServicesAmt0242532
IRS990/OtherExpensesGrp/ProgramServicesAmt1122829
IRS990/OtherExpensesGrp/ProgramServicesAmt229036
IRS990/OtherExpensesGrp/TotalAmt0247628
IRS990/OtherExpensesGrp/TotalAmt1123073
IRS990/OtherExpensesGrp/TotalAmt229647
IRS990/OtherExpensesGrp/TotalAmt313225
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt041282
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0316751
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01726651
IRS990/OtherSalariesAndWagesGrp/TotalAmt02084684
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03158
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039157
IRS990/PayrollTaxesGrp/ProgramServicesAmt0129210
IRS990/PayrollTaxesGrp/TotalAmt0171525
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CARLA STANFORD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02130150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02130150
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01355328
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0125800
IRS990/PYInvestmentIncomeAmt0467322
IRS990/PYOtherExpensesAmt0795523
IRS990/PYOtherRevenueAmt033797
IRS990/PYProgramServiceRevenueAmt02163360
IRS990/PYRevenuesLessExpensesAmt0749221
IRS990/PYSalariesCompEmpBnftPaidAmt02349263
IRS990/PYTotalExpensesAmt03270586
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04019807
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0369934
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02130150
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0968755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0954870
IRS990ScheduleA/SchoolInd0X
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/BookValueAmt0785243
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03577150
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04362393
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt034147
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06641954
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06896529
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0120600
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0516473
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0107151
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt034442
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06408485
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06641954
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0125800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0463711
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt070000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt026560
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06347338
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06408485
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0100400
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0313926
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0125819
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt024020
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05860937
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0125
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06347338
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0100000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0610296
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt023077
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05592269
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0157000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05860937
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0157000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0291745
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02177600
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02177600
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0154747
IRS990ScheduleD/ExpensesSubtotalAmt03244292
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt034147
IRS990ScheduleD/InvestmentExpensesNotIncldAmt034147
IRS990ScheduleD/LandGrp/BookValueAmt0391021
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0391021
IRS990ScheduleD/OtherExpensesNotIncludedAmt0120600
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0120600
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0154747
IRS990ScheduleD/RevenueSubtotalAmt03614226
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME GENERATED BY ORGANIZATION'S ENDOWMENT FUNDS IS INTENDED TO BE USED FOR SCHOLARSHIPS AND CAPITAL IMPROVEMENTS TO THE CAMPUS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. THE SCHOOL FILES THE REQUIRED ANNUAL FEDERAL INFORMATIONAL RETURN FOR TAX-EXEMPT ORGANIZATIONS. FAIRHILL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE SCHOOL MAY BE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO AUGUST 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TUITION GROSSED UP FOR GRANTS 120,600.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3GRANTS ALLOCATED FROM TUITION 120,600.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01176264
IRS990ScheduleD/TotalExpensesPerForm990Amt03399039
IRS990ScheduleD/TotalRevenuePerForm990Amt03768973
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03614226
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03244292
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL BROCHURES GIVEN TO THOSE INQUIRING ABOUT THE SCHOOL HAVE A STATEMENT OF THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY. ALSO, ADS ARE RUN ANNUALLY IN LOCAL NEWSPAPERS STATING THEIR RACIALLY NONDISCRIMINATORY PRACTICE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042504
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PTO REVENUE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0114280
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0114280
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0114280
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0114280
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt071776
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt042504
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt042504
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0120600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO STUDENTS GRADES 1-12
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL USES AN OUTSIDE SERVICE TO PROCESS GRANT APPLICATIONS. A SCHOOL COMMITTEE MAKES THE FINAL DECISION FOR AWARDS.

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,350,083
Liabilities
$1,383,495
Net assets
$9,966,588
Revenue
$3,768,973
Expenses
$3,399,039
Net income
$369,934
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$11.4$1.38$9.97$3.77$3.40$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$1.35$9.60$4.02$3.27$0.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$1.38$8.85$3.26$3.46$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$1.98$9.05$3.98$3.67$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$2.24$8.74$3.68$3.76$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$2.20$8.83$3.84$3.89$0.05
2016Detailed filing. Detailed filing data is available for this year.$11.4$2.49$8.88$3.72$3.85$0.13
2014Detailed filing. Detailed filing data is available for this year.$11.4$2.72$8.70$3.82$3.61$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$2.70$8.50$3.50