Hope Preparatory School Inc
- Assets
- $281.1k
- Revenue
- $463.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Kinston, NC
- Founding
- 10/2018
- Data as of
- 07/2022
- EIN
- 82-5514146
Organization Overview
Hope Preparatory School Inc is located in Kinston, NC. The organization was established in 2018. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2022, Hope Preparatory School Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Preparatory 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 07/2022, Hope Preparatory School Inc generated $463.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $452.6k during the year ending 07/2022. 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 PREPARE THE YOUTH OF OUR CITY TO THRIVE THROUGH A CHRISTIAN CENTERED EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PREPARE THE YOUTH OF OUR CITY TO THRIVE THROUGH A CHRISTIAN CENTERED EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Spear Ex- Officio | Trustee | 40 | $45,417 |
Sara Golden Secretary | OfficerTrustee | 2 | $0 |
Herbert I Spear Treasurer | OfficerTrustee | 2 | $0 |
Justin Tilghman Board Chairp | OfficerTrustee | 2 | $0 |
Scot Webster Board Member | Trustee | 2 | $0 |
Ryan Vernon Board Member | Trustee | 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 | $219,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,987 |
| Total Program Service Revenue | $232,280 |
| 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 | $463,106 |
| 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 | $287,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,768 |
| Advertising and promotion | $8,428 |
| Office expenses | $6,532 |
| Information technology | $3,889 |
| Royalties | $0 |
| Occupancy | $27,571 |
| Travel | $2,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,723 |
| All other expenses | $11,946 |
| Total functional expenses | $452,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,075 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $281,075 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $281,075 |
| 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 | $281,075 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Preparatory School Inc has recieved totaling $9,111.
| Awarding Organization | Amount |
|---|---|
Ely J Perry Foundation Inc Kinston, NC PURPOSE: ANNUAL GIVING | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $111 |
Peer Organizations
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|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
South Carolina Connections Academy Inc Columbia, SC | $14,632,201 | $47,709,935 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
South Carolina Learns Greenville, SC | $20,739,195 | $35,702,373 |
South Carolina Virtual Charter School West Columbia, SC | $14,646,057 | $37,851,009 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |