Civic Intelligence

Parallel Hope Schools Inc.

990 • Fiscal year 2021 • EIN 82-3717614

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 31, 2021

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

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

96th percentile

316%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

194%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$4,638

Up $3,524 (+316%) from 2020

Net Assets

Up

$4,638

Up $3,524 (+316%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin94th percentile

Revenue

Up

$4,847

Up $3,196 (+194%) from 2020

Expenses

Up

$1,323

Up $539 (+69%) from 2020

Net Income

Up

$3,524

Up $2,657 (+306%) from 2020

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

2021

Assets$4,638
Liabilities$0
Net Assets$4,638
Open 2021 Filing

Operations Trend

Revenue Growth92nd 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

2021

Revenue$4,847
Expenses$1,323
Net Income$3,524
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 31, 2021
Return Version
2020v4.0
Gross Receipts
$4,847
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$1,114$4,638▲ $3,524
Cap Stk Tr Prin Current Funds$1,114$4,638▲ $3,524
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$1,114$4,638▲ $3,524
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0--
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,114$4,638▲ $3,524
Total Liabilities and Net Assets / Fund Balance$1,114$4,638▲ $3,524
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Frank ClarkChair
Jacob SchansVice Chair
Annette LaguerreAdministrator and Treasurer
Jill FreundSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,847
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,847
Change in Net Assets
$3,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,323
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
Office Expenses$250$0-$250
Advertising$90$0-$90
Other Expenses$62$0$0$62
Total Functional Expenses$1,323$0$0$1,323
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--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 also acting as a mentor in the process of initializing Parallel Hope Schools. His involvement on the board is adiing 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 not as yet established 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 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
2021-08-31

Organization Details

Principal Officer
Annette Laguerre
Formed
2017
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
2
Raw XML Appendix344 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/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/Desc0Establish an operational school program, including raising public awareness of the new school program. This is being accomplished using volunteers. Work being done is: - Filing appropriate paperwork for operation; - Determining a location for the school (retainer required); - Raising funds for the initial operating expenses and location
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Administrator and Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
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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/PrincipalOfficerNm0Annette Laguerre
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IRS990/ProgSrvcAccomActy2Grp/Desc0Establish a curriculum for the educational program. This includes expenses delayed from the 2017-2018 fiscal year.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Continue to establish foundational regulations, roles, and bylaws. Completed by volunteers.
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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
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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 adiing 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 not as yet established 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 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
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IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01323
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04847
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01114
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04638
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012228 Stoney Bottom Rd
IRS990/USAddress/CityNm0Germantown
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020874
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0http://parallelhope.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Laguerre
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Administrator
ReturnHeader/BusinessOfficerGrp/PhoneNum02405144475
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARALLEL HOPE SCHOOLS INC
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0823717614
ReturnHeader/Filer/PhoneNum02405144475
ReturnHeader/Filer/USAddress/AddressLine1Txt014225 Glen Mill Rd
ReturnHeader/Filer/USAddress/CityNm0Rockville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020850
ReturnHeader/ReturnTs02021-08-30T20:16:37-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,638
Liabilities
$0
Net assets
$4,638
Revenue
$4,847
Expenses
$1,323
Net income
$3,524
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