Civic Intelligence

Hope Christian Schools Inc

EIN 85-0244670 • 501(c)3 • Albuquerque, NM

Profile

Hope christian school is a non-denominational christian school that offers opportunities tostudents with a positive attitude toward education to progressacademically, spiritually and socially.

8005 Louisiana Blvd NEAlbuquerque, NM 87109-5647

www.hopechristianschool.org

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.48x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

1.17x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

15th percentile

-4.7%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.9%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$38,559,551

Up $3,007,684 (+8.5%) from 2023

Liabilities

Down

$10,143,142

Down $6,885,637 (-40%) from 2023

Net Assets

Up

$28,416,409

Up $9,893,321 (+53%) from 2023

Revenue

Up

$17,043,040

Up $2,509,363 (+17%) from 2023

Expenses

Up

$13,005,951

Up $778,950 (+6.4%) from 2023

Net Income

Up

$4,037,089

Up $1,730,413 (+75%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $10,945,291Liabilities 2010: $5,782,364Net Assets 2010: $5,162,9272010Assets 2011: $11,660,289Liabilities 2011: $5,945,760Net Assets 2011: $5,714,5292011Assets 2012: $12,050,449Liabilities 2012: $6,052,586Net Assets 2012: $5,997,8632012Assets 2013: $12,741,074Liabilities 2013: $5,859,462Net Assets 2013: $6,881,6122013Assets 2014: $13,110,025Liabilities 2014: $5,636,904Net Assets 2014: $7,473,1212014Assets 2015: $20,877,112Liabilities 2015: $12,871,705Net Assets 2015: $8,005,4072015Assets 2016: $21,109,602Liabilities 2016: $13,648,100Net Assets 2016: $7,461,5022016Assets 2017: $15,834,728Liabilities 2017: $7,996,820Net Assets 2017: $7,837,9082017Assets 2018: $21,795,308Liabilities 2018: $13,277,177Net Assets 2018: $8,518,1312018Assets 2019: $22,143,128Liabilities 2019: $12,846,114Net Assets 2019: $9,297,0142019Assets 2020: $24,328,840Liabilities 2020: $13,179,600Net Assets 2020: $11,149,2402020Assets 2021: $33,315,159Liabilities 2021: $19,710,119Net Assets 2021: $13,605,0402021Assets 2022: $37,299,109Liabilities 2022: $20,936,141Net Assets 2022: $16,362,9682022Assets 2023: $35,551,867Liabilities 2023: $17,028,779Net Assets 2023: $18,523,0882023Assets 2024: $38,559,551Liabilities 2024: $10,143,142Net Assets 2024: $28,416,4092024

Highlighted filing

2024

Assets$38,559,551
Liabilities$10,143,142
Net Assets$28,416,409

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,811,9882010Expenses 2011: $8,901,8832011Expenses 2012: $9,795,5672012Expenses 2013: $10,058,8252013Revenue 2014: $10,843,187Expenses 2014: $10,201,678Net Income 2014: $641,5092014Revenue 2015: $11,364,813Expenses 2015: $10,688,717Net Income 2015: $676,0962015Revenue 2016: $10,581,952Expenses 2016: $10,903,970Net Income 2016: -$322,0182016Revenue 2017: $11,483,421Expenses 2017: $10,942,998Net Income 2017: $540,4232017Revenue 2018: $11,799,125Expenses 2018: $11,118,903Net Income 2018: $680,2222018Revenue 2019: $11,529,489Expenses 2019: $10,600,606Net Income 2019: $928,8832019Revenue 2020: $11,915,509Expenses 2020: $9,914,633Net Income 2020: $2,000,8762020Revenue 2021: $11,674,223Expenses 2021: $9,058,423Net Income 2021: $2,615,8002021Revenue 2022: $13,469,173Expenses 2022: $10,573,528Net Income 2022: $2,895,6452022Revenue 2023: $14,533,677Expenses 2023: $12,227,001Net Income 2023: $2,306,6762023Revenue 2024: $17,043,040Expenses 2024: $13,005,951Net Income 2024: $4,037,0892024

Highlighted filing

2024

Revenue$17,043,040
Expenses$13,005,951
Net Income$4,037,089

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$10.1$28.4$17.0$13.0$4.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$17.0$18.5$14.5$12.2$2.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.3$20.9$16.4$13.5$10.6$2.90
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.3$19.7$13.6$11.7$9.06$2.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.3$13.2$11.1$11.9$9.91$2.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$12.8$9.30$11.5$10.6$0.93
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$13.3$8.52$11.8$11.1$0.68
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$8.00$7.84$11.5$10.9$0.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.1$13.6$7.46$10.6$10.9$0.32
2015Detailed filing. Detailed filing data is available for this year.$20.9$12.9$8.01$11.4$10.7$0.68
2014Detailed filing. Detailed filing data is available for this year.$13.1$5.64$7.47$10.8$10.2$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$5.86$6.88$10.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$6.05$6.00$9.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$5.95$5.71$8.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$5.78$5.16$8.81
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 13, 2018
Return Version
2016v3.1
Gross Receipts
$11,868,084
Mission and Program Overview

Mission

Hope christian school is a non-denominational christian school that offers opportunities tostudents with a positive attitude toward education to progressacademically, spiritually and socially.

Hope christian school is a non-denominational christian school that offers opportunities to students with a positive attitude towards education to progress academically, spiritually, and socially.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,298,120$8,957,093▼ $341,027
Accounts Receivable$9,092,442$3,676,168▼ $5,416,274
Cash and Non-Interest-Bearing Accounts$1,377,426$1,543,529▲ $166,103
Savings and Temporary Cash Investments$884,677$1,095,359▲ $210,682
Prepaid Expenses and Deferred Charges$61,320$56,411▼ $4,909
Intangible Assets-$23,254-
Total Assets$21,109,602$15,834,728▼ $5,274,874
Other Assets Total$395,617$482,914▲ $87,297
Liabilities
Deferred Revenue$9,330,834$4,173,102▼ $5,157,732
Other Liabilities$4,202,292$2,788,511▼ $1,413,781
Accounts Payable and Accrued Expenses$114,974$1,035,207▲ $920,233
Total Liabilities$13,648,100$7,996,820▼ $5,651,280
Net Assets / Fund Balance
Unrestricted Net Assets$6,820,342$6,742,549▼ $77,793
Temporarily Rstr Net Assets$641,160$1,095,359▲ $454,199
Total Net Assets Fund Balance$7,461,502$7,837,908▲ $376,406
Total Liabilities and Net Assets / Fund Balance$21,109,602$15,834,728▼ $5,274,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,319,753$3,970,107$7,289,860
Leasehold Improvements$1,765,759$1,874,576$3,640,335
Land$3,553,930-$3,553,930
Equipment$248,268$1,667,148$1,915,416
Other Land Buildings$69,383$27,301$96,684

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$493,822-▲ $54,069$3,418$544,473
2015$536,598-▲ $4,493$47,269$493,822
2014$543,723-▲ $37,583$44,708$536,598
2013$535,053-▲ $30,329$21,659$543,723
2012$476,925-▲ $60,900$2,772$535,053
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas MorrisSuperintendeFT$75,633$3,013$78,646
Pam LoberBusiness ManFT$54,941$2,265$57,206
James TateVice PresidePT$47,554-$47,554

Board Members and Trustees

NameTitle
Donald SwaimPresident
Dan HedgesDirector
Greg KruisDirector
Lance MilfordDirector
Tom CrowDirector
Sandi BlackSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Lighthouse Business InformationIt8100-M4 WYOMING BLVD NE, Albuquerque, NM 87113$306,785
Djc ConstructionConstructionPO BOX 10109, Albuquerque, NM 87184$151,168
Mckee Wallwork & Co LLCAdvertising1030 18TH ST NW, Albuquerque, NM 87104$140,007
Janow Academy Of Music LLCMusic Classes8531 RAVEN RIDGE DR NE, Albuquerque, NM 87113$129,635
Majestic Cleaning Co INCCleaning5131 TREVI PL NW, Albuquerque, NM 87114$113,562
Revenue and Support

Revenue Composition

Contributions and Grants
$362,471
Program Service Revenue
$11,242,246
Investment Income
$-175,109
Other Revenue
$53,813
All Other Contributions
$204,657
Change in Net Assets
$540,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,660,196
Revenue Not Reported on Financial Statements
$-176,775
Other Revenue Adjustments
$-176,775
Total Revenue per Audited Statements
$11,660,196
Total Revenue per Form 990
$11,483,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,019,903
Other Expenses$3,918,595
Total Fundraising Expense$195,259
Grants and Similar Amounts Paid$4,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,530,923$490,529$141,348$5,162,800
Other Employee Benefits$1,015,482$83,406$23,803$1,122,691
Office Expenses$352,741$206,339-$559,080
Depreciation Depletion$479,146$25,487$5,097$509,730
All Other Expenses$417,607$15,333$1,326$434,266
Payroll Taxes$363,279$35,228$10,151$408,658
Occupancy$258,749$14,635$1,402$274,786
Other Expenses$244,604$24,145$2,414$244,604
Advertising$190,287--$190,287
Current Officers, Directors, Trustees, and Key Employees$161,101$17,317$4,988$183,406
Pension Plan Contributions$124,339$13,980$4,029$142,348
Insurance$118,352$7,155$701$126,208
Fees for Services Other$24,838$82,701-$107,539
Interest$83,818$5,987-$89,805
Grants to Domestic Individuals$4,500--$4,500
Total Functional Expenses$9,725,497$1,022,242$195,259$10,942,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,119,773
Total Expenses per Audited Statements$11,119,773
Total Expenses per Form 990$10,942,998
Expenses Not Reported on Financial Statements$-176,775
Other Expense Adjustments$-176,775
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$261,701
Fundraising Direct Expenses$207,888
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Walkathon$299,627$159,576$192,528$-32,952
Gift Wrap$119,888$102,125$8,322$93,803
Total Events$419,515$261,701$207,888$53,813
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sandi WilliamsSchool EmployeeDirects the FacNo$51,337
James TateBoard VpContractor - Risk MgNo$47,870
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compass Bank Loan Payable$2,788,511
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A draft of form 990 is emailed to the board to review prior to filing and any changes are communicated to the accounting firm that prepares this form 990

Form 990, Page 6, Part VI, Line 15A

There is a compensation schedule for administration and teachers that is based on periodic research conducted by the board and administrative staff that compares salaries with other christian schools and outside information. The administrator who is on the board does not participate in discussion of his/her salary or benefits. The review process does include only the independent board members.

Form 990, Page 6, Part VI, Line 15B

There is a compensation schedule for administration and teachers that is based on periodic research conducted by the board and administrative staff that compares salaries with other christian schools and outside information. The administrator who is on the board does not participate in discussion of his/her salary or benefits. The review process does include only the independent board members.

Form 990, Page 6, Part VI, Line 19

The organization makes the documents available upon request.

Filing and Contact Details

Filer

Filer Name
Hope Christian Schools Inc
EIN
85-0244670
Phone
5058228868
Address
8005 LOUISIANA BLVD NE, ALBUQUERQUE, NM 87109-5647

Signing Officer

Name
Donald Swaim
Title
President
Phone
0050582288
Signed
2018-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Swaim
Formed
1976
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
6
Employees
311

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener
Phone
5058838788
Supplemental Narrative

Additional Explanations

Form 990, Part XI

Prior period adjustment is due to the form 990 being completed before the audit was finalized.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

In accordance with the financial assistance fund agreement, the foundation is required to invest and use the endowment and its earnings to provide financial assistance for qualifying students.

Schedule D, Page 3, Part X

The school files their federal form 990 tax returns in the u.s. Federal jurisdiction and is exempt from filing with the online charitable registration in the office of the attorney general for the state of new mexico. The school's form 990s are generally no longer subject to examination by the internal revenue service and the new mexico taxation and revenue department for fiscal years before 2014. The school is not currently under audit nor has the school been contacted by any of these jurisdictions. Management believes that they are operating within their tax-exempt purpose and properly reporting their unrelated business income in form 990-t. The school recognizes interest accrued related to unrecognized tax benefits in interest expenses and penalties in operating expenses, when applicable. No provision for the effects of uncertain tax positions has been recorded for the years ended may 31, 2017 or 2016.

Schedule D, Page 4, Part XI, Line 4B

Loss on sale of assets net with expense in audit -176,775

Schedule D, Page 4, Part XII, Line 4B

Loss on sale of asset net with expense in audit -176,775

Raw XML AppendixShowing 400 of 611 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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