Hope Learning Academy Foundation
- Assets
- $517.8k
- Revenue
- $33.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sylvania, OH
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2602086
Organization Overview
Hope Learning Academy Foundation is located in Sylvania, OH. The organization was established in 2014. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Learning Academy Foundation 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 12/2021, Hope Learning Academy Foundation generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $53.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Hope Learning Academy Foundation has awarded 25 individual grants totaling $421,687. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT HOPE LEARNING ACADEMY OF TOLEDO AN OHIO COMMUNITY SCHOOL FOCUSING ON SPECIAL NEEDS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENABLED THE SCHOOL WITH: CURRICULUM, COMPUTER REPAIR,CLEANING, PAINTING, UTILITIES, AND CONSTRUCTION/REMODEL OF PORTION OF SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Lavalley Director | Officer | 0.5 | $0 |
Richard G Lavalley Jr Trustee | Trustee | 0.1 | $0 |
Laurie Thornton Trustee | Trustee | 0.1 | $0 |
Elaine Lewandowski Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,000 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,063 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,658 |
| Savings and temporary cash investments | $45,136 |
| 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 | $460,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $517,794 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $57,794 |
| Paid-in or capital surplus, or land, building, or equipment fund | $460,000 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $517,794 |
Grants Awarded
Over the last fiscal year, Hope Learning Academy Foundation has awarded $53,063 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Sylvania, OH PURPOSE: utilities | $24,501 |
Sylvania, OH PURPOSE: care/maintenance | $12,645 |
Sylvania, OH PURPOSE: realty tx/misc | $7,991 |
Sylvania, OH PURPOSE: insurance | $7,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vista School Hershey, PA | $6,322,785 | $9,402,300 |
St John Vianney Center Downingtown, PA | $10,948,461 | $10,648,178 |
Benchmark School Media, PA | $22,463,904 | $10,563,762 |
United Disability Services Inc Akron, OH | $14,431,720 | $8,204,712 |
Sycamore School Inc Indianapolis, IN | $14,641,130 | $8,887,687 |
Pace School Pittsburgh, PA | $7,387,935 | $8,521,268 |
The Watson Institute Friendship Academy Sewickley, PA | $13,937,811 | $9,266,356 |
Big Picture Philadelphia Philadelphia, PA | $2,290,633 | $8,610,435 |
Emerson School Inc Ann Arbor, MI | $12,947,706 | $9,936,542 |
Springer School & Center Cincinnati, OH | $14,160,630 | $8,045,731 |
Ems Inc Elkins, WV | $4,139,660 | $7,575,424 |
Adelphoi Education Inc Latrobe, PA | $4,317,408 | $8,784,432 |