Civic Intelligence

Parallel Hope Schools Inc

EIN 82-3717614 • 501(c)3 • Rockville, MD

Profile

Parallel Hope Schools, Inc. will be a place for the purposeful education of children and will work to establish schools designed to train and educate children for success in their own purpose, using the tools through which they best learn, and will educate and prepare students for a career or college and life. Parallel Hope Schools, Inc., will provide a safe and loving environment for students to learn. Parallel Hope Schools, Inc., will seek excellence in all that we do.

14225 Glen Mill RdRockville, MD 20850

parallelhope.com

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

23%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

16th percentile

-51%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$7,236

Up $1,361 (+23%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$7,236

Up $1,361 (+23%) from 2024

Operations
Liabilities / Revenue61st percentileNet Margin90th percentile

Revenue

Down

$2,770

Down $2,930 (-51%) from 2024

Expenses

Down

$1,409

Down $5,970 (-81%) from 2024

Net Income

Up

$1,361

Up $3,040 (+181%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$15K$10K$5.0K$0Assets 2018: $520Liabilities 2018: $0Net Assets 2018: $5202018Assets 2019: $247Liabilities 2019: $0Net Assets 2019: $2472019Assets 2020: $1,114Liabilities 2020: $0Net Assets 2020: $1,1142020Assets 2021: $4,638Liabilities 2021: $0Net Assets 2021: $4,6382021Assets 2022: $13,432Liabilities 2022: $0Net Assets 2022: $13,4322022Assets 2023: $7,554Liabilities 2023: $0Net Assets 2023: $7,5542023Assets 2024: $5,875Liabilities 2024: $0Net Assets 2024: $5,8752024Assets 2025: $7,236Liabilities 2025: $0Net Assets 2025: $7,2362025

Highlighted filing

2025

Assets$7,236
Liabilities$0
Net Assets$7,236
Open 2025 Filing

Operations Trend

Revenue Growth16th percentile

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

$15K$10K$5.0K$0-$5.0K-$10KRevenue 2018: $1,133Expenses 2018: $613Net Income 2018: $5202018Revenue 2019: $646Expenses 2019: $920Net Income 2019: -$2742019Revenue 2020: $1,651Expenses 2020: $784Net Income 2020: $8672020Revenue 2021: $4,847Expenses 2021: $1,323Net Income 2021: $3,5242021Revenue 2022: $11,538Expenses 2022: $2,744Net Income 2022: $8,7942022Revenue 2023: $1,344Expenses 2023: $7,222Net Income 2023: -$5,8782023Revenue 2024: $5,700Expenses 2024: $7,379Net Income 2024: -$1,6792024Revenue 2025: $2,770Expenses 2025: $1,409Net Income 2025: $1,3612025

Highlighted filing

2025

Revenue$2,770
Expenses$1,409
Net Income$1,361
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$7,236
Liabilities
$0
Net assets
$7,236
Revenue
$2,770
Expenses
$1,409
Net income
$1,361
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.24$0.00$7.24$2.77$1.41$1.36
2024Detailed filing. Detailed filing data is available for this year.$5.88$0.00$5.88$5.70$7.38$1.68
2023Detailed filing. Detailed filing data is available for this year.$7.55$0.00$7.55$1.34$7.22$5.88
2022Detailed filing. Detailed filing data is available for this year.$13.4$0.00$13.4$11.5$2.74$8.79
2021Detailed filing. Detailed filing data is available for this year.$4.64$0.00$4.64$4.85$1.32$3.52
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$1.65$0.78$0.87
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.65$0.92$0.27
2018Summary only. Only limited summary data is available for this year.$0.52$0.00$0.52$1.13$0.61$0.52
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 18, 2025
Return Version
2024v5.0
Gross Receipts
$2,770
Mission and Program Overview

Mission

Parallel Hope Schools, Inc. will be a place for the purposeful education of children and will work to establish schools designed to train and educate children for success in their own purpose, using the tools through which they best learn, and will educate and prepare students for a career or college and life. Parallel Hope Schools, Inc., will provide a safe and loving environment for students to learn. Parallel Hope Schools, Inc., will seek excellence in all that we do.

Parallel Hope Schools, Inc. will be a place for the purposeful education of children and will work to establish schools designed to train and educate children for success in their own purpose, using the tools through which they best learn, and will educate and prepare students for a career or college and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,875$7,236▲ $1,361
Cap Stk Tr Prin Current Funds$5,875$7,236▲ $1,361
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$5,875$7,236▲ $1,361
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,875$7,236▲ $1,361
Total Liabilities and Net Assets / Fund Balance$5,875$7,236▲ $1,361
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Frank ClarkChair
Pius OgbeweVice Chair
Robert SilbermanBoard member
Annette LaguerreAdministrator and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,770
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$1,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$308$0$0$308
Total Functional Expenses$1,409$0$0$1,409
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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 A, Line 2

“Frank Clark is the father of Annette Laguerre, and is assisting as a board member and mentor during the start-up process.”

Form 990, Part VI, Section A, Line 8B

“Parallel Hope Schools does not currently have any committees.”

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

“The form was emailed to all board members for review. Time was allowed in a board meeting for discussing the form.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financial statements were available to the public upon request. Links to pertinent documents will be added to the organization's web page as website updates are completed.”

Filing and Contact Details

Filer

Filer Name
Parallel Hope Schools Inc
EIN
82-3717614
Phone
2405144475
Address
14225 Glen Mill Rd, Rockville, MD 20850

Signing Officer

Name
Annette Laguerre
Title
Administrator
Phone
2405144475
Signed
2025-09-18

Organization Details

Principal Officer
Annette Laguerre
Formed
2017
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
4
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IRS990/MissionDesc0Parallel Hope Schools, Inc. will be a place for the purposeful education of children and will work to establish schools designed to train and educate children for success in their own purpose, using the tools through which they best learn, and will educate and prepare students for a career or college and life. Parallel Hope Schools, Inc., will provide a safe and loving environment for students to learn. Parallel Hope Schools, Inc., will seek excellence in all that we do.
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Annette Laguerre
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Establish a curriculum and library for the educational program.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0968
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Continue to establish foundational regulations, roles, and bylaws. Completed by volunteers.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05700
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07379
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1679
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt07379
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05700
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01361
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The statement is on the organization's website as well as all brochure publications
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1No students are as of yet enrolled, nor staff on payroll, for these records to be maintained. Records will be maintained the moment students and staff are registered with the organization.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Frank Clark is the father of Annette Laguerre, and is assisting as a board member and mentor during the start-up process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Parallel Hope Schools does not currently have any committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form was emailed to all board members for review. Time was allowed in a board meeting for discussing the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All governing documents, policies, and financial statements were available to the public upon request. Links to pertinent documents will be added to the organization's web page as website updates are completed.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05875
IRS990/TotalAssetsEOYAmt07236

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