Thomas Hart Academy FY2023 filing

Tax-deductible

Hartsville, SC501(c)(3)Since 1970EducationEIN 57-0523709Revenue $1.4M in FY2023

On file with the IRSthomashart.org852 Flinns Rd, 29550-7160 · Hartsville, SCTax-exempt since Dec 2014School — 170(b)(1)(A)(ii)

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Educational services for grades k3-8

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $62K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$564K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-0.5% vs prior year
Spent
$1.2M
To programs
85%
Net assets
$1000K
By yearFY2021–FY2025
Revenue
$1.4M
FY2023-0.5%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.4M
FY2023$1.4M
FY2024$1.0M
FY2025$1.4M
Expenses
$1.2M
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$1.4M
Net assets
$1000K
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2021$585K
FY2022$838K
FY2023$1000K
FY2024$810K
FY2025$817K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked Nov 2012, reinstated. IRS ruling Dec 2014, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Dec 2014.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.0M Management & general 15% · $176K

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Thomas Hart Academy executive salaries →

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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

Provides educational services for students in kindergarten through eighth grade.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2022
01

Established in 1970, thomas hart academy is an independent, co-educational non-discriminatory day school enrolling approximately 140 students in grades 3k through 8.

$1.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$813K
Gifts and grantsLn 1h$503K
Other incomeLn 4–11$53K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$176K
Owns and owesPt X
$1000K
net assets · Ln 32
Cash and savingsLn 1–2$664K
Total assetsLn 16$1.6M
LiabilitiesLn 26$564K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$503K
Government grantsLn 1e$170K
Fees for servicesLn 2g$813K
Other incomeLn 4–11$53K
Gains on assetsLn 7−$2K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$664K
Cash and savings togetherLn 1–2$664K
Land, buildings, equipmentLn 10c$676K
Total assetsLn 16$1.6M
LiabilitiesLn 26$564K
Net assetsLn 32$1000K
OperationsPt I, VI
EmployeesI 546
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$619K$664K
Land, buildings, equipmentLn 10c$534K$676K
Total assetsLn 16$1.2M$1.6M
LiabilitiesLn 26$320K$564K
Net assetsLn 32$838K$1000K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$86K$64K$21K
Other salaries and wagesLn 7$718K$660K$57K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$61K$57K$4K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$29K$29K
Information technologyLn 14$44K$44K
OccupancyLn 16$77K$77K
Conferences, conventions and meetingsLn 19$24K$2K$22K
InterestLn 20$143$143
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$42K$7K$35K
Other expenses (24a–d)Ln 24$43K$43K
Total functional expensesLn 25$1.2M$1.0M$176K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$1.4M$7K$817K 990 PDF
FY2024 $1.0M$1.2M−$189K$810K 990 PDF
FY2023 Viewing $1.4M$1.2M$162K$1000K 990 PDF
FY2022 $1.4M$1.1M$253K$838K 990 PDF
FY2021 $1.1M$1.1M$80K$585K 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 FY2023 990 (6 parts)
Part I · Summary $1,369,241 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $404,673$503,300
I-9 Program service revenuePrior year $907,739$813,178
I-10 Investment income−$2,175
I-11 Other revenuePrior year $63,554$54,938
I-12 Total revenuePrior year $1,375,966$1,369,241
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $828,377$872,108
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $294,600$335,577
I-18 Total expensesPrior year $1,122,977$1,207,685
I-19 Revenue less expensesPrior year $252,989$161,556
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,369,241 across 7 lines filed
VIII-1e Government grants$170,112
VIII-1f All other contributions, gifts and grants$333,188
VIII-1h Total contributions, gifts and grants$503,300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $813,178$813,178
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,175−$2,175
VIII-8 Net income from fundraising eventsExcluded from tax $54,938$54,938
VIII-12 Total revenueRelated to mission $811,003 · Excluded from tax $54,938$1,369,241
Part IX · Statement of functional expenses $1,207,685 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $64,287 · Management $21,430$85,717
IX-7 Other salaries and wagesPrograms $660,460 · Management $57,496$717,956
IX-9 Other employee benefitsPrograms $7,036$7,036
IX-10 Payroll taxesPrograms $57,001 · Management $4,398$61,399
IX-11c Accounting feesManagement $3,255$3,255
IX-11g Other fees for servicesPrograms $12,738$12,738
IX-12 Advertising and promotionManagement $3,980$3,980
IX-13 Office expensesManagement $28,729$28,729
IX-14 Information technologyPrograms $44,190$44,190
IX-16 OccupancyPrograms $77,169$77,169
IX-19 Conferences, conventions and meetingsPrograms $2,165 · Management $21,636$23,801
IX-20 InterestPrograms $143$143
IX-22 Depreciation, depletion and amortizationPrograms $56,670$56,670
IX-23 InsurancePrograms $7,066 · Management $34,986$42,052
IX-24 Other expenses (24a–d)Programs $42,850$42,850
IX-25 Total functional expensesPrograms $1,031,775 · Management $175,910 · Fundraising $0$1,207,685
Part X · Balance sheet $1,563,780 assets, 9 lines filed
Asset lines not itemized here account for $170,112; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $619,450$664,370
X-4 Accounts receivableStart of year $3,885$53,343
X-10c Land, buildings and equipment, netStart of year $534,395$675,955
X-16 Total assetsStart of year $1,157,730$1,563,780
X-17 Accounts payable and accrued expensesStart of year $31,380$18,308
X-19 Deferred revenueStart of year $276,573$544,241
X-26 Total liabilitiesStart of year $319,669$564,159
X-32 Total net assets or fund balancesStart of year $838,061$999,621
X-33 Total liabilities and net assetsStart of year $1,157,730$1,563,780
Part XI · Reconciliation of net assets $999,621 net assets at year end
XI-1 Total revenue$1,369,241
XI-2 Total expenses$1,207,685
XI-3 Revenue less expenses$161,556
XI-4 Net assets at start of year$838,061
XI-9 Other changes in net assets$4
XI-10 Net assets at end of year$999,621

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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