Civic Intelligence

Parallel Hope Schools Inc.

990 • Fiscal year 2023 • EIN 82-3717614

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 25, 2023

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

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-437%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-44%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-88%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$7,554

Down $5,878 (-44%) from 2022

Net Assets

Down

$7,554

Down $5,878 (-44%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin2nd percentile

Revenue

Down

$1,344

Down $10,194 (-88%) from 2022

Expenses

Up

$7,222

Up $4,478 (+163%) from 2022

Net Income

Down

-$5,878

Down $14,672 (-167%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2023

Assets$7,554
Liabilities$0
Net Assets$7,554
Open 2023 Filing

Operations Trend

Revenue Growth4th 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

2023

Revenue$1,344
Expenses$7,222
Net Income-$5,878
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 25, 2023
Return Version
2022v5.0
Gross Receipts
$1,344
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$13,432$7,554▼ $5,878
Cap Stk Tr Prin Current Funds$13,432$7,554▼ $5,878
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$13,432$7,554▼ $5,878
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$13,432$7,554▼ $5,878
Total Liabilities and Net Assets / Fund Balance$13,432$7,554▼ $5,878
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,344
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,344
Change in Net Assets
$-5,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,222
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$1,000$0$0$1,000
Total Functional Expenses$7,222$0$0$7,222
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
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 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

“No committees have as yet been established.”

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

“The form was emailed to each board member for review and approval. This process was voted on and approved during a quarterly board meeting.”

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
2023-08-25

Organization Details

Principal Officer
Annette Laguerre
Formed
2017
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4
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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, with the exception of the zoning process and the website rebuild. Work being done is: - Filing appropriate paperwork for operation; - Attempt to secure zoning for the school location; - Raising funds for the initial operating expenses and location
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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/Desc0Textbook, library, and furniture purchases
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IRS990/ProgSrvcAccomActy2Grp/Desc0Establish a curriculum and library for the educational program. This includes expenses delayed from the 2021-2022 fiscal year.
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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
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0- 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No committees have as yet been established.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The form was emailed to each board member for review and approval. This process was voted on and approved during a quarterly board meeting.
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/TotalAssetsBOYAmt013432
IRS990/TotalAssetsEOYAmt07554
IRS990/TotalAssetsGrp/BOYAmt013432
IRS990/TotalAssetsGrp/EOYAmt07554
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01344
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07222
IRS990/TotalFunctionalExpensesGrp/TotalAmt07222
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013432
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07554
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt07222
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01344
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07554
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014225 Glen Mill Road
IRS990/USAddress/CityNm0Rockville
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020850
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://parallelhope.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Annette Laguerre
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Administrator
ReturnHeader/BusinessOfficerGrp/PhoneNum02405144475
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-25
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-09-12T14:24:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,554
Liabilities
$0
Net assets
$7,554
Revenue
$1,344
Expenses
$7,222
Net income
-$5,878
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