Hope Academy
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Groveland, FL
- Founding
- 06/1998
- Data as of
- 06/2024
- EIN
- 81-2752344
Organization Overview
Hope Academy is located in Groveland, FL. The organization was established in 1998. 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 06/2024, Hope Academy generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 27.5% 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
2024
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 |
|---|---|---|---|
Anthony Mccoy Founder/ceo | OfficerTrustee | 2 | $0 |
Jodie Mccoy Co-Founder/vice-President/hr Director | OfficerTrustee | 40 | $7,501 |
Khrystyna Tremaine Operations Director | OfficerTrustee | 40 | $10,962 |
Anthony Mccoy Jr Director | OfficerTrustee | 10 | $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 | $20,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,057 |
| Total Program Service Revenue | $1,513,734 |
| Investment income | $0 |
| 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 | $1,533,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,886 |
| 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. | $49,193 |
| Compensation of current officers, directors, key employees. | $22,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,970 |
| Payroll taxes | $168,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $17,976 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,402 |
| Advertising and promotion | $1,262 |
| Office expenses | $0 |
| Information technology | $35,333 |
| Royalties | $0 |
| Occupancy | $36,334 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,588 |
| Insurance | $10,778 |
| All other expenses | $23,192 |
| Total functional expenses | $1,407,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,283 |
| Savings and temporary cash investments | $0 |
| 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 | $1,634,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,643,960 |
| Accounts payable and accrued expenses | $213 |
| Grants payable | $0 |
| Deferred revenue | $12,077 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,157,927 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,170,217 |
| Net assets without donor restrictions | $473,743 |
| 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 | $1,643,960 |