Hillside Academy EIN 27-4467507 Form 990 (PDF) Claim this org

Hillside Academy FY2024 filing

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Educates children from preschool through eighth grade. For fiscal year 2024 it reported $893K in revenue, $989K in expenses, and $679K in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Education
Location
Duvall, WA
Website
hillsideacademyduvall.com
Filings
4 on file (2021–2024)
Revenue
$893KFY2024
Expenses
$989K
Net assets
$679K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  27-4467507 Public charity (501(c)(3)) Duvall, WA Founded 2010
Form 990 (PDF)
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Size
$1–10M
What they do
Educates children from preschool through eighth grade.
Leadership
Suzanne Siko · Director · $76K
Money in and out
$893K revenue, $989K expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$893K
Pt VIII · Ln 12
Total expenses
$989K
Pt IX · Ln 25
Net assets
$679K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$96K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program efficiency
81%
of spending reaches programs
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$893K
FY2024▼ -33%
Expenses
$989K
FY2024▼ -26%
Total assets
$687K
FY2024▼ -13%
Total liabilities
$9K
FY2024▼ -54%
Total revenue
$893K
Pt VIII · Ln 12
Total expenses
$989K
Pt IX · Ln 25
Net assets
$679K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$96K
Total assetsPt X · Ln 16$687K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHillside Academy
EINHdr · item D27-4467507
Principal addressHdr · item CDuvall, WA
WebsiteHdr · item Jhillsideacademyduvall.com
Year of formationHdr · item L2010
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFNov 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$76,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sheri Martin’s $75K as Director is at the 16th percentile of top reported officer pay among 3392 $1–10M 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Suzanne Siko$76,250
Sheri Martin$75,000
Cynthia Griffin$68,100$64,315
Suzanne Siko$67,739$43,138

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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Mission & Programs · Part III

Where the work happens

1 program service account for $798K of program spending, described in the organization's own filed words · FY2023.
01

To provide primary education to preschool through 8TH grade

$798Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$757K · 85%
Contributions & grants$134K · 15%
Program service revenue85%$757K
Contributions & grants15%$134K
Other revenue$3K
— government grantsLn 1e$14K
Total revenueLn 12$893K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program services81%$798K
Management & general18%$178K
Fundraising1%$13K
Total functional expensesLn 25$989K

Balance Sheet

Part X · end of year
CashLn 1$683K
Total assetsLn 16$687K
Total liabilitiesLn 26$9K
Total net assetsLn 32$679K
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $683K · Operating expenses/yr $989K
8.3 months
Where the money goes
Program services
Program services $798K · Total expenses $989K
81%
Management & General
Management & general $178K · Total expenses $989K
18%
Fundraising
Fundraising $13K · Total expenses $989K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $90K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $134K · Total revenue $893K
15%
Government reliance
Government grants $14K · Total revenue $893K
2%
Earned-income share
Program service revenue $757K · Total revenue $893K
85%
Investment reliance
Investment income $0 · Total revenue $893K
0%
Program self-sufficiency
Program service revenue $757K · Total expenses $989K
77%
Growth & trend
Revenue growth (YoY)
This year $893K · Prior year $1.3M
-33%
Net-asset trend (YoY)
End of year $679K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $893K · Expenses $989K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $687K
Net-asset ratio
Net assets $679K · Total assets $687K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $687K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Suzanne Siko · Reported title DIRECTOR · Highest reported compensation $76K · Total expenses $989K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $626K · Total expenses $989K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 18%
Fundraising cost ratio 9%
Revenue growth -33%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$893K revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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