The International Academy Of Hope
- Assets
- $17.6m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 201
- Location
- New York, NY
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 46-3901238
Organization Overview
The International Academy Of Hope is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, International Academy Of Hope employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Academy Of Hope 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 06/2022, International Academy Of Hope generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $13.7m during the year ending 06/2022. While expenses have increased by 8.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM THE MANNER IN WHICH EDUCATIONAL SERVICES ARE DELIVERED TO STUDENTS WITH BRAIN INJURIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES ARE DELIVERED WITHIN A WARM, NURTURING SCHOOL EVIRONMENT BY EDUCATORS, RESEARCHERS, AND TRAINERS WITH AN UNPARALLELED CONCENTRATION OF EXPERTISE IN BRAIN INJURY. THE SCHOOL OPERATES ON A YEAR-ROUND, FULL-DAY BASIS. IHOPE EMBRACES AND MODELS THE HALLMARKS OF EXCEPTIONAL EDUCATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Putnam Director | Trustee | 1 | $0 |
Hope Levy Director | Trustee | 1 | $0 |
Irene Cavanagh Director | Trustee | 1 | $0 |
Kevin Carey Chairman/cfo | OfficerTrustee | 1 | $0 |
George Contos CEO | Officer | 1 | $0 |
Shani Chill Executive Director | Officer | 40 | $151,382 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beacon Protection Groupllc Security And Phone Services | 6/29/22 | $353,655 |
Stroock & Stroock & Lavan Llp Legal Services | 6/29/22 | $273,797 |
Law Offices Of Irina Rollerpllc Legal Services | 6/29/22 | $142,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,403,876 |
| Government grants | $770,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,955 |
| Noncash contributions included in lines 1a–1f | $10,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,743,776 |
| Total Program Service Revenue | $16,278,067 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$171,333 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,933,969 |
| 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. | $209,402 |
| Compensation of current officers, directors, key employees. | $209,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,650,422 |
| Pension plan accruals and contributions | $111,760 |
| Other employee benefits | $880,387 |
| Payroll taxes | $746,368 |
| Fees for services: Management | $1,079,135 |
| 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 | $610,807 |
| Advertising and promotion | $0 |
| Office expenses | $200,595 |
| Information technology | $31,360 |
| Royalties | $0 |
| Occupancy | $961,092 |
| Travel | $1,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $134,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,488 |
| Insurance | $63,474 |
| All other expenses | $771 |
| Total functional expenses | $13,653,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $627,667 |
| Pledges and grants receivable | $292,919 |
| Accounts receivable, net | $13,817,786 |
| 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 | $214,028 |
| Net Land, buildings, and equipment | $2,419,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,119 |
| Total assets | $17,556,866 |
| Accounts payable and accrued expenses | $1,151,345 |
| Grants payable | $0 |
| Deferred revenue | $5,850 |
| 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 | $3,571,415 |
| Total liabilities | $4,728,610 |
| Net assets without donor restrictions | $12,820,030 |
| Net assets with donor restrictions | $8,226 |
| 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 | $17,556,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The International Academy Of Hope New York, NY | $17,556,866 | $18,933,969 |
Tisch Multiple Sclerosis Research Center Of New York Inc New York, NY | $34,331,783 | $10,932,221 |
Ibrea Foundation New York, NY | $1,363,386 | $405,337 |
Apbd Research Foundation Brooklyn, NY | $557,383 | $405,243 |
Bounce Out The Stigma Project Inc Allendale, NJ | $32,989 | $0 |
Mind Your Brain Berwyn, PA | $132,736 | $133,198 |
Nci Clinical Research Foundation Inc Somerset, NJ | $11,327 | $104,833 |
Pierce Family Fragile X Foundation Inc Winchester, MA | $40,753 | $0 |
Charles Maddock Foundation New York, NY | $0 | $391 |
Neuronetworks Fund Inc New Canaan, CT | $156,501 | $0 |
Jess Fin Foundation Zionsville, PA | $11,847 | $29,775 |
Irene & Eric Simon Brain Research Foundation Inc Sparta, NJ | $311,547 | $0 |
Brain Injury Foundation Bala Cynwyd, PA | $630 | $100 |
Broderick Brain Foundation Bronx, NY | $1,095 | $159 |
Bryces Bridge Of Hope Thorofare, NJ | $5,744 | $0 |
Cure Developmental Brain Defects Now Foundation New York, NY | $149 | $0 |
A Round Fore Awareness Inc Southbury, CT | $0 | $0 |