Civic Intelligence

Hillcrest Academy

990 • Fiscal year 2014 • EIN 95-3647842

Jul 01, 2013 to Jun 30, 2014 • Filed on May 13, 2015

Organization ProfileWWW.HILLCRESTACADEMYTEMECULA.COM
29275 Santiago Road92592

(951) 676-4754

Siviq Scores

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

Liabilities / Assets

96th percentile

1.45x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

2.37x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

25th percentile

-6.5%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

68th percentile

$95,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

30th percentile

-2.6%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,773,316

Down $73,191 (-2.6%) from 2013

Net Assets

Down

-$1,238,759

Down $104,846 (-9.2%) from 2013

Liabilities

Up

$4,012,075

Up $31,655 (+0.8%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin25th percentile

Revenue

$1,690,079

No earlier filing loaded for comparison.

Expenses

Down

$1,800,186

Down $140,375 (-7.2%) from 2013

Net Income

-$110,107

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $3,214,840Liabilities 2011: $3,816,691Net Assets 2011: -$601,8512011Assets 2012: $2,834,019Liabilities 2012: $3,864,094Net Assets 2012: -$1,030,0752012Assets 2013: $2,846,507Liabilities 2013: $3,980,420Net Assets 2013: -$1,133,9132013Assets 2014: $2,773,316Liabilities 2014: $4,012,075Net Assets 2014: -$1,238,7592014Assets 2015: $2,766,772Liabilities 2015: $4,251,208Net Assets 2015: -$1,484,4362015Assets 2016: $2,367,750Liabilities 2016: $4,387,936Net Assets 2016: -$2,020,1862016

Highlighted filing

2014

Assets$2,773,316
Liabilities$4,012,075
Net Assets-$1,238,759
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,277,3772011Expenses 2012: $1,995,4742012Expenses 2013: $1,940,5612013Revenue 2014: $1,690,079Expenses 2014: $1,800,186Net Income 2014: -$110,1072014Revenue 2015: $1,695,263Expenses 2015: $1,940,940Net Income 2015: -$245,6772015Revenue 2016: $1,279,171Expenses 2016: $1,814,922Net Income 2016: -$535,7512016

Highlighted filing

2014

Revenue$1,690,079
Expenses$1,800,186
Net Income-$110,107
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 13, 2015
Return Version
2013v4.0
Gross Receipts
$1,716,757
Mission and Program Overview

Mission

Preschool and elementary school (k-8)- approximately 250 students. Hillcrest academy's mission, in partnership with students and parents, is to pursue excellence of academics, character, and leadership, and to encourage each person to approach life with a sense of inquiry and purpose.

Preschool and elementary school (k-8). Provide education for approximately 250 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,248,226$2,162,290▼ $85,936
Cash and Non-Interest-Bearing Accounts$181,106$241,331▲ $60,225
Loans From Officers Directors$175,283$175,283→ $0
Savings and Temporary Cash Investments$171,093$171,108▲ $15
Intangible Assets$163,717$156,947▼ $6,770
Accounts Receivable$63,060$41,640▼ $21,420
Total Assets$2,846,507$2,773,316▼ $73,191
Other Assets Total$19,305$0▼ $19,305
Liabilities
Tax Exempt Bond Liabilities$3,481,885$3,676,475▲ $194,590
Unsecured Notes Loans Payable$87,255$78,658▼ $8,597
Other Liabilities$160,084$74,520▼ $85,564
Accounts Payable and Accrued Expenses$75,913$7,139▼ $68,774
Total Liabilities$3,980,420$4,012,075▲ $31,655
Net Assets / Fund Balance
Temporarily Rstr Net Assets$13,054$17,111▲ $4,057
Unrestricted Net Assets$-1,146,967$-1,255,870▼ $108,903
Total Net Assets Fund Balance$-1,133,913$-1,238,759▼ $104,846
Total Liabilities and Net Assets / Fund Balance$2,846,507$2,773,316▼ $73,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,954,326$1,399,021$3,353,347
Other Land Buildings$64,085$299,208$363,293
Leasehold Improvements$36,304$123,338$159,642
Land$97,720-$97,720
Equipment$9,855$79,998$89,853
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christopher LincolnHead of SchoolFT$95,000$95,000
Elle SablanAssistant Head of SchoolFT$61,800$61,800

Board Members and Trustees

NameTitle
Robert FurtadoChairman
Ajay SinhaTrustee
Christine DullTrustee
James BernetTrustee
Jane BarberTrustee
Jason StoneTrustee
Martine BerreitterTrustee
Michael BenderTrustee
Matthew GreenbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,587
Program Service Revenue
$1,629,165
Investment Income
$95
Other Revenue
$19,232
All Other Contributions
$41,587
Change in Net Assets
$-110,107

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,593,963
Revenue Not Reported on Financial Statements
$96,116
Revenue Not Reported on Form 990
$26,679
Other Revenue Adjustments
$96,116
Total Revenue per Audited Statements
$1,620,642
Total Revenue per Form 990
$1,690,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,043,790
Other Expenses$675,696
Grants and Similar Amounts Paid$80,700
Total Fundraising Expense$12,356
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$652,724$286,359$12,356$951,439
Interest$201,356--$201,356
Depreciation Depletion$132,149--$132,149
All Other Expenses$66,309$15,378-$81,687
Payroll Taxes$81,411--$81,411
Grants to Domestic Individuals$80,700--$80,700
Insurance$76,869--$76,869
Occupancy$48,047--$48,047
Office Expenses$20,740$9,937-$30,677
Fees for Services Accounting-$14,203-$14,203
Other Expenses$13,968--$13,968
Advertising$12,431--$12,431
Pension Plan Contributions$10,940--$10,940
Conferences and Meetings$6,965--$6,965
Fees for Services Other-$5,151-$5,151
Information Technology$3,594--$3,594
Total Functional Expenses$1,456,802$331,028$12,356$1,800,186

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,826,863
Expenses per Audited Statements$1,800,186
Total Expenses per Form 990$1,800,186
Expenses Not Reported on Form 990$26,677
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,910
Fundraising Direct Expenses$26,678
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$44,894$44,894$26,062$18,832
Event 2$1,016$1,016$617$399
Total Events$45,910$45,910$26,679$19,231
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
Loans from Officers, Directors, Trustees, and Key Employees$175,283$175,283→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$74,520

Bond Issues

BondIssuerIssuedIssue PricePurpose
A-2007-07-25$5,000,000Financing the acquisition, construction, improvement, etc. Of school.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,000,000-$1,760,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 11

“Organization's process to review form 990: the santa fe christian school's finance committee reviews form 990 on behalf of hillcrest academy. They were referred to hillcrest as a reviewer as they have a deep understanding of schools and the filing and disclosure requirements. There is no relationship between hillcrest and the sante fe christian school other than this arrangement. The form 990 is also sent to hillcrest's treasurer for review.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation: governing documents are currently made available to the public upon request.”

Filing and Contact Details

Filer

EIN
95-3647842
Phone
9516764754

Signing Officer

Name
Matt Greenberg
Title
Treasurer
Phone
9516764754
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Greenberg
Formed
1977
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
35
Volunteers
0

Preparer

Preparer
Donald Watson
Phone
9514454700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C.

“The process by which the organization's committee selects an independent accountant for oversight, review, and compilation of its financial statements has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“On july 1, 2009, the school adopted authoritative guidance issued by the fasb which clarifies the accounting for uncertainty in income taxes recognized in the school's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax positions for purposes of application of this guidance include the tax status of the school as an entity exempt from tax and also to what degree the school's activities give rise to unrelated business taxable income ("ubti"). This guidance also addresses de-recognition and measurement of a tax position taken or expected to be taken in a tax return. The adoption of this guidance did not have a material effect on the school. The school did not have unrecognized benefits as of june 30, 2013 or 2012 and does not expect this to change significantly over the next 12 months. The school will recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of june 30, 2013 and 2012, the school has not accrued interest or penalties related to uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event income 26,679.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Temporarily restricted contributions 535. Tuition grants 80,700. Restricted gala 14,881.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 26,677.”

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IRS990/OfficeExpensesGrp/ProgramServicesAmt020740
IRS990/OfficeExpensesGrp/TotalAmt030677
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019305
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CLEANING
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2INTERNATIONAL BACCALAUE
IRS990/OtherExpensesGrp/ProgramServicesAmt026400
IRS990/OtherExpensesGrp/ProgramServicesAmt122199
IRS990/OtherExpensesGrp/ProgramServicesAmt213968
IRS990/OtherExpensesGrp/TotalAmt026400
IRS990/OtherExpensesGrp/TotalAmt122199
IRS990/OtherExpensesGrp/TotalAmt213968
IRS990/OtherLiabilitiesGrp/BOYAmt0160084
IRS990/OtherLiabilitiesGrp/EOYAmt074520
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012356
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0286359
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0652724
IRS990/OtherSalariesAndWagesGrp/TotalAmt0951439
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt081411
IRS990/PayrollTaxesGrp/TotalAmt081411
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010940
IRS990/PensionPlanContributionsGrp/TotalAmt010940
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MATT GREENBERG
IRS990/PriorPeriodAdjustmentsAmt05261
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1624410
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1EXTENDED CARE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc3TESTING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01558992
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt153117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214356
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01558992
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32700
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016684
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0140462
IRS990/PYInvestmentIncomeAmt046
IRS990/PYOtherExpensesAmt0657676
IRS990/PYOtherRevenueAmt032376
IRS990/PYProgramServiceRevenueAmt01787617
IRS990/PYRevenuesLessExpensesAmt0-103838
IRS990/PYSalariesCompEmpBnftPaidAmt01142423
IRS990/PYTotalExpensesAmt01940561
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01836723
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-110107
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01629164
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0171093
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0171108
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/BookValueAmt01954326
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01399021
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03353347
IRS990ScheduleD/EquipmentGrp/BookValueAmt09855
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079998
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt089853
IRS990ScheduleD/ExpensesNotReportedAmt026677
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01800186
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt097720
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt097720
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt036304
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0123338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0159642
IRS990ScheduleD/OtherExpensesIncludedAmt026677
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064085
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0299208
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0363293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherRevenueAmt026679
IRS990ScheduleD/OtherRevenuesNotIncludedAmt096116
IRS990ScheduleD/RevenueNotReportedAmt026679
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt096116
IRS990ScheduleD/RevenueSubtotalAmt01593963
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ON JULY 1, 2009, THE SCHOOL ADOPTED AUTHORITATIVE GUIDANCE ISSUED BY THE FASB WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE SCHOOL'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX POSITIONS FOR PURPOSES OF APPLICATION OF THIS GUIDANCE INCLUDE THE TAX STATUS OF THE SCHOOL AS AN ENTITY EXEMPT FROM TAX AND ALSO TO WHAT DEGREE THE SCHOOL'S ACTIVITIES GIVE RISE TO UNRELATED BUSINESS TAXABLE INCOME ("UBTI"). THIS GUIDANCE ALSO ADDRESSES DE-RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE A MATERIAL EFFECT ON THE SCHOOL. THE SCHOOL DID NOT HAVE UNRECOGNIZED BENEFITS AS OF JUNE 30, 2013 OR 2012 AND DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. THE SCHOOL WILL RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF JUNE 30, 2013 AND 2012, THE SCHOOL HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT INCOME 26,679.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2TEMPORARILY RESTRICTED CONTRIBUTIONS 535. TUITION GRANTS 80,700. RESTRICTED GALA 14,881.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSES 26,677.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02162290
IRS990ScheduleD/TotalExpensesPerForm990Amt01800186
IRS990ScheduleD/TotalLiabilityAmt074520
IRS990ScheduleD/TotalRevenuePerForm990Amt01690079
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01620642
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01826863
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
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026679
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt044894
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt01016
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt045910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044894
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt01016
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045910
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt02013 GALA
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0FALL FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019231
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026679
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt026062
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0617
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt080700
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION REDUCTION.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt036
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WITH REGARDS TO TUITION ASSISTANCE FOR STUDENTS: FAMILIES APPLY FOR TUITION ASSISTANCE THROUGH NAIS (NATIONAL ASSOCIATION FOR INDEPENDENT SCHOOLS). HILLCREST RECEIVES A RECOMMENDATION FROM NAIS, BUT REVIEWS ALL THE CASES IN HOUSE AS WELL. FAMILIES ARE REQUIRED TO PROVIDE THEIR W-2 AND TAX RETURN (AS SUPPORT TO NAIS). RECORDS ARE KEPT ELECTRONICALLY AT NAIS. AS A RULE NEW INCOMING FAMILIES ARE NOT ELIGIBLE FOR FINANCIAL AID BUT IF NEEDED, IT IS KEPT AT A 10% MAXIMUM. HILLCREST TAKES UNDER CONSIDERATION HOW LONG THE FAMILY HAS BEEN AT THE SCHOOL AND HOW MANY YEARS THEY HAVE LEFT AT HILLCREST. ALSO TAKEN UNDER CONSIDERATION IS THE NUMBER OF CHILDREN THE FAMILY HAS AT HILLCREST AND CLASSROOM CAPICITY / AVAILABILITY. THE FINANCIAL AID COMMITTEE ULTIMATELY DECIDES HOW MUCH ASSISTANCE EACH FAMILY RECEIVES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,773,316
Liabilities
$4,012,075
Net assets
-$1,238,759
Revenue
$1,690,079
Expenses
$1,800,186
Net income
-$110,107
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$2.37$4.39$2.02$1.28$1.81$0.54
2015Detailed filing. Detailed filing data is available for this year.$2.77$4.25$1.48$1.70$1.94$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.77$4.01$1.24$1.69$1.80$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$3.98$1.13$1.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$3.86$1.03$2.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$3.82$0.60$2.28