Hope Charter School Inc
- Assets
- $6.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 110
- Location
- Ocoee, FL
- Founding
- 09/2001
- Data as of
- 06/2022
- EIN
- 59-3711889
Organization Overview
Hope Charter School Inc is located in Ocoee, FL. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Hope Charter School Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Charter 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 Charter School Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 3.4% 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
TO IMPROVE STUDENTS' LEARNING WITH THE USE OF DIFFERENT AND INNOVATIVE LEARNING METHODS,INCREASING THE CHOICE OF LEARNING OPPORTUNITIES AND ESTABLISHING A NEW FORM OF ACCOUNTABILITY FOR SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES AN INNOVATIVE BASED LEARNING FOR STUDENTS IN GRADES KINDERGARTEN THROUGH EIGTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alana Allen Board Member | Trustee | 0.5 | $0 |
Anthony Dawkins President | OfficerTrustee | 0.5 | $0 |
Christopher Dold Board Member | Trustee | 0.5 | $0 |
Heather Fraga Board Member | Trustee | 0.5 | $0 |
Kash Ramsdale Board Member | Trustee | 0.5 | $0 |
Nicole Thomas-Tate Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $429,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,003 |
| Total Program Service Revenue | $4,012,875 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$126,215 |
| 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 | $4,516,764 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,305,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $305,711 |
| Payroll taxes | $169,829 |
| Fees for services: Management | $38,922 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,250 |
| 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 | $108,705 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,198 |
| Insurance | $89,290 |
| All other expenses | $331,348 |
| Total functional expenses | $4,072,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $289,635 |
| 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 | $10,833 |
| Net Land, buildings, and equipment | $5,360,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $455,088 |
| Total assets | $6,192,184 |
| Accounts payable and accrued expenses | $162,659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,600,991 |
| 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 | $4,763,650 |
| Net assets without donor restrictions | $0 |
| 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 | $1,428,534 |
| Total liabilities and net assets/fund balances | $6,192,184 |