Civic Intelligence

Hope Academy Charter School

990 • Fiscal year 2024 • EIN 22-3785563

Jul 01, 2023 to Jun 30, 2024 • Filed on May 07, 2025

601 Grand AveAsbury Park, NJ 07712

(732) 988-4227

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.44x

Higher debt load relative to assets than 37% of similar nonprofits.

2024 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.75x

Higher debt load relative to revenue than 50% of similar nonprofits.

2024 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2024

Net Margin

93rd percentile

17%

Higher net margin than 93% of similar nonprofits.

2024 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$218,010

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2024 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2024

Asset Growth

70th percentile

8.9%

Faster asset growth than 70% of similar nonprofits.

2024 filings • NTEE B29 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

2.1%

Faster revenue growth than 21% of similar nonprofits.

2024 filings • NTEE B29 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,746,615

Up $963,248 (+8.9%) from 2023

Net Assets

Up

$6,533,367

Up $1,205,790 (+23%) from 2023

Liabilities

Down

$5,213,248

Down $242,542 (-4.4%) from 2023

Revenue

Up

$6,932,529

Up $140,911 (+2.1%) from 2023

Expenses

Down

$5,726,739

Down $321,330 (-5.3%) from 2023

Net Income

Up

$1,205,790

Up $462,241 (+62%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $795,162Liabilities 2011: $57,194Net Assets 2011: $737,9682011Assets 2012: $944,908Liabilities 2012: $128,074Net Assets 2012: $816,8342012Assets 2013: $1,083,161Liabilities 2013: $103,602Net Assets 2013: $979,5592013Assets 2014: $1,319,982Liabilities 2014: $170,772Net Assets 2014: $1,149,2102014Assets 2015: $1,614,055Liabilities 2015: $886,789Net Assets 2015: $727,2662015Assets 2016: $2,049,674Liabilities 2016: $939,392Net Assets 2016: $1,110,2822016Assets 2017: $6,734,321Liabilities 2017: $5,307,565Net Assets 2017: $1,426,7562017Assets 2018: $6,919,254Liabilities 2018: $5,080,598Net Assets 2018: $1,838,6562018Assets 2019: $7,292,830Liabilities 2019: $5,196,165Net Assets 2019: $2,096,6652019Assets 2020: $8,520,625Liabilities 2020: $5,641,405Net Assets 2020: $2,879,2202020Assets 2021: $9,005,380Liabilities 2021: $5,488,096Net Assets 2021: $3,517,2842021Assets 2022: $10,130,909Liabilities 2022: $5,722,997Net Assets 2022: $4,407,9122022Assets 2023: $10,783,367Liabilities 2023: $5,455,790Net Assets 2023: $5,327,5772023Assets 2024: $11,746,615Liabilities 2024: $5,213,248Net Assets 2024: $6,533,3672024

Highlighted filing

2024

Assets$11,746,615
Liabilities$5,213,248
Net Assets$6,533,367

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $3,516,5962011Expenses 2012: $3,673,9962012Revenue 2013: $3,991,831Expenses 2013: $3,829,106Net Income 2013: $162,7252013Revenue 2014: $3,921,394Expenses 2014: $3,751,743Net Income 2014: $169,6512014Revenue 2015: $3,646,580Expenses 2015: $3,445,695Net Income 2015: $200,8852015Revenue 2016: $3,743,727Expenses 2016: $3,360,711Net Income 2016: $383,0162016Revenue 2017: $3,775,205Expenses 2017: $3,458,731Net Income 2017: $316,4742017Revenue 2018: $3,917,865Expenses 2018: $3,505,965Net Income 2018: $411,9002018Revenue 2019: $4,221,023Expenses 2019: $3,963,014Net Income 2019: $258,0092019Revenue 2020: $4,831,339Expenses 2020: $4,195,805Net Income 2020: $635,5342020Revenue 2021: $5,176,124Expenses 2021: $4,538,060Net Income 2021: $638,0642021Revenue 2022: $6,592,241Expenses 2022: $5,873,252Net Income 2022: $718,9892022Revenue 2023: $6,791,618Expenses 2023: $6,048,069Net Income 2023: $743,5492023Revenue 2024: $6,932,529Expenses 2024: $5,726,739Net Income 2024: $1,205,7902024

Highlighted filing

2024

Revenue$6,932,529
Expenses$5,726,739
Net Income$1,205,790
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$6,932,529
Mission and Program Overview

Mission

The mission of the Hope Academy Charter School is as follows: the production of intelligent, competent, compassionate, and community-minded citizens, who will teach others to be, to know, and to do likewise.The educational philosophy is embedded in our Core Values: Hard Work Open and Honest Communication Personal Commitment ExcellenceWe at Hope Academy believe that FAILURE IS NOT AN OPTION!

The mission of Hope Academy Charter School is as follows: the production of intelligent, competent, compassionate and community-minded citizens, who will teach others to be, to know, and to do like wise. The educational philosophy is embedded in our Core Values. Hard Work Open and Honest communications Personal Commitment Excellence We at Hope Academy believe that FAILURE IS NOT AN OPTION.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,619,737$6,643,098▲ $1,023,361
Cash and Non-Interest-Bearing Accounts$3,841,392$3,359,487▼ $481,905
Accounts Receivable$1,055,979$742,725▼ $313,254
Prepaid Expenses and Deferred Charges$20,986$14,530▼ $6,456
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-
Total Assets$10,783,367$11,746,615▲ $963,248
Other Assets Total$245,273$986,775▲ $741,502
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,027,593$3,846,444▼ $181,149
Other Liabilities$674,290$1,324,233▲ $649,943
Accounts Payable and Accrued Expenses$753,907$42,571▼ $711,336
Total Liabilities$5,455,790$5,213,248▼ $242,542
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,317,012$3,646,010▼ $1,671,002
Net Assets With Donor Restrictions$10,565$2,887,357▲ $2,876,792
Total Net Assets Fund Balance$5,327,577$6,533,367▲ $1,205,790
Total Liabilities and Net Assets / Fund Balance$10,783,367$11,746,615▲ $963,248

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,862,340$1,190,063$5,052,403
Land$1,415,722-$1,415,722
Leasehold Improvements$1,225,896$65,105$1,291,001
Equipment$105,019$102,246$207,265
Other Land Buildings$34,121-$34,121
Other Assets Org$75,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Davisha PrattSuperintendentFT$218,010$218,010
Felicia KennedyBusiness AdminFT$121,034$121,034

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Santorini Construction INCConstruction1 SOUTH RIVERSIDE DRIVE, Neptune, NJ 07753$1,092,188
Karson Foods Services INCFood Service3409 ROSE AVENUE, Ocean Township, NJ 07712$248,175
Acs International Resources INCTechnology1330 BALTIMORE PIKE, Chadds Ford, PA 19317$106,763
Revenue and Support

Revenue Composition

Contributions and Grants
$6,824,312
Program Service Revenue
$5,105
Investment Income
$103,112
Other Revenue
$0
All Other Contributions
$2,667,373
Change in Net Assets
$1,205,790

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,932,529
Revenue Not Reported on Form 990
$181,809
Total Revenue per Audited Statements
$7,114,338
Total Revenue per Form 990
$6,932,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,751,896
Other Expenses$1,974,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,235,423$670,061-$2,905,484
Other Employee Benefits$432,769$27,212-$459,981
Current Officers, Directors, Trustees, and Key Employees-$339,044-$339,044
Depreciation Depletion$241,590--$241,590
Interest$122,250--$122,250
Insurance-$110,578-$110,578
Other Expenses$99,249$199,277-$99,249
Pension Plan Contributions$47,387--$47,387
All Other Expenses$4,401$24,245-$28,646
Fees for Services Accounting-$16,736-$16,736
Fees for Services Legal-$5,310-$5,310
Total Functional Expenses$3,847,340$1,879,399$0$5,726,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,908,548
Expenses per Audited Statements$5,726,739
Total Expenses per Form 990$5,726,739
Expenses Not Reported on Form 990$181,809
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interfund Payable$702,625
Pension Liability Pers$485,978
Deferred Outflows - Pers$95,316
Unearned Revenue$23,857
Other Liabilities$16,457
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Section B, Line 11B

The board of trustees or designated school officials review the tax form 990 return prior to submission and filing with the irs.

Form 990, Part VI, Section B, Line 12C

Hope academy charter school has an express, written conflict of interest policy that is published each year in the staff handbook and is reviewed with the entire staff.orientation disclosures is the process by which relationships must in every case be disclosed to hope academy charter school administration and to the board of trustees as part of the internal controls procedures. Disclosed relationships are reviewed periodically to ensure that they demonstrate compliance.

Form 990, Part VI, Section B, Line 15A

Salary and compensation of the superintendent and business administrator of the school is reveiwed and evaluated by the board of trustess of hope academy charter school on an annual basis in conducting such review and evaluation, factors such as personal strengths and weaknesses, as well as goals and achievements of the charter school, and comparable salary data are all given due weight and considertation. The ultimate compensation evaluation and recommendations is thereafter approved by the board of trustees of the charter school.

Form 990, Part VI, Section B, Line 15B

Salary and compensation are reviewed and evaluated by the superintendent and business administrator of the hope academy charter school on an annual basis. All such compensation evaluations and recommendations are reviewed and approved by the board of trustees of hope academy charter school.

Form 990, Part VI, Section C, Line 19

The minutes for the meetings of the board of trustees of the hope academy charter school are available to the public on the school's website and/or upon request. The charter school will continue to post all future minutes of the board of trustees meetings on the school website. Annual audit and financial reports of the charter school are available on the state of new jersey department of education website.

Filing and Contact Details

Filer

Filer Name
Hope Academy Charter School
EIN
22-3785563
Phone
7329884227
Address
601 GRAND AVE, ASBURY PARK, NJ 07712

Signing Officer

Name
Felicia Kennedy
Title
Business Admin
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
57

Preparer

Firm
Jump Perry and Company LLP
Address
12 Lexington Avenue, Toms River, NJ 08753
Preparer
Kathryn Perry CPA
Phone
7322407377
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The charter school had no unrecognized tax benefits. Furthermore, the charter school had no unrecognized tax benefits at june 30, 2024. The charter school files tax returns in the u.s. Federal jurisdiction. The charter school has no open years prior to june 30, 2021.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

On-behalf tpaf ltdi $449 on-behalf tpaf opeb $181360

Part XII, Line 2D: Other expenses and losses per audited F/S

On-behalf tpaf ltdi $449 on-behalf tpaf opeb $181360

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BUSINESS ADMIN
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt04156939
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06932529
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0110578
IRS990/InsuranceGrp/TotalAmt0110578
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt0122250
IRS990/InterestGrp/TotalAmt0122250
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0103112
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103112
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01357414
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05619737
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06643098
IRS990/LandBldgEquipCostOrOtherBssAmt08000512
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of Hope Academy Charter School is as follows: the production of intelligent, competent, compassionate and community-minded citizens, who will teach others to be, to know, and to do like wise. The educational philosophy is embedded in our Core Values. Hard Work Open and Honest communications Personal Commitment Excellence We at Hope Academy believe that FAILURE IS NOT AN OPTION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04027593
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03846444
IRS990/NetAssetsOrFundBalancesBOYAmt05327577
IRS990/NetAssetsOrFundBalancesEOYAmt06533367
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05317012
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03646010
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0245273
IRS990/OtherAssetsTotalGrp/EOYAmt0986775
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027212
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0432769
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0459981
IRS990/OtherExpensesGrp/Desc0PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3FACILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0349909
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1137027
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2199277
IRS990/OtherExpensesGrp/ProgramServicesAmt0447412
IRS990/OtherExpensesGrp/ProgramServicesAmt1216859
IRS990/OtherExpensesGrp/ProgramServicesAmt299249
IRS990/OtherExpensesGrp/TotalAmt0797321
IRS990/OtherExpensesGrp/TotalAmt1353886
IRS990/OtherExpensesGrp/TotalAmt2199277
IRS990/OtherExpensesGrp/TotalAmt399249
IRS990/OtherLiabilitiesGrp/BOYAmt0674290
IRS990/OtherLiabilitiesGrp/EOYAmt01324233
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0670061
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02235423
IRS990/OtherSalariesAndWagesGrp/TotalAmt02905484
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt047387
IRS990/PensionPlanContributionsGrp/TotalAmt047387
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020986
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014530
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05105
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06974475
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt059502
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01748522
IRS990/PYOtherRevenueAmt0-242359
IRS990/PYRevenuesLessExpensesAmt0743549
IRS990/PYSalariesCompEmpBnftPaidAmt04299547
IRS990/PYTotalExpensesAmt06048069
IRS990/PYTotalRevenueAmt06791618
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01205790
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03862340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01190063
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05052403
IRS990ScheduleD/EquipmentGrp/BookValueAmt0105019
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0102246
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0207265
IRS990ScheduleD/ExpensesNotReportedAmt0181809
IRS990ScheduleD/ExpensesSubtotalAmt05726739
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01415722
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01415722
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01225896
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt065105
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01291001
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0209150
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1702625
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt275000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - PERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTERFUND RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Restricted cash
IRS990ScheduleD/OtherExpensesIncludedAmt0181809
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034121
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt095316
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1702625
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216457
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3485978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt423857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED OUTFLOWS - PERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTERFUND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION LIABILITY PERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNEARNED REVENUE
IRS990ScheduleD/OtherRevenueAmt0181809
IRS990ScheduleD/RevenueNotReportedAmt0181809
IRS990ScheduleD/RevenueSubtotalAmt06932529
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHARTER SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS. FURTHERMORE, THE CHARTER SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024. THE CHARTER SCHOOL FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE CHARTER SCHOOL HAS NO OPEN YEARS PRIOR TO JUNE 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ON-BEHALF TPAF LTDI $449 ON-BEHALF TPAF OPEB $181360
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ON-BEHALF TPAF LTDI $449 ON-BEHALF TPAF OPEB $181360
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06643098
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0986775
IRS990ScheduleD/TotalExpensesPerForm990Amt05726739
IRS990ScheduleD/TotalLiabilityAmt01324233
IRS990ScheduleD/TotalRevenuePerForm990Amt06932529
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07114338
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05908548
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE HOPE ACADEMY CHARTER SCHOOL MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY TOWARDS ALL STUDENTS IN THAT THE CHARTER SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENT OR EMPLOYEE FOR REASONS OF RACE, COLOR, CREED, SEX, AGE, RELIGION, ETHNIC ORIGIN, FAMILY AFFILIATION, DISABILITIES, SOCIAL OR ECONOMIC STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR BECAUSE OF LIABILITY FOR SERVICE IN THE UNITED STATES ARMED FORCES. THE RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE SCHOOL BY-LAWS AND IS COMMUNICATED TO STUDENTS AND PARENTS. THE SCHOOL WILL ALSO PUBLISH THIS POLICY IN ITS BROCHURE AND ON ITS WEBSITE. IN ADDITION, THE HOPE ACADEMY CHARTER SCHOOL CUSTOMARILY DRAWS ITS STUDENTS FROM LOCAL COMMUNITIES AND FURTHER THE CHARTER SCHOOL ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL, STATE AND LOCAL GOVERNMENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.7$5.21$6.53$6.93$5.73$1.21
2023Detailed filing. Detailed filing data is available for this year.$10.8$5.46$5.33$6.79$6.05$0.74
2022Detailed filing. Detailed filing data is available for this year.$10.1$5.72$4.41$6.59$5.87$0.72
2021Detailed filing. Detailed filing data is available for this year.$9.01$5.49$3.52$5.18$4.54$0.64
2020Summary only. Only limited summary data is available for this year.$8.52$5.64$2.88$4.83$4.20$0.64
2019Summary only. Only limited summary data is available for this year.$7.29$5.20$2.10$4.22$3.96$0.26
2018Summary only. Only limited summary data is available for this year.$6.92$5.08$1.84$3.92$3.51$0.41
2017Summary only. Only limited summary data is available for this year.$6.73$5.31$1.43$3.78$3.46$0.32
2016Detailed filing. Detailed filing data is available for this year.$2.05$0.94$1.11$3.74$3.36$0.38
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.89$0.73$3.65$3.45$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.32$0.17$1.15$3.92$3.75$0.17
2013Summary only. Only limited summary data is available for this year.$1.08$0.10$0.98$3.99$3.83$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.13$0.82$3.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.06$0.74$3.52