New Hope Academy
- Assets
- $648.8k
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Yardley, PA
- Founding
- 11/2001
- Data as of
- 06/2022
- 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 06/2022, New Hope Academy generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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 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 |
|---|---|---|---|
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 |
Glenn Tecker Board Chair | OfficerTrustee | 2 | $0 |
Kathleen Rosso-Gana Executive Director | Officer | 20 | $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 | $4,115,044 |
| Investment income | $204 |
| 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 | $4,123,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,800 |
| 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 | $31,956 |
| Advertising and promotion | $67,388 |
| Office expenses | $66,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,887 |
| Travel | $55,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,051 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,406,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $211,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $369,176 |
| 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 | $67,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,818 |
| Accounts payable and accrued expenses | $37,470 |
| 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 | $368,995 |
| Other liabilities | $1,615 |
| Total liabilities | $408,080 |
| Net assets without donor restrictions | $230,110 |
| 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 | $648,818 |