Civic Intelligence

Hopewell Academy Inc

EIN 20-1637115 • 501(c)3 • Cary, NC

Profile

To provide a challenging and supportive environment for students in grades 6 to 12. Small classes and personalized attention help prepare students with diverse learning styles.

101 Preston Executive DriveCary, NC 27513

www.hopewellacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$120,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

89th percentile

60%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$334,539

Up $126,046 (+60%) from 2016

Liabilities

Down

$0

Down $100,000 (-100%) from 2016

Net Assets

Up

$334,539

Up $226,046 (+208%) from 2016

Revenue

Up

$830,176

Up $98,388 (+13%) from 2016

Expenses

Up

$604,130

Up $326,849 (+118%) from 2016

Net Income

Down

$226,046

Down $228,461 (-50%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $463,639Liabilities 2011: $1,534,384Net Assets 2011: -$1,070,7452011Assets 2012: $559,276Liabilities 2012: $1,555,019Net Assets 2012: -$995,7432012Assets 2013: $703,903Liabilities 2013: $1,638,838Net Assets 2013: -$934,9352013Assets 2014: $332,812Liabilities 2014: $1,383,364Net Assets 2014: -$1,050,5522014Assets 2015: $235,836Liabilities 2015: $581,850Net Assets 2015: -$346,0142015Assets 2016: $208,493Liabilities 2016: $100,000Net Assets 2016: $108,4932016Assets 2017: $334,539Liabilities 2017: $0Net Assets 2017: $334,5392017

Highlighted filing

2017

Assets$334,539
Liabilities$0
Net Assets$334,539

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $633,923Expenses 2011: $714,978Net Income 2011: -$81,0552011Revenue 2012: $724,786Expenses 2012: $649,784Net Income 2012: $75,0022012Revenue 2013: $719,918Expenses 2013: $659,111Net Income 2013: $60,8072013Revenue 2014: $598,160Expenses 2014: $713,777Net Income 2014: -$115,6172014Revenue 2015: $1,184,162Expenses 2015: $479,624Net Income 2015: $704,5382015Revenue 2016: $731,788Expenses 2016: $277,281Net Income 2016: $454,5072016Revenue 2017: $830,176Expenses 2017: $604,130Net Income 2017: $226,0462017

Highlighted filing

2017

Revenue$830,176
Expenses$604,130
Net Income$226,046

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$830,176
Mission and Program Overview

Mission

To provide a challenging and supportive environment for students in grades 6 to 12. Small classes and personalized attention help prepare students with diverse learning styles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,864$168,108▲ $165,244
Land, Buildings, and Equipment, Net$177,530$166,431▼ $11,099
Loans From Officers Directors$100,000--
Accounts Receivable$18,099$0▼ $18,099
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$208,493$334,539▲ $126,046
Other Assets Total$10,000$0▼ $10,000
Liabilities
Total Liabilities$100,000$0▼ $100,000
Net Assets / Fund Balance
Unrestricted Net Assets$107,493$333,539▲ $226,046
Temporarily Rstr Net Assets$1,000$1,000→ $0
Total Net Assets Fund Balance$108,493$334,539▲ $226,046
Total Liabilities and Net Assets / Fund Balance$208,493$334,539▲ $126,046

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$165,121$39,044$204,165
Equipment$1,310$28,012$29,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kenneth BranchPrincipalFT$120,000$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$612,043
Program Service Revenue
$218,039
Investment Income
$0
Other Revenue
$94
All Other Contributions
$612,043
Change in Net Assets
$226,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$334,997
Other Expenses$269,133
Total Fundraising Expense$12,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,863$60,178-$191,041
Occupancy$159,564--$159,564
Current Officers, Directors, Trustees, and Key Employees-$108,000$12,000$120,000
Office Expenses$46,946--$46,946
Advertising$34,594--$34,594
Payroll Taxes$16,410$7,546-$23,956
Depreciation Depletion$11,099--$11,099
Other Expenses$1,459--$1,459
Total Functional Expenses$416,406$175,724$12,000$604,130
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$94
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$100,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

An electronic copy of the form was e-mailed prior to filing of the return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is actively reviewed at every board meeting. The manner in which any conflicts of inteest are to be handeled is specified within the organizations bylaws.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The organization compares independent school data for the state of nc to officer compensation. The compensation figures are compared to performance evaluations and specific school metrics to evaluate the compensation figures by independent directors. This process is held in a closed session during which parties are excused from attendance so that the matter may be determined objectively.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

See line 15 a description above.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Hopewell Academy Inc
EIN
20-1637115
Phone
9194812123
Address
101 PRESTON EXECUTIVE DRIVE, CARY, NC 27513

Signing Officer

Name
Kenneth Branch
Title
Principal
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Branch
Formed
2004
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
14
Volunteers
5

Preparer

Firm
Mark Judson CPA
Address
3434 Edwards Mill Road Ste112-215, Raleigh, NC 27612
Preparer
Mark Judson
Phone
9199713111
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH BRANCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPEWELL ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0201637115
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK JUDSON CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03434 Edwards Mill Road Ste112-215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum09199713111
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Judson
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-14T10:02:06-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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