Hope Academy Of Milford Inc
- Assets
- $3.7m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Orange, CT
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 06-1629432
Organization Overview
Hope Academy Of Milford Inc is located in Orange, CT. The organization was established in 2001. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2021, Hope Academy Of Milford Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Academy Of Milford Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hope Academy Of Milford Inc generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SERVICES TO APPROXIMATELY 75 STUDENTS WHO ARE UNABLE TO ATTEND STANDARD PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Carroll President | OfficerTrustee | 50 | $585,000 |
Bonnie Carroll Office Adm | Officer | 40 | $72,494 |
Francis Woytowich Secretary | Trustee | 4 | $0 |
Nina Delladonna Treasurer | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $671,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,509 |
| Total Program Service Revenue | $6,916,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,587,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $585,000 |
| Compensation of current officers, directors, key employees. | $585,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,197,493 |
| Pension plan accruals and contributions | $107,410 |
| Other employee benefits | $269,919 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $59,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $963,767 |
| Travel | $32,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,734 |
| Insurance | $384,697 |
| All other expenses | $20,685 |
| Total functional expenses | $6,579,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,674,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $460,502 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,386,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,249 |
| Total assets | $3,670,079 |
| Accounts payable and accrued expenses | $4,675 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,776 |
| Other liabilities | $0 |
| Total liabilities | $15,451 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,654,628 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,670,079 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Academy Of Milford Inc has recieved totaling $180.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Variety Child Learning Center Syosset, NY | $8,356,973 | $21,867,725 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
The Hagedorn Little Village School Seaford, NY | $17,101,359 | $21,155,572 |
Summit School Upper Nyack, NY | $17,974,431 | $18,614,927 |
Steppingstone Day School Inc Kew Garden Hills, NY | $5,707,568 | $18,884,905 |
Childrens Center Of Hamden Inc Hamden, CT | $5,057,304 | $17,805,585 |
Kennedy Childrens Center New York, NY | $16,208,391 | $17,351,422 |
League School Brooklyn, NY | $8,003,102 | $18,878,930 |
League School Of Greater Boston Inc Walpole, MA | $19,876,889 | $16,713,452 |
Milestones Behavioral Services Inc Orange, CT | $21,061,189 | $19,167,051 |
The Manhattan Childrens Center Inc New York, NY | $11,028,934 | $17,851,466 |
American Federation Of Teachers Yonkers, NY | $7,190,230 | $15,527,584 |