Chicago Hope Academy
- Assets
- $40.0m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 69
- Location
- Chicago, IL
- Founding
- 04/2000
- Data as of
- 06/2021
- EIN
- 36-4244054
Organization Overview
Chicago Hope Academy is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Chicago Hope Academy employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Hope 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 06/2021, Chicago Hope Academy generated $17.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 9.8% per year over the past 6 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
ACADEMY HELPS APPROXIMATELY 180 STUDENTS, NINTH THROUGH TWELVTH GRADES, STRIVING FOR EXCELLENCE TO SPIRITUAL, DEVELOPMENT, ACADEMICS AND ATHLETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN PREPARATORY HIGH SCHOOL
CHRISTIAN PREPARATORY HIGH SCHOOL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Muzikowski Prior President | Trustee | 60 | $87,500 |
Walter Johnson Director | Trustee | 5 | $79,907 |
Kevin Drewyer Building Manager | Officer | 50 | $74,945 |
Isaiah Muzikowski Interim President | Trustee | 50 | $66,564 |
Tina Muzikowski Head Of School | OfficerTrustee | 40 | $52,500 |
Jim Sharman Director | Trustee | 1 | $0 |
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 | $13,570,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,570,207 |
| Total Program Service Revenue | $1,753,189 |
| Investment income | $301,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $683,338 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,748,373 |
| 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. | $361,416 |
| Compensation of current officers, directors, key employees. | $145,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,966,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $268,753 |
| Payroll taxes | $185,624 |
| Fees for services: Management | $156,749 |
| 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 | $0 |
| Advertising and promotion | $276,068 |
| Office expenses | $0 |
| Information technology | $84,171 |
| Royalties | $0 |
| Occupancy | $306,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,226 |
| Interest | $155,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $752,695 |
| Insurance | $99,477 |
| All other expenses | $74,674 |
| Total functional expenses | $7,357,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,375,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,018,215 |
| Accounts receivable, net | $346,158 |
| 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 | $0 |
| Net Land, buildings, and equipment | $23,364,932 |
| Investments—publicly traded securities | $3,309,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $599,812 |
| Total assets | $40,014,679 |
| Accounts payable and accrued expenses | $434,998 |
| Grants payable | $0 |
| Deferred revenue | $84,427 |
| 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 | $6,981,548 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,500,973 |
| Net assets without donor restrictions | $32,013,706 |
| Net assets with donor restrictions | $500,000 |
| 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 | $40,014,679 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Chicago Hope Academy has recieved totaling $547,897.
| Awarding Organization | Amount |
|---|---|
Vranos Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $100,000 |
Moglia Family Foundation Bellevue, NE PURPOSE: GENERAL PURPOSE | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $60,500 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $50,000 |
Foglia Family Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
Hilda E Bretzlaff Foundation Inc Milford, MI PURPOSE: EDUCATION | $37,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
National Federation Of State High School Associations Indianapolis, IN | $27,763,480 | $13,615,729 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |