2022-03-11T10:15:21-06:00 2021-06-30 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2020-07-01 201858456 HOPE ONLINE LEARNING ACADEMY CO-OP % JENN FAILER HOPE 7204023000 9780 PYRAMID COURT Suite 100 ENGLEWOOD CO 80112 HEATHER O'MARA CEO 7204023000 2022-03-08 true Heather OMara 999009999 Adam R Smith CPA P00958966 7194714290 2022-03-08 2 2020 2022-09-23 18:48:47Z X HEATHER O'MARA FOUNDER CEO 9780 PYRAMID COURT 100 ENGLEWOOD CO 80112 12556368 false X WWW.HOPEONLINE.ORG X 2004 CO HOPE ONLINE LEARNING ACADEMY CO-OP IS A PUBLIC CHARTER SCHOOL THAT PROVIDES COLORADO STUDENTS WITH A COMPREHENSIVE AND QUALITY 6-12 EDUCATION. 5 5 116 7 0 19535313 12554762 0 0 -185510 263 -15382 1343 19334421 12556368 18431 550 0 0 3389826 3459257 0 0 0 12474329 8781493 15882586 12241300 3451835 315068 3219300 2436117 13832666 11700065 -10613366 -9263948 X HOPE IS A BLENDED LEARNING MODEL WHERE 6-12 STUDENTS RECEIVE INSTRUCTION ONLINE AND THROUGH FACE-TO-FACE CLASSROOM INSTRUCTION. STUDENTS ATTEND A COMMUNITY-BASED LEARNING CENTER SEVERAL DAYS A WEEK FOR THE FULL SCHOOL DAY. CURRICULUM IS ASSIGNED AND SUPERVISED UNDER THE DIRECTION OF A TEACHER AND MENTOR. THERE ARE LOW STUDENT EDUCATOR RATIOS, MEANING STUDENTS GET A HIGH LEVEL OF PERSONAL ATTENTION IN THE CLASSROOM. false true 10148086 550 1343 HOPE IS A COLORADO PUBLIC CHARTER SCHOOL. DURING THE 2020-2021 SCHOOL YEAR, HOPE EDUCATED APPROXIMATELY 1,089 STUDENTS IN GRADES 6-12. 301983 0 0 HOPE OPERATES A SCHOOL BREAKFAST AND LUNCH PROGRAM SERVING STUDENTS IN MANY OF OUR LEARNING CENTERS LOCATIONS. 10450069 true true false true false false false false false false true false false true true false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 46 0 116 true false false false false false false false false false false false false X 5 5 false false false false false false true true true false false true true true true false true true true false X X JENN FAILER 3037270334 9780 PYRAMID COURT 100 ENGLEWOOD CO 80112 HEATHER O'MARA CEO 40.0 0.0 X 183600 0 39002 STEPHEN BOSTON VP OF FINANCE 40.0 0.0 X 123312 0 30318 JERRY DEMMER DIRECTOR 1.0 0.0 X 0 0 0 BILL DE LA CRUZ DIRECTOR 1.0 0.0 X 0 0 0 KIM ROSSI CHAIR 1.0 0.0 X X 0 0 0 JEFF VIGIL DIRECTOR 1.0 0.0 X 0 0 0 KRISTINE TURNER DIRECTOR 1.0 0.0 X 0 0 0 306912 0 69320 2 false true false ACTION LEARNING ACADEMY 445 LANSING ST AURORA CO 80012 LEARNING CENTER 736762 ALPHA LEARNING ACADEMY 1000 W 6TH ST PUEBLO CO 80003 LEARNING CENTER 572975 NEW HEIGHTS ACADEMY 2300 W 90TH AVE FEDERAL HEIGHTS CO 80260 LEARNING CENTER 648951 POWER ACADEMY 3200 DAHLIA DENVER CO 80207 LEARNING CENTER 791500 EDGENUITY INC DEPT LA 24561 PASADENA CA 91185 CURRICULUM 1577500 13 12491365 63397 15000 12554762 0 263 263 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous Income 900099 1343 1343 1343 12556368 1343 263 0 550 550 0 0 371132 371132 0 0 2154012 1802377 351635 0 628179 508616 119563 0 266152 217680 48472 0 39782 28970 10812 0 0 23418 23418 47986 47986 42500 42500 0 0 4137531 3943973 193558 40078 40078 233532 153572 79960 177503 177503 0 273616 273616 38258 34726 3532 0 0 0 81322 81322 105229 71531 33698 0 35368 35368 CURRICULUM 357964 357964 SCHOOL LUNCH PROGRAM EXPENSE 301983 301983 OTHER INSTRUCTION EXPENSES 2788156 2758087 30069 OTHER SUPPORITNG SERVICES 91103 5269 85834 5946 5946 12241300 10450069 1791231 0 2000673 736332 566083 566346 197001 366910 42682 131299 0 0 0 0 0 0 0 0 118735 340156 2194936 2038483 190580 156453 0 0 0 0 0 0 0 0 103546 138621 3219300 2436117 732840 459316 0 0 808545 0 0 0 0 0 0 0 0 0 0 0 12291281 11240749 13832666 11700065 X -11162520 -9629043 549154 365095 -10613366 -9263948 3219300 2436117 X 315068 1034350 X false true X true true true X 19307413 18737272 18856878 19535313 12554762 88991638 0 0 19307413 18737272 18856878 19535313 12554762 88991638 0 88991638 417 1987 2135 1371 263 6173 0 0 88997811 15000 0.99993 0.99993 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false true 42500 false false 42500 false SCHEDULE C, PART II-B, LINE 1G Description of Lobbying Activities: Hope Online Learning Academy CO-OP contracts with two organizations to work with legislators and their staff. During the 20/21 fiscal year, these individuals were only involved with monitoring current changes to legislation, and did not attempt to influence any current legislative matter on HOPE's behalf. 723736 690539 33197 1441766 1318510 123256 29434 29434 0 156453 Deposits 138621 138621 0 Reserve for Pupil Count Audit 31282 Net Pension Liability 11187800 Unamortized Straight-Line Rent 21667 11240749 12544706 12544706 11662 11662 12556368 12195511 71102 71102 12124409 116891 116891 12241300 Schedule D, Part X, Line 2 Uncertain Tax Positions: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 4B REVENUE ON RETURN, NOT ON BOOKS: 11,662 Student Count Expense Reclass SCHEDULE D, PART XII,LINE 2D EXPENSE ON BOOKS, NOT ON RETURN: 71,102 CAPITAL OUTLAY ON GOVERNMENTAL FUND REPORT, NOT ON 990 SCHEDULE D, PART XII, LINE 4B EXPENSE ON RETURN, NOT ON BOOKS: 105,229 DEPRECIATION EXPENSES NOT REPORTED AS EXPENDITURE ON THE GOVERNMENTAL FUND REPORT 11,662 STUDENT COUNT EXPENSE RECLASS 116,891 TOTAL X X false false false false false false false false false HEATHER O'MARA CEO 183600 0 0 0 0 0 37913 0 1089 0 222602 0 STEPHEN BOSTON VP OF FINANCE 123312 0 0 0 0 0 25464 0 4854 0 153630 0 FORM 990, PART III, LINE 3 HOPE ONLINE LEARNING ACADEMY ELEMENTARY SCHOOL CLOSED SO FOR THE 2020-2021 SCHOOL YEAR HOPE ONLY SERVICED MIDDLE AND HIGH SCHOOL STUDENTS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL: AS PART OF THE CONTRACT WITH DOUGLAS COUNTY SCHOOL DISTRICT (DCSD) THE BUDGET MUST BE SUBMITTED TO DCSD. DCSD APPROVES THE BUDGET AND INCLUDES IT IN THE RESOLUTION TO APPROVE THE ENTIRE DCSD BUDGET. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: HOPE'S FORM 990 IS PREPARED BY A THIRD PARTY AND REVIEWED IN DETAIL BY THE CEO AND ED OF FINANCE AND ADMIN. IN ADDITION, A COPY OF THE FINAL FORM 990 IS REVIEWED IN A QUARTERLY BOARD MEETING PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: HOPE BOARD MEMBERS ARE REQUIRED TO FILL OUT AND SUBMIT A CONFLICTS DISCLOSURE STATEMENT TO THE HOPE OFFICE EACH YEAR BY SEPTEMBER 1ST FOR THE PRECEDING FISCAL YEAR. THESE STATEMENTS ARE REVIEWED BY THE ED OF FINANCE AND ADMIN. IF ANY CONFLICTS OF INTEREST SHOULD ARISE, THE BOARD MEMBER IS REQUIRED TO FILE AN AMENDED STATEMENT WITHIN 30 DAYS. THE AMENDED STATEMENT WOULD BE REVIEWED BY MEMBERS OF THE BOARD AND A DETERMINATION WOULD BE MADE ON ANY RECUSAL. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION: COMPENSATION FOR THE CEO WAS REVIEWED AND INCREASED IN 2019, PREVIOUS INCREASE WAS IN 2008. INCREASE WAS DONE TO MITIGATE INCREASE IN EMPLOYEE PERA CONTRIBUTIONS. COMPENSATION INCREASES ARE REVIEWED BY THE EXECUTIVE DIRECTOR OF FINANCE AND ADMINISTRATION UTILIZING COMPENSATION SURVEYS. INCREASES ARE ALSO REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THEIR APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION B, LINE 15B REVIEW OF OTHER OFFICER OR KEY EMPLOYEES COMPENSATION: AN AVERAGE MERIT OF 1.5% WAS IMPLEMENTED ACROSS THE BOARD TO ACCOUNT FOR COST OF LIVING. COMPENSATION INCREASES WERE REVIEWED BY THE HUMAN RESOURCES REPRESENTATIVE, EXECUTIVE DIRECTOR OF FINANCE AND ADMINISTRATION AND CEO UTILIZING COMPENSATION SURVEYS AND COMPARATIVE CHARTER SCHOOL AND SCHOOL DISTRICT DATA. INCREASES ARE ALSO REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THEIR APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. HOPE'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE IN ACCORDANCE WITH THE PUBLIC SCHOOL TRANSPARENCY ACT FOR THE STATE OF COLORADO. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN PENSION LIABILITY DUE TO PROPORTIONATE SHARE OF NET PENSION LIABILITY 1,014,350 CHANGE IN OTHER LONG-TERM LIABILITIES 20,000 Total 1,034,350 FORM 990 PART IX LINE 11G DESCRIPTION:LEARNING CENTER SERVICES TOTAL FEES:3943973 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER CONSULTING TOTAL FEES:193558