Civic Intelligence

Hope Academy Inc.

990 • Fiscal year 2014 • EIN 41-1962874

Aug 01, 2013 to Jul 31, 2014 • Filed on Jun 11, 2015

2300 Chicago Avenue South55404

(612) 339-7385

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.34x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

60th percentile

$80,701

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

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

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$4,886,739

Up $782,180 (+19%) from 2013

Net Assets

Up

$3,422,920

Up $773,996 (+29%) from 2013

Liabilities

Up

$1,463,819

Up $8,184 (+0.6%) from 2013

Revenue

$4,274,517

No earlier filing loaded for comparison.

Expenses

Up

$3,500,521

Up $336,190 (+11%) from 2013

Net Income

$773,996

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $3,307,479Liabilities 2011: $1,450,130Net Assets 2011: $1,857,3492011Assets 2012: $3,873,965Liabilities 2012: $1,449,592Net Assets 2012: $2,424,3732012Assets 2013: $4,104,559Liabilities 2013: $1,455,635Net Assets 2013: $2,648,9242013Assets 2014: $4,886,739Liabilities 2014: $1,463,819Net Assets 2014: $3,422,9202014Assets 2015: $5,535,363Liabilities 2015: $2,470,585Net Assets 2015: $3,064,7782015Assets 2016: $6,354,793Liabilities 2016: $2,519,029Net Assets 2016: $3,835,7642016Assets 2017: $10,503,684Liabilities 2017: $2,591,744Net Assets 2017: $7,911,9402017Assets 2018: $14,609,608Liabilities 2018: $1,806,199Net Assets 2018: $12,803,4092018Assets 2019: $17,233,201Liabilities 2019: $524,764Net Assets 2019: $16,708,4372019Assets 2020: $19,726,791Liabilities 2020: $1,124,851Net Assets 2020: $18,601,9402020Assets 2021: $22,761,341Liabilities 2021: $266,820Net Assets 2021: $22,494,5212021Assets 2022: $26,555,934Liabilities 2022: $334,831Net Assets 2022: $26,221,1032022Assets 2023: $42,742,682Liabilities 2023: $1,128,795Net Assets 2023: $41,613,8872023Assets 2024: $38,156,559Liabilities 2024: $1,556,055Net Assets 2024: $36,600,5042024Assets 2025: $46,908,680Liabilities 2025: $2,966,856Net Assets 2025: $43,941,8242025

Highlighted filing

2014

Assets$4,886,739
Liabilities$1,463,819
Net Assets$3,422,920

Operations Trend

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

$40M$20M$0-$20MExpenses 2011: $2,524,3972011Expenses 2012: $2,698,3072012Expenses 2013: $3,164,3312013Revenue 2014: $4,274,517Expenses 2014: $3,500,521Net Income 2014: $773,9962014Revenue 2015: $3,705,610Expenses 2015: $4,063,752Net Income 2015: -$358,1422015Revenue 2016: $5,360,327Expenses 2016: $4,589,341Net Income 2016: $770,9862016Revenue 2017: $9,442,449Expenses 2017: $5,364,125Net Income 2017: $4,078,3242017Revenue 2018: $7,888,681Expenses 2018: $5,985,891Net Income 2018: $1,902,7902018Revenue 2019: $10,262,055Expenses 2019: $6,358,960Net Income 2019: $3,903,0952019Revenue 2020: $9,456,320Expenses 2020: $7,572,303Net Income 2020: $1,884,0172020Revenue 2021: $12,467,556Expenses 2021: $8,626,142Net Income 2021: $3,841,4142021Revenue 2022: $13,659,656Expenses 2022: $9,799,766Net Income 2022: $3,859,8902022Revenue 2023: $27,043,718Expenses 2023: $11,650,934Net Income 2023: $15,392,7842023Revenue 2024: $31,800,499Expenses 2024: $37,098,056Net Income 2024: -$5,297,5572024Revenue 2025: $32,111,922Expenses 2025: $24,944,149Net Income 2025: $7,167,7732025

Highlighted filing

2014

Revenue$4,274,517
Expenses$3,500,521
Net Income$773,996
Jump To
Filing Snapshot
Filing Period
Aug 1, 2013 to Jul 31, 2014
Signed
Jun 11, 2015
Return Version
2013v4.0
Gross Receipts
$4,274,517
Mission and Program Overview

Mission

Provide a faith-based education to inner city children

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,648,924$3,422,920▲ $773,996
Land, Buildings, and Equipment, Net$2,371,420$2,495,662▲ $124,242
Savings and Temporary Cash Investments$1,658,261$1,960,588▲ $302,327
Accounts Receivable$57,744$73,730▲ $15,986
Prepaid Expenses and Deferred Charges$17,134$11,759▼ $5,375
Cash and Non-Interest-Bearing Accounts-$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$4,104,559$4,886,739▲ $782,180
Other Assets Total-$345,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,425,000$1,425,000→ $0
Accounts Payable and Accrued Expenses$30,635$38,819▲ $8,184
Total Liabilities$1,455,635$1,463,819▲ $8,184
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,648,924$3,422,920▲ $773,996
Total Liabilities and Net Assets / Fund Balance$4,104,559$4,886,739▲ $782,180

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,383,350$155,487$1,538,837
Leasehold Improvements$949,357$106,720$1,056,077
Equipment$162,955$140,429$303,384
Other Assets Org$345,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Russell GreggVP/treasFT$80,701$80,701

Board Members and Trustees

NameTitle
Jeffery BirdPresident
Richard CammackSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,988,590
Program Service Revenue
$0
Investment Income
$1,216
Other Revenue
$284,711
All Other Contributions
$3,988,590
Change in Net Assets
$773,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,274,517
Total Revenue per Audited Statements
$4,274,517
Total Revenue per Form 990
$4,274,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,266,032
Other Expenses$1,234,489
Total Fundraising Expense$106,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,771,828$21,127$79,227$1,872,182
All Other Expenses$199,255--$199,255
Occupancy$160,064--$160,064
Payroll Taxes$140,167$3,777$6,987$150,931
Other Employee Benefits$112,028--$112,028
Depreciation Depletion$107,063--$107,063
Current Officers, Directors, Trustees, and Key Employees$40,351$28,245$12,105$80,701
Pension Plan Contributions$50,190--$50,190
Insurance$49,000--$49,000
Other Expenses$42,386--$42,386
Office Expenses$39,204--$39,204
Interest$33,851--$33,851
Fees for Services Management-$18,000-$18,000
Information Technology$17,003--$17,003
Advertising--$8,481$8,481
Fees for Services Accounting-$8,259-$8,259
Total Functional Expenses$3,314,313$79,408$106,800$3,500,521

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,500,521
Total Expenses per Audited Statements$3,500,521
Total Expenses per Form 990$3,500,521
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-
Governance and Compliance

Governance Checklist

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

The board of directors reviewed and approved the form 990 before submitting.

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

The executive director and the board of directors review and monitor all possible issues related to conflict of interest.

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

The executive director and the board of directors review and monitor all changes and adjustments to compensation decisions.

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

Any relevant documents are avaiable upon request.

Filing and Contact Details

Filer

EIN
41-1962874
Phone
6123397385

Signing Officer

Name
Jeffery Bird
Title
President
Signed
2015-06-11
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
85

Preparer

Preparer
Larry E Godel CPA
Phone
9525465456
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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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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02648924
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03422920
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01658261
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01960588
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01383350
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0155487
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01538837
IRS990ScheduleD/EquipmentGrp/BookValueAmt0162955
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0140429
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0303384
IRS990ScheduleD/ExpensesSubtotalAmt03500521
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0949357
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0106720
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01056077
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0345000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DONATED LAND
IRS990ScheduleD/RevenueSubtotalAmt04274517
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02495662
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0345000
IRS990ScheduleD/TotalExpensesPerForm990Amt03500521
IRS990ScheduleD/TotalRevenuePerForm990Amt04274517
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04274517
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03500521
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ADVERTISEMENT IN THE LOCAL NEWSPAPER WHICH INVITES REGISTRATION AT THE SCHOOL AND CONTAINS A STATEMENT OF THE SCHOOL'S NON-DISCRIMINATORY POLICY.
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FORM 990 BEFORE SUBMITTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS REVIEW AND MONITOR ALL POSSIBLE ISSUES RELATED TO CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS REVIEW AND MONITOR ALL CHANGES AND ADJUSTMENTS TO COMPENSATION DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY RELEVANT DOCUMENTS ARE AVAIABLE 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 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04104559
IRS990/TotalAssetsEOYAmt04886739
IRS990/TotalAssetsGrp/BOYAmt04104559
IRS990/TotalAssetsGrp/EOYAmt04886739
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03988590
IRS990/TotalEmployeeCnt085
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0106800
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03314313
IRS990/TotalFunctionalExpensesGrp/TotalAmt03500521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01455635
IRS990/TotalLiabilitiesEOYAmt01463819
IRS990/TotalLiabilitiesGrp/BOYAmt01455635
IRS990/TotalLiabilitiesGrp/EOYAmt01463819
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02648924
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03422920
IRS990/TotalProgramServiceExpensesAmt03314313
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt080701
IRS990/TotalRevenueGrp/ExclusionAmt0284711
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01216
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04274517
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04104559
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04886739
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0hopeschool.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFERY BIRD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10HOPE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0411962874
ReturnHeader/Filer/PhoneNum06123397385
ReturnHeader/Filer/USAddress/AddressLine102300 CHICAGO AVENUE SOUTH
ReturnHeader/Filer/USAddress/City0MINNEAPOLIS
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055404
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Caldwell Taylor & Brown Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine105811 South Cedar Lake Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055416
ReturnHeader/PreparerPersonGrp/PhoneNum09525465456
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY E GODEL CPA
ReturnHeader/ReturnTs02015-06-11T14:11:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-08-01
ReturnHeader/TaxPeriodEndDt02014-07-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$46.9$2.97$43.9$32.1$24.9$7.17
2024Detailed filing. Detailed filing data is available for this year.$38.2$1.56$36.6$31.8$37.1$5.30
2023Detailed filing. Detailed filing data is available for this year.$42.7$1.13$41.6$27.0$11.7$15.4
2022Detailed filing. Detailed filing data is available for this year.$26.6$0.33$26.2$13.7$9.80$3.86
2021Detailed filing. Detailed filing data is available for this year.$22.8$0.27$22.5$12.5$8.63$3.84
2020Detailed filing. Detailed filing data is available for this year.$19.7$1.12$18.6$9.46$7.57$1.88
2019Detailed filing. Detailed filing data is available for this year.$17.2$0.52$16.7$10.3$6.36$3.90
2018Detailed filing. Detailed filing data is available for this year.$14.6$1.81$12.8$7.89$5.99$1.90
2017Detailed filing. Detailed filing data is available for this year.$10.5$2.59$7.91$9.44$5.36$4.08
2016Detailed filing. Detailed filing data is available for this year.$6.35$2.52$3.84$5.36$4.59$0.77
2015Detailed filing. Detailed filing data is available for this year.$5.54$2.47$3.06$3.71$4.06$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.89$1.46$3.42$4.27$3.50$0.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$1.46$2.65$3.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$1.45$2.42$2.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$1.45$1.86$2.52
Peer Organizations

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