Highland Academy II EIN 86-1151339 Form 990 (PDF) Claim this org

Highland Academy II

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Educates diverse students in mixed-age classrooms, nurturing their natural gifts. For fiscal year 2025 it reported $473K in revenue, $438K in expenses, and $207K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Nonprofit
Location
Absecon, NJ
Website
www.highlandacademy.org
Filings
5 on file (2021–2025)
Revenue
$473KFY2025
Expenses
$438K
Net assets
$207K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-1151339 Public charity (501(c)(3)) Absecon, NJ Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates diverse students in mixed-age classrooms, nurturing their natural gifts.
Leadership
Laila Collazo · Trustee
Money in and out
$473K revenue, $438K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$473K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $35K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.07 Fundraising $0.01
Program efficiency
91%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +21% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +73% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$473K
FY2025▲ +22%
Expenses
$438K
FY2025▲ +18%
Total assets
$396K
FY2025▲ +2%
Total liabilities
$189K
FY2025▼ -12%
Total revenue
$473K
Pt VIII · Ln 12
Total expenses
$438K
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$396K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHighland Academy II
EINHdr · item D86-1151339
Principal addressHdr · item CAbsecon, NJ
WebsiteHdr · item Jwww.highlandacademy.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Phyllis Pitale$50,011$49,076$51,634$44,638
Tammy Pleydle$43,210

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 $400K of program spending, described in the organization's own filed words · FY2025.
01

Non-profit school

$400Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$455K · 96%
Contributions & grants$17K · 4%
Program service revenue96%$455K
Contributions & grants4%$17K
Other revenue$601
Total revenueLn 12$473K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.07 Fundraising $0.01
Program services91%$400K
Management & general7%$32K
Fundraising1%$6K
Total functional expensesLn 25$438K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$396K
Total liabilitiesLn 26$189K
Total net assetsLn 32$207K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $438K
1.7 months
Where the money goes
Program services
Program services $400K · Total expenses $438K
91%
Management & General
Management & general $32K · Total expenses $438K
7%
Fundraising
Fundraising $6K · Total expenses $438K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $19K
$0.26 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $473K
4%
Government reliance
Government grants — · Total revenue $473K
Earned-income share
Program service revenue $455K · Total revenue $473K
96%
Investment reliance
Investment income $0 · Total revenue $473K
0%
Program self-sufficiency
Program service revenue $455K · Total expenses $438K
104%
Growth & trend
Revenue growth (YoY)
This year $473K · Prior year $386K
+22%
Revenue CAGR
FY2020 $395K · FY2025 $473K
+4%
Net-asset trend (YoY)
End of year $207K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $473K · Expenses $438K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $396K
Net-asset ratio
Net assets $207K · Total assets $396K
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $396K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laila Collazo · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $438K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $296K · Total expenses $438K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 7%
Fundraising cost ratio 38%
Revenue growth 22%

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 · FY2023
Total grants receivedfrom 1 funder$206

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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
FY2025$386K revenue · ⤓ 990 PDF
FY2024$405K revenue · ⤓ 990 PDF
FY2023$402K revenue · ⤓ 990 PDF
FY2022$324K revenue · ⤓ 990 PDF
FY2021$395K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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