New Hope Academy
- Assets
- $902.4k
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Yardley, PA
- Founding
- 11/2001
- Data as of
- 06/2021
- EIN
- 91-2101396
Organization Overview
New Hope Academy is located in Yardley, PA. The organization was established in 2001. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New 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 06/2021, New Hope Academy generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INSTITUTIONAL EDUCATIONAL SERVICES TO PUPILS AS A PRIVATE DAY SCHOOL, GENERAL PROVIDER OF EDUCATIONAL SERVICES AND SPECIAL NEEDS EDUCATION.NEW HOPE ACADEMY HAS NO EMPLOYEES AND THE EDUCATIONAL SERVICES ARE PROVIDED THROUGH A FULL SERVICE CONTRACT WITH MOTIVATIONAL EDUCATIONAL TRAINING CENTER, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NON-TRADITIONAL SECONDARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Tecker Board Chair | OfficerTrustee | 2 | $0 |
Kathleen Rosso-Gana Executive Director | Officer | 20 | $0 |
Michele Chapman Director | Trustee | 0.5 | $0 |
Cathleen Hyland Director | Trustee | 0.5 | $0 |
John Loeb Director | Trustee | 0.5 | $0 |
Michael Moeller Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,474,376 |
| 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 | $4,486,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,900 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,256,000 |
| 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 | $3,062 |
| Advertising and promotion | $78,042 |
| Office expenses | $121,291 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,618 |
| Travel | $21,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,216 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,449,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $730,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,094 |
| 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 | $67,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $902,389 |
| Accounts payable and accrued expenses | $22,323 |
| 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 | $354,626 |
| Other liabilities | $1,684 |
| Total liabilities | $378,633 |
| Net assets without donor restrictions | $513,128 |
| Net assets with donor restrictions | $10,628 |
| 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 | $902,389 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hope Academy has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |