Hope Academy
- Assets
- $172.3k
- Revenue
- $831.2k
- Investments
- $0.0
- Employees
- 23
- Location
- Groveland, FL
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 81-2752344
Organization Overview
Hope Academy is located in Groveland, FL. The organization was established in 1998. As of 06/2022, Hope Academy employed 23 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 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, Hope Academy generated $831.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $785.9k during the year ending 06/2022. While expenses have increased by 25.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR GOAL IS TO EMPOWER, EDUCATE, AND ELEVATE ALL STUDENTS ENROLLED IN MIND, BODY AND SPIRIT WITH A FOCUS ON CAREER AND COLLEGE READINESS IN ORDER TO BECOME DYNAMIC LEADERS FOR CHRIST. IN HOPE ACADEMY WITH A FOCUS ON COLLEGE PREP COURSES. TO PROVIDE EQUAL ACCESS FOR ALL STUDENTS TO ROBUST EDUCATIONAL OPPORTUNITIES, IN A CHRISTIAN-BASED ENVIRONMENT, THAT PREPARES THEM FOR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EQUAL ACCESS TO ALL STUDENTS THROUGH A CHRISTIAN-BASED EDUCATIONAL ENVIRONMENT IN PREPARATION FOR COLLEGE BOUND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randolph Waite High School Principal/head | Trustee | 40 | $75,000 |
Eucretia Waite Middle School Principal/di | Trustee | 40 | $42,375 |
Anthony Mccoy Founder | OfficerTrustee | 2 | $0 |
Jodie Mccoy Vice-President | OfficerTrustee | 2 | $0 |
Winston Simon Board President | OfficerTrustee | 2 | $0 |
Dr Calandria Smith Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,532 |
| Total Program Service Revenue | $829,660 |
| Investment income | $23 |
| 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 | $831,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900 |
| 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. | $117,375 |
| Compensation of current officers, directors, key employees. | $15,975 |
| Compensation to disqualified persons | $358,308 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,200 |
| Advertising and promotion | $2,517 |
| Office expenses | $0 |
| Information technology | $5,981 |
| Royalties | $0 |
| Occupancy | $17,434 |
| 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 | $9,638 |
| Insurance | $16,238 |
| All other expenses | $9,737 |
| Total functional expenses | $785,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $16,264 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,729 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $172,273 |
| 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 | $5,991 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,991 |
| Net assets without donor restrictions | $166,282 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $172,273 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Academy has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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