Hope Rural School Inc
- Assets
- $11.5m
- Revenue
- $2.8m
- Investments
- $8.0m
- Employees
- 31
- Location
- Indiantown, FL
- Founding
- 10/1980
- Data as of
- 06/2022
- EIN
- 59-2001615
Organization Overview
Hope Rural School Inc is located in Indiantown, FL. The organization was established in 1980. 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, Hope Rural School Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Rural School 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, Hope Rural School Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 3.0% 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
CATHOLIC EDUCATIONAL INSTITUTION FOR THE CHILDREN OF IMMIGRANTS AND FARM WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION PROGRAM (K-6) FOR IMMIGRANT FARM WORKER CHILDREN - INCLUDING MEALS. THE SCHOOL HAS APPROXIMATELY 144 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Siefker President | OfficerTrustee | 2 | $0 |
Brian Powers Vice President/treasurer | OfficerTrustee | 2 | $0 |
Amy Holley Secretary | OfficerTrustee | 2 | $0 |
Sister Elizabeth Dunn Executive Director | Officer | 40 | $0 |
Peter Upton Director | Trustee | 2 | $0 |
Judy Pierman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,000 |
| Membership dues | $0 |
| Fundraising events | $109,560 |
| Related organizations | $0 |
| Government grants | $984,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $918,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,033,964 |
| Total Program Service Revenue | $185,936 |
| Investment income | $187,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $412,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,819,798 |
| 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. | $50,349 |
| Compensation of current officers, directors, key employees. | $45,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $923,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,743 |
| Payroll taxes | $63,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,122 |
| 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 | $120,073 |
| Insurance | $37,003 |
| All other expenses | $221,569 |
| Total functional expenses | $1,773,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,165,641 |
| 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 | $1,272,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,014,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,452,966 |
| 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 | $10,489,553 |
| Net assets with donor restrictions | $963,413 |
| 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 | $11,452,966 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Rural School Inc has recieved totaling $22,600.
| Awarding Organization | Amount |
|---|---|
Loxahatchee Club Educational Foundation Inc Jupiter, FL PURPOSE: GENERAL PURPOSE | $21,600 |
The James And Robin Coogan Foundation Bronxville, NY PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $1,751,103 |
| Earnings | $188,553 |
| Other Expense | $59,196 |
| Ending Balance | $1,880,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Lakeland Christian School Inc Lakeland, FL | $60,596,367 | $29,249,240 |
Alfred B Maclay Jr Day School Tallahassee, FL | $28,425,288 | $17,967,088 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Palm Beach Day Academy Inc Palm Beach, FL | $39,954,020 | $18,116,482 |
Rabbi Harry H Epstein School Inc Sandy Springs, GA | $8,141,821 | $15,062,509 |
The Alfred And Adele Davis Academy Inc Atlanta, GA | $60,440,379 | $18,707,941 |
Stratford Academy Inc Macon, GA | $32,525,377 | $15,089,989 |