Civic Intelligence

Hope Community Academy

990 • Fiscal year 2012 • EIN 41-1975574

Jul 01, 2011 to Jun 30, 2012 • Filed on Apr 05, 2013

720 Payne Avenue55130
Siviq Scores

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

Liabilities / Assets

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$3,846,274

Up $446,086 (+13%) from 2011

Net Assets

Up

$3,646,314

Up $571,437 (+19%) from 2011

Liabilities

Down

$199,960

Down $125,351 (-39%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,749,886

Up $210,981 (+3.8%) from 2011

Net Income

-

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.

$15M$10M$5.0M$0-$5.0MAssets 2011: $3,400,188Liabilities 2011: $325,311Net Assets 2011: $3,074,8772011Assets 2012: $3,846,274Liabilities 2012: $199,960Net Assets 2012: $3,646,3142012Assets 2013: $3,759,321Liabilities 2013: $348,520Net Assets 2013: $3,410,8012013Assets 2014: $3,725,255Liabilities 2014: $277,250Net Assets 2014: $3,448,0052014Assets 2015: $4,330,260Liabilities 2015: $3,411,934Net Assets 2015: $918,3262015Assets 2016: $4,034,078Liabilities 2016: $3,533,751Net Assets 2016: $500,3272016Assets 2017: $3,453,977Liabilities 2017: $4,517,031Net Assets 2017: -$1,063,0542017Assets 2018: $9,276,951Liabilities 2018: $11,474,149Net Assets 2018: -$2,197,1982018Assets 2019: $8,309,528Liabilities 2019: $9,051,957Net Assets 2019: -$742,4292019Assets 2020: $7,252,689Liabilities 2020: $8,308,850Net Assets 2020: -$1,056,1612020Assets 2021: $7,239,866Liabilities 2021: $8,784,862Net Assets 2021: -$1,544,9962021Assets 2022: $6,881,057Liabilities 2022: $8,526,103Net Assets 2022: -$1,645,0462022Assets 2023: $6,108,887Liabilities 2023: $8,268,119Net Assets 2023: -$2,159,2322023Assets 2024: $5,359,692Liabilities 2024: $7,488,036Net Assets 2024: -$2,128,3442024

Highlighted filing

2012

Assets$3,846,274
Liabilities$199,960
Net Assets$3,646,314

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,538,9052011Expenses 2012: $5,749,8862012Expenses 2013: $6,251,3502013Revenue 2014: $6,271,000Expenses 2014: $6,233,796Net Income 2014: $37,2042014Revenue 2015: $6,634,778Expenses 2015: $6,580,463Net Income 2015: $54,3152015Revenue 2016: $7,218,260Expenses 2016: $7,672,374Net Income 2016: -$454,1142016Revenue 2017: $7,261,981Expenses 2017: $8,825,362Net Income 2017: -$1,563,3812017Revenue 2018: $7,251,978Expenses 2018: $8,386,122Net Income 2018: -$1,134,1442018Revenue 2019: $7,438,127Expenses 2019: $7,080,475Net Income 2019: $357,6522019Revenue 2020: $7,891,852Expenses 2020: $7,904,137Net Income 2020: -$12,2852020Revenue 2021: $9,388,548Expenses 2021: $9,623,959Net Income 2021: -$235,4112021Revenue 2022: $11,651,347Expenses 2022: $11,835,717Net Income 2022: -$184,3702022Revenue 2023: $13,152,866Expenses 2023: $13,828,765Net Income 2023: -$675,8992023Revenue 2024: $14,183,051Expenses 2024: $13,785,260Net Income 2024: $397,7912024

Highlighted filing

2012

Revenue-
Expenses$5,749,886
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Apr 5, 2013
Return Version
2011v1.5
Gross Receipts
$6,322,379
Mission and Program Overview

Mission

The mission of hope (hmong open partnerships in education) community academy is to educate all students to highest levels of academic and social standards with a focus on hmong language and culture.

Filing and Contact Details

Filer

EIN
41-1975574
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IRS990/Description0FOR THE SCHOOL YEAR 2011-12 WE MADE SEVERAL SCHEDULE CHANGES THAT WE FEEL WILL BENEFIT STUDENTS. TEACHERS IN GRADES K-4 HAVE ADOPTED A SELF-CONTAINED MODEL INSTEAD OF TEAM TEACHING AS THEY HAVE IN THE PAST. TEACHERS WANTED TO MOVE TO THIS SCHEDULE BECAUSE THEY FELT TRANSITION TIMES BETWEEN CLASSES WAS LOST ACADEMIC TIME. TEACHERS ALSO WANT TO DO MUCH MORE CROSS CONTENT LESSONS AND INSTRUCTION. BY TEACHING ALL SUBJECTS IN ANY GIVEN DAY IT IS EASIER TO INTRODUCE SCIENCE OR SOCIAL STUDIES CONCEPTS IN A READING LESSON OR USE INFORMATION FROM THEIR READING LESSON IN MATH WORD PROBLEMS.AT THE MIDDLE SCHOOL, WE ADDED AN ADDITIONAL 50 MINUTES OF MATH INSTRUCTION TO EVERY STUDENT'S SCHEDULE BY ADOPTING A BLOCK SCHEDULE. STUDENTS ATTEND 100 MINUTES OF MATH INSTRUCTION, LANGUAGE ARTS INSTRUCTION AND EITHER SOCIAL STUDIES OR SCIENCE EVERY DAY. WE HAVE ALSO PROVIDED TIME FOR THE SOCIAL STUDIES TEACHER AND THE SCIENCE TEACHER TO PLAN CROSS CONTENT LESSONS WITH THE MATH AND LANGUAGE ARTS INSTRUCTORS. TO ADDRESS SCHOOL CLIMATE WE ADOPTED CHARACTER COUNTS AS A MODEL FOR BEHAVIOR. OUR SCHOOL SOCIAL WORKER WORKS WITH EVERY CLASSROOM FOR ONE LESSON A MONTH. TEACHERS ARE ASKED TO REINFORCE THE SPECIFIC BEHAVIORAL CHARACTERISTIC BEING STUDIED THAT MONTH. OUR DIVERSITY COMMITTEE HELPED IMPLEMENT A SCHOOL WIDE ASSEMBLY EVERY MONTH ON EARLY RELEASE DAYS. WE ANNOUNCE EAGLE FEATHER AWARDS BASED ON CHARACTER COUNTS AND PERFECT ATTENDANCE AWARDS. WE DETERMINE THE THEME OF THE ASSEMBLY TO MATCH ACTIVITIES FOR THE MONTH. CLASSROOMS VOLUNTEER TO PERFORM SONGS OR SKITS BASED ON THE THEME AND WE TRY TO INCLUDE AN ACTIVITY THAT ALLOWS STUDENTS TO SHARE THEIR ACCOMPLISHMENTS.OUR PROFESSIONAL LEARNING COMMUNITIES ARE SPENDING TIME TWICE A MONTH EXAMINING STUDENT DATA AND CREATING DIFFERENTIATED LESSON PLANS BASED ON THAT INFORMATION. TEACHERS HAVE BECOME MUCH MORE KNOWLEDGEABLE ABOUT HOW TO ACCESS DATA AND ARE DISCUSSING THE INFORMATION IN THEIR GRADE LEVELS GROUPS. HOPE'S PARENT INVOLVEMENT PROGRAM CONTINUES TO GROW. THIS IS OUR SECOND YEAR IMPLEMENTING THE AFTER-SCHOOL TUTORING PROGRAM IN PARTNERSHIP WITH THE HMONG STUDENT UNITED ASSOCIATION AT THE UNIVERSITY OF ST. THOMAS. THE PROGRAM RUNS EVERY TUESDAY AND THURSDAY FROM 5:30 PM-7:00 PM. THIS IS ALSO OUR SECOND YEAR WITH THE EAST SIDE LEARNING CENTER. THEY PROVIDED ONE-ON-ONE READING TUTORIAL ASSISTANCE TO STUDENTS IN THE PRIMARY GRADE LEVELS ON A DAILY BASIS. HOPE COMMUNITY ACADEMY SERVED 466 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH 8TH GRADE IN THE 2011-2012 SCHOOL YEAR.
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IRS990/ScheduleBRequired01
IRS990ScheduleD/Equipment/BookValue0259559
IRS990ScheduleD/Equipment/Depreciation0956765
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis01216324
IRS990ScheduleD/TotalOfBookValueLandBuildings0259559
IRS990ScheduleE/ComplianceWithRevProc755001
IRS990ScheduleE/DiscriminateRaceAdmissPolicies00
IRS990ScheduleE/DiscriminateRaceAthleticProg00
IRS990ScheduleE/DiscriminateRaceEducPolicies00
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty00
IRS990ScheduleE/DiscriminateRaceOtherActy00
IRS990ScheduleE/DiscriminateRaceScholarships00
IRS990ScheduleE/DiscriminateRaceStudentsRights00
IRS990ScheduleE/DiscriminateRaceUseOfFclts00
IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE POLICY IS INCLUDED ON BROCHURES GIVEN TO PARENTS OF PROSPECTIVE STUDENTS.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECIEVES FEDERAL AND STATE FUNDING.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/GovernmentFinancialAidReceived01
IRS990ScheduleE/GovernmentFinancialAidRevoked00
IRS990ScheduleE/MaintCopiesOfAllSolicitations01
IRS990ScheduleE/MaintCopiesOfBrochuresEtc01
IRS990ScheduleE/MaintRacialCompositionRecords01
IRS990ScheduleE/MaintScholarshipsRecords01
IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990/ScheduleJRequired00
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction064772
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction150439
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction238735
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction347571
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction2EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction3EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0BARBARA BATES
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1MICHELLE MUCK
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson2KRISTINA FEHN
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson3ANIA WRASE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship1FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship2FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship3FORMER BOARD MEMBER, CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues10
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues20
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues30
IRS990ScheduleO/GeneralExplanation/Explanation0TOU LY (BOARD MEMBER) & MAYCHY VU (DIRECTOR) - FAMILY RELATIONSHIP
IRS990ScheduleO/GeneralExplanation/Explanation1PARENTS OF THE STUDENTS ARE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation2PARENTS OF HOPE STUDENTS AND TEACHERS ELECT THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S MANAGEMENT. THE REVIEWED DRAFT OF THE FORM 990 IS SENT TO THE BOARD FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4ALL BOARD MEMBERS AND EMPLOYEES SCRUPULOUSLY SHALL AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE PERSONAL, PROFESSIONAL OR BUSINESS INTERESTS AND THE INTERESTS OF THE ACADEMY, IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE ACADEMY IN THEIR RESPECTIVE CAPACITIES. IN THE EVENT THAT ANY OFFICER, DIRECTOR, EMPLOYEE OR COMMITTEE MEMBER OF THE ACADEMY SHALL HAVE ANY DIRECT OR INDIRECT INTEREST IN, OR RELATIONSHIP WITH, ANY INDIVIDUAL OR ORGANIZATION WHICH PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE ACADEMY, SUCH PERSON SHALL GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE ACADEMY, OR ITS COMPONENTS TO AFFECT A DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. CONFLICTS SHALL BE REVIEWED AND DETERMINED BY THE REMAINING BOARD OR COMMITTEE MEMBERS. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE.
IRS990ScheduleO/GeneralExplanation/Explanation5THE SCHOOL WORKED WITH A HUMAN RESOURCES CONSULTANT TO DEVELOP AN INITIAL SALARY SCHEDULE THAT IS RECOMMENDED TO THE BOARD FOR APPROVAL. THE CONSULTANT DOES A STUDY COMPARISON TO OTHER SIMILAR CHARTER SCHOOLS AND TRADITIONAL SCHOOL DISTRICTS WHEN PUTTING THE DRAFT SALARY SCHEDULE TOGETHER. AN ANNUAL COST OF LIVING INCREASE IS DETERMINED BY THE BOARD, USUALLY BETWEEN 2-3% PER YEAR. HOWEVER, FOR THE PAST THREE FISCAL YEARS, NO INCREASES HAVE BEEN GIVEN. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN FOR THE SCHOOL DIRECTOR, M. VU IN 2009.
IRS990ScheduleO/GeneralExplanation/Explanation6THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7PRIOR PERIOD ADJUSTMENTS: -1,056.
IRS990ScheduleO/GeneralExplanation/Explanation8THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/GeneralExplanation/Explanation9MAYCHY VU WORKS AN AVERAGE OF 41 HOURS PER WEEK AS FOLLOWS: HOPE ACADEMY 40 HOURS HCA BUILDING COMPANY 1 HOUR WARREN HEGGE WORKS AN AVERAGE OF 2 HOURS PER WEEK AS FOLLOWS: HOPE ACADEMY 1 HOUR HCA BUILDING COMPANY 1 HOUR
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier1EXPLANATION OF METHOD OF ACCOUNTING

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.36$7.49$2.13$14.2$13.8$0.40
2023Detailed filing. Detailed filing data is available for this year.$6.11$8.27$2.16$13.2$13.8$0.68
2022Detailed filing. Detailed filing data is available for this year.$6.88$8.53$1.65$11.7$11.8$0.18
2021Detailed filing. Detailed filing data is available for this year.$7.24$8.78$1.54$9.39$9.62$0.24
2020Detailed filing. Detailed filing data is available for this year.$7.25$8.31$1.06$7.89$7.90$0.01
2019Detailed filing. Detailed filing data is available for this year.$8.31$9.05$0.74$7.44$7.08$0.36
2018Detailed filing. Detailed filing data is available for this year.$9.28$11.5$2.20$7.25$8.39$1.13
2017Detailed filing. Detailed filing data is available for this year.$3.45$4.52$1.06$7.26$8.83$1.56
2016Detailed filing. Detailed filing data is available for this year.$4.03$3.53$0.50$7.22$7.67$0.45
2015Detailed filing. Detailed filing data is available for this year.$4.33$3.41$0.92$6.63$6.58$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.73$0.28$3.45$6.27$6.23$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.35$3.41$6.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.20$3.65$5.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.33$3.07$5.54