New Hope Educational Institute Inc

Organization Overview

New Hope Educational Institute Inc, operating under the name New Hope Academy, is located in Landover Hills, MD. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, New Hope Academy employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Academy 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 06/2023, New Hope Academy generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

INDEPENDENT SCHOOL GRADES PRE-K3 - 12TH WITH EDUCATIONAL OUTREACH PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELEMENTARY & SECONDARY EDUCATION, GENERAL/OTHER SCHOOL OFFERING STUDENTS PRE-K3 THROUGH 12TH GRADE A FULL STATE-ACCREDITED CURRICULUM, INCLUDING MUSIC, ART, AND FOREIGN LANGUAGE, WITH AN EMPHASIS ON CHARACTER DEVELOPMENT AS WELL AS BEFORE & AFTER SCHOOL PROGRAMS AND A SUMMER PROGRAM (163 STUDENTS).


PARTNERSHIPS IN EDUCATION PROGRAMS GAMBIA PROJECT - PROVIDING SCHOLARSHIPS TO HIGH SCHOOL STUDENTS, ELEMENTARY STUDENTS, AND UNIVERSITY STUDENTS ALNG WITH EDUCATIONAL PROGRAMS IN THE GAMBIA SUPPORTING SERVICES TRAVEL TO GAMBIA ALONG WITH THE COST OF SERVICE PROJECT AND SUPPLIES AND MEDICAL EQUIPMENT.


EXTRACURRICULAR PROGRAMS INCLUDING AFTER SCHOOL DANCE AND SPORTS WHICH EMPHASIZE PHYSICAL FITNESS AND TEAM-BUILDING SKILLS. STUDENTS DEVELOP SKILLS AND PARTICIPATE IN GAMES WITH STUDENTS FROM OTHER SCHOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Joy Morrow
President/pr
$72,959
Kim Dadachanji
Board Member
$44,868
Karen Wilkening
Board Member
$47,315
Aisha Faison
Board Member
$46,432
Beverly Berndt
Board Member
$54,026
Diallo Crenshaw
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $506,347
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$506,347
Total Program Service Revenue$1,905,293
Investment income $12,150
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 $2,423,790

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