Hope Mark Inc
- Assets
- $86.2k
- Revenue
- $291.9k
- Investments
- $0.0
- Employees
- 17
- Location
- Saint Louis, MO
- Founding
- 12/1973
- Data as of
- 06/2024
- EIN
- 43-0969731
Organization Overview
Hope Mark Inc, operating under the name Hopemark Preschool, is located in Saint Louis, MO. The organization was established in 1973. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Hopemark Preschool employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopemark Preschool 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 06/2024, Hopemark Preschool generated $291.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $254.4k during the year ending 06/2024. While expenses have increased by 8.7% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
AT HOPEMARK PRESCHOOL, OUR PARAMOUNT MISSION IS TO FOSTER A STIMULATING, NURTURING, AND SECURE ENVIRONMENT DEDICATED TO THE OPTIMAL DEVELOPMENT OF PRESCHOOL-AGE CHILDREN. WE ARE DRIVEN BY THE ASPIRATION TO ENCOURAGE EMOTIONAL, SOCIAL, COGNITIVE AND PHYSICAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY SERVICE IS TO PROVIDE A PART-TIME PRESCHOOL CLASS FOR CHILDREN AGES 3, 4, AND 5 YEARS OLD. DURING THE 2023-2024 SCHOOL YEAR, WE WERE ABLE TO SERVE 79 CHILDREN AND THEIR FAMILIES WITH A STAFF OF 7 CLASSROOM TEACHERS, 3 LUNCHBUNCH TEACHERS, 1 DIRECTOR, AND 1 MUSIC TEACHER. TUITION IS OUR BIGGEST SOURCE OF REVENUE, AND STAFF IS OUR LARGEST EXPENSE. OUR SCHOOL YEAR RUNS FROM AUGUST TO THE THIRD WEEK IN MAY, WITH ONE WEEK OF SUMMER CAMP IN JUNE. WE HAVE A WINTER AND SPRING BREAK. OUR CHILDREN ARE IN CLASS FOR 4 HOURS AT A TIME, WHICH INCLUDES WHOLE GROUP INSTRUCTIONAL TIME, RECESS, SMALL GROUP INSTRUCTIONAL TIME, MUSIC, CENTERS TIME, AND BROWN BAG LUNCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophie Prosser Director | OfficerTrustee | 40 | $0 |
Tara Miller Treasurer | Officer | 0.5 | $0 |
Jennifer Kamil Secretary | Officer | 0.5 | $0 |
Erin Mckernan President | Officer | 0.5 | $0 |
Amy Knox Vice President | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,641 |
| 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 | $81,641 |
| Total Program Service Revenue | $202,168 |
| 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 | $7,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,900 |
| 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. | $47,762 |
| Compensation of current officers, directors, key employees. | $47,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,922 |
| Advertising and promotion | $6,721 |
| Office expenses | $79 |
| Information technology | $1,299 |
| Royalties | $0 |
| Occupancy | $4,600 |
| Travel | $817 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,217 |
| Total functional expenses | $254,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,218 |
| Savings and temporary cash investments | $1,970 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,188 |
| Accounts payable and accrued expenses | $1,221 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,221 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $84,967 |
| 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 | $86,188 |