Civic Intelligence

The Hope Academy

990 • Fiscal year 2022 • EIN 46-4845929

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 14, 2022

Organization ProfileN/A

View Organization Page

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

47th percentile

0.10x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

20th percentile

0.03x

Higher debt load relative to revenue than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

43rd percentile

3.6%

Higher net margin than 43% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$114,393

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

57th percentile

3.5%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

12%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$1,642,138

Up $56,213 (+3.5%) from 2021

Net Assets

Up

$1,472,545

Up $191,105 (+15%) from 2021

Liabilities

Down

$169,593

Down $134,892 (-44%) from 2021

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin43rd percentile

Revenue

Up

$5,145,628

Up $533,196 (+12%) from 2021

Expenses

Up

$4,959,247

Up $787,952 (+19%) from 2021

Net Income

Down

$186,381

Down $254,756 (-58%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

2022

Assets$1,642,138
Liabilities$169,593
Net Assets$1,472,545
Open 2022 Filing

Operations Trend

Revenue Growth61st percentile

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

2022

Revenue$5,145,628
Expenses$4,959,247
Net Income$186,381
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$5,145,628
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 the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$783,982$910,998▲ $127,016
Accounts Receivable$228,988$434,001▲ $205,013
Cash and Non-Interest-Bearing Accounts$516,924$237,418▼ $279,506
Prepaid Expenses and Deferred Charges$22,031$25,721▲ $3,690
Total Assets$1,585,925$1,642,138▲ $56,213
Other Assets Total$34,000$34,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$304,485$169,593▼ $134,892
Other Liabilities$0$0→ $0
Total Liabilities$304,485$169,593▼ $134,892
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,278,659$1,469,764▲ $191,105
Net Assets With Donor Restrictions$2,781$2,781→ $0
Total Net Assets Fund Balance$1,281,440$1,472,545▲ $191,105
Total Liabilities and Net Assets / Fund Balance$1,585,925$1,642,138▲ $56,213

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$34,000--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca CzernickiHead of SchoolFT$114,393$114,393
Francisco RamirezOperations ManagerFT$89,978$89,978

Board Members and Trustees

NameTitle
Mayor Charles a LombardiChairperson
Mayor Jorge O ElorzaVice Chairperson
Alfred MarcianoDirector
David BenoitDirector
Frances SaadehDirector
Maryelyn AcevedoDirector
Matthew ShumateDirector
Nazik FernandesDirector
Rose Mary GrantDirector
Susan KellerDirector
Bianca RodriguezDirector/founder
Matthew Shumate-
Susan Keller-
Michael DeragonElected Parent Member
John KellySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,658,615
Program Service Revenue
$1,484,997
Investment Income
$2,016
Other Revenue
$0
All Other Contributions
$1,722
Change in Net Assets
$186,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,145,628
Total Revenue per Audited Statements
$5,145,628
Total Revenue per Form 990
$5,145,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,111,045
Other Expenses$1,848,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,281,443$0$0$2,281,443
Occupancy$849,886$59,347$0$909,233
Fees for Services Other$412,212$12,847$0$425,059
Other Employee Benefits$332,049$60,525$0$392,574
Current Officers, Directors, Trustees, and Key Employees$0$204,371$0$204,371
Payroll Taxes$151,958$31,088$0$183,046
Fees for Services Accounting$0$97,268$0$97,268
Information Technology$51,831$2,896$0$54,727
Pension Plan Contributions$40,058$9,553$0$49,611
Fees for Services Management$0$31,500$0$31,500
Insurance$0$30,232$0$30,232
All Other Expenses$25,297$821$0$26,118
Other Expenses$19,199$0$0$19,199
Payment Travel Entrtnmnt Publicly Ofcl$12,921$0$0$12,921
Fees for Services Legal$0$5,377$0$5,377
Advertising$0$956$0$956
Total Functional Expenses$4,400,918$558,329$0$4,959,247

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,954,523
Total Expenses per Audited Statements$4,954,523
Total Expenses per Form 990$4,954,523
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Program Loan$0
Overpayments$0
Misc.$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
The Hope Academy
EIN
46-4845929
Phone
4015339100
Address
1000 EDDY ST, PROVIDENCE, RI 02905

Signing Officer

Name
Nerise Bedford-joly
Title
Asst. Head of School
Phone
4015339100
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Ppa Llp
Address
469 CENTERVILLE ROAD STE 203, WARWICK, RI 02886
Preparer
Jo-Anne M Newton 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.”

Financial Statement Notes

Pt IV, Line 1B

“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 549 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0304485
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0169593
IRS990/AccountsReceivableGrp/BOYAmt0228988
IRS990/AccountsReceivableGrp/EOYAmt0434001
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 THE FUTURE.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0956
IRS990/AdvertisingGrp/ProgramServicesAmt00
IRS990/AdvertisingGrp/TotalAmt0956
IRS990/AllOtherContributionsAmt01722
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0821
IRS990/AllOtherExpensesGrp/ProgramServicesAmt025297
IRS990/AllOtherExpensesGrp/TotalAmt026118
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE HOPE ACADEMY
IRS990/BooksInCareOfDetail/PhoneNum04015339192
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 EDDY ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002905
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0516924
IRS990/CashNonInterestBearingGrp/EOYAmt0237418
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0204371
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0204371
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03658615
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02016
IRS990/CYOtherExpensesAmt01848202
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01484997
IRS990/CYRevenuesLessExpensesAmt0186381
IRS990/CYSalariesCompEmpBnftPaidAmt03111045
IRS990/CYTotalExpensesAmt04959247
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05145628
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/DonorRestrictionNetAssetsGrp/BOYAmt02781
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02781
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt04400918
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt097268
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt097268
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05377
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt05377
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt031500
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt031500
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt012847
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0412212
IRS990/FeesForServicesOtherGrp/TotalAmt0425059
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/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd1X
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0MAYOR CHARLES A LOMBARDI
IRS990/Form990PartVIISectionAGrp/PersonNm1MAYOR JORGE O ELORZA
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm3BIANCA RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4ALFRED MARCIANO
IRS990/Form990PartVIISectionAGrp/PersonNm5MATTHEW SHUMATE
IRS990/Form990PartVIISectionAGrp/PersonNm6FRANCES SAADEH
IRS990/Form990PartVIISectionAGrp/PersonNm7REBECCA CZERNICKI
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHAEL DERAGON
IRS990/Form990PartVIISectionAGrp/PersonNm9SUSAN KELLER
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID BENOIT
IRS990/Form990PartVIISectionAGrp/PersonNm11ROSE MARY GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm12MARYELYN ACEVEDO
IRS990/Form990PartVIISectionAGrp/PersonNm13NAZIK FERNANDES
IRS990/Form990PartVIISectionAGrp/PersonNm14FRANCISCO RAMIREZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7114393
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1489978
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/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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/TitleTxt7HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt8ELECTED PARENT MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14OPERATIONS MANAGER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt03656893
IRS990/GrantAmt03656893
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05145628
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02896
IRS990/InformationTechnologyGrp/ProgramServicesAmt051831
IRS990/InformationTechnologyGrp/TotalAmt054727
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt030232
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt030232
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02016
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
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 TO AN EDUCATIONAL MODEL FOCUSING ON THE ACADEMIC AND SOCIAL SUCCESS OF EACH INDIVIDUAL, PREPARING STUDENTS TO MEET THE CHALLENGES OF THE FUTURE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01281440
IRS990/NetAssetsOrFundBalancesEOYAmt01472545
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01278659
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01469764
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt059347
IRS990/OccupancyGrp/ProgramServicesAmt0849886
IRS990/OccupancyGrp/TotalAmt0909233
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt034000
IRS990/OtherAssetsTotalGrp/EOYAmt034000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt060525
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0332049
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0392574
IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc1CHROMEBOOKS
IRS990/OtherExpensesGrp/Desc2LIBRARY BOOKS
IRS990/OtherExpensesGrp/Desc3CLASSROOM FURN & FIXTURES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011548
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0136153
IRS990/OtherExpensesGrp/ProgramServicesAmt148372
IRS990/OtherExpensesGrp/ProgramServicesAmt239539
IRS990/OtherExpensesGrp/ProgramServicesAmt319199
IRS990/OtherExpensesGrp/TotalAmt0147701
IRS990/OtherExpensesGrp/TotalAmt148372
IRS990/OtherExpensesGrp/TotalAmt239539
IRS990/OtherExpensesGrp/TotalAmt319199
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02281443
IRS990/OtherSalariesAndWagesGrp/TotalAmt02281443
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031088
IRS990/PayrollTaxesGrp/ProgramServicesAmt0151958
IRS990/PayrollTaxesGrp/TotalAmt0183046
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09553
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt040058
IRS990/PensionPlanContributionsGrp/TotalAmt049611
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022031
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025721
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0REBECCA CZERNICKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITIONS
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SALES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01466432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218565
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
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/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03303490
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05303
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt012921
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt012921
IRS990/PYOtherExpensesAmt01471908
IRS990/PYProgramServiceRevenueAmt01303639
IRS990/PYRevenuesLessExpensesAmt0441137
IRS990/PYSalariesCompEmpBnftPaidAmt02699387
IRS990/PYTotalExpensesAmt04171295
IRS990/PYTotalRevenueAmt04612432
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0186381
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05145628
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0783982
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0910998
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AdditionsDuringYearAmt08247
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BeginningBalanceAmt010181
IRS990ScheduleD/DistributionsDuringYearAmt0992
IRS990ScheduleD/EndingBalanceAmt017436
IRS990ScheduleD/ExpensesSubtotalAmt04954523
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt034000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL PROTECTION PROGRAM LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OVERPAYMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISC.
IRS990ScheduleD/RevenueSubtotalAmt05145628
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 1b
IRS990ScheduleD/TotalBookValueOtherAssetsAmt034000
IRS990ScheduleD/TotalExpensesPerForm990Amt04954523
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt05145628
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05145628
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04954523
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,642,138
Liabilities
$169,593
Net assets
$1,472,545
Revenue
$5,145,628
Expenses
$4,959,247
Net income
$186,381
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
2022Detailed filing. Detailed filing data is available for this year.$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