Hope Community Academy
- Assets
- $7.2m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 101
- Location
- St Paul, MN
- Founding
- 09/2001
- Data as of
- 06/2021
- EIN
- 41-1975574
Organization Overview
Hope Community Academy is located in St Paul, MN. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Hope Community Academy employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Community 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, Hope Community Academy generated $9.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $9.6m during the year ending 06/2021. While expenses have increased by 3.8% 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
HOPE (HMONG OPEN PARTNERSHIP IN EDUCATION) IS A CHARTER SCHOOL SERVING STUDENTS IN K-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY/SECONDARY EDUCATION HOPE COMMUNITY ACADEMY SERVED 578 STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE IN THE 2020-2021 SCHOOL YEAR. THE SCHOOL WAS APPROVED TO EXPAND PRE-K THROUGH 12TH GRADE AND THERE WAS A BUILDING EXPANSION PROJECT DURING THE FISCAL YEAR DESPITE THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maychy Vu Executive Director | Officer | 40 | $101,788 |
Andy Grover Member/teacher | Trustee | 41 | $54,797 |
Hlies Scully Member/teacher | Trustee | 41 | $49,716 |
Zuag Lee Former Member/teacher | 40 | $47,328 | |
John Wameng Yang Chair | OfficerTrustee | 1 | $0 |
Ka Zoua Yang Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jme Transit Inc Transportation | 6/29/21 | $478,271 |
Blue Bell Enterprises Inc Food Service | 6/29/21 | $223,773 |
Ezy-ride 4u Llc Transportation | 6/29/21 | $184,121 |
Ckc Good Food Food Service | 6/29/21 | $189,092 |
Bergankdv Financial Management | 6/29/21 | $100,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,385,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $56 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,385,562 |
| Total Program Service Revenue | $0 |
| Investment income | $375 |
| 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 | $615 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,388,548 |
| 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. | $302,474 |
| Compensation of current officers, directors, key employees. | $164,736 |
| Compensation to disqualified persons | $57,313 |
| Other salaries and wages | $3,605,849 |
| Pension plan accruals and contributions | $283,823 |
| Other employee benefits | $363,643 |
| Payroll taxes | $300,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,216 |
| Fees for services: Accounting | $115,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,735 |
| Advertising and promotion | $31,009 |
| Office expenses | $201,358 |
| Information technology | $284,775 |
| Royalties | $0 |
| Occupancy | $1,265,388 |
| Travel | $889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,371 |
| Interest | $2,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,633 |
| Insurance | $17,694 |
| All other expenses | $191,902 |
| Total functional expenses | $9,623,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,314,460 |
| Savings and temporary cash investments | $820,193 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,246,707 |
| 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 | $134,232 |
| Net Land, buildings, and equipment | $654,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,069,554 |
| Total assets | $7,239,866 |
| Accounts payable and accrued expenses | $704,322 |
| 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 | $81,857 |
| Unsecured mortgages and notes payable | $909,487 |
| Other liabilities | $7,089,196 |
| Total liabilities | $8,784,862 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$2,117,859 |
| Paid-in or capital surplus, or land, building, or equipment fund | $572,863 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,239,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Des Moines Christian School Urbandale, IA | $33,454,159 | $19,777,183 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |
Marty Indian School Board Inc Marty, SD | $22,784,414 | $13,798,378 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |