Hope Christian Schools Inc
- Assets
- $37.3m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 225
- Location
- Albuquerque, NM
- Founding
- 10/1976
- Data as of
- 05/2022
- EIN
- 85-0244670
Organization Overview
Hope Christian Schools Inc is located in Albuquerque, NM. The organization was established in 1976. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2022, Hope Christian Schools Inc employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Christian Schools 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 05/2022, Hope Christian Schools Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $10.6m during the year ending 05/2022. 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
HOPE CHRISTIAN SCHOOL IS A NON-DENOMINATIONAL CHRISTIAN SCHOOL THAT OFFERS OPPORTUNITIES TO STUDENTS WITH A POSITIVE ATTITUDE TOWARDS EDUCATION TO PROGRESS ACADEMICALLY, SPIRITUALLY, AND SOCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE CHRISTIAN SCHOOL PROVIDES ACADEMIC PROGRAMS TO CHILDREN FROM PRE-K THROUGH HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Groom Finance Mana | Officer | 40 | $90,273 |
Terry Heisey Head Of Scho | Officer | 40 | $85,071 |
Daniel Hedges Executive Di | Officer | 40 | $82,042 |
Andrea Trujillo Business Man | Officer | 40 | $73,518 |
Donald Swaim Chairman | OfficerTrustee | 5 | $0 |
James Tate Vice Chairma | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pwki Llc Construction | 5/30/22 | $4,019,133 |
Gmc Enterprises Llc Dba Tenco Culin School Lunches | 5/30/22 | $191,181 |
Canteen Of Central Nm Inc School Lunches | 5/30/22 | $188,374 |
Lighthouse Business Information Solutions It | 5/30/22 | $143,100 |
Rw Parent Llc Servicemaster Opco Hol Janitorial | 5/30/22 | $169,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $603,465 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,490 |
| Noncash contributions included in lines 1a–1f | $4,837 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,955 |
| Total Program Service Revenue | $12,322,695 |
| Investment income | $121,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,124 |
| Net Income from Fundraising Events | $159,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,441 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,469,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $197,361 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $372,514 |
| Compensation of current officers, directors, key employees. | $126,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,971,460 |
| Pension plan accruals and contributions | $120,199 |
| Other employee benefits | $815,815 |
| Payroll taxes | $399,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,644 |
| Advertising and promotion | $65,140 |
| Office expenses | $395,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,754 |
| Travel | $50,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $231,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $880,069 |
| Insurance | $110,322 |
| All other expenses | $145,119 |
| Total functional expenses | $10,573,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,874,462 |
| Savings and temporary cash investments | $739,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,127,290 |
| 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 | $98,909 |
| Net Land, buildings, and equipment | $18,071,612 |
| Investments—publicly traded securities | $3,939,802 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $145,794 |
| Other assets | $301,326 |
| Total assets | $37,299,109 |
| Accounts payable and accrued expenses | $974,511 |
| Grants payable | $0 |
| Deferred revenue | $12,039,959 |
| 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 | $7,921,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,936,141 |
| Net assets without donor restrictions | $15,509,581 |
| Net assets with donor restrictions | $853,387 |
| 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 | $37,299,109 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hope Christian Schools Inc has recieved totaling $74,052.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $30,000 |
R D & Joan Dale Hubbard Foundation Ruidoso, NM PURPOSE: GENERAL SUPPORT | $25,000 |
Conner Christian Scholarship Foundation Roswell, NM PURPOSE: SCHOLARSHIPS | $11,150 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,902 |
Endowment Analysis
| Beg. Balance | $783,260 |
| Earnings | -$10,477 |
| Other Expense | $11,615 |
| Ending Balance | $761,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Academy Denver, CO | $114,741,916 | $44,259,013 |
Trinity Christian Academy Addison, TX | $65,459,089 | $30,244,253 |
St Andrews Episcopal School Inc Austin, TX | $93,484,492 | $28,935,515 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Waterford School Holding Corporation Sandy, UT | $35,882,761 | $26,122,549 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |