St Hope Leadership Academy
- Assets
- $5.5m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 54
- Location
- New York, NY
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-1868368
Organization Overview
St Hope Leadership Academy is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, St Hope Leadership Academy employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Hope Leadership Academy 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, St Hope Leadership Academy generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ST. HOPE LEADERSHIP ACADEMY CHARTER SCHOOL IS TO EDUCATE SELF MOLTIVATED, PRODUCTIVE, AND CRITICALLY THINKING LEADERS (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL FEATURES A RIGOROUS, STANDARDS-BASED COLLEGE PREPARATORY CURRICULUM, INTENSIVE INTERVENTIONS FOR STUDENTS WHO ARE PERFORMING BELOW GRADE LEVEL, AN EXTENDED INSTRUCTIONAL DAY AND YEAR, A DEFINED CHARACTER DEVELOPMENT PROGRAM, AND EXTENSIVE LEADERSHIP DEVELOPMENT AND COMMUNITY SERVICE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghann Persenaire Head Of School | Officer | 40 | $205,407 |
Thomas M Hoover Asst Principal(thru 6/30/2022) | 40 | $146,295 | |
Daniel Mejias Math Coach (thru 3/31/2022) | 40 | $125,314 | |
Winsome Warden Director Of Operations | 40 | $119,110 | |
Karina Perez Director, Student Affairs | 40 | $117,175 | |
Vivian Lee Business Manager | 40 | $114,452 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bioreference Laboratories Inc Lab Test | 6/29/22 | $184,552 |
North Star Marketing Marketing | 6/29/22 | $108,022 |
Charter School Business Management Financial Services | 6/29/22 | $100,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,165 |
| Total Program Service Revenue | $6,851,997 |
| Investment income | $51,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,932,205 |
| 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. | $247,242 |
| Compensation of current officers, directors, key employees. | $27,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,895,142 |
| Pension plan accruals and contributions | $185,193 |
| Other employee benefits | $471,622 |
| Payroll taxes | $320,704 |
| Fees for services: Management | $105,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,743 |
| Advertising and promotion | $8,695 |
| Office expenses | $132,186 |
| Information technology | $168,983 |
| Royalties | $0 |
| Occupancy | $5,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,734 |
| Insurance | $51,047 |
| All other expenses | $0 |
| Total functional expenses | $6,432,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,204,288 |
| Savings and temporary cash investments | $75,390 |
| Pledges and grants receivable | $877,474 |
| Accounts receivable, net | $0 |
| 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 | $17,627 |
| Net Land, buildings, and equipment | $539,800 |
| Investments—publicly traded securities | $2,739,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,454,110 |
| Accounts payable and accrued expenses | $496,401 |
| Grants payable | $0 |
| Deferred revenue | $21,009 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $517,410 |
| Net assets without donor restrictions | $4,936,700 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $5,454,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |