High Point Academy Inc
Nonprofit profile at a glance
- EIN
- 900970217
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Spartanburg, SC, USA
- Phone
- 8643169788
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $16,836,644
- Expenses
- $16,413,349
- Assets
- $32,953,402
- Liabilities
- $26,834,445
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- BRIAN SHERMAN (SUPERINTENDE): $141,186 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission: cultivating lifelong learners in a student centered environment. Vision: to be an exemplary school of choice for academically minded families.
What it reported doing in 2024
High point academy suporports all students to develop world-class skills that match the profile of the South Carolina graduate. Our school is continuously making strides to become the premier school in South Carolina. We provide a secure and safe environment for more than 1,200 students in kindergarten through twelfthgrades. At high point academy, our mission is to build tomorrow's leaders today. We accomplish this through a communitycentered school built on the principles of honor, integrity, and service. Our focus is on academic excellence, steam education, and projectbased learning through applied instruction. In partnership with family and community, each student is challenged to achieve their highest potential academically, socially, and personally. We recruit the finest educators and empower them to make the best decisions for our students. Our teachers strive to expand their knowledge of effective instructional methods by attending yearround professional development. These programs help enhance our academic environment for all students. Combined with this continuing education, our teachers love our students, challenge them to develop a strong moral compass and find creative ways to reach each student individually. By doing this, students can reach their potential as lifelong learners and successful community members. As a school of choice, we pride ourselves in offering a program of learning to help create the kind of school we all wished we had the opportunity to attend. In addition to standard academic courses, our students have the chance to take a variety of classes during the school day including piano, american sign language, spanish, chorus, music, theater, art, band, dance, robotics, physical education, weight training, steam, pltw, keyboarding, driver's education, personal finance, and dual credit college courses both on and offcampus. Students may participate in extracurricular activities like clubs both during the school day and after school. Examples include nhs, beta club, girls on the run, hs art club, asl club, theater club, 4h pet pals, lego, and junior vet, and many others. Students can also showcase their skills in theater productions, honor choir, art shows, and competitions in our high school skills USA club. Students have the opportunity to compete in areas of dye sublimation/tshirt design, advertising design, entrepreneurship, television (video) production, medical terminology, and a variety of other areas grounded in career and technology classes taught at hpa. The career classes offered in high school lead to certifications, internships (some paid), apprenticeships, and careers right after school or finding parttime work either while in high school or at college. Students can complete a three or four class program in general management, business information management, graphic communications, broadcasting, mediatech, digital art & design, and drone piloting. Students may take stateapproved industry credentialing tests upon completing these programs in adobe, quickbooks certified user, certified associate in project management (capm), osha 10, praxis core, and faa drone piloting. All programs are reviewed yearly by the cte advisory board, which includes school partners with adidas, johnstone supply, bomar printing, carolina heating, and air, sc works, and the benjamin franklin experience. Graduates leave with a working resume through tallo, soft skill training, and careerfocused goals with a plan for college or the workforce. High point academy works diligently to provide job shadowing and internship opportunities with local organizations and companies. These include bert's automotive, audi, israel automotive, st. Luke's free medical clinic, and midway residential care facility to list a few. Beyond academics, high point academy offers many sporting opportunities. Students can participate in wrestling, volleyball, cross country, basketball, softball, baseball, soccer, and cheerleading. We believe
Operating model
- Revenue model
- Grant-funded. 94% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.6%; rating input score 62
- Program expense ratio: 62.5%; rating input score 62
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.5%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 2.01; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 18.1% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 61.6% of revenue deployed · 62.5% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $10.3M in reported program spending
- Leadership: top reported pay $141K · 10 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 44/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 13/100.