Hope Academy Baltimore Inc
- Assets
- $1.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 37
- Location
- Baltimore, MD
- Founding
- Data as of
- 07/2023
- EIN
- 85-1645894
Organization Overview
Hope Academy Baltimore Inc is located in Baltimore, MD. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Hope Academy Baltimore Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Academy Baltimore 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 07/2023, Hope Academy Baltimore Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $1.6m during the year ending 07/2023. While expenses have increased by 13.9% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
H.O.P.E.AND THE HUBER CHILD DEVELOPMENT CENTER WILL ENABLE OUR STUDENTS TO GROW, LEARN ANDDEVELOP TO THEIR FULLEST GOD-GIVEN POTENTIAL THROUGH A STRUCTURED, CHRIST-CENTERED EDUCATIONAL PROGRAM THAT WILL CHALLENGE AND EQUIP THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
H.O.P.E.ACADEMY AND THE HUBER CHILD DEVELOPMENT CENTER WILL ENABLE OUR STUDENTS TO GROW, LEARN AND DEVELOP TO THEIR FULLEST GOD-GIVEN POTENTIAL THROUGH A STRUCTURED, CHRIST-CENTERED EDUCATIONAL PROGRAM THAT WILL CHALLLENGE AND EQUIP THEM WITH THE TOOLS NECESSARY TO STIMULATE ACADEMIC AND SPIRITUAL GROWTH, BUILD STRONG SELF-ESTEEM, AND DEVELOP HEALTHY RELATIONSHIP WITH THEIR PEERS AND CARING ADULTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Tonkin Secretary | Trustee | 0 | $0 |
Chelrisa Swanston Trustee | Trustee | 0 | $0 |
Tehma S Wilson Trustee | Trustee | 0 | $0 |
Elyn Garrett Jones Trustee | Trustee | 0 | $0 |
Ashley Green Trustee | Trustee | 0 | $0 |
P M Smith Chairman | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cmb Construction Building Contracto | 7/30/23 | $109,495 |
Neutron Engineering Llc Computer Systems | 7/30/23 | $154,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,690 |
| Related organizations | $0 |
| Government grants | $209,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $802,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,073,773 |
| Total Program Service Revenue | $1,161,339 |
| Investment income | $1,454 |
| 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 | $2,236,566 |
| 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 | $992,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,885 |
| Payroll taxes | $90,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $42,025 |
| Advertising and promotion | $1,951 |
| Office expenses | $0 |
| Information technology | $16,173 |
| Royalties | $0 |
| Occupancy | $248,328 |
| Travel | $3,132 |
| 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 | $46,006 |
| Insurance | $697 |
| All other expenses | $42,325 |
| Total functional expenses | $1,558,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,571 |
| Savings and temporary cash investments | $595,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$425,741 |
| 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 | $361,619 |
| Investments—publicly traded securities | $459,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $124,578 |
| Other assets | $0 |
| Total assets | $1,916,239 |
| Accounts payable and accrued expenses | $71,954 |
| Grants payable | $0 |
| Deferred revenue | $3,301 |
| 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 | $24,123 |
| Total liabilities | $99,378 |
| Net assets without donor restrictions | $1,816,861 |
| 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 | $1,916,239 |