Civic Intelligence

New Hope Academy Charter School

990 • Fiscal year 2017 • EIN 27-2014140

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 24, 2017

Organization Profilewww.newhopeacademybrooklyn.org
475 E 57th StBrooklyn, NY 11203

(718) 337-8303

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.12x

Higher debt load relative to revenue than 43% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

40th percentile

0.5%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

41st percentile

$101,623

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

36th percentile

0.3%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-3.9%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$887,411

Up $2,683 (+0.3%) from 2016

Net Assets

Up

$153,365

Up $26,708 (+21%) from 2016

Liabilities

Down

$734,046

Down $24,025 (-3.2%) from 2016

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin40th percentile

Revenue

Down

$5,875,240

Down $237,422 (-3.9%) from 2016

Expenses

Down

$5,848,532

Down $773,875 (-12%) from 2016

Net Income

Up

$26,708

Up $536,453 (+105%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2012: $933,530Liabilities 2012: $824,746Net Assets 2012: $108,7842012Assets 2013: $809,773Liabilities 2013: $624,968Net Assets 2013: $184,8052013Assets 2014: $1,176,174Liabilities 2014: $545,046Net Assets 2014: $631,1282014Assets 2015: $1,081,853Liabilities 2015: $445,451Net Assets 2015: $636,4022015Assets 2016: $884,728Liabilities 2016: $758,071Net Assets 2016: $126,6572016Assets 2017: $887,411Liabilities 2017: $734,046Net Assets 2017: $153,3652017Assets 2018: $757,365Liabilities 2018: $666,962Net Assets 2018: $90,4032018Assets 2019: $38,925Liabilities 2019: $86,134Net Assets 2019: -$47,2092019Assets 2020: $36,732Liabilities 2020: $83,941Net Assets 2020: -$47,2092020

Highlighted filing

2017

Assets$887,411
Liabilities$734,046
Net Assets$153,365
Open 2017 Filing

Operations Trend

Revenue Growth26th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,810,3932012Expenses 2013: $4,581,6462013Revenue 2014: $5,640,321Expenses 2014: $5,278,998Net Income 2014: $361,3232014Revenue 2015: $5,946,953Expenses 2015: $5,941,679Net Income 2015: $5,2742015Revenue 2016: $6,112,662Expenses 2016: $6,622,407Net Income 2016: -$509,7452016Revenue 2017: $5,875,240Expenses 2017: $5,848,532Net Income 2017: $26,7082017Revenue 2018: $5,310,702Expenses 2018: $5,373,664Net Income 2018: -$62,9622018Revenue 2019: $43,319Expenses 2019: $0Net Income 2019: $43,3192019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2017

Revenue$5,875,240
Expenses$5,848,532
Net Income$26,708
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 24, 2017
Return Version
2016v3.0
Gross Receipts
$5,875,240
Mission and Program Overview

Mission

To provide a safe, structured and quality learning community where students' creativity and potential flourish. The academy employs a committed and well-equipped staff whose excellence in teaching and high academic and behavioral expectations promote the excellence the community's children can achieve.

To provide a safe structured and quality learning community where students creativity and potential will flourish. We employ a committed and well-equipped staff whose excellence in teaching and high academic and behavioral expectations promotes excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$258,128$434,055▲ $175,927
Land, Buildings, and Equipment, Net$458,068$356,250▼ $101,818
Savings and Temporary Cash Investments$75,006$10,043▼ $64,963
Cash and Non-Interest-Bearing Accounts$12,136$5,673▼ $6,463
Total Assets$884,728$887,411▲ $2,683
Other Assets Total$81,390$81,390→ $0
Liabilities
Accounts Payable and Accrued Expenses$651,489$715,046▲ $63,557
Unsecured Notes Loans Payable$106,582$19,000▼ $87,582
Total Liabilities$758,071$734,046▼ $24,025
Net Assets / Fund Balance
Unrestricted Net Assets$126,657$153,365▲ $26,708
Total Net Assets Fund Balance$126,657$153,365▲ $26,708
Total Liabilities and Net Assets / Fund Balance$884,728$887,411▲ $2,683

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$146,066$776,793$922,859
Leasehold Improvements$85,344$468,825$554,169
Other Land Buildings$124,840$232,350$357,190
Other Assets Org$81,390--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ta Sheena JohnsonPrincipalFT$101,623$101,623
Tamika StewartPrincipalFT$95,329$95,329

Board Members and Trustees

NameTitle
Rose GrahamAcademic Committee Chair
Orlando FindlayterChairperson
Zina CudjoeOperations Committe Chair
Alishia GoodridgeBoard Member
Charmaine SanchezBoard Member
Ivet LayneBoard Member
Nicole LanglaiseBoard Member
Sherlyn RichardsonBoard Member
Terrence BrummellBoard Member
Raymond ThomasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
boostEDConsultant950 6th Ave, New York, NY 10001$107,000
Revenue and Support

Revenue Composition

Contributions and Grants
$457,901
Program Service Revenue
$5,409,725
Investment Income
$36
Other Revenue
$7,578
Change in Net Assets
$26,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,875,240
Total Revenue per Audited Statements
$5,875,240
Total Revenue per Form 990
$5,875,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,190,510
Other Expenses$2,658,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,147,168$260,792-$2,407,960
All Other Expenses$1,019,983$43,484-$1,063,467
Occupancy$598,524$43,824-$642,348
Other Employee Benefits$332,896$24,375-$357,271
Payroll Taxes$212,629$15,569-$228,198
Depreciation Depletion$195,191$14,292-$209,483
Current Officers, Directors, Trustees, and Key Employees$175,621$21,331-$196,952
Fees for Services Accounting-$139,500-$139,500
Other Expenses$126,314$8,341-$134,655
Advertising$72,590$1,028-$73,618
Insurance$65,615$4,803-$70,418
Office Expenses$48,985$3,788-$52,773
Information Technology$41,830$3,064-$44,894
Fees for Services Legal-$29,823-$29,823
Pension Plan Contributions$120$9-$129
Total Functional Expenses$5,227,906$620,626$0$5,848,532

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,848,532
Total Expenses per Audited Statements$5,848,532
Total Expenses per Form 990$5,848,532
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 governing body review Part VI line 11

“The Board Chair Person and Chair of Finance Committee performs a preliminary review of form IRS 990 and supplemental schedules. All changes are made and a final review is performed with full Board. Final form 990 is submitted to Board for second signoff.”

Conflict of interest policy compliance Part VI line 12C

“Every board member is required to file a statement of disclosure annually that confirms their knowledge of the Conflict of Interest Policy and their compliance. Financial statements are filed with the Board monthly and annually with NHACS authorizers.”

CEO executive director top management comp Part VI line 15A

“The Board is provided with a range of comparable salaries for employees categories. Salary proposals are made based on performance and voted on by the Board.”

Other officer or key employee compensation Part VI line 15B

“The Board is provided with comparable salaries by employee categories. Salary proposals are made based on performance and voted on by Board.”

Governing documents etc available to public Part VI line 19

“Governing documents are available for public inspection upon request and are located at New Hope Academy Charter School 475 E 57th Street Brooklyn New York 11203.”

Filing and Contact Details

Filer

Filer Name
New Hope Academy Charter School
EIN
27-2014140
Address
475 E 57TH ST, Brooklyn, NY 11203

Signing Officer

Name
Orlando Findlayter
Title
Chairperson
Phone
6463398344
Signed
2017-10-24
Discuss with paid preparer
No

Organization Details

Formed
2011
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
112

Preparer

Firm
R Creary CPA Pc
Address
104 S CENTRAL AVE SUITE 15, Valley Stream, NY 11580
Preparer
Rowan Creary
Phone
7187066768
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“All other expensesProgram and service expensesOther purchased and contracted services $197,001Repairs and maintenance $102,504Supplies and materials $383,264Equipment and furnishings $199,859Other expenses $137,355Management and general expensesOther purchase and contracted services $12,576Repairs and maintenance $ 7,505Supplies and materials $ 0Equipment and furnishings $14,635Other expenses $ 8,768”

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“The School is exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) and a similar provision under New York State income tax laws. The School has also been classifed as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions as provided in Section 170(b)(1)(A)(ii). The School is subject to income taxes only on net unrelated business income. The School did not have any unrelated business income for the year ended June 30, 2017. The Schools accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination. The School has no uncertain tax positions resulting in an accrual of tax expense or benefit. IRS form 990 filed by the School are subject to examination by the Internal Revenue Service up to three years from the extended due date of each return. Forms 990 filed by the School are no longer subject to examination for the fiscal years ended June 30, 2013 and prior.”

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IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01477968
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0458068
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0356250
IRS990/LandBldgEquipCostOrOtherBssAmt01834218
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide a safe structured and quality learning community where students creativity and potential will flourish. We employ a committed and well-equipped staff whose excellence in teaching and high academic and behavioral expectations promotes excellence.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0126657
IRS990/NetAssetsOrFundBalancesEOYAmt0153365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt043824
IRS990/OccupancyGrp/ProgramServicesAmt0598524
IRS990/OccupancyGrp/TotalAmt0642348
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03788
IRS990/OfficeExpensesGrp/ProgramServicesAmt048985
IRS990/OfficeExpensesGrp/TotalAmt052773
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt081390
IRS990/OtherAssetsTotalGrp/EOYAmt081390
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024375
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0332896
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0357271
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2STUDENT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18341
IRS990/OtherExpensesGrp/ProgramServicesAmt090184
IRS990/OtherExpensesGrp/ProgramServicesAmt1100256
IRS990/OtherExpensesGrp/ProgramServicesAmt2126314
IRS990/OtherExpensesGrp/TotalAmt096787
IRS990/OtherExpensesGrp/TotalAmt1100256
IRS990/OtherExpensesGrp/TotalAmt2134655
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07578
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07578
IRS990/OtherRevenueTotalAmt07578
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0260792
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02147168
IRS990/OtherSalariesAndWagesGrp/TotalAmt02407960
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015569
IRS990/PayrollTaxesGrp/ProgramServicesAmt0212629
IRS990/PayrollTaxesGrp/TotalAmt0228198
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0120
IRS990/PensionPlanContributionsGrp/TotalAmt0129
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0258128
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0434055
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ENROLLMENT
IRS990/ProgramServiceRevenueGrp/Desc1STUDENTS WITH DISABIL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05201617
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1208108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05201617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1208108
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0322154
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt046
IRS990/PYOtherExpensesAmt02791828
IRS990/PYOtherRevenueAmt027276
IRS990/PYProgramServiceRevenueAmt05763186
IRS990/PYRevenuesLessExpensesAmt0-509745
IRS990/PYSalariesCompEmpBnftPaidAmt03830579
IRS990/PYTotalExpensesAmt06622407
IRS990/PYTotalRevenueAmt06112662
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt026708
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05409725
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075006
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010043
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0146066
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0776793
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0922859
IRS990ScheduleD/ExpensesSubtotalAmt05848532
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt085344
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0468825
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0554169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt081390
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0124840
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0232350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0357190
IRS990ScheduleD/RevenueSubtotalAmt05875240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from federal income tax under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) and a similar provision under New York State income tax laws. The School has also been classifed as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions as provided in Section 170(b)(1)(A)(ii). The School is subject to income taxes only on net unrelated business income. The School did not have any unrelated business income for the year ended June 30, 2017. The Schools accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination. The School has no uncertain tax positions resulting in an accrual of tax expense or benefit. IRS form 990 filed by the School are subject to examination by the Internal Revenue Service up to three years from the extended due date of each return. Forms 990 filed by the School are no longer subject to examination for the fiscal years ended June 30, 2013 and prior.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0356250
IRS990ScheduleD/TotalBookValueOtherAssetsAmt081390
IRS990ScheduleD/TotalExpensesPerForm990Amt05848532
IRS990ScheduleD/TotalRevenuePerForm990Amt05875240
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05875240
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05848532
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Questions 4b and 4d are not applicable to the School. That said, the School adheres to the provisions of NY Section 2854 (New York Education Law).
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Each year the School conducts an extensive outreach effort in the local community passing out flyers, brochures and other information kits. The goal of the outreach program is to provide information to all families who may be interested in enrolling their children at NHACS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Record maintenances (Questions 4a, 4b, 4c or 4d)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of nondiscriminatory policy (Question 3)
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt095329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TAMIKA STEWART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt095329
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board Chair Person and Chair of Finance Committee performs a preliminary review of form IRS 990 and supplemental schedules. All changes are made and a final review is performed with full Board. Final form 990 is submitted to Board for second signoff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Every board member is required to file a statement of disclosure annually that confirms their knowledge of the Conflict of Interest Policy and their compliance. Financial statements are filed with the Board monthly and annually with NHACS authorizers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board is provided with a range of comparable salaries for employees categories. Salary proposals are made based on performance and voted on by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board is provided with comparable salaries by employee categories. Salary proposals are made based on performance and voted on by Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are available for public inspection upon request and are located at New Hope Academy Charter School 475 E 57th Street Brooklyn New York 11203.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All other expensesProgram and service expensesOther purchased and contracted services $197,001Repairs and maintenance $102,504Supplies and materials $383,264Equipment and furnishings $199,859Other expenses $137,355Management and general expensesOther purchase and contracted services $12,576Repairs and maintenance $ 7,505Supplies and materials $ 0Equipment and furnishings $14,635Other expenses $ 8,768
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$887,411
Liabilities
$734,046
Net assets
$153,365
Revenue
$5,875,240
Expenses
$5,848,532
Net income
$26,708
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.08$0.05$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.09$0.05$0.04$0.00$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.76$0.67$0.09$5.31$5.37$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.73$0.15$5.88$5.85$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.76$0.13$6.11$6.62$0.51
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.45$0.64$5.95$5.94$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.18$0.55$0.63$5.64$5.28$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.62$0.18$4.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.82$0.11$3.81