NEW HOPE ACADEMY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NEW HOPE ACADEMY (EIN 63-1172489)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202541359349317999
- Schema version
- 2023v6.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T22:00:00-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450491842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLANKENSHIP CPA GROUP PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 917 CONFERENCE DR | AddressLine1Txt |
| City | GOODLETTSVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 370722162 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 631172489 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW HOPE ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWH | BusinessNameControlTxt |
| Phone | 6155950324 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1820 DOWNS BOULEVARD | AddressLine1Txt |
| City | FRANKLIN | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37064 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAIGE PITTS | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 6155950324 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JESSICA FREEMAN | PreparerPersonNm |
| PTIN | P01261457 | PTIN |
| Phone | 6158598800 | PhoneNum |
| Preparation | 2025-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PAIGE PITTS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1820 DOWNS BOULEVARD | AddressLine1Txt |
| City | FRANKLIN | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37064 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,412,450 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NHAFRANKLIN.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | CHRIST-CENTERED SCHOOL EDUCATING CHILDREN OF DIVERSE RACIAL & SOCIOECONOMIC BACKGROUNDS BY ESTABLISHING A BIBLICAL WORLDVIEW & PREPARING EACH CHILD TO FLOURISH ACADEMICALLY, EMOTIONALLY, SOCIALLY & SPIRITUALLY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 60 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,021,296 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,408,054 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,177,350 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,118,674 | CYProgramServiceRevenueAmt |
| PY Investment Income | $47,368 | PYInvestmentIncomeAmt |
| CY Investment Income | $42,126 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$45,700 | PYOtherRevenueAmt |
| CY Other Revenue | $324,828 | CYOtherRevenueAmt |
| PY Total Revenue | $5,200,314 | PYTotalRevenueAmt |
| CY Total Revenue | $5,893,682 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,637,133 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,510,790 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,207,266 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,166,626 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $367,521 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $889,559 | PYOtherExpensesAmt |
| CY Other Expenses | $1,140,196 | CYOtherExpensesAmt |
| PY Total Expenses | $4,733,958 | PYTotalExpensesAmt |
| CY Total Expenses | $4,817,612 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $466,356 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,076,070 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,035,326 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,456,839 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $271,506 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,585,144 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,763,820 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $5,871,695 | NetAssetsOrFundBalancesEOYAmt |
| Mission | CHRIST-CENTERED SCHOOL EDUCATING CHILDREN OF DIVERSE RACIAL & SOCIOECONOMIC BACKGROUNDS BY ESTABLISHING A BIBLICAL WORLDVIEW AND PREPARING EACH CHILD TO FLOURISH ACADEMICALLY, EMOTIONALLY, SOCIALLY, AND SPIRITUALLY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $3,689,512 | ExpenseAmt |
| Grant | $1,510,790 | GrantAmt |
| Revenue | $3,118,674 | RevenueAmt |
| Desc | NEW HOPE ACADEMY IS A PRIVATE, COEDUCATIONAL, CHRIST-CENTERED SCHOOL FOR PRE-KINDERGARTEN THROUGH 6TH GRADE STUDENTS, LOCATED IN FRANKLIN, TN. THROUGH OUR COMMITMENT TO EDUCATIONAL EXCELLENCE, WE TRANSFORM CHILDREN INTO LIFE-LONG LEARNERS, HANDS-ON PROBLEM SOLVERS, PURE WORSHIPERS,AND WORLD-CHANGERS - CHILDREN STEEPED IN KNOWLEDGE, WISDOM, AND UNDERSTANDING. | Desc |
| Total Program Service Expenses | $3,689,512 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 60 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CRYSTAL MORAN | PersonNm |
| Phone | 6155950324 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1820 DOWNS BOULEVARD | AddressLine1Txt |
| City | FRANKLIN | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37064 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| DR TONJA WILLIAMS | ||||||
| HEAD OF SCHO | 40.00 | Yes (X) | $123,500 | $0 | $7,900 | |
| ERICA MITCHELL | ||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ANGELA GENTRY | ||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STAYKO STAYKOV | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BEKAH RUSSOM | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BOBBY FREEMAN | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| CHIQUITA YOUNG | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| D'JUAN EPPS | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| NOEMI TURCIOS | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| PATRICK KENNY | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| STU SOUTHARD | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| FRANCIS DANIEL | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ALLENA BELL | ||||||
| BOARD MEMBER | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $123,500 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $7,900 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $190,419 | GovernmentGrantsAmt |
| All Other Contributions | $2,217,635 | AllOtherContributionsAmt |
| Noncash Contributions | $623,018 | NoncashContributionsAmt |
| Total Contributions | $2,408,054 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611110 | $3,056,583 | $3,056,583 |
| LUNCH PROGRAM | 611110 | $56,755 | $56,755 |
| OTHER ACADEMIC REVENUE | 611110 | $5,336 | $5,336 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,118,674 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,567 | TotalRevenueColumnAmt |
| Exclusion | $51,567 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $28,970 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $28,970 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,970 | TotalRevenueColumnAmt |
| Exclusion | $28,970 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $424,860 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $434,301 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$9,441 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$9,441 | TotalRevenueColumnAmt |
| Exclusion | -$9,441 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $370,860 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $84,467 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $286,393 | TotalRevenueColumnAmt |
| Exclusion | $286,393 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $9,465 | TotalRevenueColumnAmt |
| Exclusion | $9,465 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $9,465 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,893,682 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,118,674 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $366,954 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,510,790 | TotalAmt |
| Program Services | $1,510,790 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,400 | TotalAmt |
| Program Services | $86,825 | ProgramServicesAmt |
| Management And General | $28,543 | ManagementAndGeneralAmt |
| Fundraising | $16,032 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,715,491 | TotalAmt |
| Program Services | $1,133,542 | ProgramServicesAmt |
| Management And General | $372,648 | ManagementAndGeneralAmt |
| Fundraising | $209,301 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,000 | TotalAmt |
| Program Services | $2,643 | ProgramServicesAmt |
| Management And General | $869 | ManagementAndGeneralAmt |
| Fundraising | $488 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,912 | TotalAmt |
| Program Services | $120,863 | ProgramServicesAmt |
| Management And General | $39,733 | ManagementAndGeneralAmt |
| Fundraising | $22,316 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,823 | TotalAmt |
| Program Services | $87,766 | ProgramServicesAmt |
| Management And General | $28,852 | ManagementAndGeneralAmt |
| Fundraising | $16,205 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,430 | TotalAmt |
| Management And General | $41,430 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,713 | TotalAmt |
| Management And General | $2,713 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,400 | TotalAmt |
| Program Services | $43,400 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,282 | TotalAmt |
| Management And General | $1,951 | ManagementAndGeneralAmt |
| Fundraising | $41,331 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,645 | TotalAmt |
| Program Services | $10,765 | ProgramServicesAmt |
| Management And General | $69,969 | ManagementAndGeneralAmt |
| Fundraising | $26,911 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,146 | TotalAmt |
| Program Services | $1,514 | ProgramServicesAmt |
| Management And General | $9,845 | ManagementAndGeneralAmt |
| Fundraising | $3,787 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $413,410 | TotalAmt |
| Program Services | $330,728 | ProgramServicesAmt |
| Management And General | $62,011 | ManagementAndGeneralAmt |
| Fundraising | $20,671 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,332 | TotalAmt |
| Program Services | $1,065 | ProgramServicesAmt |
| Management And General | $200 | ManagementAndGeneralAmt |
| Fundraising | $67 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,816 | TotalAmt |
| Program Services | $5,816 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,207 | TotalAmt |
| Program Services | $31,207 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,272 | TotalAmt |
| Program Services | $123,223 | ProgramServicesAmt |
| Management And General | $18,033 | ManagementAndGeneralAmt |
| Fundraising | $9,016 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,259 | TotalAmt |
| Program Services | $15,118 | ProgramServicesAmt |
| Management And General | $6,745 | ManagementAndGeneralAmt |
| Fundraising | $1,396 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CLASSROOM EXPENSE | $99,371 | $99,371 | |
| MISCELLANEOUS | $77,037 | $77,037 | |
| LUNCH PROGRAM | $47,079 | $47,079 | |
| SCHOOL TRIPS | $36,997 | $36,997 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800 | TotalAmt |
| Program Services | $800 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,817,612 | TotalAmt |
| Program Services | $3,689,512 | ProgramServicesAmt |
| Management And General | $760,579 | ManagementAndGeneralAmt |
| Fundraising | $367,521 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,454 | BOYAmt |
| EOY | $124,732 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,277,059 | BOYAmt |
| EOY | $1,607,452 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,674 | BOYAmt |
| EOY | $287,666 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,805 | BOYAmt |
| EOY | $27,396 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,303,699 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,188,593 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,522,558 | BOYAmt |
| EOY | $5,115,106 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $281,927 | BOYAmt |
| EOY | $286,652 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,670,849 | BOYAmt |
| EOY | $7,835 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,035,326 | BOYAmt |
| EOY | $7,456,839 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,435 | BOYAmt |
| EOY | $35,442 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,575 | BOYAmt |
| EOY | $19,610 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,755 | BOYAmt |
| EOY | $1,522,209 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,741 | BOYAmt |
| EOY | $7,883 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $271,506 | BOYAmt |
| EOY | $1,585,144 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,869,944 | BOYAmt |
| EOY | $3,489,009 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,893,876 | BOYAmt |
| EOY | $2,382,686 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,763,820 | BOYAmt |
| EOY | $5,871,695 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,035,326 | BOYAmt |
| EOY | $7,456,839 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,076,070 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $31,805 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $281,927 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $36,774 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $30,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $2,050 | AdministrativeExpensesAmt |
| End Year Balance | $286,652 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $269,649 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $29,235 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $1,957 | AdministrativeExpensesAmt |
| End Year Balance | $281,927 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $339,656 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$33,507 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $36,500 | GrantsOrScholarshipsAmt |
| End Year Balance | $269,649 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $250,816 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $88,840 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $339,656 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| End Year Balance | $250,816 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $661,500 | OtherCostOrOtherBasisAmt |
| Book Value | $661,500 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,595,750 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,856,121 | DepreciationAmt |
| Book Value | $739,629 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,556,850 | OtherCostOrOtherBasisAmt |
| Depreciation | $62,675 | DepreciationAmt |
| Book Value | $3,494,175 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $385,341 | OtherCostOrOtherBasisAmt |
| Depreciation | $190,211 | DepreciationAmt |
| Book Value | $195,130 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $104,258 | OtherCostOrOtherBasisAmt |
| Depreciation | $79,586 | DepreciationAmt |
| Book Value | $24,672 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,115,106 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FINANCE LEASE LIABILITY | Desc |
| Amt | $7,883 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,883 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $4,646,657 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $31,805 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $150,206 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $84,467 | OtherRevenueAmt |
| Revenue Not Reported | $266,478 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,380,179 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,713 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,510,790 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,513,503 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,893,682 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,538,782 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $150,206 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $84,467 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $234,673 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,304,109 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,713 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,510,790 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,513,503 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,817,612 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE PER 990 84,467 |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | FINANCIAL AID NETTED AGAINST REVENUE PER AUDIT 1,510,790 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE PER 990 84,467 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | FINANCIAL AID NETTED AGAINST REVENUE PER AUDIT 1,510,790 |
| SCHEDULE D, PAGE 4, PART XIII | INCOME TAXES THE SCHOOL IS A NOT FOR PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD AS TO WHETHER TAX POSITIONS WOULD BE SUSTAINED, BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTY, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS OF THE SCHOOL AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE SCHOOL IS NO LONGER SUBJECT TO INTERNAL REVENUE SERVICE EXAMINATIONS FOR THE YEARS PRIOR TO 2021. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION'S WEBSITE STATES THE FOLLOWING: "NEW HOPE ACADEMY IS A CHRIST-CENTERED SCHOOL EDUCATING CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS BY ESTABLISHING A BIBLICAL WORLDVIEW AND PREPARING EACH CHILD TO FLOURISH ACADEMICALLY, EMOTIONALLY, SOCIALLY, AND SPIRITUALLY." | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | BANQUET | Event1Nm |
| Gross Receipts Event1 | $250,818 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $250,818 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $4,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $40,933 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $400 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $23,110 | OtherDirectExpensesEvent1Amt |
| Event2 | GLOW FOR HOPE | Event2Nm |
| Gross Receipts Event2 | $77,585 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $77,585 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $389 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $3,350 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $4,158 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $42,457 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $42,457 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $124 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $7,075 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $928 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $370,860 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $370,860 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $389 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $4,000 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $44,407 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $7,475 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $28,196 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $84,467 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $286,393 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION ASSISTANCE | GrantTypeTxt |
| Recipient | 134 | RecipientCnt |
| Non Cash Assistance | $1,510,790 | NonCashAssistanceAmt |
| Valuation Method Used | BOOK | ValuationMethodUsedDesc |
| Non Cash Assistance | DISCOUNTED TUIT | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | NEW HOPE ACADEMY'S GOAL IS TO PROVIDE SCHOLARSHIP ASSISTANCE TO ALL FAMILIES NEEDING ASSISTANCE BASED ON CRITERIA ADOPTED BY THE BOARD AND SUBJECT TO AVAILIABLE FUNDING. APPLICATIONS FOR ASSISTANCE ARE RETAINED IN THE ORGANIZATION'S RECORDS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | BOARD MEMBERS | RelationshipWithOrgTxt |
| Cash Grant | $28,000 | CashGrantAmt |
| Type Of Assistance | DISCOUNTED TUITION | TypeOfAssistanceTxt |
| Assistance Purpose | FINANCIAL AID | AssistancePurposeTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART V | FormAndLineReferenceDesc |
| Explanation | NEW HOPE ACADEMY PROVIDES FINANCIAL AID AND SCHOLARSHIPS FOR STUDENTS SOLELY ON FINANCIAL NEED. THE DEPENDENTS OF CERTAIN BOARD MEMBERS MEET SUCH NEED REQUIREMENTS. FINANCIAL AID AND SCHOLARSHIPS FOR THOSE DEPENDENTS WERE 28,000. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 5 | ContributionCnt |
| Noncash Contributions Rpt F990 | $402,070 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $20,460 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 4 | $168,688 | FMV |
| Yes (X) | CURRICULUM | 2 | $31,800 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, PART I, LINE 6 | VOLUNTEERS SERVE AS TEACHER ASSISTANTS OR TO HELP WITH GENERAL OFFICE DUTIES. VOLUNTEERS READ TO STUDENTS AND HELP WITH ONE-ON-ONE ACTIVITIES. VOLUNTEERS ALSO SERVE WITH FUNDRAISING ACTIVITIES, HELPING TO PLAN, SETUP, AND COORDINATE ACTIVITIES. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CONFLICT OF INTEREST POLICY SHALL BE REVIEWED AND ACKNOWLEDGED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS AND HEAD OF SCHOOL. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PARTIES. IT IS THE BOARD MEMBER OR STAFF'S RESPONSIBILITY TO REPORT ANY ACTUAL OR POTENTIAL CONFLICT THAT MAY EXIST BETWEEN THEM (AND THE IMMEDIATE FAMILY) AND THE ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE SALARY OF THE HEAD OF SCHOOL IS SET ANNUALLY THROUGH A WRITTEN EMPLOYMENT CONTRACT ESTABLISHED BY THE BOARD OF TRUSTEES AND IS BASED ON COMPARABILITY DATA, DUTIES AND RESPONSIBILITIES OF THE POSITION AND BOARD DELIBERATIONS CONDUCTED ABSENT THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS ABSENT DURING BOARD VOTING ON SUCH COMPENSATION MATTERS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE FOR ON-SITE INSPECTION DURING NORMAL BUSINESS HOURS. |
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