Civic Intelligence

Hope Academy Inc

990 • Fiscal year 2015 • EIN 38-3840296

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

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

96th percentile

1.18x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

63rd percentile

0.41x

Higher debt load relative to revenue than 63% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

18th percentile

-7.0%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

58th percentile

$197,233

Higher top officer pay than 58% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

97th percentile

75%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

135%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$3,974,965

Up $1,706,337 (+75%) from 2014

Net Assets

Down

-$721,155

Down $795,100 (-1075%) from 2014

Liabilities

Up

$4,696,120

Up $2,501,437 (+114%) from 2014

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin18th percentile

Revenue

Up

$11,373,063

Up $6,530,224 (+135%) from 2014

Expenses

Up

$12,168,163

Up $6,771,257 (+125%) from 2014

Net Income

Down

-$795,100

Down $241,033 (-44%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2015

Assets$3,974,965
Liabilities$4,696,120
Net Assets-$721,155
Open 2015 Filing

Operations Trend

Revenue Growth96th 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

2015

Revenue$11,373,063
Expenses$12,168,163
Net Income-$795,100
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$11,373,063
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$1,498,040$2,593,477▲ $1,095,437
Land, Buildings, and Equipment, Net$279,735$745,389▲ $465,654
Cash and Non-Interest-Bearing Accounts$424,401$322,338▼ $102,063
Prepaid Expenses and Deferred Charges$27,451$202,584▲ $175,133
Total Assets$2,268,628$3,974,965▲ $1,706,337
Other Assets Total$39,001$111,177▲ $72,176
Liabilities
Deferred Revenue$766,566$2,730,880▲ $1,964,314
Mortgage Notes Payable Secured by Investment Property$1,077,854$1,368,040▲ $290,186
Accounts Payable and Accrued Expenses$222,754$597,200▲ $374,446
Other Liabilities$127,509--
Total Liabilities$2,194,683$4,696,120▲ $2,501,437
Net Assets / Fund Balance
Unrestricted Net Assets$73,945$-721,155▼ $795,100
Total Net Assets Fund Balance$73,945$-721,155▼ $795,100
Total Liabilities and Net Assets / Fund Balance$2,268,628$3,974,965▲ $1,706,337

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$402,336-$402,336
Equipment$229,853$62,667$292,520
Leasehold Improvements$113,200$45,185$158,385
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jared MechamExecutive DiFT$189,800$7,433$197,233
Jared MechamExecutive Director-$189,800$7,433$197,233
David PriceDeputy Supt.FT$135,000$6,807$141,807
Christine TorrezCurriculum SFT$129,000$6,560$135,560
David AndreasenAsst. SuperiFT$127,500$6,516$134,016
Jean LundinMember--$12,691$12,691
Dave PriceMember--$4,421$4,421
Ted SmithMember-$2,750-$2,750

Board Members and Trustees

NameTitle
David NelsonChairperson
Dianne SwellaMember
Revenue and Support

Revenue Composition

Contributions and Grants
$11,373,063
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$39,299
Change in Net Assets
$-795,100

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,373,063
Total Revenue per Audited Statements
$11,373,063
Total Revenue per Form 990
$11,373,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,505,801
Other Expenses$5,662,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,345,070$701,069-$5,046,139
Occupancy$912,979$598,045-$1,511,024
Fees for Services Other$824,850$157,582-$982,432
Other Employee Benefits$632,315$31,547-$663,862
Pension Plan Contributions$371,391$92,847-$464,238
Payroll Taxes$265,250$66,312-$331,562
Office Expenses$214,098$13,572-$227,670
Other Expenses$121,642$30,411-$152,053
Insurance$68,064$34,995-$103,059
Travel$60,215$30,904-$91,119
All Other Expenses$29,380$45,098-$74,478
Advertising$71,179--$71,179
Depreciation Depletion-$61,333-$61,333
Fees for Services Legal-$42,154-$42,154
Fees for Services Accounting-$32,707-$32,707
Conferences and Meetings$24,998$6,237-$31,235
Information Technology$24,903--$24,903
Total Functional Expenses$9,736,678$2,431,485$0$12,168,163

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,168,163
Total Expenses per Audited Statements$12,168,163
Total Expenses per Form 990$12,168,163
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Former OfficerBackoffice ServicesNo$696,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 2

“Hope academy, inc. Savantco, inc director former owner business relationship hope academy, inc. Hope academy, inc. Director specialist family relationship hope academy, inc. Hope academy, inc. Director director family relationship”

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

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

Form 990, Page 6, Part VI, Line 12C

“Board members and key employees are required to file form 700 every year.”

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 15B

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

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Hope Academy Inc
EIN
38-3840296
Phone
7602204375
Address
57725 29 PALMS HWY SUITE 403, YUCCA VALLEY, CA 92284

Signing Officer

Name
Kyle Hannah
Title
Superintendent
Phone
7602204375
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Hannah
Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
217

Preparer

Firm
Feddersen & Company Llp
Address
28632 ROADSIDE DR STE 265, AGOURA HILLS, CA 91301-6300
Preparer
Kurt Feddersen
Phone
8187074111
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0229853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062667
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0292520
IRS990ScheduleD/ExpensesSubtotalAmt012168163
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0113200
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt045185
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158385
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0402336
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0402336
IRS990ScheduleD/RevenueSubtotalAmt011373063
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0745389
IRS990ScheduleD/TotalExpensesPerForm990Amt012168163
IRS990ScheduleD/TotalRevenuePerForm990Amt011373063
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011373063
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012168163
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND OUR CHARTER BYLAWS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THIS IS A PUBLIC SCHOOL. NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE IS AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS OPERATED AS A CALIFORNIA PUBLIC CHARTER SCHOOL AND RECEIVES FINANCIAL AID AND/OR ASSISTANCE FROM GOVERNMENTAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0189800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07433
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JARED MECHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0197233
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SAVANTCO EDUCATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0696000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BACKOFFICE SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JARED MECHAM WAS THE EXECUTIVE DIRECTOR OF THE SCHOOL FOR PRIOR YEARS AND A PORTION OF THE CURRENT YEAR. HE WAS ALSO AN OWNER AND CHIEF EXECUTIVE OFFICER OF SAVANTCO EDUCATION, THE BACKOFFICE SERVICE PROVIDER THROUGH DECEMBER 31, 2015.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOPE ACADEMY, INC. SAVANTCO, INC DIRECTOR FORMER OWNER BUSINESS RELATIONSHIP HOPE ACADEMY, INC. HOPE ACADEMY, INC. DIRECTOR SPECIALIST FAMILY RELATIONSHIP HOPE ACADEMY, INC. HOPE ACADEMY, INC. DIRECTOR DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE SIGNING OFFICER BEFORE FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO FILE FORM 700 EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS SET BASED ON INDUSTRY STANDARDS AND REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS SET BASED ON INDUSTRY STANDARDS AND REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02268628
IRS990/TotalAssetsEOYAmt03974965
IRS990/TotalAssetsGrp/BOYAmt02268628
IRS990/TotalAssetsGrp/EOYAmt03974965
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt011373063
IRS990/TotalEmployeeCnt0217
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02431485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09736678
IRS990/TotalFunctionalExpensesGrp/TotalAmt012168163
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02194683
IRS990/TotalLiabilitiesEOYAmt04696120
IRS990/TotalLiabilitiesGrp/BOYAmt02194683
IRS990/TotalLiabilitiesGrp/EOYAmt04696120
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt073945
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-721155
IRS990/TotalOtherCompensationAmt044428
IRS990/TotalProgramServiceExpensesAmt09736678
IRS990/TotalReportableCompFromOrgAmt0584050
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011373063
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02268628
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03974965
IRS990/TravelGrp/ManagementAndGeneralAmt030904
IRS990/TravelGrp/ProgramServicesAmt060215
IRS990/TravelGrp/TotalAmt091119
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt073945
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-721155
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt057725 29 PALMS HWY SUITE 403
IRS990/USAddress/CityNm0YUCCA VALLEY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092284
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.HOPEACADEMYCHARTER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KYLE HANNAH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SUPERINTENDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07602204375
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0383840296
ReturnHeader/Filer/PhoneNum07602204375
ReturnHeader/Filer/USAddress/AddressLine1Txt057725 29 PALMS HWY SUITE 403
ReturnHeader/Filer/USAddress/CityNm0YUCCA VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092284
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953239468
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FEDDERSEN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt028632 ROADSIDE DR STE 265

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,974,965
Liabilities
$4,696,120
Net assets
-$721,155
Revenue
$11,373,063
Expenses
$12,168,163
Net income
-$795,100
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$3.97$4.70$0.72$11.4$12.2$0.80
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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