Hope Partnership For Education
- Assets
- $4.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Philadelphia, PA
- Founding
- 01/2003
- Data as of
- 06/2024
- EIN
- 46-0493274
Organization Overview
Hope Partnership For Education is located in Philadelphia, PA. The organization was established in 2003. 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 06/2024, Hope Partnership For Education employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Partnership For Education 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, Hope Partnership For Education generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.1m during the year ending 06/2024. While expenses have increased by 10.0% per year over the past 9 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
HOPE PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.
THE HOPE PARTNERSHIP GRADUATE SUPPORT PROGRAM IS COMMITTED TO PROVIDING A HOLISTIC SUPPORT SYSTEM FOR ALL GRADUATES. BY FOSTERING GENUINE, LONG- LASTING RELATIONSHIPS WITH ALUMNI AND THEIR FAMILIES, OUR PROGRAM IS DESIGNED TO FACILITATE A SMOOTH AND SUCCESSFUL TRANSITION INTO HIGH SCHOOL AND COLLEGE, AND DEVELOP RESPONSIBLE, AND CIVICALLY ENGAGED MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Zwwan Chairperson | OfficerTrustee | 1 | $0 |
Pamela Edwards Board Member | Trustee | 1 | $0 |
Frank Fesnak Board Member | Trustee | 1 | $0 |
Charles A Fitzpatrick IV ESQ Vice-Chair | OfficerTrustee | 1 | $0 |
David Frigeri Board Member | Trustee | 1 | $0 |
Joseph Keefer Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $306,749 |
| Related organizations | $0 |
| Government grants | $40,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,677,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,024,022 |
| Total Program Service Revenue | $822,500 |
| Investment income | $55,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,071 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,518 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,938,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $844,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,451 |
| Compensation of current officers, directors, key employees. | $47,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $971,567 |
| Pension plan accruals and contributions | $9,151 |
| Other employee benefits | $96,738 |
| Payroll taxes | $87,207 |
| 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 | $216,215 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,998 |
| Insurance | $47,001 |
| All other expenses | $62,185 |
| Total functional expenses | $3,137,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,761 |
| Savings and temporary cash investments | $1,279,514 |
| Pledges and grants receivable | $60,573 |
| 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 | $87,380 |
| Net Land, buildings, and equipment | $2,792,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,367,428 |
| Accounts payable and accrued expenses | $56,365 |
| Grants payable | $0 |
| Deferred revenue | $19,286 |
| 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 | $956,533 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,756 |
| Total liabilities | $1,093,940 |
| Net assets without donor restrictions | $3,105,135 |
| Net assets with donor restrictions | $168,353 |
| 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 | $4,367,428 |