St Hope Academy
- Assets
- $3.5m
- Revenue
- $2.5m
- Investments
- $192.0k
- Employees
- 37
- Location
- Sacramento, CA
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 68-0193050
Organization Overview
St Hope Academy is located in Sacramento, CA. The organization was established in 1994. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, St Hope Academy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St 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 06/2022, St Hope Academy generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 19.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REVITALIZE INNER-CITY COMMUNITIES THROUGH PUBLIC EDUCATION, CIVIC LEADERSHIP, ECONOMIC DEVELOPMENT, AND ARTS ENRICHMENT
Describe the Organization's Program Activity:
REVITALIZE INNER-CITY COMMUNITIES THROUGH PUBLIC EDUCATION, CIVIC LEADERSHIP, ECONOMIC DEVELOPMENT, AND ARTS ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Mossawir CEO | Officer | 40 | $323,478 |
Adrianne Hall Cpo | Officer | 40 | $118,649 |
Julian Love Cbo | Officer | 40 | $107,056 |
Riley Hyeck COO | Officer | 40 | $104,766 |
Cassandra Jennings CEO | Officer | 40 | $90,028 |
Theodore Reitermain CFO | Officer | 40 | $84,646 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiffany Fraizer Recruitment | 6/29/21 | $156,000 |
Kp Public Affairs Public Relations | 6/29/21 | $120,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,534 |
| Total Program Service Revenue | $0 |
| Investment income | $5,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $253,147 |
| 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 | $425,194 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,482,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,666 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $847,841 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,992 |
| Payroll taxes | $85,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,254 |
| Fees for services: Accounting | $17,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,954 |
| Fees for services: Other | $174,961 |
| Advertising and promotion | $105,289 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,998 |
| Travel | $9,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,098 |
| Insurance | $37,379 |
| All other expenses | $57,150 |
| Total functional expenses | $2,294,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,868 |
| Savings and temporary cash investments | $307,685 |
| Pledges and grants receivable | $8,426 |
| Accounts receivable, net | $71,482 |
| Loans from Officers, Directors, or Controlling Persons | $4,957 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $82,242 |
| Inventories for sale or use | $62,497 |
| Prepaid expenses and deferred charges | $30,099 |
| Net Land, buildings, and equipment | $1,950,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $192,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $685,687 |
| Total assets | $3,518,397 |
| Accounts payable and accrued expenses | $112,322 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| 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 | $1,069,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $263,807 |
| Total liabilities | $1,456,385 |
| Net assets without donor restrictions | $1,841,498 |
| Net assets with donor restrictions | $220,514 |
| 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 | $3,518,397 |
Grants Awarded
Over the last fiscal year, St Hope Academy has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY YEAR INC PURPOSE: GRANT ASSISTANCE | $5,000 |
WIDE OPEN WALLS PURPOSE: GRANT ASSISTANCE | $10,000 |