Brea H O P E Inc
- Assets
- $21.7m
- Revenue
- $2.0m
- Investments
- $4.9k
- Employees
- 0
- Location
- Brea, CA
- Founding
- 09/1984
- Data as of
- 06/2022
- EIN
- 95-3867954
Organization Overview
Brea H O P E Inc is located in Brea, CA. The organization was established in 1984. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Brea H O P E 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 06/2022, Brea H O P E Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) 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 ASSIST THE BREA OLINDA UNIFIED SCHOOL DISTRICT IN FINANCING VARIOUS CONSTRUCTION PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION CONTINUES TO FINANCE CAPITAL ASSETS AND EXISTING DEBT OF THE PREVIOUSLY CONSTRUCTED HIGH SCHOOL FACILITY FOR THE USE BY THE BREA OLINDA UNIFIED SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Champion 1221-622 Vice Chairperson | OfficerTrustee | 1 | $0 |
Dr Brad Mason 721-1121 Vice Chairperson | OfficerTrustee | 1 | $0 |
Brinda Leon 1221-622 Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kerrie Torres 7121 - 73121 Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roberta Dirks 821-1221 Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bernie Kilcoyne Chairperson | OfficerTrustee | 1 | $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 | $0 |
| Investment income | $23,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,003,271 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,294 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $467,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $946,649 |
| Insurance | $0 |
| All other expenses | $2,105 |
| Total functional expenses | $1,489,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,459,054 |
| Savings and temporary cash investments | $2,633,403 |
| 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 | $8,327,086 |
| Investments—publicly traded securities | $1,259,350 |
| Investments—other securities | $4,851 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,683,744 |
| Accounts payable and accrued expenses | $199,007 |
| 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 | $8,640,000 |
| Total liabilities | $8,839,007 |
| Net assets without donor restrictions | $12,744,361 |
| Net assets with donor restrictions | $100,376 |
| 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 | $21,683,744 |
Endowment Analysis
| Beg. Balance | $100,366 |
| Earnings | $10 |
| Ending Balance | $100,376 |
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|---|---|---|
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Element Education Inc Escondido, CA | $11,446,898 | $15,469,038 |
University Of California Home Loan Program Corporation Oakland, CA | $809,217,947 | $25,322,221 |
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Maker Learning Network Acton, CA | $31,041,626 | $6,882,050 |
Pathways Management Group Inc Pasadena, CA | $27,742,984 | $4,110,742 |
Black Girls Code Inc Oakland, CA | $40,729,664 | $16,892,534 |
Silvies River Charter School Crane, OR | $8,476,358 | $7,552,707 |
Gia Holdings Inc Carlsbad, CA | $23,575,400 | $34,356,749 |
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Chandler School Boosters Inc Chandler, AZ | $2,971,586 | $4,921,052 |