HOPE PARTNERSHIP FOR EDUCATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HOPE PARTNERSHIP FOR EDUCATION (EIN 46-0493274)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-11-22
IRS object ID
202433279349300623
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-22T14:01:41-06:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471352305PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'CONNELL & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1240 GIBRALTAR ROAD SUITE 260AddressLine1Txt
CityHORSHAMCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19044ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460493274EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOPE PARTNERSHIP FOR EDUCATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOPEBusinessNameControlTxt
Phone2152325410PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12601 N 11TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19133ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVIRGIL SHEPPARDPersonNm
Person TitlePRESIDENT/CEOPersonTitleTxt
Phone2152325410PhoneNum
Signature2024-11-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J MCNAMEE CPAPreparerPersonNm
PTINP01428150PTIN
Phone2158874425PhoneNum
Preparation2024-11-22PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerVIRGIL SHEPPARDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12601 N 11TH STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19133ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,963,312GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOPEPARTNERSHIPFOREDUCATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionHOPE PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee25TotalEmployeeCnt
Total Volunteers107TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,181,661PYContributionsGrantsAmt
CY Contributions Grants$2,024,022CYContributionsGrantsAmt
PY Program Service Revenue$770,000PYProgramServiceRevenueAmt
CY Program Service Revenue$822,500CYProgramServiceRevenueAmt
PY Investment Income$2,418PYInvestmentIncomeAmt
CY Investment Income$55,282CYInvestmentIncomeAmt
PY Other Revenue-$422PYOtherRevenueAmt
CY Other Revenue$36,589CYOtherRevenueAmt
PY Total Revenue$2,953,657PYTotalRevenueAmt
CY Total Revenue$2,938,393CYTotalRevenueAmt
PY Grants And Similar Paid$835,690PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$844,375CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,340,700PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,333,114CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$284,598CYTotalFundraisingExpenseAmt
PY Other Expenses$671,403PYOtherExpensesAmt
CY Other Expenses$959,903CYOtherExpensesAmt
PY Total Expenses$2,847,793PYTotalExpensesAmt
CY Total Expenses$3,137,392CYTotalExpensesAmt
PY Revenues Less Expenses$105,864PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$198,999CYRevenuesLessExpensesAmt
Total Assets BOY$4,557,697TotalAssetsBOYAmt
Total Assets EOY$4,367,428TotalAssetsEOYAmt
Total Liabilities BOY$1,085,210TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,093,940TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,472,487NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,273,488NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHOPE PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,503,796ExpenseAmt
Grant$822,500GrantAmt
Revenue$822,500RevenueAmt
DescHOPE PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$21,875ExpenseAmt
Grant$21,875GrantAmt
DescTHE HOPE PARTNERSHIP GRADUATE SUPPORT PROGRAM IS COMMITTED TO PROVIDING A HOLISTIC SUPPORT SYSTEM FOR ALL GRADUATES. BY FOSTERING GENUINE, LONG- LASTING RELATIONSHIPS WITH ALUMNI AND THEIR FAMILIES, OUR PROGRAM IS DESIGNED TO FACILITATE A SMOOTH AND SUCCESSFUL TRANSITION INTO HIGH SCHOOL AND COLLEGE, AND DEVELOP RESPONSIBLE, AND CIVICALLY ENGAGED MEMBERS OF THE COMMUNITY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,525,671TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document35IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee25EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members18GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VIRGIL SHEPPARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2152325410PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12601 N 11TH STAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19133ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARY LOU ZWWAN
CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
PAMELA EDWARDS
BOARD MEMBER1.00Yes (X)$0$0$0
FRANK FESNAK
BOARD MEMBER1.00Yes (X)$0$0$0
CHARLES A FITZPATRICK IV ESQ
VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
DAVID FRIGERI
BOARD MEMBER1.00Yes (X)$0$0$0
JOSEPH KEEFER
TREASURER1.00Yes (X)Yes (X)$0$0$0
EILEEN MCDEVITT SHCJ
BOARD MEMBER1.00Yes (X)$0$0$0
CHRISTINE MCCANN RSM
BOARD MEMBER1.00Yes (X)$0$0$0
HONORA NICHOLSON RSM
SECRETARY1.00Yes (X)Yes (X)$0$0$0
KEVIN O'FLAHERTY
BOARD MEMBER1.00Yes (X)$0$0$0
ANN-THERESE ORTIZ
BOARD MEMBER1.00Yes (X)$0$0$0
MARGIE QUINT
BOARD MEMBER1.00Yes (X)$0$0$0
MALCOLM J YATES
BOARD MEMBER1.00Yes (X)$0$0$0
KADEDRA WARREN-JONES
BOARD MEMBER1.00Yes (X)$0$0$0
DENISE WILBUR PHD
BOARD MEMBER1.00Yes (X)$0$0$0
CATHERINE GLATTS
BOARD MEMBER1.00Yes (X)$0$0$0
SUSAN RUPP
BOARD MEMBER1.00Yes (X)$0$0$0
SHANNON SWEENEY
BOARD MEMBER1.00Yes (X)$0$0$0
VIRGIL SHEPPARD
PRESIDENT / CEO40.00Yes (X)$146,667$0$13,393
TAYLOR HARRIS
HEAD OF SCHOOL40.00$104,855$0$8,880Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$251,522TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$22,273TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$306,749FundraisingAmt
Government Grants$40,240GovernmentGrantsAmt
All Other Contributions$1,677,033AllOtherContributionsAmt
Total Contributions$2,024,022TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION REVENUEDesc
Business611600BusinessCd
Total Revenue Column$822,500TotalRevenueColumnAmt
Related Or Exempt Func Income$822,500RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$822,500TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$55,282TotalRevenueColumnAmt
Exclusion$55,282ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$11,071RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$11,071RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,071TotalRevenueColumnAmt
Exclusion$11,071ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$50,437FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$306,749ContriRptFundraisingEventAmt
Fundraising Direct Expenses$24,919FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,518TotalRevenueColumnAmt
Exclusion$25,518ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,938,393TotalRevenueColumnAmt
Related Or Exempt Func Income$822,500RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$91,871ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$844,375TotalAmt
Program Services$844,375ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$168,451TotalAmt
Program Services$72,426ProgramServicesAmt
Management And General$47,808ManagementAndGeneralAmt
Fundraising$48,217FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$971,567TotalAmt
Program Services$810,264ProgramServicesAmt
Management And General$62,426ManagementAndGeneralAmt
Fundraising$98,877FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$9,151TotalAmt
Program Services$7,046ProgramServicesAmt
Management And General$915ManagementAndGeneralAmt
Fundraising$1,190FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$96,738TotalAmt
Program Services$75,059ProgramServicesAmt
Management And General$9,251ManagementAndGeneralAmt
Fundraising$12,428FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$87,207TotalAmt
Program Services$67,565ProgramServicesAmt
Management And General$8,413ManagementAndGeneralAmt
Fundraising$11,229FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$216,215TotalAmt
Program Services$129,064ProgramServicesAmt
Management And General$87,151ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$105,072TotalAmt
Program Services$89,311ProgramServicesAmt
Management And General$10,507ManagementAndGeneralAmt
Fundraising$5,254FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$47,487TotalAmt
Program Services$40,364ProgramServicesAmt
Management And General$4,749ManagementAndGeneralAmt
Fundraising$2,374FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$139,998TotalAmt
Program Services$118,998ProgramServicesAmt
Management And General$14,000ManagementAndGeneralAmt
Fundraising$7,000FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$47,001TotalAmt
Program Services$15,040ProgramServicesAmt
Management And General$31,961ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OPERATING SUPPLIES$156,768$114,539$17,725$24,504
UTILITIES$85,021$72,268$8,502$4,251
FOOD AND HOSPITALITY$65,139$29,267$5,222$30,650
PRINTING AND POSTAGE$35,017$4,230$3,337$27,450

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$62,185TotalAmt
Program Services$35,855ProgramServicesAmt
Management And General$15,156ManagementAndGeneralAmt
Fundraising$11,174FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,137,392TotalAmt
Program Services$2,525,671ProgramServicesAmt
Management And General$327,123ManagementAndGeneralAmt
Fundraising$284,598FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$200,603BOYAmt
EOY$147,761EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,354,721BOYAmt
EOY$1,279,514EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$84,200BOYAmt
EOY$60,573EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$58,512BOYAmt
EOY$87,380EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,008,963LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,216,763LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,859,661BOYAmt
EOY$2,792,200EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,557,697BOYAmt
EOY$4,367,428EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$25,230BOYAmt
EOY$56,365EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$27,857BOYAmt
EOY$19,286EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,017,596BOYAmt
EOY$956,533EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,527BOYAmt
EOY$61,756EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,085,210BOYAmt
EOY$1,093,940EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,056,485BOYAmt
EOY$3,105,135EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$416,002BOYAmt
EOY$168,353EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,472,487BOYAmt
EOY$3,273,488EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,557,697BOYAmt
EOY$4,367,428EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$198,999ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,695,569OtherCostOrOtherBasisAmt
Depreciation$683,385DepreciationAmt
Book Value$2,012,184BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,313,394OtherCostOrOtherBasisAmt
Depreciation$533,378DepreciationAmt
Book Value$780,016BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,792,200TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE PAYABLEDesc
Amt$61,756Amt
FieldValueIRS element (for citing)
Total Liability$61,756TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,143,735TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$46,294DonatedServicesAndUseFcltsAmt
Other Revenue-$840,952OtherRevenueAmt
Revenue Not Reported-$794,658RevenueNotReportedAmt
Revenue Subtotal$2,938,393RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,938,393TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,342,734TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$27,842DonatedServicesUseFcltsAmt
Expenses Not Reported$27,842ExpensesNotReportedAmt
Expenses Subtotal$2,314,892ExpensesSubtotalAmt
Other Expenses Not Included$822,500OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$822,500ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,137,392TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:HPE IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. HPE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. HPE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:OTHER STUDENT AID -822,500. IN KIND SPECIAL EVENTS EXPENSE -18,452.
PART XII, LINE 4B - OTHER ADJUSTMENTS:OTHER STUDENT AID 822,500.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media0PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationHOPE PARTNERSHIP FOR EDUCATION DID NOT PUBLICIZE ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH A THIRD PARTY NEWSPAPER OR MEDIA. THE SCHOOL DID PUBLISH ITS RACIALLY NONDISCRIMINATORY POLICY IN THE BROCHURE, WHICH IS WIDELY DISSEMINATED.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FRIENDRAISEREvent1Nm
Gross Receipts Event1$357,186GrossReceiptsEvent1Amt
Charitable Contri Event1$306,749CharitableContriEvent1Amt
Gross Revenue Event1$50,437GrossRevenueEvent1Amt
Other Direct Expenses Event1$24,919OtherDirectExpensesEvent1Amt
Gross Receipts Total$357,186GrossReceiptsTotalAmt
Charitable Contributions Tot$306,749CharitableContributionsTotAmt
Gross Revenue Total Events$50,437GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$24,919OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$24,919DirectExpenseSummaryEventsAmt
Net Income Summary$25,518NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDesc
STUDENT AID47$822,500FMV
GRADUATE FINANCIAL ASSISTANCE15$21,875FMV

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonVIRGIL SHEPPARDPersonNm
TitlePRESIDENT / CEOTitleTxt
Base Compensation Filing Org$146,667BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$13,393NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$160,060TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4DURING THE FISCAL YEAR 2024, THERE WERE TWO AMENDMENTS MADE TO THE ORGANIZATION'S BYLAWS. 1. PRIOR TO AMENDMENT, TRUSTEES SHALL NOT SERVE MORE THAN TWO CONSECUTIVE TERMS, UNLESS SPECIALLY RE-APPOINTED. THE TRUSTEE IS ELIGIBLE FOR REGULAR ELECTION AS A TRUSTEE AT ANY TIME FOLLOWING THE APPOINTMENT OF HIS OR HER SUCCESSOR. THIS SECTION WAS AMENDED BY THE BOARD OF TRUSTEES DURING THE FISCAL YEAR ENDED JUNE 30, 2024. THIS SECTION NOW STATES THAT TRUSTEES MAY SERVE THREE CONSECUTIVE TERMS AND THE TRUSTEE IS NOT ELIGLBLE FOR RE-ELECTION AS A TRUSTEE UNTIL SUCH TRUSTEE'S SUCCESSOR HAS SERVED FOR AT LEAST ONE YEAR. 2. PRIOR TO AMENDMENT, OFFICERS WERE ELECTED FOR A TERM OF ONE YEAR. THIS SECTION WAS AMENDED BY THE BOARD OF TRUSTEES DURING THE FISCAL YEAR ENDED JUNE 30, 2024. THIS SECTION NOW STATES THAT OFFICERS SHALL SERVE AN INITIAL TERM OF THREE YEARS.
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS SENT TO THE FINANCE COMMITTEE OF THE BOARD FOR DETAILED REVIEW. IT IS THEN SENT TO THE REMAINDER OF THE BOARD OF DIRECTORS FOR FINAL REVIEW.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS FILL OUT A NEW CONFLICT OF INTEREST FORM AT THE SEPTEMBER BOARD MEETING EVERY YEAR.
FORM 990, PART VI, SECTION B, LINE 15THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY AS PART OF THE BUDGETING PROCESS. THE FINANCE COMMITTEE OF THE BOARD REVIEWS SALARIES AS PART OF THE BUDGETING PROCESS.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.

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