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FAIRHILL SCHOOL: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FAIRHILL SCHOOL (EIN 75-1406064)
Tax period
2024-09-01 to 2025-08-31
Filed
2026-06-15
IRS object ID
202611669349301306
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-15T13:01:05-05:00ReturnTs
Tax Period End2025-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN751854024PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BLAND GARVEY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12600 N CENTRAL EXPY 550AddressLine1Txt
CityRICHARDSONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP750802007ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN751406064EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FAIRHILL SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFAIRBusinessNameControlTxt
Phone9722331026PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line116150 PRESTON ROADAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752483558ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCARLA STANFORDPersonNm
Person TitleEXEC. DIRECTORPersonTitleTxt
Phone9722331026PhoneNum
Signature2026-06-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAURA ZERGERPreparerPersonNm
PTINP01216964PTIN
Phone9722312503PhoneNum
Preparation2026-06-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCARLA STANFORDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line116150 PRESTON ROADAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752483558ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,598,887GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FAIRHILL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTO EDUCATE STUDENTS GRADES 1 THROUGH 12 WITH LEARNING DIFFERENCESActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee51TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$874,723PYContributionsGrantsAmt
CY Contributions Grants$643,268CYContributionsGrantsAmt
PY Program Service Revenue$2,547,174PYProgramServiceRevenueAmt
CY Program Service Revenue$2,755,459CYProgramServiceRevenueAmt
PY Investment Income$1,132,006PYInvestmentIncomeAmt
CY Investment Income$1,046,789CYInvestmentIncomeAmt
PY Other Revenue$78,989PYOtherRevenueAmt
CY Other Revenue$72,818CYOtherRevenueAmt
PY Total Revenue$4,632,892PYTotalRevenueAmt
CY Total Revenue$4,518,334CYTotalRevenueAmt
PY Grants And Similar Paid$202,300PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$253,800CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,606,713PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,731,093CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$240,850PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$69,018CYTotalFundraisingExpenseAmt
PY Other Expenses$915,161PYOtherExpensesAmt
CY Other Expenses$902,896CYOtherExpensesAmt
PY Total Expenses$3,965,024PYTotalExpensesAmt
CY Total Expenses$3,887,789CYTotalExpensesAmt
PY Revenues Less Expenses$667,868PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$630,545CYRevenuesLessExpensesAmt
Total Assets BOY$11,366,006TotalAssetsBOYAmt
Total Assets EOY$12,159,040TotalAssetsEOYAmt
Total Liabilities BOY$1,479,741TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,642,230TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,886,265NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,516,810NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionFAIRHILL IS A PRIVATE, NON-PROFIT COLLEGE PREPARATORY SCHOOL SERVING STUDENTS IN GRADES ONE THROUGH TWELVE. FAIRHILL'S PRIMARY PURPOSE IS TO PROVIDE A SUPERIOR EDUCATION FOR STUDENTS OF AVERAGE AND ABOVE INTELLIGENCE WHO HAVE BEEN DIAGNOSED WITH A LEARNING DIFFERENCE SUCH AS DYSLEXIA, DYSGRAPHIA, DYSCALCULIA, AUDITORY PROCESSING DISORDER OR ATTENTION DEFICIT/HYPERACTIVITY DISORDER.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,060,880ExpenseAmt
Grant$253,800GrantAmt
Revenue$2,755,459RevenueAmt
DescTHE DAY SCHOOL, WHICH PROVIDES INDIVIDUALIZED EDUCATION TO APPROXIMATELY 90 STUDENTS WITH LEARNING DIFFERENCES IN GRADES ONE THROUGH TWELVE WHO REQUIRE SPECIAL EDUCATIONAL SERVICES.Desc
Total Program Service Expenses$3,060,880TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee51EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARLA STANFORD EXEC DIRECTORBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9722331026PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line116150 PRESTON ROADAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752483558ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ELIZABETH PHIFER
SECRETARY0.00Yes (X)Yes (X)$0$0$0
LESLIE ZALE GRECO
VICE CHAIRMAN0.00Yes (X)Yes (X)$0$0$0
JOHN DZIMINSKI
CHAIRMAN0.00Yes (X)Yes (X)$0$0$0
CINDY RICKERBY
TREASURER0.00Yes (X)Yes (X)$0$0$0
JANE SEGO
BOARD MEMBER0.00Yes (X)$0$0$0
NEIL LANGE
BOARD MEMBER0.00Yes (X)$0$0$0
LISA WHISLER
BOARD MEMBER0.00Yes (X)$0$0$0
CARLA STANFORD
EXECUTIVE DIRECTOR40.00$119,493$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$119,493TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$643,268AllOtherContributionsAmt
Total Contributions$643,268TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITIONDesc
Business611110BusinessCd
Total Revenue Column$2,755,459TotalRevenueColumnAmt
Related Or Exempt Func Income$2,755,459RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,755,459TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,240TotalRevenueColumnAmt
Exclusion$69,240ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,006,159SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,028,610SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$977,549SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$977,549TotalRevenueColumnAmt
Exclusion$977,549ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$124,761FundraisingGrossIncomeAmt
Fundraising Direct Expenses$51,943FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$72,818TotalRevenueColumnAmt
Exclusion$72,818ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,518,334TotalRevenueColumnAmt
Related Or Exempt Func Income$2,755,459RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,119,607ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$253,800TotalAmt
Program Services$253,800ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$119,493TotalAmt
Management And General$119,493ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,404,164TotalAmt
Program Services$1,930,150ProgramServicesAmt
Management And General$430,014ManagementAndGeneralAmt
Fundraising$44,000FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$8,330TotalAmt
Program Services$8,159ProgramServicesAmt
Management And General$127ManagementAndGeneralAmt
Fundraising$44FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$199,106TotalAmt
Program Services$146,637ProgramServicesAmt
Management And General$49,103ManagementAndGeneralAmt
Fundraising$3,366FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$27,937TotalAmt
Management And General$27,937ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,866TotalAmt
Management And General$21,866ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$13,350TotalAmt
Management And General$13,350ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,550TotalAmt
Management And General$5,550ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$25,595TotalAmt
Management And General$25,595ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$118,780TotalAmt
Program Services$62,115ProgramServicesAmt
Management And General$56,380ManagementAndGeneralAmt
Fundraising$285FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$37,590TotalAmt
Program Services$36,817ProgramServicesAmt
Management And General$575ManagementAndGeneralAmt
Fundraising$198FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$121,725TotalAmt
Program Services$119,220ProgramServicesAmt
Management And General$1,862ManagementAndGeneralAmt
Fundraising$643FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$113,013TotalAmt
Program Services$110,687ProgramServicesAmt
Management And General$1,729ManagementAndGeneralAmt
Fundraising$597FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$85,166TotalAmt
Program Services$83,413ProgramServicesAmt
Management And General$1,303ManagementAndGeneralAmt
Fundraising$450FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
REPAIRS AND MAINTENANCE$196,536$192,491$3,007$1,038
SCHOOL SUPPLIES & EXPEN$117,193$117,193
DEVELOPMENT/PR$18,397$18,397
ALUMNI RELATIONS$198$198

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,887,789TotalAmt
Program Services$3,060,880ProgramServicesAmt
Management And General$757,891ManagementAndGeneralAmt
Fundraising$69,018FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$315,596BOYAmt
EOY$701,270EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$343,456BOYAmt
EOY$49,321EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$16,051,441LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$6,121,956LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,106,729BOYAmt
EOY$9,929,485EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,877,508BOYAmt
EOY$1,456,471EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$6,722,717BOYAmt
EOY$22,493EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,366,006BOYAmt
EOY$12,159,040EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,479,741BOYAmt
EOY$1,642,230EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,479,741BOYAmt
EOY$1,642,230EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,262,714BOYAmt
EOY$10,516,810EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$623,551BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,886,265BOYAmt
EOY$10,516,810EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,366,006BOYAmt
EOY$12,159,040EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$630,545ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,220,964BeginningYearBalanceAmt
Investment Earnings Or Losses$1,040,409InvestmentEarningsOrLossesAmt
Grants Or Scholarships$253,800GrantsOrScholarshipsAmt
Other Expenditures$2,465,938OtherExpendituresAmt
Administrative Expenses$13,350AdministrativeExpensesAmt
End Year Balance$1,528,285EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,369,326BeginningYearBalanceAmt
Investment Earnings Or Losses$1,124,828InvestmentEarningsOrLossesAmt
Grants Or Scholarships$202,300GrantsOrScholarshipsAmt
Other Expenditures$4,048,808OtherExpendituresAmt
Administrative Expenses$22,082AdministrativeExpensesAmt
End Year Balance$3,220,964EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,896,529BeginningYearBalanceAmt
Investment Earnings Or Losses$423,359InvestmentEarningsOrLossesAmt
Grants Or Scholarships$158,800GrantsOrScholarshipsAmt
Other Expenditures$760,833OtherExpendituresAmt
Administrative Expenses$30,929AdministrativeExpensesAmt
End Year Balance$6,369,326EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,641,954BeginningYearBalanceAmt
Investment Earnings Or Losses$516,473InvestmentEarningsOrLossesAmt
Grants Or Scholarships$120,600GrantsOrScholarshipsAmt
Other Expenditures$107,151OtherExpendituresAmt
Administrative Expenses$34,147AdministrativeExpensesAmt
End Year Balance$6,896,529EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,408,485BeginningYearBalanceAmt
Investment Earnings Or Losses$463,711InvestmentEarningsOrLossesAmt
Grants Or Scholarships$125,800GrantsOrScholarshipsAmt
Other Expenditures$70,000OtherExpendituresAmt
Administrative Expenses$34,442AdministrativeExpensesAmt
End Year Balance$6,641,954EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$391,021OtherCostOrOtherBasisAmt
Book Value$391,021BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,153,936OtherCostOrOtherBasisAmt
Depreciation$3,762,405DepreciationAmt
Book Value$9,391,531BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,506,484OtherCostOrOtherBasisAmt
Depreciation$2,359,551DepreciationAmt
Book Value$146,933BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,929,485TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,251,184TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$4,251,184RevenueSubtotalAmt
Investment Expenses Not Incld$13,350InvestmentExpensesNotIncldAmt
Other Revenues Not Included$253,800OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$267,150RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,518,334TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,620,639TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,620,639ExpensesSubtotalAmt
Investment Expenses Not Incld2$13,350InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$253,800OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$267,150ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,887,789TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE INCOME GENERATED BY ORGANIZATION'S ENDOWMENT FUNDS IS INTENDED TO BE USED FOR SCHOLARSHIPS AND CAPITAL IMPROVEMENTS TO THE CAMPUS.
PART X, LINE 2:THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. THE SCHOOL FILES THE REQUIRED ANNUAL FEDERAL INFORMATIONAL RETURN FOR TAX-EXEMPT ORGANIZATIONS. FAIRHILL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE SCHOOL MAY BE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO AUGUST 31, 2022.
PART XI, LINE 4B - OTHER ADJUSTMENTS:TUITION GROSSED UP FOR GRANTS 253,800.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GRANTS ALLOCATED FROM TUITION 253,800.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationALL BROCHURES GIVEN TO THOSE INQUIRING ABOUT THE SCHOOL HAVE A STATEMENT OF THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY. ALSO, ADS ARE RUN ANNUALLY IN LOCAL NEWSPAPERS STATING THEIR RACIALLY NONDISCRIMINATORY PRACTICE.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1PTO REVENUEEvent1Nm
Gross Receipts Event1$124,761GrossReceiptsEvent1Amt
Gross Revenue Event1$124,761GrossRevenueEvent1Amt
Other Direct Expenses Event1$51,943OtherDirectExpensesEvent1Amt
Gross Receipts Total$124,761GrossReceiptsTotalAmt
Gross Revenue Total Events$124,761GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$51,943OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$51,943DirectExpenseSummaryEventsAmt
Net Income Summary$72,818NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS TO STUDENTS GRADES 1-12GrantTypeTxt
Recipient35RecipientCnt
Cash Grant$253,800CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SCHOOL USES AN OUTSIDE SERVICE TO PROCESS GRANT APPLICATIONS. A SCHOOL COMMITTEE MAKES THE FINAL DECISION FOR AWARDS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE BUSINESS MANAGER REVIEWS A DRAFT OF THE RETURN PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE BUSINESS MANAGER THEN PRESENTS THE RETURN TO THE BOARD OF DIRECTORS FOR APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHE BUSINESS MANAGER AND DIRECTOR OF THE SCHOOL REGULARLY REVIEW POLICIES.
FORM 990, PART VI, SECTION C, LINE 19THESE POLICIES ARE MAINTAINED IN THE SCHOOL'S EMPLOYEE HANDBOOK, WHICH IS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 1:MODIFIED

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