Civic Intelligence

Hope Academy Inc

990 • Fiscal year 2014 • EIN 38-3840296

Jul 01, 2013 to Jun 30, 2014 • Filed on May 04, 2015

Organization ProfileWWW.HOPEACADEMYCHARTER.ORG
57725 29 Palms Hwy Suite 403Yucca Valley, CA 92284

(760) 220-4375

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.45x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$196,074

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

93rd percentile

62%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

101%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$2,268,628

Up $864,427 (+62%) from 2013

Net Assets

Down

$73,945

Down $554,067 (-88%) from 2013

Liabilities

Up

$2,194,683

Up $1,418,494 (+183%) from 2013

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin19th percentile

Revenue

Up

$4,842,839

Up $2,438,530 (+101%) from 2013

Expenses

Up

$5,396,906

Up $2,787,911 (+107%) from 2013

Net Income

Down

-$554,067

Down $349,381 (-171%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $897,998Liabilities 2012: $100,300Net Assets 2012: $797,6982012Assets 2013: $1,404,201Liabilities 2013: $776,189Net Assets 2013: $628,0122013Assets 2014: $2,268,628Liabilities 2014: $2,194,683Net Assets 2014: $73,9452014Assets 2015: $3,974,965Liabilities 2015: $4,696,120Net Assets 2015: -$721,1552015

Highlighted filing

2014

Assets$2,268,628
Liabilities$2,194,683
Net Assets$73,945
Open 2014 Filing

Operations Trend

Revenue Growth93rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $1,941,173Expenses 2012: $1,143,475Net Income 2012: $797,6982012Revenue 2013: $2,404,309Expenses 2013: $2,608,995Net Income 2013: -$204,6862013Revenue 2014: $4,842,839Expenses 2014: $5,396,906Net Income 2014: -$554,0672014Revenue 2015: $11,373,063Expenses 2015: $12,168,163Net Income 2015: -$795,1002015

Highlighted filing

2014

Revenue$4,842,839
Expenses$5,396,906
Net Income-$554,067
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 4, 2015
Return Version
2013v4.0
Gross Receipts
$4,842,839
Mission and Program Overview

Mission

The mission of the organization is to apply compassion and understanding in daily routine and instruction to insure a rapport with all students and families while they attend hope academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,092,198$1,498,040▲ $405,842
Cash and Non-Interest-Bearing Accounts$177,992$424,401▲ $246,409
Land, Buildings, and Equipment, Net$74,104$279,735▲ $205,631
Prepaid Expenses and Deferred Charges$20,907$27,451▲ $6,544
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$1,404,201$2,268,628▲ $864,427
Other Assets Total$39,000$39,001▲ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$325,000$1,077,854▲ $752,854
Deferred Revenue-$766,566-
Accounts Payable and Accrued Expenses$451,189$222,754▼ $228,435
Other Liabilities-$127,509-
Total Liabilities$776,189$2,194,683▲ $1,418,494
Net Assets / Fund Balance
Unrestricted Net Assets$628,012$73,945▼ $554,067
Total Net Assets Fund Balance$628,012$73,945▼ $554,067
Total Liabilities and Net Assets / Fund Balance$1,404,201$2,268,628▲ $864,427

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$140,137$27,732$167,869
Leasehold Improvements$139,598$18,787$158,385
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christine TorrezTeacherFT$196,074$196,074
Jared MechamExecutive DirectorFT$148,000$148,000
Steven GilliamDean of StudentsFT$116,324$116,324

Board Members and Trustees

NameTitle
David NelsonChairperson
Annette PattersonMember
Jean JohnsonMember
Ted SmithMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Tbu MasonaryConstruction-$128,654
Saventco EdBack Office-$128,197
EdtecBack Office-$117,641
Revenue and Support

Revenue Composition

Contributions and Grants
$4,842,839
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$16,273
Change in Net Assets
$-554,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,842,839
Total Revenue per Audited Statements
$4,842,839
Total Revenue per Form 990
$4,842,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,948,044
Other Expenses$2,448,862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,053,836$122,854-$2,176,690
Other Employee Benefits$596,107$27,247-$623,354
Current Officers, Directors, Trustees, and Key Employees$148,000--$148,000
Other Expenses$90,281$15,932-$106,213
All Other Expenses$52,368$32,106-$84,474
Travel$67,129--$67,129
Depreciation Depletion-$41,885-$41,885
Total Functional Expenses$4,350,619$1,046,287$0$5,396,906

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,396,906
Total Expenses per Audited Statements$5,396,906
Total Expenses per Form 990$5,396,906
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$127,509
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the signing officer before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members and key employees must file a form 700 every year.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation is set based on industry standards, and reviewed by the board.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Compensation is set based on industry standards, and reviewed by the board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
38-3840296
Phone
7602204375

Signing Officer

Name
Jared Mecham
Title
Executive Director
Signed
2015-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Nelson
Formed
2011
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
69

Preparer

Preparer
James a Rotherham CPA
Phone
6195439702
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0127509
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND OUR CHARTER BYLAWS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE SIGNING OFFICER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND KEY EMPLOYEES MUST FILE A FORM 700 EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS SET BASED ON INDUSTRY STANDARDS, AND REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS SET BASED ON INDUSTRY STANDARDS, AND REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,268,628
Liabilities
$2,194,683
Net assets
$73,945
Revenue
$4,842,839
Expenses
$5,396,906
Net income
-$554,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$4.70$0.72$11.4$12.2$0.80
2014Detailed filing. Detailed filing data is available for this year.$2.27$2.19$0.07$4.84$5.40$0.55
2013Summary only. Only limited summary data is available for this year.$1.40$0.78$0.63$2.40$2.61$0.20
2012Summary only. Only limited summary data is available for this year.$0.90$0.10$0.80$1.94$1.14$0.80
Peer Organizations

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