Civic Intelligence

New Hope Christian Academy Inc.

990 • Fiscal year 2018 • EIN 62-1612178

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 19, 2019

Organization ProfileWWW.NEWHOPEMEMPHIS.ORG

View Organization Page

3000 UniversityMemphis, TN 38127

(901) 358-3183

Siviq Scores

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

Liabilities / Assets

30th percentile

0.07x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.76x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

1st percentile

-236%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$134,452

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

5th percentile

-15%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-48%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$22,148,261

Down $3,952,767 (-15%) from 2017

Net Assets

Down

$20,668,394

Down $4,087,459 (-17%) from 2017

Liabilities

Up

$1,479,867

Up $134,692 (+10%) from 2017

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin1st percentile

Revenue

Down

$1,935,072

Down $1,766,621 (-48%) from 2017

Expenses

Up

$6,508,101

Up $198,286 (+3.1%) from 2017

Net Income

Down

-$4,573,029

Down $1,964,907 (-75%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$40M$30M$20M$10M$0Assets 2011: $29,470,599Liabilities 2011: $705,848Net Assets 2011: $28,764,7512011Assets 2012: $24,518,364Liabilities 2012: $854,454Net Assets 2012: $23,663,9102012Assets 2013: $29,437,713Liabilities 2013: $834,450Net Assets 2013: $28,603,2632013Assets 2014: $33,760,532Liabilities 2014: $958,534Net Assets 2014: $32,801,9982014Assets 2015: $29,860,946Liabilities 2015: $1,160,023Net Assets 2015: $28,700,9232015Assets 2016: $26,035,887Liabilities 2016: $1,226,031Net Assets 2016: $24,809,8562016Assets 2017: $26,101,028Liabilities 2017: $1,345,175Net Assets 2017: $24,755,8532017Assets 2018: $22,148,261Liabilities 2018: $1,479,867Net Assets 2018: $20,668,3942018Assets 2019: $16,668,657Liabilities 2019: $1,562,379Net Assets 2019: $15,106,2782019Assets 2020: $10,454,322Liabilities 2020: $1,822,752Net Assets 2020: $8,631,5702020Assets 2021: $7,158,556Liabilities 2021: $1,672,172Net Assets 2021: $5,486,3842021Assets 2022: $8,079,845Liabilities 2022: $1,667,158Net Assets 2022: $6,412,6872022Assets 2023: $5,165,012Liabilities 2023: $1,554,293Net Assets 2023: $3,610,7192023Assets 2024: $6,655,629Liabilities 2024: $1,604,213Net Assets 2024: $5,051,4162024Assets 2025: $6,222,190Liabilities 2025: $1,421,472Net Assets 2025: $4,800,7182025

Highlighted filing

2018

Assets$22,148,261
Liabilities$1,479,867
Net Assets$20,668,394
Open 2018 Filing

Operations Trend

Revenue Growth5th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2011: $5,539,7652011Expenses 2012: $5,616,3092012Expenses 2013: $5,402,0502013Revenue 2014: $4,634,926Expenses 2014: $5,234,306Net Income 2014: -$599,3802014Revenue 2015: $6,299,452Expenses 2015: $5,456,499Net Income 2015: $842,9532015Revenue 2016: $5,192,562Expenses 2016: $5,857,585Net Income 2016: -$665,0232016Revenue 2017: $3,701,693Expenses 2017: $6,309,815Net Income 2017: -$2,608,1222017Revenue 2018: $1,935,072Expenses 2018: $6,508,101Net Income 2018: -$4,573,0292018Revenue 2019: $1,767,145Expenses 2019: $6,590,817Net Income 2019: -$4,823,6722019Revenue 2020: $1,763,904Expenses 2020: $6,890,783Net Income 2020: -$5,126,8792020Revenue 2021: $2,867,076Expenses 2021: $6,959,343Net Income 2021: -$4,092,2672021Revenue 2022: $8,286,801Expenses 2022: $6,998,873Net Income 2022: $1,287,9282022Revenue 2023: $5,545,067Expenses 2023: $8,347,035Net Income 2023: -$2,801,9682023Revenue 2024: $9,012,041Expenses 2024: $7,571,344Net Income 2024: $1,440,6972024Revenue 2025: $7,168,987Expenses 2025: $7,419,685Net Income 2025: -$250,6982025

Highlighted filing

2018

Revenue$1,935,072
Expenses$6,508,101
Net Income-$4,573,029
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 19, 2019
Return Version
2017v2.3
Gross Receipts
$8,235,104
Mission and Program Overview

Mission

New hope christian academy is an urban college preparatory school providing students with a challenging intellectual and spiritual education grounded in the knowledge of god as uniquely revealed in jesus christ and attested to in the scriptures.

Elementary education inner-city

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,697,728$17,778,656▼ $4,919,072
Land, Buildings, and Equipment, Net$3,179,629$3,161,895▼ $17,734
Savings and Temporary Cash Investments$3,233$807,686▲ $804,453
Cash and Non-Interest-Bearing Accounts$208,028$379,947▲ $171,919
Prepaid Expenses and Deferred Charges$8,760$18,165▲ $9,405
Accounts Receivable$3,650$1,912▼ $1,738
Total Assets$26,101,028$22,148,261▼ $3,952,767
Liabilities
Other Liabilities$1,106,195$1,241,303▲ $135,108
Accounts Payable and Accrued Expenses$238,980$238,564▼ $416
Total Liabilities$1,345,175$1,479,867▲ $134,692
Net Assets / Fund Balance
Unrestricted Net Assets$24,741,965$20,646,058▼ $4,095,907
Temporarily Rstr Net Assets$13,888$22,336▲ $8,448
Total Net Assets Fund Balance$24,755,853$20,668,394▼ $4,087,459
Total Liabilities and Net Assets / Fund Balance$26,101,028$22,148,261▼ $3,952,767

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,851,148$1,999,689$4,850,837
Equipment$74,370$436,295$510,665
Land$236,377-$236,377
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen SteinerHead of SchoolFT$120,000$14,452$134,452

Board Members and Trustees

NameTitle
Isaac ByrdChairman
Elliott PerryBoard Member
Janet GerberBoard Member
Jim DormanBoard Member
Ken BennettBoard Member
Marcus LewisBoard Member
Mike HarrisBoard Member
Murff GalbreathBoard Member
Price Morrison JrBoard Member
Russ PhillipsBoard Member
Tori ThomasBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$305,721
Program Service Revenue
$702,634
Investment Income
$890,717
Other Revenue
$36,000
All Other Contributions
$305,721
Change in Net Assets
$-4,573,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,935,072
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$485,570
Total Revenue per Audited Statements
$2,420,642
Total Revenue per Form 990
$1,935,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,902,988
Other Expenses$2,605,113
Total Fundraising Expense$189,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,773,562$171,129$78,598$3,023,289
All Other Expenses$275,974$23,684-$299,658
Payroll Taxes$239,518$19,288$9,731$268,537
Other Employee Benefits$227,832$22,310$16,006$266,148
Depreciation Depletion$199,851$35,268-$235,119
Other Expenses$180,274$31,813-$212,087
Pension Plan Contributions$159,815$19,107$4,092$183,014
Current Officers, Directors, Trustees, and Key Employees$32,400$81,000$48,600$162,000
Fees for Services Other-$50,069-$50,069
Advertising-$10,723$32,168$42,891
Insurance$31,524$5,563-$37,087
Office Expenses$3,314$13,374-$16,688
Fees for Services Accounting-$11,950-$11,950
Total Functional Expenses$5,785,360$533,546$189,195$6,508,101

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,508,101
Total Expenses per Audited Statements$6,508,101
Total Expenses per Form 990$6,508,101
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tuition Assistance Payable$1,241,303
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return preparer provided a copy of the final version of form 990 to the head of school and board of trustees before it was filed. Additionally, the head of school and board of trustees reviewed and approved the return before it was filed.”

Form 990, Part VI, Section B, Line 12C

“The board of trustees, head of school, and assistant head of school for advancement annually reviews and enforces the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The board of trustees annually reviews and sets compensation for the head of school.”

Form 990, Part VI, Section C, Line 19

“New hope christian academy provides public inspection of its financial statements or other governing documents upon request.”

Filing and Contact Details

Filer

Filer Name
New Hope Christian Academy
EIN
62-1612178
Phone
9013583183
Address
3000 UNIVERSITY, MEMPHIS, TN 38127

Signing Officer

Name
Lionel Cable
Title
Head of School
Phone
9013583183
Signed
2019-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lionel Cable
Formed
1995
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
117
Volunteers
0

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PKWY STE 200, MEMPHIS, TN 38120
Preparer
Richard a Swope CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has an audit committee that assumes responsibility for the oversight of the audit.”

Financial Statement Notes

Part X, Line 2

“Accounting principles generally accepted in the united states of america requires management of the academy to evaluate tax positions taken by the academy and recognize a tax liability (or asset) if the academy has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. Management of the academy has analyzed the tax positions taken by the academy and has concluded that, as of june 30, 2018 and 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. The academy believes it is no longer subject to income tax examinations for years prior to june 30, 2015.”

Raw XML AppendixShowing 400 of 466 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.

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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NEW HOPE CHRISTIAN ACADEMY IS AN URBAN COLLEGE PREPARATORY ELEMENTARY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING INTELLECTUAL AND CHRIST-CENTERED EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt024755853
IRS990/NetAssetsOrFundBalancesEOYAmt020668394
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-9126
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-9126
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt036000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0485570
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013374
IRS990/OfficeExpensesGrp/ProgramServicesAmt03314
IRS990/OfficeExpensesGrp/TotalAmt016688
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016006
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022310
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0227832
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0266148
IRS990/OtherExpensesGrp/Desc0TUITION ASSISTANCE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SCHOOL MEALS
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038268
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131813
IRS990/OtherExpensesGrp/ProgramServicesAmt01225152
IRS990/OtherExpensesGrp/ProgramServicesAmt1216854
IRS990/OtherExpensesGrp/ProgramServicesAmt2219290
IRS990/OtherExpensesGrp/ProgramServicesAmt3180274
IRS990/OtherExpensesGrp/TotalAmt01225152
IRS990/OtherExpensesGrp/TotalAmt1255122
IRS990/OtherExpensesGrp/TotalAmt2219290
IRS990/OtherExpensesGrp/TotalAmt3212087
IRS990/OtherLiabilitiesGrp/BOYAmt01106195
IRS990/OtherLiabilitiesGrp/EOYAmt01241303
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt078598
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0171129
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02773562
IRS990/OtherSalariesAndWagesGrp/TotalAmt03023289
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09731
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019288
IRS990/PayrollTaxesGrp/ProgramServicesAmt0239518
IRS990/PayrollTaxesGrp/TotalAmt0268537
IRS990/PensionPlanContributionsGrp/FundraisingAmt04092
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019107
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0159815
IRS990/PensionPlanContributionsGrp/TotalAmt0183014
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08760
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018165
IRS990/PrincipalOfficerNm0LIONEL CABLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOLARSHIP REVENUE & EXPENSE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0387715
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1314919
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0387715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1314919
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0388990
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02559801
IRS990/PYOtherExpensesAmt02382398
IRS990/PYOtherRevenueAmt033000
IRS990/PYProgramServiceRevenueAmt0719902
IRS990/PYRevenuesLessExpensesAmt0-2608122
IRS990/PYSalariesCompEmpBnftPaidAmt03927417
IRS990/PYTotalExpensesAmt06309815
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03701693
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4573029
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt036000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0693508
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03233
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0807686
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02851148
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01999689
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04850837
IRS990ScheduleD/EquipmentGrp/BookValueAmt074370
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0436295
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0510665
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06508101
IRS990ScheduleD/LandGrp/BookValueAmt0236377
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0236377
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0485570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01241303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TUITION ASSISTANCE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0485570
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01935072
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE ACADEMY TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ACADEMY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT OF THE ACADEMY HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMY AND HAS CONCLUDED THAT, AS OF JUNE 30, 2018 AND 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03161895
IRS990ScheduleD/TotalExpensesPerForm990Amt06508101
IRS990ScheduleD/TotalLiabilityAmt01241303
IRS990ScheduleD/TotalRevenuePerForm990Amt01935072
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02420642
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06508101
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL MEETS REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. THE SCHOOL CURRENTLY HAS A MAJORITY MINORITY PRECENTAGE OF STUDENTS ENROLLED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NEW HOPE CHRISTIAN ACADEMY PARTICIPATES IN THE TENNESSEE FOOD NUTRITION PROGRAM THAT PROVIDES BREAKFAST AND LUNCH FOR CHILDREN BASED ON INCOME ELIGIBILITY. THE STATE OF TENNESSEE SCHOOL NUTRITION PROGRAM REIMBURSES NEW HOPE FOR ALL ELIGIBLE REIMBURSABLE MEALS FOR QUALIFIED STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE HEAD OF SCHOOL AND BOARD OF TRUSTEES BEFORE IT WAS FILED. ADDITIONALLY, THE HEAD OF SCHOOL AND BOARD OF TRUSTEES REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES, HEAD OF SCHOOL, AND ASSISTANT HEAD OF SCHOOL FOR ADVANCEMENT ANNUALLY REVIEWS AND ENFORCES THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND SETS COMPENSATION FOR THE HEAD OF SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEW HOPE CHRISTIAN ACADEMY PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt013888
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt022336
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt026101028
IRS990/TotalAssetsEOYAmt022148261
IRS990/TotalAssetsGrp/BOYAmt026101028
IRS990/TotalAssetsGrp/EOYAmt022148261
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0305721
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0189195
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0533546
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05785360
IRS990/TotalFunctionalExpensesGrp/TotalAmt06508101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01345175

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,148,261
Liabilities
$1,479,867
Net assets
$20,668,394
Revenue
$1,935,072
Expenses
$6,508,101
Net income
-$4,573,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.22$1.42$4.80$7.17$7.42$0.25
2024Detailed filing. Detailed filing data is available for this year.$6.66$1.60$5.05$9.01$7.57$1.44
2023Detailed filing. Detailed filing data is available for this year.$5.17$1.55$3.61$5.55$8.35$2.80
2022Detailed filing. Detailed filing data is available for this year.$8.08$1.67$6.41$8.29$7.00$1.29
2021Detailed filing. Detailed filing data is available for this year.$7.16$1.67$5.49$2.87$6.96$4.09
2020Detailed filing. Detailed filing data is available for this year.$10.5$1.82$8.63$1.76$6.89$5.13
2019Detailed filing. Detailed filing data is available for this year.$16.7$1.56$15.1$1.77$6.59$4.82
2018Detailed filing. Detailed filing data is available for this year.$22.1$1.48$20.7$1.94$6.51$4.57
2017Detailed filing. Detailed filing data is available for this year.$26.1$1.35$24.8$3.70$6.31$2.61
2016Detailed filing. Detailed filing data is available for this year.$26.0$1.23$24.8$5.19$5.86$0.67
2015Detailed filing. Detailed filing data is available for this year.$29.9$1.16$28.7$6.30$5.46$0.84
2014Detailed filing. Detailed filing data is available for this year.$33.8$0.96$32.8$4.63$5.23$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$0.83$28.6$5.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$0.85$23.7$5.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$0.71$28.8$5.54