Home School Foundation

Summary

It's hard to put HSLDA in a box-just like the homeschooling families we stand for. But everything we do is motivated by our desire to help children thrive and succeed through homeschooling.


Contact information

Mailing address:
Home School Legal Defense Association
PO Box 3000
Purcellville, VA 20134

Website: hslda.org

Phone: 540-338-5600

Email: sales@hslda.org


Organization details

EIN: 521354365

CEO/President: J. Michael Smith

Chairman: J. Michael Smith

Board size: 7

Founder: Mike Farris and Mike Smith

Year founded: 1986

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 2003


Purpose

HSLDA is the trusted movement leader that makes homeschooling possible by caring for member families and protecting and securing the future of homeschooling. Our vision is to see every homeschooling family have the resources they need to provide the best education they can for their children.


Mission statement

In short, our mission is to make homeschooling possible.


Statement of faith

Our leaders, directors, and employees all live by the foundational teachings of Christianity. Although we come from a variety of Christian denominations and traditions, we share the following beliefs: There is one God, who exists eternally in three Persons (the Trinity): Father, Son, and Holy Spirit. Because human beings are sinful by nature and inherently in need of salvation, God became a flesh-and-blood human to save us-Jesus Christ, the Son, who was conceived by God in a virgin woman, Mary. In His death, Jesus received the consequences for sin that we deserved. He then rose bodily from the dead and will literally come again to earth in the Second Advent. The salvation that Jesus Christ made possible for us is exclusively found by faith alone in Him and His shed blood. We find all these truths in the Holy Bible, which is the inspired and infallible Word of God. Because of our thankfulness to God for saving us, we try to imitate Christ in all we do.

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating36 of 6192 of 24
Fund acquisition rating110 of 6203 of 24
Resource allocation rating26 of 6201 of 24
Asset utilization rating104 of 6194 of 24

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%5%3%3%3%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%5%3%3%3%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%99%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%4%3%3%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%1%0%0%0%0%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%93%94%95%95%95%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%108%106%107%92%92%
Program output ratio Program output ratio =
Program services /
Total revenue
79%100%100%102%87%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-8%-6%-7%8%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%-21%-13%-12%12%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%2%3%2%3%2%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.062.692.231.691.371.73
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.951.011.011.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.132.712.251.691.371.73
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.8413.2623.8922.9927.6018.27
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.080.040.040.040.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.654.105.126.818.456.55
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%8%4%4%4%5%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
83%34%43%57%70%55%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$761,068$917,015$1,043,497$1,161,453$1,023,880
Receivables, inventories, prepaids$70,131$52,465$64,746$66,511$78,050
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$831,199$969,480$1,108,243$1,227,964$1,101,930
Long-term investments$0$0$0$0$0
Fixed assets$4,289$5,719$0$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$4,289$5,719$0$0$0
Total assets$835,488$975,199$1,108,243$1,227,964$1,101,930
 
Liabilities20182017201620152014
Payables and accrued expenses$62,686$40,573$48,202$44,488$60,320
Other current liabilities$0$0$0$0$0
Total current liabilities$62,686$40,573$48,202$44,488$60,320
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$62,686$40,573$48,202$44,488$60,320
 
Net assets20182017201620152014
Unrestricted$246,753$321,065$421,036$506,148$359,276
Temporarily restricted$526,049$613,561$639,005$677,328$682,334
Permanently restricted$0$0$0$0$0
Net assets$772,802$934,626$1,060,041$1,183,476$1,041,610
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$2,074,946$2,047,222$1,739,204$1,816,301$2,064,875
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$2,691$3,327$2,468$3,296$2,610
Other revenue$10,836$3,189$2,301$3,417$1,032
Total other revenue$13,527$6,516$4,769$6,713$3,642
Total revenue$2,088,473$2,053,738$1,743,973$1,823,014$2,068,517
 
Expenses20182017201620152014
Program services$2,094,885$2,055,714$1,776,463$1,592,260$1,821,155
Management and general$55,021$55,325$44,002$43,198$47,438
Fundraising$100,391$68,115$46,943$45,690$38,934
Total expenses$2,250,297$2,179,154$1,867,408$1,681,148$1,907,527
 
Change in net assets20182017201620152014
Surplus (deficit)($161,824)($125,416)($123,435)$141,866$160,990
Other changes in net assets$0$0$0$0$0
Total change in net assets($161,824)($125,416)($123,435)$141,866$160,990

Response from ministry

No response has been provided by this ministry.


History

When two attorneys and homeschooling dads-Mike Farris and Mike Smith-founded HSLDA in 1983, homeschooling was just a tiny blip on the educational radar screen. Families who chose to homeschool often encountered opposition-sometimes even legal challenges. Seeing a need for affordable legal advocacy, the two Mikes joined forces to establish a nonprofit organization dedicated to protecting families' right to give their children the kind of unique, personalized education that homeschooling allows. Today, HSLDA provides over 80,000 member families with the peace of mind knowing that they don't have to homeschool alone. Whether it's legal representation, educational consulting, practical resources, or grants for struggling families, everything we do flows from our core mission of making homeschooling possible.


Program accomplishments


Needs