Civic Intelligence

Hope Academy of Charlotte Inc

EIN 45-2256402 • 501(c)3 • Concord, NC

Profile

Christ-centered, college preparatory, academic program.

7655 Bruton Smith BlvdConcord, NC 28027

hopek12.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.28x

Higher debt load relative to assets than 54% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

0.48x

Higher debt load relative to revenue than 67% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2025

Net Margin

80th percentile

26%

Higher net margin than 80% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$114,497

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2025

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

81st percentile

46%

Faster revenue growth than 81% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$5,972,577

Up $913,578 (+18%) from 2024

Liabilities

Up

$1,660,709

Up $18,097 (+1.1%) from 2024

Net Assets

Up

$4,311,868

Up $895,481 (+26%) from 2024

Operations
Liabilities / Revenue67th percentileNet Margin80th percentile

Revenue

Up

$3,444,126

Up $1,083,722 (+46%) from 2024

Expenses

Up

$2,548,645

Up $83,077 (+3.4%) from 2024

Net Income

Up

$895,481

Up $1,000,645 (+952%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2012: $52,377Liabilities 2012: $21,925Net Assets 2012: $30,4522012Assets 2013: $201,899Liabilities 2013: $141,062Net Assets 2013: $60,8372013Assets 2014: $260,597Liabilities 2014: $146,829Net Assets 2014: $113,7682014Assets 2015: $408,519Liabilities 2015: $220,553Net Assets 2015: $187,9662015Assets 2016: $491,944Liabilities 2016: $223,002Net Assets 2016: $268,9422016Assets 2017: $538,951Liabilities 2017: $283,011Net Assets 2017: $255,9402017Assets 2018: $756,036Liabilities 2018: $299,822Net Assets 2018: $456,2142018Assets 2019: $970,703Liabilities 2019: $328,507Net Assets 2019: $642,1962019Assets 2020: $1,039,913Liabilities 2020: $273,496Net Assets 2020: $766,4172020Assets 2021: $1,536,307Liabilities 2021: $367,135Net Assets 2021: $1,169,1722021Assets 2022: $2,847,258Liabilities 2022: $497,730Net Assets 2022: $2,349,5282022Assets 2023: $5,002,329Liabilities 2023: $1,480,778Net Assets 2023: $3,521,5512023Assets 2024: $5,058,999Liabilities 2024: $1,642,612Net Assets 2024: $3,416,3872024Assets 2025: $5,972,577Liabilities 2025: $1,660,709Net Assets 2025: $4,311,8682025

Highlighted filing

2025

Assets$5,972,577
Liabilities$1,660,709
Net Assets$4,311,868
Open 2025 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $158,677Expenses 2012: $128,225Net Income 2012: $30,4522012Revenue 2013: $348,347Expenses 2013: $317,962Net Income 2013: $30,3852013Revenue 2014: $513,585Expenses 2014: $460,654Net Income 2014: $52,9312014Revenue 2015: $621,766Expenses 2015: $547,472Net Income 2015: $74,2942015Revenue 2016: $710,441Expenses 2016: $629,465Net Income 2016: $80,9762016Revenue 2017: $666,677Expenses 2017: $679,679Net Income 2017: -$13,0022017Revenue 2018: $1,046,474Expenses 2018: $846,200Net Income 2018: $200,2742018Revenue 2019: $1,226,145Expenses 2019: $1,034,357Net Income 2019: $191,7882019Revenue 2020: $1,241,351Expenses 2020: $1,115,415Net Income 2020: $125,9362020Revenue 2021: $1,694,160Expenses 2021: $1,291,405Net Income 2021: $402,7552021Revenue 2022: $2,680,640Expenses 2022: $1,502,933Net Income 2022: $1,177,7072022Revenue 2023: $3,174,221Expenses 2023: $1,985,083Net Income 2023: $1,189,1382023Revenue 2024: $2,360,404Expenses 2024: $2,465,568Net Income 2024: -$105,1642024Revenue 2025: $3,444,126Expenses 2025: $2,548,645Net Income 2025: $895,4812025

Highlighted filing

2025

Revenue$3,444,126
Expenses$2,548,645
Net Income$895,481
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,972,577
Liabilities
$1,660,709
Net assets
$4,311,868
Revenue
$3,444,126
Expenses
$2,548,645
Net income
$895,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.97$1.66$4.31$3.44$2.55$0.90
2024Detailed filing. Detailed filing data is available for this year.$5.06$1.64$3.42$2.36$2.47$0.11
2023Detailed filing. Detailed filing data is available for this year.$5.00$1.48$3.52$3.17$1.99$1.19
2022Detailed filing. Detailed filing data is available for this year.$2.85$0.50$2.35$2.68$1.50$1.18
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.37$1.17$1.69$1.29$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.04$0.27$0.77$1.24$1.12$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.33$0.64$1.23$1.03$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.76$0.30$0.46$1.05$0.85$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.28$0.26$0.67$0.68$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.22$0.27$0.71$0.63$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.22$0.19$0.62$0.55$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.15$0.11$0.51$0.46$0.05
2013Summary only. Only limited summary data is available for this year.$0.20$0.14$0.06$0.35$0.32$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.02$0.03$0.16$0.13$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$3,444,126
Mission and Program Overview

Mission

Christ-centered, college preparatory, academic program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,416,387$4,311,868▲ $895,481
Land, Buildings, and Equipment, Net$2,716,393$2,802,334▲ $85,941
Cash and Non-Interest-Bearing Accounts$1,240,225$2,002,164▲ $761,939
Savings and Temporary Cash Investments$1,025,868$1,071,842▲ $45,974
Prepaid Expenses and Deferred Charges$3,113$9,660▲ $6,547
Accounts Receivable-$4,827-
Total Assets$5,058,999$5,972,577▲ $913,578
Other Assets Total$73,400$81,750▲ $8,350
Liabilities
Mortgage Notes Payable Secured by Investment Property$947,588$826,453▼ $121,135
Deferred Revenue$510,519$654,159▲ $143,640
Accounts Payable and Accrued Expenses$184,505$180,097▼ $4,408
Total Liabilities$1,642,612$1,660,709▲ $18,097
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,416,387$4,311,868▲ $895,481
Total Liabilities and Net Assets / Fund Balance$5,058,999$5,972,577▲ $913,578

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,802,334$427,609$3,229,943
Land$0--
Other Assets Org$81,750--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney ElliottHead of SchoolFT$114,497-$114,497
John CooperTreasurer--$1,800$1,800

Board Members and Trustees

NameTitle
Paul ElliottPresident
Matt DiamondVice President
Anne RoeDirector
Ginger KellyDirector
Reid JohnsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,018,787
Program Service Revenue
$2,058,413
Investment Income
$0
Other Revenue
$366,926
Change in Net Assets
$895,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,401,954
Other Expenses$868,778
Grants and Similar Amounts Paid$277,913
Total Fundraising Expense$56,123
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,048,463$132,361$0$1,180,824
Grants to Domestic Individuals$277,913--$277,913
All Other Expenses$207,520$0$0$207,520
Depreciation Depletion$140,959$0$0$140,959
Occupancy$137,315$0$0$137,315
Current Officers, Directors, Trustees, and Key Employees$114,497$0$0$114,497
Payroll Taxes$96,507$10,126$0$106,633
Office Expenses$76,707$17,541$0$94,248
Other Expenses$72,217$0$0$72,217
Interest$43,555$0$0$43,555
Insurance$15,715$6,735$0$22,450
Conferences and Meetings$21,074$0$0$21,074
Travel$3,916$0$0$3,916
Total Functional Expenses$2,325,759$166,763$56,123$2,548,645
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Capital Campaign$845,053$845,053$40,014$805,039
Grow Hope$149,127$149,127$16,109$133,018
Total Events$994,180$994,180$56,123$938,057
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hope Academy of Charlotte Inc
EIN
45-2256402
Phone
7049992436
Address
7655 Bruton Smith Blvd, Concord, NC 28027
Doing Business As
Hope Academy

Signing Officer

Name
Paul Elliott
Title
Board of Directors
Phone
7049992436
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Elliott
Formed
2011
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
6
Employees
67
Volunteers
115

Preparer

Firm
The Excelon Group LLC
Address
8410 Pit Stop Ct Ste 151, Concord, NC 28027
Preparer
Jon-Michael Devine
Phone
7047070606
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“The President/Director is the spouse of a non-voting member.”

Pt VI, Line 12C

“The Board reviews the Conflict of Interest policy annually to ensure compliance. All Board members are required to sign an annual statement regarding their understanding of said policy. No conflicts of interest exist at this time.”

Pt VI, Line 15A

“The salary of the Head of School is set by the non-family voting members of the Board of Directors. The reasonableness of the salary is determined by a review of comparable positions in the North Carolina Public School systems. The compensation paid by Hope Academy is substantially lower.”

Pt VI, Line 19

“The governing documents are available upon request from the Head of School.”

Pt VI, Line 11B

“The Form 990 is prepared by an independent CPA. It is subsequently reviewed by the Staff Accountant. The Staff Accountant sends a final version via email to the Executive Committee of the Board, Finance Chair (if not serving as Treasurer) and Head of School for discussion, review and approval. Once approved, the Form 990 is signed by the Board President and filed electronically by the CPA firm.”

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Concord
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IRS990/CashNonInterestBearingGrp/EOYAmt02002164
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
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IRS990/CompensationFromOtherSrcsInd0false
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IRS990/ConservationEasementsInd0false
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IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01018787
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03444126
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IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0510519
IRS990/DeferredRevenueGrp/EOYAmt0654159
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0140959
IRS990/DepreciationDepletionGrp/TotalAmt0140959
IRS990/Desc0HOPE Academy students courageously develop their Christ-like identity, cultivate their unique gifts, and engage as active learners within an authentic community. During this reporting period, 278 students benefited.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Hope Academy
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt067
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02325759
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt06.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm0Anne Roe
IRS990/Form990PartVIISectionAGrp/PersonNm1Courtney Elliott
IRS990/Form990PartVIISectionAGrp/PersonNm2Paul Elliott
IRS990/Form990PartVIISectionAGrp/PersonNm3Matt Diamond
IRS990/Form990PartVIISectionAGrp/PersonNm4Ginger Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm5Reid Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm6John Cooper
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/OtherExpensesGrp/Desc1Reserve Fund Expenses
IRS990/OtherExpensesGrp/Desc2Memberships and Dues
IRS990/OtherExpensesGrp/Desc3Student Activities
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IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt052169
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt217232
IRS990/OtherExpensesGrp/ProgramServicesAmt372217
IRS990/OtherExpensesGrp/TotalAmt052169
IRS990/OtherExpensesGrp/TotalAmt156123
IRS990/OtherExpensesGrp/TotalAmt217232
IRS990/OtherExpensesGrp/TotalAmt372217
IRS990/OtherRevenueTotalAmt0366926
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0132361
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01048463
IRS990/OtherSalariesAndWagesGrp/TotalAmt01180824
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010126
IRS990/PayrollTaxesGrp/ProgramServicesAmt096507
IRS990/PayrollTaxesGrp/TotalAmt0106633
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03113
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09660
IRS990/PrincipalOfficerNm0Paul Elliott
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02058413
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0132004
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0285541
IRS990/PYOtherExpensesAmt0958934
IRS990/PYOtherRevenueAmt0368155
IRS990/PYProgramServiceRevenueAmt01860245
IRS990/PYRevenuesLessExpensesAmt0-105164
IRS990/PYSalariesCompEmpBnftPaidAmt01221093
IRS990/PYTotalExpensesAmt02465568
IRS990/PYTotalRevenueAmt02360404
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0895481
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02425339
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03416387
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04311868
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01025868
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01071842
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02802334
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0427609
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03229943
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt081750
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pledges Receivable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02802334
IRS990ScheduleD/TotalBookValueOtherAssetsAmt081750
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/ExplanationTxt0It is the policy of HOPE Academy to maintain a school environment that is free from discrimination and to conduct its educational practices, admissions program, financial aid policies, hiring, and other school administratvie programs on the basis of an individuals qualifications and abilities. The School does not discriminate on the basis of age, race, color, gender, sex, national origin, citizenship status, marital status, military status, religion, disability/handicap, or any other protected status in accordance with the requirements of all federal, state, and local laws, unless such status is required as a bona fide occupational qualification and/or such status or characteristic contradicts the deeply held religious convictions of the School, as explained in our Statement of Faith.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt056123
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Grow Hope
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Capital Campaign
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0149127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0845053
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0994180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0149127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0845053
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0994180
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0938057
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt056123
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016109
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt040014
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020115
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Credit against tuition.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Six students received a credit against tuition. All students received less than $8,000.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President/Director is the spouse of a non-voting member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews the Conflict of Interest policy annually to ensure compliance. All Board members are required to sign an annual statement regarding their understanding of said policy. No conflicts of interest exist at this time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The salary of the Head of School is set by the non-family voting members of the Board of Directors. The reasonableness of the salary is determined by a review of comparable positions in the North Carolina Public School systems. The compensation paid by Hope Academy is substantially lower.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents are available upon request from the Head of School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 is prepared by an independent CPA. It is subsequently reviewed by the Staff Accountant. The Staff Accountant sends a final version via email to the Executive Committee of the Board, Finance Chair (if not serving as Treasurer) and Head of School for discussion, review and approval. Once approved, the Form 990 is signed by the Board President and filed electronically by the CPA firm.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05058999
IRS990/TotalAssetsEOYAmt05972577
IRS990/TotalAssetsGrp/BOYAmt05058999
IRS990/TotalAssetsGrp/EOYAmt05972577
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01018787
IRS990/TotalEmployeeCnt067
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt056123
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0166763
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02325759
IRS990/TotalFunctionalExpensesGrp/TotalAmt02548645
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01642612
IRS990/TotalLiabilitiesEOYAmt01660709
IRS990/TotalLiabilitiesGrp/BOYAmt01642612
IRS990/TotalLiabilitiesGrp/EOYAmt01660709
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03416387
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04311868
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02325759
IRS990/TotalProgramServiceRevenueAmt02058413
IRS990/TotalReportableCompFromOrgAmt0114497
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02425339
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03444126
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0115
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05058999
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05972577
IRS990/TotReportableCompRltdOrgAmt01800
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt03916
IRS990/TravelGrp/TotalAmt03916
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07655 Bruton Smith Blvd
IRS990/USAddress/CityNm0Concord

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