Civic Intelligence

The Hope Academy

990 • Fiscal year 2015 • EIN 46-4845929

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 13, 2015

Organization ProfileN/A
1000 Eddy StProvidence, RI 02905

(401) 533-9100

Siviq Scores

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

Liabilities / Assets

90th percentile

0.84x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.06x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$79,615

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

$54,525

No earlier filing loaded for comparison.

Net Assets

$8,545

No earlier filing loaded for comparison.

Liabilities

$45,980

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin44th percentile

Revenue

$812,008

No earlier filing loaded for comparison.

Expenses

$803,463

No earlier filing loaded for comparison.

Net Income

$8,545

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2015: $54,525Liabilities 2015: $45,980Net Assets 2015: $8,5452015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $625,183Liabilities 2018: $153,079Net Assets 2018: $472,1042018Assets 2019: $872,035Liabilities 2019: $198,407Net Assets 2019: $673,6282019Assets 2020: $1,425,949Liabilities 2020: $585,646Net Assets 2020: $840,3032020Assets 2021: $1,585,925Liabilities 2021: $304,485Net Assets 2021: $1,281,4402021Assets 2022: $1,642,138Liabilities 2022: $169,593Net Assets 2022: $1,472,5452022Assets 2023: $5,922,457Liabilities 2023: $3,856,481Net Assets 2023: $2,065,9762023Assets 2024: $5,016,708Liabilities 2024: $2,808,681Net Assets 2024: $2,208,0272024

Highlighted filing

2015

Assets$54,525
Liabilities$45,980
Net Assets$8,545
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $812,008Expenses 2015: $803,463Net Income 2015: $8,5452015Revenue 2016: $1,161,433Expenses 2016: $1,178,114Net Income 2016: -$16,6812016Revenue 2017: $1,645,258Expenses 2017: $1,450,938Net Income 2017: $194,3202017Revenue 2018: $2,234,965Expenses 2018: $2,073,927Net Income 2018: $161,0382018Revenue 2019: $2,991,310Expenses 2019: $2,789,786Net Income 2019: $201,5242019Revenue 2020: $3,549,017Expenses 2020: $3,382,342Net Income 2020: $166,6752020Revenue 2021: $4,612,432Expenses 2021: $4,171,295Net Income 2021: $441,1372021Revenue 2022: $5,145,628Expenses 2022: $4,959,247Net Income 2022: $186,3812022Revenue 2023: $6,378,003Expenses 2023: $5,741,577Net Income 2023: $636,4262023Revenue 2024: $6,553,173Expenses 2024: $6,405,013Net Income 2024: $148,1602024

Highlighted filing

2015

Revenue$812,008
Expenses$803,463
Net Income$8,545
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$812,008
Mission and Program Overview

Mission

The hope academy is committed

The hope academy is committed to an educational model focusing on the academic and social success of each individual, preparing students to meet the challenges of secondary education and to become lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$29,024-
Pledges and Grants Receivable$37,613$22,958▼ $14,655
Prepaid Expenses and Deferred Charges-$2,543-
Total Assets$37,613$54,525▲ $16,912
Liabilities
Accounts Payable and Accrued Expenses$38,230$45,313▲ $7,083
Escrow Account Liability-$667-
Total Liabilities$38,230$45,980▲ $7,750
Net Assets / Fund Balance
Unrestricted Net Assets$-617$8,545▲ $9,162
Total Net Assets Fund Balance$-617$8,545▲ $9,162
Total Liabilities and Net Assets / Fund Balance$37,613$54,525▲ $16,912
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donna DimeryFormer Head of SchoolFT$79,615$79,615
Donna Dimery--$79,615$79,615
Margaret KnowltonSuperintendentPT$8,077$8,077

Board Members and Trustees

NameTitle
Mayor Charles a LombardiChairperson
Mayor Jorge O ElorzaVice Chairperson
Amanda McmullenDirector
David SluterDirector
Michael a Rocchio MdDirector
Bianca RodriguezDirector/founder
Raphael DiazCurrent Head of School
Deana TineoElected Parent Member
Matthew HarveyElected Parent Member
Michael DeragonElected Parent Member
John KellySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$644,507
Program Service Revenue
$167,501
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,100
Change in Net Assets
$8,545

Audited Revenue Reconciliation

Revenue per Audited Statements
$812,008
Total Revenue per Audited Statements
$812,008
Total Revenue per Form 990
$812,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$422,046
Salaries, Compensation, and Employee Benefits$381,417
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$174,167$0$0$174,167
Current Officers, Directors, Trustees, and Key Employees$92,308$80,487$0$172,795
Office Expenses$61,866$10,255$0$72,121
Occupancy$55,884$6,209$0$62,093
All Other Expenses$22,198$2,286$0$24,484
Payroll Taxes$19,980$0$0$19,980
Other Employee Benefits$13,653$0$0$13,653
Fees for Services Legal$0$5,878$0$5,878
Other Expenses$0$3,904$0$3,904
Conferences and Meetings$2,967$400$0$3,367
Pension Plan Contributions$822$0$0$822
Total Functional Expenses$692,575$110,888$0$803,463

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$803,463
Total Expenses per Audited Statements$803,463
Total Expenses per Form 990$803,463
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Hope Academy
EIN
46-4845929
Phone
4015339100
Address
1000 EDDY ST, PROVIDENCE, RI 02905

Signing Officer

Name
Raphael Diaz
Title
Head of School
Phone
4015339100
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
11
Volunteers
0

Preparer

Firm
Parmelee Poirier & Associates LLP
Address
469 Centerville Road Suite 203, Warwick, RI 02886
Preparer
Bernard a Poirier CPA
Phone
4017380010
Supplemental Narrative

Additional Explanations

Pt VI, Line 15B

“Salary adjustments are not automatic and are dependent upon the approval of the annual budget by the Board of Directors and the employee's performance and job responsibilities. The Head of School may recommend no increase depending on the employee's performance or the salary level of the position. Special salary adjustments may be made at the time of a promotion, demotion, for increased job responsibilities or based on market modifications. Salaries are generally reviewed annually. Any salary increase is based on merit and The Hope Academy's fiscal condition.”

Pt VI, Line 15A

“The superintendent evaluates the Head of School and recommends merit increases as a result.”

Pt VI, Line 12C

“All new employees sign a written conflict of interest statement at the time of hire. Conflict of interest is discussed at the orientation all new employees go through before they begin work. Employees are required to disclose conflicts of interests as they arise.”

Pt VI, Line 11B

“The 990 is reviewed by officers and ratified by the full board of directors.”

Pt XI

“Hope Academy began the year with a bank account of cash overdrawn by $617. The $617 was for bank service fees. At this point in time, the organization did not yet receive any funding and was able to successfully negotiate the removal these service charges later within the fiscal year.”

Form 990, Part IX, Line 24F

“Misc 24484. 22198. 2286. 0.”

Financial Statement Notes

Pt IV, Line 2B

“The hope academy is a custodian for student activity funds. Money is received from students and the pto organization to be held for future activities.”

Raw XML AppendixShowing 400 of 443 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt038230
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt045313
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE HOPE ACADEMY IS COMMITTED TO AN EDUCATIONAL MODEL FOCUSING ON THE ACADEMIC AND SOCIAL SUCCESS OF EACH INDIVIDUAL, PREPARING STUDENTS TO MEET THE CHALLENGES OF SECONDARY EDUCATION AND TO BECOME LIFELONG LEARNERS.
IRS990/AllOtherContributionsAmt01100
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02286
IRS990/AllOtherExpensesGrp/ProgramServicesAmt022198
IRS990/AllOtherExpensesGrp/TotalAmt024484
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HOPE ACADEMY
IRS990/BooksInCareOfDetail/PhoneNum04015339192
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 EDDY ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002905
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt029024
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt080487
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt092308
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0172795
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0400
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02967
IRS990/ConferencesMeetingsGrp/TotalAmt03367
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0644507
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0422046
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0167501
IRS990/CYRevenuesLessExpensesAmt08545
IRS990/CYSalariesCompEmpBnftPaidAmt0381417
IRS990/CYTotalExpensesAmt0803463
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0812008
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0CHARTER SCHOOL EDUCATIONAL SERVICES THE HOPE ACADEMY'S PRIMARY SERVICE IS TO PROVIDE PUBLIC EDUCATION TO RESIDENTS OF PROVIDENCE AND NORTH PROVIDENCE. ADMISSION IS BASED ON A LOTTERY SYSTEM AND TUITIONS ARE BILLED TO THE CITY/TOWN IN WHICH THE STUDENT RESIDES. THE HOPE ACADEMY FOSTERS AN INCLUSIVE ENVIRONMENT BY EXPOSING CHILDREN TO THOSE WHO ARE DIFFERENT FROM THEMSELVES AT AN EARLY AGE. THE SCHOOL RENTS SPACE FROM MEETING STREET, A PRIVATE INSTITUTION OF LEARNING THAT HAS BEEN RECOGNIZED AS A LEADER IN SERVICING STUDENTS WITH DISABILITIES. GROWING UP ALONGSIDE CHILDREN THAT ARE DIFFERENT THAN THEMSELVES WILL INCITE INCLUSIVITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/EOYAmt0667
IRS990/ExpenseAmt0679769
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05878
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt05878
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0MAYOR CHARLES A LOMBARDI
IRS990/Form990PartVIISectionAGrp/PersonNm1MAYOR JORGE O ELORZA
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm3BIANCA RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4AMANDA MCMULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL A ROCCHIO MD
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID SLUTER
IRS990/Form990PartVIISectionAGrp/PersonNm7MATTHEW HARVEY
IRS990/Form990PartVIISectionAGrp/PersonNm8DEANA TINEO
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL DERAGON
IRS990/Form990PartVIISectionAGrp/PersonNm10RAPHAEL DIAZ
IRS990/Form990PartVIISectionAGrp/PersonNm11MARGARET KNOWLTON
IRS990/Form990PartVIISectionAGrp/PersonNm12DONNA DIMERY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt118077
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1279615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ELECTED PARENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8ELECTED PARENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9ELECTED PARENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CURRENT HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt11SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12FORMER HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0643407
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0812008
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE HOPE ACADEMY IS COMMITTED
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-617
IRS990/NetAssetsOrFundBalancesEOYAmt08545
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06209
IRS990/OccupancyGrp/ProgramServicesAmt055884
IRS990/OccupancyGrp/TotalAmt062093
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010255
IRS990/OfficeExpensesGrp/ProgramServicesAmt061866
IRS990/OfficeExpensesGrp/TotalAmt072121
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0617
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013653
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013653
IRS990/OtherExpensesGrp/Desc0MAINTENANCE & REPAIR
IRS990/OtherExpensesGrp/Desc1OTHER PROF SVCS
IRS990/OtherExpensesGrp/Desc2OTHER OPERATIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01469
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33904
IRS990/OtherExpensesGrp/ProgramServicesAmt029132
IRS990/OtherExpensesGrp/ProgramServicesAmt1143647
IRS990/OtherExpensesGrp/ProgramServicesAmt275951
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt030601
IRS990/OtherExpensesGrp/TotalAmt1143647
IRS990/OtherExpensesGrp/TotalAmt275951
IRS990/OtherExpensesGrp/TotalAmt33904
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0174167
IRS990/OtherSalariesAndWagesGrp/TotalAmt0174167
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt019980
IRS990/PayrollTaxesGrp/TotalAmt019980
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0822
IRS990/PensionPlanContributionsGrp/TotalAmt0822
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037613
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022958
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02543
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0RAPHAEL DIAZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITIONS
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SALES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0165317
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12184
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOOL FOOD SERVICE FUND THE HOPE ACADEMY PROVIDES BREAKFAST & LUNCH FOR ITS STUDENTS. FEES ARE ASSESSED BASED ON INCOME LEVEL. REVENUES ALSO COME FROM FEDERAL PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012806
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012369
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt08545
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0799639
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AdditionsDuringYearAmt0667
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EndingBalanceAmt0667
IRS990ScheduleD/ExpensesSubtotalAmt0803463
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/RevenueSubtotalAmt0812008
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE HOPE ACADEMY IS A CUSTODIAN FOR STUDENT ACTIVITY FUNDS. MONEY IS RECEIVED FROM STUDENTS AND THE PTO ORGANIZATION TO BE HELD FOR FUTURE ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/TotalExpensesPerForm990Amt0803463
IRS990ScheduleD/TotalRevenuePerForm990Amt0812008
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0812008
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0803463
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0HOPE ACADEMY COMMUNICATES ITS RACIALLY NONDISCRIMINATORY POLICY DIRECTLY ON THE APPLICATION FOR ADMISSION. HOPE ACADEMY COMMUNICATES ITS RACIALLY NONDISCRIMINATORY POLICY DIRECTLY ON THE APPLICATION FOR ADMISSION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt14B - THE HOPE ACADEMY DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL ASSISTANCE. IT IS A PUBLIC SCHOOL WITHOUT TUITIONS;ADMISSION IS BASED ON LOTTERY. THE HOPE ACADEMY HAVE NOT, AS OF YET, SOLICITED CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVED A CHARTER SCHOOL PLANNING & IMPLEMENTATION GRANT FROM FEDERAL SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt079615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt079615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DONNA DIMERY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt079615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt079615
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Salary adjustments are not automatic and are dependent upon the approval of the annual budget by the Board of Directors and the employee's performance and job responsibilities. The Head of School may recommend no increase depending on the employee's performance or the salary level of the position. Special salary adjustments may be made at the time of a promotion, demotion, for increased job responsibilities or based on market modifications. Salaries are generally reviewed annually. Any salary increase is based on merit and The Hope Academy's fiscal condition.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The superintendent evaluates the Head of School and recommends merit increases as a result.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All new employees sign a written conflict of interest statement at the time of hire. Conflict of interest is discussed at the orientation all new employees go through before they begin work. Employees are required to disclose conflicts of interests as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is reviewed by officers and ratified by the full board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Hope Academy began the year with a bank account of cash overdrawn by $617. The $617 was for bank service fees. At this point in time, the organization did not yet receive any funding and was able to successfully negotiate the removal these service charges later within the fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISC 24484. 22198. 2286. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt037613
IRS990/TotalAssetsEOYAmt054525
IRS990/TotalAssetsGrp/BOYAmt037613
IRS990/TotalAssetsGrp/EOYAmt054525
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0644507
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0110888
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0692575
IRS990/TotalFunctionalExpensesGrp/TotalAmt0803463
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038230
IRS990/TotalLiabilitiesEOYAmt045980
IRS990/TotalLiabilitiesGrp/BOYAmt038230
IRS990/TotalLiabilitiesGrp/EOYAmt045980
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-617
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08545
IRS990/TotalProgramServiceExpensesAmt0692575
IRS990/TotalProgramServiceRevenueAmt0167501
IRS990/TotalReportableCompFromOrgAmt087692
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0167501
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0812008

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
$54,525
Liabilities
$45,980
Net assets
$8,545
Revenue
$812,008
Expenses
$803,463
Net income
$8,545
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$2.81$2.21$6.55$6.41$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$3.86$2.07$6.38$5.74$0.64
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.17$1.47$5.15$4.96$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.30$1.28$4.61$4.17$0.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.59$0.84$3.55$3.38$0.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.20$0.67$2.99$2.79$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.15$0.47$2.23$2.07$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$1.65$1.45$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$1.16$1.18$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.01$0.81$0.80$0.01