Generation Of Hope Academy Inc
- Assets
- $696.0k
- Revenue
- $632.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Orlando, FL
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 47-2486198
Organization Overview
Generation Of Hope Academy Inc is located in Orlando, FL. The organization was established in 2016. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Generation Of Hope Academy Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generation Of Hope Academy Inc 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, Generation Of Hope Academy Inc generated $632.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $648.1k during the year ending 06/2022. While expenses have increased by 41.4% per year over the past 7 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
GENERATION OF HOPE ACADEMY, INC. IS AN INSTITUTION WHOSE MISSION IS TO PROVIDE KNOWLEDGE THROUGH AN EDUCATIONAL CURRICULUM THAT SEEKS TO BALANCE TEACHING WITH A CHRISTIAN FOUNDATION CENTERED ON THE WORD OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATION OF HOPE ACADEMY, INC. WAS ABLE TO PROVIDE KNOWLEDGE THROUGH AN EDUCATIONAL CURRICULUM THAT SEEKS TO BALANCE TEACHING WITH A CHRISTIAN FOUNDATION CENTERED ON THE WORD OF GOD. THE ACADEMY CONTINUES TO HELP IN THE MORAL AND EMOTIONAL DEVELOPMENT OF ITS STUDENTS IN ORDER TO EMPOWER A GENERATION OF HOPE.THE ACADEMY CONTINUES TO RAISE A GENERATION OF STUDENT LEADERS COMMITTED TO BIBLICAL AND EDUCATIONAL VALUES FOR THE PURPOSE OF ACHIEVING A BETTER WORLD.THE ACADEMY OFFERED EDUCATION FROM KINDERGARTEN TO 12TH GRADE AND THE TOTAL STUDENT BODY CONSISTED OF 85 CHILDREN FOR THE SEVENTH YEAR OF OPERATIONS, SCHOOL YEAR 2021-2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ephrain Padilla President | OfficerTrustee | 40 | $64,160 |
Milka Padilla Vice President | Officer | 40 | $61,760 |
Maritza Sanchez Treasurer | Officer | 2 | $0 |
Maria Ojeda Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $632,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,640 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| 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 | $632,667 |
| 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. | $125,920 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,379 |
| Pension plan accruals and contributions | $2,350 |
| Other employee benefits | $41,643 |
| Payroll taxes | $37,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,941 |
| Advertising and promotion | $484 |
| Office expenses | $32,426 |
| Information technology | $206 |
| Royalties | $0 |
| Occupancy | $43,912 |
| Travel | $216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,050 |
| Insurance | $23,014 |
| All other expenses | $0 |
| Total functional expenses | $648,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,931 |
| Savings and temporary cash investments | $0 |
| 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 | $3,391 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $49,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,617 |
| Other assets | $184,822 |
| Total assets | $695,961 |
| 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 | $5,052 |
| Total liabilities | $5,052 |
| Net assets without donor restrictions | $690,909 |
| Net assets with donor restrictions | $0 |
| 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 | $695,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
The Hebrew Day School Of Broward County Inc Davie, FL | $31,151,205 | $23,429,832 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |