Civic Intelligence

Hope Preparatory School Inc.

990 • Fiscal year 2024 • EIN 82-5514146

Aug 01, 2023 to Jul 31, 2024 • Filed on Nov 25, 2024

Organization ProfileHOPEPREPSCHOOL.ORG
PO Box 5144Kinston, NC 28503

(252) 549-4164

Siviq Scores

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

Liabilities / Assets

51st percentile

0.09x

Higher debt load relative to assets than 51% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.03x

Higher debt load relative to revenue than 41% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$67,652

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Source year 2024

Asset Growth

71st percentile

25%

Faster asset growth than 71% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

46%

Faster revenue growth than 76% of similar nonprofits.

2024 filings • NTEE B99 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$393,660

Up $112,585 (+40%) from 2022

Net Assets

Up

$357,531

Up $76,456 (+27%) from 2022

Liabilities

Up

$36,129

Up $36,129 from 2022

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin52nd percentile

Revenue

Up

$1,217,899

Up $754,793 (+163%) from 2022

Expenses

Up

$1,177,455

Up $724,850 (+160%) from 2022

Net Income

Up

$40,444

Up $29,943 (+285%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$400K$300K$200K$100K$0Assets 2021: $270,574Liabilities 2021: $0Net Assets 2021: $270,5742021Assets 2022: $281,075Liabilities 2022: $0Net Assets 2022: $281,0752022Assets 2024: $393,660Liabilities 2024: $36,129Net Assets 2024: $357,5312024Assets 2025: $385,473Liabilities 2025: $43,853Net Assets 2025: $341,6202025

Highlighted filing

2024

Assets$393,660
Liabilities$36,129
Net Assets$357,531
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $369,273Expenses 2021: $278,076Net Income 2021: $91,1972021Revenue 2022: $463,106Expenses 2022: $452,605Net Income 2022: $10,5012022Revenue 2024: $1,217,899Expenses 2024: $1,177,455Net Income 2024: $40,4442024Revenue 2025: $1,335,878Expenses 2025: $1,351,789Net Income 2025: -$15,9112025

Highlighted filing

2024

Revenue$1,217,899
Expenses$1,177,455
Net Income$40,444
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Nov 25, 2024
Return Version
2023v5.0
Gross Receipts
$1,217,899
Mission and Program Overview

Mission

To prepare the youth of our city to thrive through a christian centered education.

To prepare the youth of our city to thrive through a christian centered educaiton.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$315,603$327,590▲ $11,987
Land, Buildings, and Equipment, Net-$41,212-
Accounts Receivable-$5,064-
Total Assets$315,603$393,660▲ $78,057
Other Assets Total-$19,794-
Liabilities
Other Liabilities-$19,794-
Accounts Payable and Accrued Expenses-$16,335-
Total Liabilities$0$36,129▲ $36,129
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$315,603$357,531▲ $41,928
Total Net Assets Fund Balance$315,603$357,531▲ $41,928
Total Liabilities and Net Assets / Fund Balance$315,603$393,660▲ $78,057

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$41,212$9,288$50,500
Other Assets Org$19,794--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diane SpearHead of SchoFT$67,652$67,652

Board Members and Trustees

NameTitle
Justin TilghmanChairman
Angelia ShepherdBoard Member
David EdwardsBoard Member
Debbie JonesBoard Member
Ryan VernonBoard Member
Tim SmithBoard Member
Herbert SpearTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,919
Program Service Revenue
$912,302
Investment Income
$13,642
Other Revenue
$49,036
All Other Contributions
$242,919
Change in Net Assets
$40,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$932,379
Other Expenses$245,076
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$659,890$116,401-$776,291
Occupancy$62,272$18,252-$80,524
Payroll Taxes$63,050$11,126-$74,176
Current Officers, Directors, Trustees, and Key Employees$57,504$10,148-$67,652
All Other Expenses$47,118$5,033-$52,151
Other Expenses$7,804$2,601-$10,405
Information Technology$7,482$2,494-$9,976
Office Expenses-$9,680-$9,680
Pension Plan Contributions$7,898$1,414-$9,312
Fees for Services Other-$9,152-$9,152
Insurance$4,784$1,594-$6,378
Depreciation Depletion$4,068$1,356-$5,424
Other Employee Benefits$4,180$768-$4,948
Advertising$2,064$688-$2,752
Total Functional Expenses$979,969$197,486$0$1,177,455
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
Operating Lease Liabilities$19,794
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board of directors reviews form 990 annually.”

Form 990, Page 6, Part VI, Line 19

“Available upon request to head of school.”

Filing and Contact Details

Filer

Filer Name
Hope Preparatory School Inc
EIN
82-5514146
Phone
2525494164
Address
PO BOX 5144, KINSTON, NC 28503

Signing Officer

Name
Justin Tilghman
Title
Chairman
Phone
2524683920
Signed
2024-11-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Tilghman
Formed
2018
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
44
Volunteers
25

Preparer

Firm
Barrow Parris & Davenport Pa
Address
PO BOX 6069, KINSTON, NC 28501-0069
Preparer
L Dock Davenport Ii CPA
Phone
2525225200
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0315603
IRS990/TotalAssetsEOYAmt0393660
IRS990/TotalAssetsGrp/BOYAmt0315603
IRS990/TotalAssetsGrp/EOYAmt0393660
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0242919
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0197486
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0979969
IRS990/TotalFunctionalExpensesGrp/TotalAmt01177455
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt036129
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt036129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0315603
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0357531
IRS990/TotalProgramServiceExpensesAmt0979969
IRS990/TotalProgramServiceRevenueAmt0912302
IRS990/TotalReportableCompFromOrgAmt067652
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0974980
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01217899
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0315603
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0393660
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02532 ARENDELL HODGES RD
IRS990/USAddress/CityNm0KINSTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028504
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HOPEPREPSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN TILGHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02524683920
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE PREPARATORY SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0825514146
ReturnHeader/Filer/PhoneNum02525494164
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5144
ReturnHeader/Filer/USAddress/CityNm0KINSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203919567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARROW PARRIS & DAVENPORT PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 6069
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KINSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0285010069
ReturnHeader/PreparerPersonGrp/PhoneNum02525225200
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L DOCK DAVENPORT II CPA
ReturnHeader/ReturnTs02024-12-09T08:13:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$393,660
Liabilities
$36,129
Net assets
$357,531
Revenue
$1,217,899
Expenses
$1,177,455
Net income
$40,444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.04$0.34$1.34$1.35$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.39$0.04$0.36$1.22$1.18$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.00$0.28$0.46$0.45$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$0.37$0.28$0.09