Civic Intelligence

Parallel Hope Schools Inc.

990 • Fiscal year 2020 • EIN 82-3717614

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 07, 2020

Organization Profileparallelhope.com
14225 Glen Mill RdRockville, MD 20850

(240) 514-4475

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

89th percentile

53%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

351%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

156%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$1,114

Up $867 (+351%) from 2019

Net Assets

Up

$1,114

Up $867 (+351%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin89th percentile

Revenue

Up

$1,651

Up $1,005 (+156%) from 2019

Expenses

Down

$784

Down $136 (-15%) from 2019

Net Income

Up

$867

Up $1,141 (+416%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$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

2020

Assets$1,114
Liabilities$0
Net Assets$1,114
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,651
Expenses$784
Net Income$867
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 7, 2020
Return Version
2019v5.0
Gross Receipts
$1,651
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$247$1,114▲ $867
Cap Stk Tr Prin Current Funds$247$1,114▲ $867
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
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$247$1,114▲ $867
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
Other Liabilities$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$247$1,114▲ $867
Total Liabilities and Net Assets / Fund Balance$247$1,114▲ $867
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Kokouvi Francis AmetodeBoard Chair
Frank ClarkVice Chair
Jacob SchansBoard Member
Annette LaguerreAdministrator and Treasurer
Jill FreundSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,651
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$521
Change in Net Assets
$867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$784
Total Fundraising Expense$55
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$488$0$0$488
Advertising$90$0$55$145
Total Functional Expenses$729$0$55$784
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
No
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 also acting as a mentor in the process of initializing Parallel Hope Schools. His involvement on the board is aiding in that initialization, and he will recuse himself from the board once the Parallel Hope Schools is established and a replacement board member is identified.”

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

“The board has yet to designate committees.”

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

“An electronic copy is sent to all board members, with time for questions or concerns during the quarterly meeting prior to filing.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financial statement 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
2020-08-07

Organization Details

Principal Officer
Francis Ametode
Formed
2017
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2
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IRS990/ActivityOrMissionDesc0Parallel 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Kokouvi Francis Ametode
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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/OtherExpensesGrp/Desc0Textbooks purchased from Abeka Books
IRS990/OtherExpensesGrp/Desc1Textbooks purchased from BJU Press
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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/PrincipalOfficerNm0Francis Ametode
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Establish a curriculum for the educational program. This includes expenses delayed from the 2017-2018 fiscal year.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0639
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/PYContributionsGrantsAmt0646
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0920
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-274
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0920
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0646
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0867
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/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The racially nondiscriminatory policy is permanently published on the organization's web page. The organization has not yet been allowed to solicit for students; however, once solicitation is allowed, this policy will be publicized in the appropriate broadcast media.
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 both 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 also acting as a mentor in the process of initializing Parallel Hope Schools. His involvement on the board is aiding in that initialization, and he will recuse himself from the board once the Parallel Hope Schools is established and a replacement board member is identified.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board has yet to designate committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An electronic copy is sent to all board members, with time for questions or concerns during the quarterly meeting prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All governing documents, policies, and financial statement 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.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,114
Liabilities
$0
Net assets
$1,114
Revenue
$1,651
Expenses
$784
Net income
$867
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