2020-11-05T06:21:26-06:00 2020-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PKWY STE 200 MEMPHIS TN 38120 990 2019-07-01 621612178 NEW HOPE CHRISTIAN ACADEMY NEWH 9013583183 3000 UNIVERSITY MEMPHIS TN 38127 LIONEL CABLE HEAD OF SCHOOL 9013583183 2020-11-02 1 RICHARD A SWOPE CPA P00590766 9016834234 2020-10-19 64.88.174.3 2020-11-02 10:27:34 CS P 46598ED75B419C4E490C47D57CC893E3E23123EE 676482A4AFF363F7EDA42E5FAA92FCA7EE96B4E1 2019 2021-01-29 14:40:06Z LIONEL CABLE 3000 UNIVERSITY MEMPHIS TN 38127 8904864 0 X WWW.NEWHOPEMEMPHIS.ORG X 1995 TN COLLEGE PREPARATORY ELEMENTARY EDUCATION 13 13 111 50 -180928 0 290992 1108638 713115 746282 727038 -120416 36000 29400 1767145 1763904 0 0 0 0 3968247 4220562 0 0 124915 2622570 2670221 6590817 6890783 -4823672 -5126879 16668657 10454322 1562379 1822752 15106278 8631570 NEW HOPE CHRISTIAN ACADEMY IS AN URBAN COLLEGE PREPARATORY ELEMENTARY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING INTELLECTUAL AND CHRIST-CENTERED EDUCATION. 0 0 6006891 364276 URBAN COLLEGE PREPARATORY ELEMENTARY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING INTELLECTUAL AND CHIRST-CENTERED EDUCATION. 6006891 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 111 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X LIZ STONE 9013583183 3000 UNIVERSITY MEMPHIS TN 38127 KEN BENNETT BOARD MEMBER 1.00 X 0 0 0 ELLIOT PERRY BOARD MEMBER 1.00 X 0 0 0 ISAAC BYRD CHAIRMAN 1.00 X X 0 0 0 MURFF GALBREATH BOARD MEMBER 1.00 X 0 0 0 JIM DORMAN BOARD MEMBER 1.00 X 0 0 0 TORI THOMAS BOARD MEMBER 1.00 X 0 0 0 MARCUS LEWIS BOARD MEMBER 1.00 X 0 0 0 MANKEN CHIGAWA BOARD MEMBER 1.00 X 0 0 0 JANET GERBER BOARD MEMBER 1.00 X 0 0 0 MIKE HARRIS BOARD MEMBER 1.00 X 0 0 0 RUSS PHILLIPS BOARD MEMBER 1.00 X 0 0 0 LIONEL CABLE HEAD OF SCHOOL 50.00 X X 152750 0 21163 KRISTEN HILL BOARD MEMBER 1.00 X 0 0 0 BETSY BROWN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH STONE CHIEF FINANCIAL OFFICER 40.00 X 112531 0 1650 265281 0 22813 2 0 1 0 0 779869 328769 1108638 TUITION REVENUE 611110 440321 440321 PROGRAM FEES 900099 305961 305961 746282 442518 442518 29400 0 29400 29400 29400 6253788 324238 6635794 505166 -382006 -180928 -562934 -382006 -180928 1763904 364276 -180928 471918 260524 91667 131294 37563 3157086 2950504 145812 60770 164932 149758 14844 330 355574 328696 14431 12447 282446 253724 21199 7523 15817 15817 36278 36278 19320 19320 46309 40027 6282 252114 214297 37817 42286 42286 TUITION ASSISTANCE 1451471 1451471 PROGRAM 206198 193969 12229 MAINTENANCE 196822 167299 29523 SCHOOL MEALS 109826 108685 1141 293780 96821 196959 6890783 6006891 758977 124915 301168 572263 113025 888503 3735 4104 93365 54841 5092454 2424095 3128065 2668359 13029299 6266252 16668657 10454322 267560 228336 130000 1294819 1464416 1562379 1822752 X 15090719 8592358 15559 39212 15106278 8631570 16668657 10454322 -5126879 -1347829 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 229400 229400 4215666 1978207 2237459 11888 6823 5065 635500 439065 196435 2668359 TUITION ASSISTANCE PAYABLE 1451471 DEFERRED REVENUE 12945 1464416 X 597001 -1347831 180928 -1166903 1763904 0 1763904 7071711 180928 180928 6890783 0 6890783 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE ORGANIZATION BELIEVES IT IS NOT LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF BUILDING 180,928. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF BUILDING 180,928. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MEETS REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. THE SCHOOL CURRENTLY HAS A MAJORITY MINORITY PRECENTAGE OF STUDENTS ENROLLED. SCHEDULE E, PART I, LINE 6 NEW HOPE CHRISTIAN ACADEMY PARTICIPATES IN THE TENNESSEE FOOD NUTRITION PROGRAM THAT PROVIDES BREAKFAST AND LUNCH FOR CHILDREN BASED ON INCOME ELIGIBILITY. THE STATE OF TENNESSEE SCHOOL NUTRITION PROGRAM REIMBURSES NEW HOPE FOR ALL ELIGIBLE REIMBURSABLE MEALS FOR QUALIFIED STUDENTS. X 0 0 0 0 0 0 0 0 0 LIONEL CABLE HEAD OF SCHOOL 152750 0 0 0 0 0 0 0 21163 0 173913 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE HEAD OF SCHOOL AND BOARD OF TRUSTEES BEFORE IT WAS FILED. ADDITIONALLY, THE HEAD OF SCHOOL AND BOARD OF TRUSTEES REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES, HEAD OF SCHOOL, AND ASSISTANT HEAD OF SCHOOL FOR ADVANCEMENT ANNUALLY REVIEWS AND ENFORCES THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES ANNUALLY REVIEWS AND SETS COMPENSATION FOR THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 NEW HOPE CHRISTIAN ACADEMY PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT.