Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
990 • Fiscal year 2024 • EIN 22-3785563
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
37th percentile
Higher debt load relative to assets than 37% of similar nonprofits.
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 3.1% of source-year revenue.
Asset Growth
70th percentile
Faster asset growth than 70% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| 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 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Davisha Pratt | Superintendent | FT | $218,010 | $218,010 |
| Felicia Kennedy | Business Admin | FT | $121,034 | $121,034 |
| Name | Title |
|---|---|
| Claudia Morgan | President |
| Sheree Sanders-jones | Vice President |
| Estelle Cadet | Trustee |
| Jakora Holman | Trustee |
| Jasmine Marshall-butler | Trustee |
| Kanesha Jones | Trustee |
| Kevin Elam | Trustee |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Santorini Construction INC | Construction | 1 SOUTH RIVERSIDE DRIVE, Neptune, NJ 07753 | $1,092,188 |
| Karson Foods Services INC | Food Service | 3409 ROSE AVENUE, Ocean Township, NJ 07712 | $248,175 |
| Acs International Resources INC | Technology | 1330 BALTIMORE PIKE, Chadds Ford, PA 19317 | $106,763 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Interfund Payable | $702,625 |
| Pension Liability Pers | $485,978 |
| Deferred Outflows - Pers | $95,316 |
| Unearned Revenue | $23,857 |
| Other Liabilities | $16,457 |
“The board of trustees or designated school officials review the tax form 990 return prior to submission and filing with the irs.”
“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.”
“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.”
“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.”
“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.”
“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.”
“On-behalf tpaf ltdi $449 on-behalf tpaf opeb $181360”
“On-behalf tpaf ltdi $449 on-behalf tpaf opeb $181360”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 753907 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 42571 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1055979 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 742725 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllOtherContributionsAmt | 0 | 2667373 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 24245 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 4401 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 28646 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CLAUDIA MORGAN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7329884227 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 601 GRAND AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ASBURY PARK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07712 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 3841392 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3359487 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 339044 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 339044 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 248175 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 106763 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 1092188 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 3409 ROSE AVENUE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 1330 BALTIMORE PIKE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 1 SOUTH RIVERSIDE DRIVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | OCEAN TOWNSHIP |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | CHADDS FORD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | NEPTUNE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | PA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | NJ |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 07712 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 19317 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 07753 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | KARSON FOODS SERVICES INC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | ACS INTERNATIONAL RESOURCES INC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | SANTORINI CONSTRUCTION INC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | FOOD SERVICE |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | TECHNOLOGY |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | CONSTRUCTION |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 6824312 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 103112 |
| IRS990/CYOtherExpensesAmt | 0 | 1974843 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 5105 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1205790 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 3751896 |
| IRS990/CYTotalExpensesAmt | 0 | 5726739 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 6932529 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 241590 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 241590 |
| IRS990/Desc | 0 | EDUCATION COSTS |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 10565 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2887357 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 57 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 3847340 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 16736 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16736 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 5310 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 5310 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DAVISHA PRATT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | FELICIA KENNEDY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | CLAUDIA MORGAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | SHEREE SANDERS-JONES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KEVIN ELAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JAKORA HOLMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KANESHA JONES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JASMINE MARSHALL-BUTLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ESTELLE CADET |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 218010 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 121034 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | SUPERINTENDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BUSINESS ADMIN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2001 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GovernmentGrantsAmt | 0 | 4156939 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 6932529 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 110578 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 110578 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 122250 |
| IRS990/InterestGrp/TotalAmt | 0 | 122250 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 103112 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 103112 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1357414 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 5619737 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 6643098 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 8000512 |
| IRS990/LegalDomicileStateCd | 0 | NJ |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 4027593 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 3846444 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5327577 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6533367 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 5317012 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3646010 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 245273 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 986775 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 27212 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 432769 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 459981 |
| IRS990/OtherExpensesGrp/Desc | 0 | PURCHASED SERVICES |
| IRS990/OtherExpensesGrp/Desc | 1 | SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 2 | OTHER EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 3 | FACILITIES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 349909 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 137027 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 199277 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 447412 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 216859 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 99249 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 797321 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 353886 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 199277 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 99249 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 674290 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1324233 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 670061 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 2235423 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2905484 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 47387 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 47387 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 20986 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 14530 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FOOD SERVICE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5105 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 5105 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 6974475 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 59502 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1748522 |
| IRS990/PYOtherRevenueAmt | 0 | -242359 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 743549 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4299547 |
| IRS990/PYTotalExpensesAmt | 0 | 6048069 |
| IRS990/PYTotalRevenueAmt | 0 | 6791618 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1205790 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3862340 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1190063 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5052403 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 105019 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 102246 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 207265 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 181809 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 5726739 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1415722 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1415722 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 1225896 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 65105 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1291001 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 209150 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 702625 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 75000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED OUTFLOWS - PERS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | INTERFUND RECEIVABLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | Restricted cash |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 181809 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 34121 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 34121 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 95316 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 702625 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 16457 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 485978 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 23857 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED OUTFLOWS - PERS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | INTERFUND PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | OTHER LIABILITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | PENSION LIABILITY PERS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | UNEARNED REVENUE |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 181809 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 181809 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 6932529 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | ON-BEHALF TPAF LTDI $449 ON-BEHALF TPAF OPEB $181360 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | ON-BEHALF TPAF LTDI $449 ON-BEHALF TPAF OPEB $181360 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X : FIN48 Footnote |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part XII, Line 2d: Other expenses and losses per audited F/S |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 6643098 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 986775 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 5726739 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1324233 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 6932529 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 7114338 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 5908548 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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/ExplanationTxt | 1 | THE SCHOOL RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL, STATE AND LOCAL GOVERNMENTS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Line 4 - Explanation of Records and Materials Not Maintained |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.