Civic Intelligence

The Hope Academy

990 • Fiscal year 2024 • EIN 46-4845929

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

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

82nd percentile

0.56x

Higher debt load relative to assets than 82% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.43x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

45th percentile

2.3%

Higher net margin than 45% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

42nd percentile

$111,800

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

7th percentile

-15%

Faster asset growth than 7% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

2.7%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$5,016,708

Down $905,749 (-15%) from 2023

Net Assets

Up

$2,208,027

Up $142,051 (+6.9%) from 2023

Liabilities

Down

$2,808,681

Down $1,047,800 (-27%) from 2023

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin45th percentile

Revenue

Up

$6,553,173

Up $175,170 (+2.7%) from 2023

Expenses

Up

$6,405,013

Up $663,436 (+12%) from 2023

Net Income

Down

$148,160

Down $488,266 (-77%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2024

Assets$5,016,708
Liabilities$2,808,681
Net Assets$2,208,027
Open 2024 Filing

Operations Trend

Revenue Growth39th 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

2024

Revenue$6,553,173
Expenses$6,405,013
Net Income$148,160
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$6,553,173
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$916,776$1,526,817▲ $610,041
Cash and Non-Interest-Bearing Accounts$1,220,307$718,099▼ $502,208
Accounts Receivable$424,465$229,768▼ $194,697
Prepaid Expenses and Deferred Charges$6,206$17,497▲ $11,291
Total Assets$5,922,457$5,016,708▼ $905,749
Other Assets Total$3,354,703$2,524,527▼ $830,176
Liabilities
Other Liabilities$3,384,514$2,587,494▼ $797,020
Accounts Payable and Accrued Expenses$471,967$221,187▼ $250,780
Total Liabilities$3,856,481$2,808,681▼ $1,047,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,063,135$2,251,339▲ $188,204
Net Assets With Donor Restrictions$2,841$-43,312▼ $46,153
Total Net Assets Fund Balance$2,065,976$2,208,027▲ $142,051
Total Liabilities and Net Assets / Fund Balance$5,922,457$5,016,708▼ $905,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,490,527--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nerise Beckford HolyHead of SchoolFT$111,800$111,800
Francisco RamirezOperations ManagerFT$83,578$83,578

Board Members and Trustees

NameTitle
Mayor Charles a LombardiChairperson
Mayor Brett SmileyVice Chairperson
Alfred MarcianoDirector
Maryelyn AcevedoDirector
Nazik FernandesDirector
Rose Mary GrantDirector
Bianca RodriguezDirector/founder
Zoila QuezadaElected Parent Member
John KellySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,893,051
Program Service Revenue
$1,629,319
Investment Income
$30,803
Other Revenue
$0
All Other Contributions
$14,123
Change in Net Assets
$148,160

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,553,173
Total Revenue per Audited Statements
$6,553,173
Total Revenue per Form 990
$6,553,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,905,654
Other Expenses$2,499,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,740,565$0$0$2,740,565
Occupancy$1,130,752$5,866$0$1,136,618
Fees for Services Other$869,637$1,339$0$870,976
Current Officers, Directors, Trustees, and Key Employees$0$437,221$0$437,221
Other Employee Benefits$358,562$58,858$0$417,420
Payroll Taxes$201,646$32,506$0$234,152
Fees for Services Management$0$131,837$0$131,837
Pension Plan Contributions$61,506$14,790$0$76,296
Information Technology$68,000$0$0$68,000
Insurance$0$37,646$0$37,646
All Other Expenses$33,554$0$0$33,554
Payment Travel Entrtnmnt Publicly Ofcl$28,917$0$0$28,917
Other Expenses$11,996$0$0$11,996
Fees for Services Accounting$0$5,499$0$5,499
Fees for Services Legal$0$881$0$881
Advertising$0$395$0$395
Total Functional Expenses$5,667,415$737,598$0$6,405,013

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,331,813
Total Expenses per Audited Statements$6,331,813
Total Expenses per Form 990$6,331,813
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
Lease Liability Net$1,758,594
Current Portion of Lease Liabilty$828,900
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
Head of School
Phone
4015339100
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
48
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 employees performance and job responsibilities. The Head of School may recommend no increase depending on the employees 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 Academys 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.”

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02063135
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02251339
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05866
IRS990/OccupancyGrp/ProgramServicesAmt01130752
IRS990/OccupancyGrp/TotalAmt01136618
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03354703
IRS990/OtherAssetsTotalGrp/EOYAmt02524527
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt058858
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0358562
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0417420
IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc1CHROMEBOOKS
IRS990/OtherExpensesGrp/Desc2CLASSROOM FURN & FIXTURES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010760
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0117370
IRS990/OtherExpensesGrp/ProgramServicesAmt144910
IRS990/OtherExpensesGrp/ProgramServicesAmt211996
IRS990/OtherExpensesGrp/TotalAmt0128130
IRS990/OtherExpensesGrp/TotalAmt144910
IRS990/OtherExpensesGrp/TotalAmt211996
IRS990/OtherLiabilitiesGrp/BOYAmt03384514
IRS990/OtherLiabilitiesGrp/EOYAmt02587494
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02740565
IRS990/OtherSalariesAndWagesGrp/TotalAmt02740565
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt032506
IRS990/PayrollTaxesGrp/ProgramServicesAmt0201646
IRS990/PayrollTaxesGrp/TotalAmt0234152
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014790
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt061506
IRS990/PensionPlanContributionsGrp/TotalAmt076296
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06206
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017497
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0NERISE BEFORD-JOLY
IRS990/PriorPeriodAdjustmentsAmt00
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/TotalRevenueColumnAmt01578811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250508
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/PYContributionsGrantsAmt04615139
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012601
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt028917
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt028917
IRS990/PYOtherExpensesAmt02267830
IRS990/PYProgramServiceRevenueAmt01750263
IRS990/PYRevenuesLessExpensesAmt0636426
IRS990/PYSalariesCompEmpBnftPaidAmt03473747
IRS990/PYTotalExpensesAmt05741577
IRS990/PYTotalRevenueAmt06378003
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0148160
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06553173
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0916776
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01526817
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AdditionsDuringYearAmt0-9763
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BeginningBalanceAmt09876
IRS990ScheduleD/DistributionsDuringYearAmt0687
IRS990ScheduleD/EndingBalanceAmt0-574
IRS990ScheduleD/ExpensesSubtotalAmt06331813
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt034000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12490527
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31758594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4828900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL PROTECTION PROGRAM LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OVERPAYMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LEASE LIABILITY NET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CURRENT PORTION OF LEASE LIABILTY
IRS990ScheduleD/RevenueSubtotalAmt06553173
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/TotalBookValueOtherAssetsAmt02524527
IRS990ScheduleD/TotalExpensesPerForm990Amt06331813
IRS990ScheduleD/TotalLiabilityAmt02587494
IRS990ScheduleD/TotalRevenuePerForm990Amt06553173
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06553173
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06331813
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/ExplanationTxt04b - 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 HAS NOT, AS OF YET, SOLICITED CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE HOPE 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/ExplanationTxt2THE ORGANIZATION RECEIVED A CHARTER SCHOOL PLANNING & IMPLEMENTATION GRANT FROM FEDERAL SOURCES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6b
IRS990/ScheduleJRequiredInd0false
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 employees performance and job responsibilities. The Head of School may recommend no increase depending on the employees 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 Academys 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/FormAndLineReferenceDesc0Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,016,708
Liabilities
$2,808,681
Net assets
$2,208,027
Revenue
$6,553,173
Expenses
$6,405,013
Net income
$148,160
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
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