High Hopes Inc
- Assets
- $10.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 129
- Location
- Franklin, TN
- Founding
- 02/1985
- Data as of
- 08/2023
- EIN
- 62-1210720
Organization Overview
High Hopes Inc is located in Franklin, TN. The organization was established in 1985. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2023, High Hopes Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Hopes 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 08/2023, High Hopes Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $5.1m during the year ending 08/2023. While expenses have increased by 8.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP CHILDREN, YOUTH, AND THEIR FAMILIES WITH SKILLS NECESSARY TO ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH HOPES' PEDIATRIC THERAPY CLINIC OFFERS THERAPEUTIC SERVICES TO CHILDREN AND YOUTH, AGES SIX WEEKS THROUGH YOUNG ADULT, INCLUDING PHYSICAL, OCCUPATIONAL, SPEECH-LANGUAGE AND FEEDING. WITH A FOCUS ON EARLY, INTENSIVE INTERVENTION, A TEAM OF HIGHLY-EDUCATED AND EXPERIENCED THERAPISTS GIVE EACH CHILD SPECIALIZED, ONE-ON-ONE CARE, EMPOWERING THEM TO EMERGE INTO ADULTHOOD WITH GREATER SKILLS TO BECOME INDEPENDENT CITIZENS IN THEIR COMMUNITIES. DURING THE 2022-2023 FISCAL YEAR, HIGH HOPES SERVED 996 CHILDREN WITH 35,488 THERAPY SESSIONS.
THE INCLUSIVE PRESCHOOL AT HIGH HOPES OFFERS QUALITY ACADEMIC PROGRAMMING AS WELL AS SUPERIOR PRESCHOOL CARE FOR CHILDREN, AGES SIX WEEKS THROUGH PRE-K. WITH HIGHLY QUALIFIED TEACHERS IN ALL CLASSROOMS, CHILDREN GAIN SKILLS IN ALL AREAS, RANGING FROM ACADEMIC SUBJECTS TO DEVELOPMENTALLY-APPROPRIATE SOCIAL SKILLS. WITH AN INCLUSIVE ATMOSPHERE OF BOTH TYPICALLY-DEVELOPING CHILDREN AND THOSE WITH SPECIAL NEEDS, STUDENTS ALSO LEARN LIFE LESSONS OF ACCEPTANCE, TOLERANCE, APPRECIATION, AND TRUE FRIENDSHIP. DURING THE 2022-2023 FISCAL YEAR, 163 CHILDREN RECEIVED 151,800 INSTRUCTIONAL HOURS IN OUR INCLUSIVE PRESCHOOL. A LICENSED NURSE IS ONSITE DURING THE SCHOOL DAY FOR BOTH PRESCHOOL AND KINDERGARTEN CHILDREN.
THE INCLUSIVE KINDERGARTEN AT HIGH HOPES PROVIDES EDUCATION THROUGH A STATE APPROVED, PRIVATE KINDERGARTEN PROGRAM. THE TENNESSEE CERTIFIED TEACHER UTILIZED A BALANCED APPROACH TO READING AND MATH INSTRUCTION, UTILIZING A CURICULUM TIED TO THE STATE OF TENNESSEE ELA AND MATH STANDARDS AND. THIS YEAR'S CLASS INCLUDED TEN CHILDREN, TAUGHT BY AN EXPERIENCED TEACHER AND A FULL-TIME INSTRUCTIONAL TEACHER ASSISTANT. A LICENSED NURSE IS ONSITE DURING THE SCHOOL DAY FOR BOTH PRESCHOOL AND KINDERGARTEN CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monna Mayhall President (end 07.23) | OfficerTrustee | 6 | $0 |
Greg Freeze President (end 07.23) | OfficerTrustee | 6 | $0 |
Mike Alexander Director | Trustee | 2 | $0 |
Courtney Hess Secretary | OfficerTrustee | 2 | $0 |
John Ordus Director | Trustee | 2 | $0 |
Mike Alexander Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Constructors Construction | 8/30/18 | $4,512,232 |
Practice Resource Network Inc Healthcare Billing Service | 8/30/18 | $119,121 |
Recreational Concepts Construction | 8/30/18 | $102,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $334,151 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $950,461 |
| Noncash contributions included in lines 1a–1f | $56,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,284,612 |
| Total Program Service Revenue | $3,655,013 |
| Investment income | $53,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,037 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,090,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,471 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,126 |
| Compensation of current officers, directors, key employees. | $55,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,395,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,319 |
| Payroll taxes | $266,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $651 |
| Fees for services: Accounting | $21,823 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,084 |
| Advertising and promotion | $7,381 |
| Office expenses | $21,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,242 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,071 |
| Insurance | $42,637 |
| All other expenses | $5,116 |
| Total functional expenses | $5,135,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,447 |
| Savings and temporary cash investments | $1,991,545 |
| Pledges and grants receivable | $97,684 |
| Accounts receivable, net | $181,572 |
| 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 | $2,874 |
| Net Land, buildings, and equipment | $8,286,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,639,339 |
| Accounts payable and accrued expenses | $135,478 |
| Grants payable | $0 |
| Deferred revenue | $106,017 |
| 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 | $2,230,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,769 |
| Total liabilities | $2,480,264 |
| Net assets without donor restrictions | $7,494,021 |
| Net assets with donor restrictions | $665,054 |
| 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 | $10,639,339 |