Civic Intelligence

Hope Academy 2 Inc.

990 • Fiscal year 2018 • EIN 26-1393612

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 05, 2019

Organization Profile
1100 Old Dixie HighwayHomestead, FL 33030

(786) 573-4435

Siviq Scores

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

Liabilities / Assets

88th percentile

0.79x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.04x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

60th percentile

6.9%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

61st percentile

4.6%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

4.7%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$3,941,825

Up $172,565 (+4.6%) from 2017

Net Assets

Down

$842,899

Down $759,816 (-47%) from 2017

Liabilities

Up

$3,098,926

Up $932,381 (+43%) from 2017

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin60th percentile

Revenue

Up

$2,982,598

Up $134,839 (+4.7%) from 2017

Expenses

Up

$2,777,905

Up $392,205 (+16%) from 2017

Net Income

Down

$204,693

Down $257,366 (-56%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$6.0M$4.0M$2.0M$0Assets 2015: $3,253,641Liabilities 2015: $2,666,992Net Assets 2015: $586,6492015Assets 2016: $3,362,428Liabilities 2016: $2,232,075Net Assets 2016: $1,130,3532016Assets 2017: $3,769,260Liabilities 2017: $2,166,545Net Assets 2017: $1,602,7152017Assets 2018: $3,941,825Liabilities 2018: $3,098,926Net Assets 2018: $842,8992018Assets 2019: $1,286,669Liabilities 2019: $408,754Net Assets 2019: $877,9152019Assets 2020: $2,193,668Liabilities 2020: $768,025Net Assets 2020: $1,425,6432020Assets 2021: $2,804,853Liabilities 2021: $437,555Net Assets 2021: $2,367,2982021Assets 2023: $4,286,663Liabilities 2023: $686,021Net Assets 2023: $3,600,6422023Assets 2024: $4,606,875Liabilities 2024: $480,341Net Assets 2024: $4,126,5342024

Highlighted filing

2018

Assets$3,941,825
Liabilities$3,098,926
Net Assets$842,899
Open 2018 Filing

Operations Trend

Revenue Growth52nd percentile

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

$6.0M$4.0M$2.0M$0Revenue 2015: $2,462,692Expenses 2015: $1,972,579Net Income 2015: $490,1132015Revenue 2016: $2,559,798Expenses 2016: $2,275,961Net Income 2016: $283,8372016Revenue 2017: $2,847,759Expenses 2017: $2,385,700Net Income 2017: $462,0592017Revenue 2018: $2,982,598Expenses 2018: $2,777,905Net Income 2018: $204,6932018Revenue 2019: $3,211,106Expenses 2019: $3,176,090Net Income 2019: $35,0162019Revenue 2020: $3,648,812Expenses 2020: $3,108,794Net Income 2020: $540,0182020Revenue 2021: $4,192,680Expenses 2021: $3,384,979Net Income 2021: $807,7012021Revenue 2023: $4,307,479Expenses 2023: $3,738,964Net Income 2023: $568,5152023Revenue 2024: $4,276,852Expenses 2024: $3,750,960Net Income 2024: $525,8922024

Highlighted filing

2018

Revenue$2,982,598
Expenses$2,777,905
Net Income$204,693
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 5, 2019
Return Version
2018v3.1
Gross Receipts
$2,982,598
Mission and Program Overview

Mission

EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,652,156$2,624,061▼ $28,095
Cash and Non-Interest-Bearing Accounts$1,112,801$1,313,461▲ $200,660
Rtn Earn Endowment Incm Other Fnds$1,602,715$842,899▼ $759,816
Loans From Officers Directors$225,044$374,451▲ $149,407
Total Assets$3,769,260$3,941,825▲ $172,565
Other Assets Total$4,303$4,303→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,925,228$1,854,306▼ $70,922
Accounts Payable and Accrued Expenses$16,273$870,169▲ $853,896
Total Liabilities$2,166,545$3,098,926▲ $932,381
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,602,715$842,899▼ $759,816
Total Liabilities and Net Assets / Fund Balance$3,769,260$3,941,825▲ $172,565

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,517,143$771,848$2,288,991
Land$952,500-$952,500
Equipment$154,418$288,077$442,495
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Nirvala AutarPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$2,557,275
Program Service Revenue
$280,068
Investment Income
$0
Other Revenue
$145,255
Change in Net Assets
$204,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,792,003
Other Expenses$985,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,529,000--$1,529,000
Fees for Services Other$638,933--$638,933
Payroll Taxes$186,041--$186,041
Interest$151,934--$151,934
Depreciation Depletion$113,120--$113,120
Other Employee Benefits$76,962--$76,962
Insurance$51,497--$51,497
Office Expenses$10,501--$10,501
Travel$7,327--$7,327
Fees for Services Accounting$5,200--$5,200
Information Technology$4,809--$4,809
Advertising$2,581--$2,581
Total Functional Expenses$2,777,905$0$0$2,777,905
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
Loans from Officers, Directors, Trustees, and Key Employees$225,044$374,451▲ $149,407
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“REVIEW BY COMMITTEE”

Form 990, Page 6, Part VI, Line 19

“AVAIABLE TO THE PUBLIC”

Filing and Contact Details

Filer

Filer Name
Hope Academy 2 Inc
EIN
26-1393612
Phone
7865734435
Address
1100 OLD DIXIE HIGHWAY, HOMESTEAD, FL 33030
Doing Business As
Hope Academy 2 Inc

Signing Officer

Name
Nirvala Autar
Title
President
Phone
7865734435
Signed
2019-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nirvala Autar
Voting Board Members
5
Independent Board Members
5
Employees
50

Preparer

Firm
Ppmt Strategic Group LLC
Address
16201 SW 95TH AVE STE 104, MIAMI, FL 33157
Preparer
Stanley Mandel
Phone
3052322931
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“HOPE ACADEMY 2 INC”

Form 990, Page 2, Part III, Line 4D

“Graduation and education of students”

Form 990, Part IX, Line 11G

“Bank charges 659 0 0 casual labor 75,083 0 0 classroom expenses 7,002 0 0 donations 5,720 0 0 equipment lease 7,702 0 0 fines and penalties 1,010 0 0 food program cost 268,216 0 0 fundraising expenses 44,112 0 0 graduation 1,312 0 0 janitorial 27,554 0 0 landscaping 3,275 0 0 license and fees 6,010 0 0 miscellaneous 7,725 0 0 postage and delivery 516 0 0 subscriptions 225 0 0 repair and maintenance 43,420 0 0 security expense 8,058 0 0 telephone expenses 19,004 0 0 utilities 31,255 0 0 vehicle-bus expenses 81,075 0 0 total 638,933 0 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 4,620 accrued interest on loans -969,129 total -964,509”

Raw XML Appendix336 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOPE ACADEMY 2 INC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRADUATION AND EDUCATION OF STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW BY COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAIABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK CHARGES 659 0 0 CASUAL LABOR 75,083 0 0 CLASSROOM EXPENSES 7,002 0 0 DONATIONS 5,720 0 0 EQUIPMENT LEASE 7,702 0 0 FINES AND PENALTIES 1,010 0 0 FOOD PROGRAM COST 268,216 0 0 FUNDRAISING EXPENSES 44,112 0 0 GRADUATION 1,312 0 0 JANITORIAL 27,554 0 0 LANDSCAPING 3,275 0 0 LICENSE AND FEES 6,010 0 0 MISCELLANEOUS 7,725 0 0 POSTAGE AND DELIVERY 516 0 0 SUBSCRIPTIONS 225 0 0 REPAIR AND MAINTENANCE 43,420 0 0 SECURITY EXPENSE 8,058 0 0 TELEPHONE EXPENSES 19,004 0 0 UTILITIES 31,255 0 0 VEHICLE-BUS EXPENSES 81,075 0 0 TOTAL 638,933 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 4,620 ACCRUED INTEREST ON LOANS -969,129 TOTAL -964,509
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03769260
IRS990/TotalAssetsEOYAmt03941825
IRS990/TotalAssetsGrp/BOYAmt03769260
IRS990/TotalAssetsGrp/EOYAmt03941825
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02557275
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02777905
IRS990/TotalFunctionalExpensesGrp/TotalAmt02777905
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02166545
IRS990/TotalLiabilitiesEOYAmt03098926
IRS990/TotalLiabilitiesGrp/BOYAmt02166545
IRS990/TotalLiabilitiesGrp/EOYAmt03098926
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01602715
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0842899
IRS990/TotalOtherProgSrvcExpenseAmt02772185
IRS990/TotalProgramServiceExpensesAmt02777905
IRS990/TotalProgramServiceRevenueAmt0280068
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0425323
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02982598
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03769260
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03941825
IRS990/TravelGrp/ProgramServicesAmt07327
IRS990/TravelGrp/TotalAmt07327
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 OLD DIXIE HIGHWAY
IRS990/USAddress/CityNm0HOMESTEAD
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033030
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NIRVALA AUTAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07865734435
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE ACADEMY 2 INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0261393612
ReturnHeader/Filer/PhoneNum07865734435
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 OLD DIXIE HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0HOMESTEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033030
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId047F7EC4F55530FE8B55B52C6AA79249AE2EA568E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId047F7EC4F55530FE8B55B52C6AA79249AE2EA568E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.74.209.104
ReturnHeader/FilingSecurityInformation/IPDt02019-10-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:53:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813668994
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PPMT STRATEGIC GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016201 SW 95TH AVE STE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033157
ReturnHeader/PreparerPersonGrp/PhoneNum03052322931
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STANLEY MANDEL
ReturnHeader/ReturnTs02019-10-16T13:53:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,941,825
Liabilities
$3,098,926
Net assets
$842,899
Revenue
$2,982,598
Expenses
$2,777,905
Net income
$204,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.61$0.48$4.13$4.28$3.75$0.53
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.69$3.60$4.31$3.74$0.57
2021Detailed filing. Detailed filing data is available for this year.$2.80$0.44$2.37$4.19$3.38$0.81
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.77$1.43$3.65$3.11$0.54
2019Detailed filing. Detailed filing data is available for this year.$1.29$0.41$0.88$3.21$3.18$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.94$3.10$0.84$2.98$2.78$0.20
2017Detailed filing. Detailed filing data is available for this year.$3.77$2.17$1.60$2.85$2.39$0.46
2016Detailed filing. Detailed filing data is available for this year.$3.36$2.23$1.13$2.56$2.28$0.28
2015Detailed filing. Detailed filing data is available for this year.$3.25$2.67$0.59$2.46$1.97$0.49