Highlands Day School Foundation

Tax-deductible

Mountain Brk, AL501(c)(3)Since 1958EIN 63-0388769Revenue $7.5M in FY2025

On file with the IRShighlandsschool.org4901 Old Leeds Rd, 35213-1807 · Mountain Brk, ALTax-exempt since Sep 1959School — 170(b)(1)(A)(ii)

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Support an independent School educating children through eighth grade

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$391K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2025 · 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
2 of 6
filings with a surplus
Average surplus $30K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$391K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $140K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 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
-9% vs prior year
Spent
$8.2M
To programs
84%
Net assets
$14.8M
By yearFY2020–FY2025
Revenue
$7.5M
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.4M
FY2021$7.0M
FY2022$7.7M
FY2023$7.6M
FY2024$8.2M
FY2025$7.5M
Expenses
$8.2M
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.5M
FY2021$6.4M
FY2022$7.2M
FY2023$7.8M
FY2024$8.3M
FY2025$8.2M
Net assets
$14.8M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.3M
FY2021$14.6M
FY2022$14.3M
FY2023$14.5M
FY2024$15.0M
FY2025$14.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1959.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $6.9M Management & general 15% · $1.2M Fundraising 1% · $53K

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

19 people listed on the 990; $391K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$248,093Pt VII · Sec A
Director of Finance and Op
$142,715Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees, Vice-PR
$0Pt VII · Sec A
Board of Trustees, Preside
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees
$0Pt VII · Sec A
Board of Trustees, Treasur
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kavita Vasil$248,093$244,337$236,181$229,799$216,379$188,919
Terry Thompson$142,715$133,103$121,763$116,649——
Jennifer Dillon—————$122,156
Robert McGehee———$120,024$120,220$110,408

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 through eighth grade, fostering independence and academic growth.

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Provided by the organization

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3 programs · $6.9M · in their own filed words · FY2024
01

The foundation supports an independent school for students 4k through eighth grade.

$6.2Mprogram expense
02

The foundation supports a family center for infants through three years old.

$481Kprogram expense
03

The foundation supports a summer program.

$227Kprogram 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$140K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$6.9M
Gifts and grantsLn 1h$459K
Investment incomeLn 3$153K
Money outPt IX
$8.2M
Ln 25
Programscol B$6.9M
Managementcol C$1.2M
Fundraisingcol D$53K
Owns and owesPt X
$14.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$19.1M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$459K
Fees for servicesLn 2g$6.9M
Investment incomeLn 3$153K
Gains on assetsLn 7−$93K
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$5.6M
Land, buildings, equipmentLn 10c$9.9M
Total assetsLn 16$19.1M
LiabilitiesLn 26$4.3M
Net assetsLn 32$14.8M
OperationsPt I, VI
EmployeesI 5113
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$4.2M$3.3M
InvestmentsLn 11–13$5.0M$5.6M
Land, buildings, equipmentLn 10c$10.3M$9.9M
Total assetsLn 16$19.6M$19.1M
LiabilitiesLn 26$4.6M$4.3M
Net assetsLn 32$15.0M$14.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$539K$539K
Pay of current officers, directors and key staffLn 5$387K$96K$289K$2K
Other salaries and wagesLn 7$4.0M$3.6M$395K$4K
Pension plan contributionsLn 8$144K$112K$28K$4K
Other employee benefitsLn 9$262K$201K$55K$6K
Payroll taxesLn 10$302K$262K$41K
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$79K$79K
Advertising and promotionLn 12$56K$56K
Information technologyLn 14$32K$32K
OccupancyLn 16$434K$412K$22K
InterestLn 20$68K$68K
Depreciation, depletion and amortizationLn 22$649K$625K$24K
InsuranceLn 23$84K$21K$63K
Other expenses (24a–d)Ln 24$989K$881K$107K
All other expensesLn 24e$138K$79K$21K$37K
Total functional expensesLn 25$8.2M$6.9M$1.2M$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.5M$8.2M−$711K$14.8M 990 PDF
FY2024 $8.2M$8.3M−$15K$15.0M 990 PDF
FY2023 $7.6M$7.8M−$147K$14.5M 990 PDF
FY2022 $7.7M$7.2M$476K$14.3M 990 PDF
FY2021 $7.0M$6.4M$632K$14.6M 990 PDF
FY2020 $6.4M$6.5M−$54K$13.3M 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 FY2025 990 (6 parts)
Part I · Summary $7,508,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $425,967$459,403
I-9 Program service revenuePrior year $7,325,040$6,906,504
I-10 Investment incomePrior year $333,303$152,742
I-11 Other revenuePrior year $151,143−$10,405
I-12 Total revenuePrior year $8,235,453$7,508,244
I-13 Grants and similar amounts paidPrior year $457,128$539,238
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,184,300$5,132,080
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,608,838$2,548,055
I-18 Total expensesPrior year $8,250,266$8,219,373
I-19 Revenue less expensesPrior year −$14,813−$711,129
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
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 $7,508,244 across 7 lines filed
Lines not itemized here account for $54,269 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$459,403
VIII-1h Total contributions, gifts and grants$459,403
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,852,235$6,852,235
VIII-3 Investment incomeExcluded from tax $245,537$245,537
VIII-6 Net rental income or lossRelated to mission −$10,405−$10,405
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$92,795−$92,795
VIII-12 Total revenueRelated to mission $6,896,099 · Unrelated business $0 · Excluded from tax $152,742$7,508,244
Part IX · Statement of functional expenses $8,219,373 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $539,238$539,238
IX-5 Pay of current officers, directors and key staffPrograms $96,169 · Management $288,641 · Fundraising $2,404$387,214
IX-7 Other salaries and wagesPrograms $3,637,525 · Management $394,864 · Fundraising $4,452$4,036,841
IX-8 Pension plan contributionsPrograms $112,191 · Management $28,112 · Fundraising $3,568$143,871
IX-9 Other employee benefitsPrograms $200,923 · Management $55,122 · Fundraising $5,715$261,760
IX-10 Payroll taxesPrograms $261,769 · Management $40,625$302,394
IX-11f Investment management feesManagement $20,344$20,344
IX-11g Other fees for servicesManagement $78,718$78,718
IX-12 Advertising and promotionManagement $56,410$56,410
IX-14 Information technologyManagement $31,622$31,622
IX-16 OccupancyPrograms $411,881 · Management $22,029$433,910
IX-20 InterestPrograms $68,239$68,239
IX-22 Depreciation, depletion and amortizationPrograms $624,650 · Management $24,027$648,677
IX-23 InsurancePrograms $20,822 · Management $62,896$83,718
IX-24 Other expenses (24a–d)Programs $881,320 · Management $107,424$988,744
IX-24e All other expensesPrograms $79,102 · Management $21,459 · Fundraising $37,112$137,673
IX-25 Total functional expensesPrograms $6,933,829 · Management $1,232,293 · Fundraising $53,251$8,219,373
Part X · Balance sheet $19,055,879 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $4,189,075$3,291,473
X-4 Accounts receivableStart of year $69,381$73,559
X-9 Prepaid expenses and deferred chargesStart of year $111,193$143,452
X-10c Land, buildings and equipment, netStart of year $10,253,487$9,919,778
X-11 Publicly traded securitiesStart of year $4,981,570$5,627,617
X-16 Total assetsStart of year $19,604,706$19,055,879
X-17 Accounts payable and accrued expensesStart of year $541,654$583,338
X-19 Deferred revenueStart of year $2,271,918$1,962,512
X-20 Tax-exempt bond liabilitiesStart of year $1,815,079$1,745,431
X-26 Total liabilitiesStart of year $4,628,651$4,291,281
X-27 Net assets without donor restrictionsStart of year $14,440,908$14,208,209
X-28 Net assets with donor restrictionsStart of year $535,147$556,389
X-32 Total net assets or fund balancesStart of year $14,976,055$14,764,598
X-33 Total liabilities and net assetsStart of year $19,604,706$19,055,879
Part XI · Reconciliation of net assets $14,764,598 net assets at year end
XI-1 Total revenue$7,508,244
XI-2 Total expenses$8,219,373
XI-3 Revenue less expenses−$711,129
XI-4 Net assets at start of year$14,976,055
XI-5 Net unrealized gains (losses) on investments$499,672
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,764,598

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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