Civic Intelligence

Hope Academy 2 Inc.

990 • Fiscal year 2020 • EIN 26-1393612

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 15, 2021

Organization Profile

View Organization Page

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

74th percentile

0.35x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.21x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

90th percentile

70%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$2,193,668

Up $906,999 (+70%) from 2019

Net Assets

Up

$1,425,643

Up $547,728 (+62%) from 2019

Liabilities

Up

$768,025

Up $359,271 (+88%) from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin67th percentile

Revenue

Up

$3,648,812

Up $437,706 (+14%) from 2019

Expenses

Down

$3,108,794

Down $67,296 (-2.1%) from 2019

Net Income

Up

$540,018

Up $505,002 (+1442%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2020

Assets$2,193,668
Liabilities$768,025
Net Assets$1,425,643
Open 2020 Filing

Operations Trend

Revenue Growth69th 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

2020

Revenue$3,648,812
Expenses$3,108,794
Net Income$540,018
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 15, 2021
Return Version
2020v4.0
Gross Receipts
$3,648,812
Mission and Program Overview

Mission

EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,021,630$1,779,546▲ $757,916
Rtn Earn Endowment Incm Other Fnds$877,965$1,425,643▲ $547,678
Loans From Officers Directors$366,038$366,039▲ $1
Land, Buildings, and Equipment, Net$165,656$314,689▲ $149,033
Total Assets$1,286,719$2,193,668▲ $906,949
Other Assets Total$99,433$99,433→ $0
Liabilities
Other Liabilities-$308,840-
Accounts Payable and Accrued Expenses$42,716$93,146▲ $50,430
Total Liabilities$408,754$768,025▲ $359,271
Net Assets / Fund Balance
Total Net Assets Fund Balance$877,965$1,425,643▲ $547,678
Total Liabilities and Net Assets / Fund Balance$1,286,719$2,193,668▲ $906,949

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$314,689$394,846$709,535
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Nirvala AutarPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$3,417,718
Program Service Revenue
$157,563
Investment Income
$59
Other Revenue
$73,472
Change in Net Assets
$540,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,823,210
Other Expenses$1,285,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,677,787--$1,677,787
Fees for Services Other$1,018,037--$1,018,037
Payroll Taxes$145,423--$145,423
Insurance$131,851--$131,851
Depreciation Depletion$60,960--$60,960
Interest$25,924--$25,924
Information Technology$23,774--$23,774
Office Expenses$12,132--$12,132
Fees for Services Accounting$4,950--$4,950
Advertising$4,034--$4,034
Travel$3,922--$3,922
Total Functional Expenses$3,108,794$0$0$3,108,794
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$366,038$366,039▲ $1
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Ppp Loan$308,840
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
2021-08-15
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 1,443 0 0 casual labor 50,000 0 0 classroom expenses 17,395 0 0 equipment lease 8,142 0 0 food program cost 130,691 0 0 fundraising expenses 35,958 0 0 graduation 125 0 0 janitorial 33,198 0 0 license and fees 2,274 0 0 miscellaneous 8,866 0 0 rent 570,780 0 0 repair and maintenance 43,902 0 0 security expense 10,894 0 0 telephone expenses 29,736 0 0 utilities 25,374 0 0 vehicle-bus expenses 45,521 0 0 landscaping 3,738 0 0 total 1,018,037 0 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 7,660”

Raw XML Appendix328 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/ExplanationTxt1GRADUATION AND EDUCATION OF STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW BY COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAIABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK CHARGES 1,443 0 0 CASUAL LABOR 50,000 0 0 CLASSROOM EXPENSES 17,395 0 0 EQUIPMENT LEASE 8,142 0 0 FOOD PROGRAM COST 130,691 0 0 FUNDRAISING EXPENSES 35,958 0 0 GRADUATION 125 0 0 JANITORIAL 33,198 0 0 LICENSE AND FEES 2,274 0 0 MISCELLANEOUS 8,866 0 0 RENT 570,780 0 0 REPAIR AND MAINTENANCE 43,902 0 0 SECURITY EXPENSE 10,894 0 0 TELEPHONE EXPENSES 29,736 0 0 UTILITIES 25,374 0 0 VEHICLE-BUS EXPENSES 45,521 0 0 LANDSCAPING 3,738 0 0 TOTAL 1,018,037 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 7,660
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/PhoneNum07865734435
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016201 SW 95TH AVE STE 104
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ReturnHeader/PreparerPersonGrp/PhoneNum03052322931
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STANLEY MANDEL
ReturnHeader/ReturnTs02021-09-10T16:55:53-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,193,668
Liabilities
$768,025
Net assets
$1,425,643
Revenue
$3,648,812
Expenses
$3,108,794
Net income
$540,018
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