Logan Hope
- Assets
- $1.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Philadelphia, PA
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 23-3052984
Organization Overview
Logan Hope is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Logan Hope employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan Hope 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 06/2022, Logan Hope generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOGAN HOPE PROVIDES AN ELEMENTARY AND MIDDLE SCHOOL, AFTER-SCHOOL PROGRAM, AND SUMMER PROGRAMS TO UNDER-SERVED CHILDREN IN THE LOGAN NEIGHBORHOOD OF PHILADELPHIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY AND MIDDLE SCHOOL - TO SUPPORT LOW-INCOME, INNER-CITY CHILDREN, OFFERING VERY SMALL CLASSES IN A HOMELIKE, NEIGHBORHOOD SETTING, ALLOWING EACH CHILD TO ACHIEVE AT HIGH EDUCATIONAL LEVELS AND GROW IN CHARACTER. LOGAN HOPE SERVED 94 CHILDREN THROUGH THIS PROGRAM FROM GRADES K-8.
AFTER-SCHOOL PROGRAM - PROVIDE HOMEWORK HELP, TUTORING, AND ENRICHMENT PROGRAMS FOR CHILDREN GRADES K-8.
SUMMER PROGRAMS:SUMMER DAY CAMP - PROVIDE A RECREATIONAL, SOCIAL AND SPIRITUAL ENRICHMENT PROGRAM FOR YOUTH K-6TH GRADES. IT INCLUDES BIBLE, CRAFTS, READING, WEEKLY TRIPS AND SWIMMING. SUMMER SCHOOL - PROVIDE SIX WEEKS OF SUPPLEMENTAL EDUCATION AND REMEDIAL INSTRUCTION IN MATH AND READING. ADDITIONAL TUTORS WORK WITH STUDENTS TO CLOSE LEARNING GAPS BETWEEN SCHOOL YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Sovocool Head Of School | Officer | 40 | $60,511 |
Paul Bradshaw Vice President | OfficerTrustee | 2 | $0 |
Deborah Hedrick President | OfficerTrustee | 5 | $0 |
Kendy Lieu Board Member | Trustee | 2 | $0 |
Cindy Rumsey Fmr. Board Mem | Trustee | 2 | $0 |
Denise Simone Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $854,053 |
| 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 | -$4,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,673,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $735,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,920 |
| Pension plan accruals and contributions | $8,399 |
| Other employee benefits | $91,837 |
| Payroll taxes | $45,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,850 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $5,099 |
| Royalties | $0 |
| Occupancy | $3,217 |
| Travel | $11,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,946 |
| Insurance | $17,866 |
| All other expenses | $0 |
| Total functional expenses | $1,638,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,608 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,433 |
| Accounts receivable, net | $2,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,043,041 |
| Accounts payable and accrued expenses | $50,209 |
| 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 | $37,751 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,960 |
| Net assets without donor restrictions | $905,016 |
| Net assets with donor restrictions | $50,065 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $955,081 |