High Point Academy FY2022 filing

Tax-deductible

Pasadena, CA501(c)(3)Since 1965EducationEIN 23-7253533

High point academy awakens the joy of learning in each child. The school provides a nurturing environment that enables each student to flourish academically, emotionally, morally, physically, and socially. The challenging curriculum provides a traditional and balanced approach to ensure that students acquire tools for analytical thinking. With faculty and family support, students develop the ability to pursue and organize knowledge throughout a lifetime.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$693K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $917K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$693K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $43K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.5M
-7% vs prior year
Spent
$6.9M
To programs
71%
Net assets
$16.3M
By yearFY2020–FY2024
Revenue
$7.5M
FY2022▼ -7%
Revenue by fiscal year
FY2020$7.3M
FY2021$8.0M
FY2022$7.5M
FY2023$8.0M
FY2024$8.9M
FY2024$10.6M
Expenses
$6.9M
FY2022▼ -2%
Expenses by fiscal year
FY2020$6.4M
FY2021$7.1M
FY2022$6.9M
FY2023$7.1M
FY2024$7.6M
FY2024$9.1M
Net assets
$16.3M
FY2022▼ -3%
Net assets by fiscal year
FY2020$14.4M
FY2021$16.9M
FY2022$16.3M
FY2023$17.5M
FY2024$19.8M
FY2024$22.1M

From the FY2022 Form 990 (year ending July 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $4.9M Management & general 27% · $1.9M Fundraising 2% · $123K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

20 people listed on the 990; $693K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$167,330Pt VII · Sec A
Head of School (jun 21-Dec 21)
$155,708Pt VII · Sec A
Head of School (jan 22-Jun 22)
$145,839Pt VII · Sec A
Director of Curriculum & I
$114,309Pt VII · Sec A
Classroom Teacher
$109,572Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph Campanella’s $297K as Head of School is at the 64th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joseph Campanella$296,732$281,272————
Gary Stern————$276,788$265,104
Kristin Haines——$206,966$145,839$141,282$138,075
Debra Daniels$183,772$177,545$171,467$167,330$153,559$142,522
Kristin a Haines$164,468—————
Haines Kristin a—$160,226————
Timothy Burns———$155,708——
Joey Campanella——$133,613———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children from kindergarten through eighth grade.

Provided by the organization

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1 program service account for $4.9M of program spending, described in the organization's own filed words · FY2021.
01

High point academy provided quality education to approximately 335 children, grades kindergarten to eight. On average, 95-100% of the graduating class are accepted into freshman classes of outstanding independent (private) secondary schools primarily in the local area.

$4.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 6 grants · $1.4M · 2019–2024
Unitemized GrantFY2024$297,427
Unitemized GrantFY2023$229,953
Unitemized GrantFY2022$238,627
Unitemized GrantFY2021$243,636
Unitemized GrantFY2020$228,307
Unitemized GrantFY2019$154,665

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$6.6M
Gifts and grantsLn 1h$552K
Investment incomeLn 3$381K
Money outPt IX
$6.9M
Ln 25
Programscol B$4.9M
Managementcol C$1.9M
Fundraisingcol D$123K
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$17.3M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
20
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$552K
Fundraising eventsLn 1c$114K
Fees for servicesLn 2g$6.6M
Investment incomeLn 3$381K
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$10.0M
Land, buildings, equipmentLn 10c$5.8M
Total assetsLn 16$17.3M
LiabilitiesLn 26$1.0M
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 580
VolunteersI 650
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$986K$1.5M
InvestmentsLn 11–13$10.5M$10.0M
Land, buildings, equipmentLn 10c$5.9M$5.8M
Total assetsLn 16$17.5M$17.3M
LiabilitiesLn 26$648K$1.0M
Net assetsLn 32$16.9M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$244K$244K
Pay of current officers, directors and key staffLn 5$397K$397K
Other salaries and wagesLn 7$3.6M$2.9M$633K$86K
Pension plan contributionsLn 8$188K$150K$34K$4K
Other employee benefitsLn 9$404K$302K$93K$9K
Payroll taxesLn 10$294K$214K$74K$6K
Management feesLn 11a$124K$124K
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$27K$27K
Other fees for servicesLn 11g$495K$481K$14K$605
Advertising and promotionLn 12$34K$32K$1K
Office expensesLn 13$89K$16K$71K$3K
Information technologyLn 14$78K$48K$30K
OccupancyLn 16$293K$215K$73K$5K
Conferences, conventions and meetingsLn 19$52K$34K$18K$993
InterestLn 20$2K$1K$436$28
Depreciation, depletion and amortizationLn 22$434K$318K$108K$7K
InsuranceLn 23$99K$2K$97K
Total functional expensesLn 25$6.9M$4.9M$1.9M$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.9M$7.6M$1.3M$19.8M 990 PDF
FY2023 $8.0M$7.1M$933K$17.5M 990 PDF
FY2022 Viewing $7.5M$6.9M$560K$16.3M 990 PDF
FY2021 $8.0M$7.1M$982K$16.9M 990 PDF
FY2020 $7.3M$6.4M$829K$14.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $7,480,060 across 7 lines filed
VIII-1c Fundraising events$114,149
VIII-1f All other contributions, gifts and grants$437,843
VIII-1h Total contributions, gifts and grants$551,992
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,586,442$6,586,442
VIII-3 Investment incomeExcluded from tax $381,349$381,349
VIII-8 Net income from fundraising eventsExcluded from tax −$39,723−$39,723
VIII-12 Total revenueRelated to mission $6,586,442 · Unrelated business $0 · Excluded from tax $341,626$7,480,060
Part IX · Statement of functional expenses $6,919,768 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $243,636$243,636
IX-5 Pay of current officers, directors and key staffManagement $397,229$397,229
IX-7 Other salaries and wagesPrograms $2,896,867 · Management $633,302 · Fundraising $85,734$3,615,903
IX-8 Pension plan contributionsPrograms $149,713 · Management $33,613 · Fundraising $4,431$187,757
IX-9 Other employee benefitsPrograms $301,936 · Management $93,029 · Fundraising $8,936$403,901
IX-10 Payroll taxesPrograms $213,653 · Management $73,834 · Fundraising $6,323$293,810
IX-11a Management feesManagement $124,089$124,089
IX-11b Legal feesManagement $23,638$23,638
IX-11c Accounting feesManagement $26,565$26,565
IX-11f Investment management feesManagement $27,284$27,284
IX-11g Other fees for servicesPrograms $480,655 · Management $13,841 · Fundraising $605$495,101
IX-12 Advertising and promotionManagement $32,102 · Fundraising $1,415$33,517
IX-13 Office expensesPrograms $16,269 · Management $70,626 · Fundraising $2,560$89,455
IX-14 Information technologyPrograms $48,085 · Management $30,287$78,372
IX-16 OccupancyPrograms $215,025 · Management $73,250 · Fundraising $4,726$293,001
IX-19 Conferences, conventions and meetingsPrograms $33,557 · Management $17,761 · Fundraising $993$52,311
IX-20 InterestPrograms $1,278 · Management $436 · Fundraising $28$1,742
IX-22 Depreciation, depletion and amortizationPrograms $318,270 · Management $108,422 · Fundraising $6,995$433,687
IX-23 InsurancePrograms $1,770 · Management $97,000$98,770
IX-25 Total functional expensesPrograms $4,920,714 · Management $1,876,308 · Fundraising $122,746$6,919,768
Part X · Balance sheet $17,293,125 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $985,644$1,488,762
X-9 Prepaid expenses and deferred chargesStart of year $103,836$98,100
X-10c Land, buildings and equipment, netStart of year $5,932,176$5,753,278
X-11 Publicly traded securitiesStart of year $10,485,377$9,952,985
X-16 Total assetsStart of year $17,511,843$17,293,125
X-17 Accounts payable and accrued expensesStart of year $244,643$281,864
X-19 Deferred revenueStart of year $403,275$723,500
X-26 Total liabilitiesStart of year $647,918$1,005,364
X-27 Net assets without donor restrictionsStart of year $16,455,854$15,901,152
X-28 Net assets with donor restrictionsStart of year $408,071$386,609
X-32 Total net assets or fund balancesStart of year $16,863,925$16,287,761
X-33 Total liabilities and net assetsStart of year $17,511,843$17,293,125
Part XI · Reconciliation of net assets $16,287,761 net assets at year end
XI-1 Total revenue$7,480,060
XI-2 Total expenses$6,919,768
XI-3 Revenue less expenses$560,292
XI-4 Net assets at start of year$16,863,925
XI-5 Net unrealized gains (losses) on investments−$1,136,456
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,287,761

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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