Civic Intelligence

Hope Academy 2 Inc.

990 • Fiscal year 2019 • EIN 26-1393612

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 13, 2020

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

66th percentile

0.32x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.13x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

1st percentile

-67%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

60th percentile

7.7%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$1,286,669

Down $2,655,156 (-67%) from 2018

Net Assets

Up

$877,915

Up $35,016 (+4.2%) from 2018

Liabilities

Down

$408,754

Down $2,690,172 (-87%) from 2018

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin44th percentile

Revenue

Up

$3,211,106

Up $228,508 (+7.7%) from 2018

Expenses

Up

$3,176,090

Up $398,185 (+14%) from 2018

Net Income

Down

$35,016

Down $169,677 (-83%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2019

Assets$1,286,669
Liabilities$408,754
Net Assets$877,915
Open 2019 Filing

Operations Trend

Revenue Growth60th 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

2019

Revenue$3,211,106
Expenses$3,176,090
Net Income$35,016
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 13, 2020
Return Version
2019v5.0
Gross Receipts
$5,690,026
Mission and Program Overview

Mission

EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,313,461$1,021,580▼ $291,881
Rtn Earn Endowment Incm Other Fnds$842,899$877,915▲ $35,016
Loans From Officers Directors$374,451$366,038▼ $8,413
Land, Buildings, and Equipment, Net$2,624,061$165,656▼ $2,458,405
Total Assets$3,941,825$1,286,669▼ $2,655,156
Other Assets Total$4,303$99,433▲ $95,130
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,854,306--
Accounts Payable and Accrued Expenses$870,169$42,716▼ $827,453
Total Liabilities$3,098,926$408,754▼ $2,690,172
Net Assets / Fund Balance
Total Net Assets Fund Balance$842,899$877,915▲ $35,016
Total Liabilities and Net Assets / Fund Balance$3,941,825$1,286,669▼ $2,655,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$165,656$341,995$507,651
Other Assets Org$99,433--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Nirvala AutarPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$2,461,302
Program Service Revenue
$358,372
Investment Income
$221,088
Other Revenue
$170,344
Change in Net Assets
$35,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,754,298
Other Expenses$1,421,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,536,959--$1,536,959
Fees for Services Other$1,140,933--$1,140,933
Payroll Taxes$138,331--$138,331
Insurance$129,207--$129,207
Other Employee Benefits$79,008--$79,008
Interest$64,030--$64,030
Depreciation Depletion$53,975--$53,975
Office Expenses$13,322--$13,322
Payment Travel Entrtnmnt Publicly Ofcl$6,575--$6,575
Fees for Services Accounting$5,950--$5,950
Information Technology$5,194--$5,194
Travel$2,606--$2,606
Total Functional Expenses$3,176,090$0$0$3,176,090
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$374,451$366,038▼ $8,413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2020-04-13
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

“Bad debts 1,381 0 0 bank charges 1,087 0 0 casual labor 57,976 0 0 classroom expenses 2,784 0 0 donations 3,200 0 0 equipment lease 7,880 0 0 fines and penalties 36,591 0 0 food program cost 274,066 0 0 fundraising expenses 29,691 0 0 graduation 1,146 0 0 janitorial 26,284 0 0 license and fees 1,296 0 0 miscellaneous 9,462 0 0 refinance/closing costs 30,840 0 0 rent 428,085 0 0 repair and maintenance 73,902 0 0 security expense 11,402 0 0 telephone expenses 15,698 0 0 utilities 33,436 0 0 vehicle-bus expenses 94,726 0 0 total 1,140,933 0 0”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW BY COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAIABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BAD DEBTS 1,381 0 0 BANK CHARGES 1,087 0 0 CASUAL LABOR 57,976 0 0 CLASSROOM EXPENSES 2,784 0 0 DONATIONS 3,200 0 0 EQUIPMENT LEASE 7,880 0 0 FINES AND PENALTIES 36,591 0 0 FOOD PROGRAM COST 274,066 0 0 FUNDRAISING EXPENSES 29,691 0 0 GRADUATION 1,146 0 0 JANITORIAL 26,284 0 0 LICENSE AND FEES 1,296 0 0 MISCELLANEOUS 9,462 0 0 REFINANCE/CLOSING COSTS 30,840 0 0 RENT 428,085 0 0 REPAIR AND MAINTENANCE 73,902 0 0 SECURITY EXPENSE 11,402 0 0 TELEPHONE EXPENSES 15,698 0 0 UTILITIES 33,436 0 0 VEHICLE-BUS EXPENSES 94,726 0 0 TOTAL 1,140,933 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07865734435
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE ACADEMY 2 INC
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ReturnHeader/Filer/PhoneNum07865734435
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.74.209.104
ReturnHeader/FilingSecurityInformation/IPDt02020-05-18
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ReturnHeader/FilingSecurityInformation/IPTm009:53:10
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
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ReturnHeader/PreparerPersonGrp/PhoneNum03052322931
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STANLEY MANDEL
ReturnHeader/ReturnTs02020-05-18T09:53:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,286,669
Liabilities
$408,754
Net assets
$877,915
Revenue
$3,211,106
Expenses
$3,176,090
Net income
$35,016
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