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Nonprofiteer
← HOPE EDUCATIONAL & RESEARCH CENTER

Form 990 for tax year 2022

Filed by HOPE EDUCATIONAL & RESEARCH CENTER.

Totals

Total revenue
$18,014,280
Total expenses
$19,504,717
Contributions and grants received
$0
Grants paid
$143,767
Program service revenue
$13,222,990
Investment income
$3,232,218
Other revenue
$1,559,072
Total assets, end of year
$187,657,626
Total liabilities, end of year
$1,436,047
Net assets or fund balances, end of year
$186,221,579
Program services expenses (Part IX)
$16,610,247
Management and general expenses
$2,894,470
Fundraising expenses
$0
Program service expenses (Part III)
$16,610,247

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TUITION AND FEES

    total $13,104,564 · related or exempt $13,104,564

  • 2b · Program service revenue: TEACHERS EDUCATION

    total $118,426 · related or exempt $118,426

  • 3 · Investment income

    total $2,555,898 · excluded $2,555,898

  • 6a · Gross rents

    real property $1,501,740

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,501,740

  • 6d · Net rental income or loss

    total $1,501,740 · excluded $1,501,740

  • 7a · Gross sales of assets other than inventory

    securities $19,862,163 · other assets $474,341

  • 7b · Less cost or other basis and sales expenses

    securities $19,659,343 · other assets $841

  • 7c · Gain or loss

    securities $202,820 · other assets $473,500

  • 7d · Net gain or loss

    total $676,320 · unrelated business $474,341 · excluded $201,979

  • 11a · Other revenue: MISCELLANEOUS

    total $35,130 · related or exempt $35,130

  • 11b · Other revenue: CONFERENCE REVENUE

    total $22,202 · related or exempt $22,202

  • 11e · Other revenue, total

    $57,332

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $143,767 · program services $143,767

  • 5 · Compensation of officers, directors and key employees

    total $1,216,594 · program services $266,272 · management and general $950,322

  • 7 · Other salaries and wages

    total $9,963,981 · program services $9,171,839 · management and general $792,142

  • 9 · Other employee benefits

    total $1,264,267 · program services $1,077,690 · management and general $186,577

  • 10 · Payroll taxes

    total $791,653 · program services $696,446 · management and general $95,207

  • 11a · Fees: management

    total $24,239 · program services $20,081 · management and general $4,158

  • 11b · Fees: legal

    total $39,215 · program services $4,201 · management and general $35,014

  • 11c · Fees: accounting

    total $55,080 · management and general $55,080

  • 11f · Fees: investment management

    total $222,852 · management and general $222,852

  • 12 · Advertising and promotion

    total $50,603 · program services $50,437 · management and general $166

  • 13 · Office expenses

    total $804,808 · program services $757,448 · management and general $47,360

  • 16 · Occupancy

    total $475,226 · program services $430,709 · management and general $44,517

  • 17 · Travel

    total $47,324 · program services $44,697 · management and general $2,627

  • 19 · Conferences, conventions and meetings

    total $56,964 · program services $56,964

  • 22 · Depreciation, depletion and amortization

    total $1,671,404 · program services $1,550,461 · management and general $120,943

  • 23 · Insurance

    total $544,151 · program services $445,703 · management and general $98,448

  • 24a · Other expenses: FOOD

    total $964,667 · program services $964,624 · management and general $43

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $605,027 · program services $494,469 · management and general $110,558

  • 24c · Other expenses: COMMUNITY ACTIVITIES

    total $161,582 · program services $145,849 · management and general $15,733

  • 24d · Other expenses: VEHICLE EXPENSES

    total $110,675 · program services $98,552 · management and general $12,123

  • 24e · All other expenses

    total $290,638 · program services $190,038 · management and general $100,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $624,288 · end of year $594,729

  • 2 · Savings and temporary cash investments

    beginning of year $982,552 · end of year $1,016,168

  • 4 · Accounts receivable

    beginning of year $44,084 · end of year $78,426

  • 7 · Other notes and loans receivable

    beginning of year $29,843 · end of year $35,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,264 · end of year $115,896

  • 10a · Land, buildings and equipment: cost or other basis

    $65,582,100

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,704,697

  • 10c · Land, buildings and equipment, net

    beginning of year $33,167,206 · end of year $31,877,403

  • 11 · Investments: publicly traded securities

    beginning of year $59,364,882 · end of year $59,233,842

  • 12 · Investments: other securities

    beginning of year $92,493,422 · end of year $92,048,331

  • 14 · Intangible assets

    beginning of year $1,528,447 · end of year $1,528,447

  • 15 · Other assets

    beginning of year $980,085 · end of year $1,128,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,298,764 · end of year $1,195,121

  • 19 · Deferred revenue

    beginning of year $318,293 · end of year $240,926

  • 27 · Net assets without donor restrictions

    beginning of year $187,712,016 · end of year $186,221,579

Mission and programs · 2022

Mission

OUR MISSION IS TO SERVE THE EDUCATIONAL NEEDS OF CHILDREN FROM INFANCY THROUGH ELEMENTARY SCHOOL AND THROUGH THIS, INSTILL A SOLID FOUNDATION FOR THE DEVELOPMENT OF COMPETENT, RESPONSIBLE, AND ADAPTIVE CITIZENS WHO ARE EFFECTIVE PROBLEM-SOLVERS AND LIFE-LONG LEARNERS.

  • WE SERVE THE NEEDS OF OUR COMMUNITY.THE HOPE EDUCATIONAL AND RESEARCH CENTER NETWORK OF SCHOOLS SERVES MORE THAN 2000 MISSOURI CHILDREN EVERY YEAR. OUR FAMILIES HAVE THE OPTION OF SELECTING EITHER A MONTESSORI-BASED APPROACH OR A TRADITIONAL APPROACH TO EDUCATION FOR THEIR CHILDREN. BOTH ALTERNATIVES AFFORD CHILDREN THE BENEFIT OF LEARNING IN STATE-OF-THE-ART, EDUCATIONAL ENVIRONMENT AND BOTH ALTERNATIVES AFFORD CHILDREN THE BENEFIT OF LEARNING FROM FULLY TRAINED AND CERTIFIED FACULTY AND STAFF. IN ADDITION, HOPE EDUCATIONAL AND RESEARCH CENTER PROVIDES OVERSIGHT AND MANAGEMENT OF ITS CONTROLLED AFFILIATE, HOPE MONTESSORI ACADEMY (HMA). HMA OPERATES 8 MONTESSORI SCHOOLS IN COLORADO SERVING APOROXIMATELY 2000 CHILDREN. HMA FILES A SEPARATE FORM 990. HOPE EDUCATIONAL & RESEARCH CENTER IS THE SOLE CORPORATE MEMBER OF HMA.OUR SCHOOLS ARE CHARACTERIZED BY A HIGHLY DIVERSIFIED STUDENT BODY AS RELATES TO RACE, RELIGION, ETHNICITY AND NATIONALITY. THE BREADTH OF OUR DIVERSITY IS UNMATCHED BY ANY OTHER SCHOOL OR EDUCATIONAL PROGRAM IN THE GREATER ST. LOUIS AREA. THIS IS A UNIQUE ADVANTAGE THAT SERVES TO PROMOTE COLLABORATION, UNDERSTANDING AND A SENSE OF COMMUNITY WITHIN THE STUDENT BODY AND AMONG THE FAMILIES WE SERVE.WE MAINTAIN THE HIGHEST PROFESSIONAL STANDARDS. THE PROFESSIONAL STANDARDS TO WHICH WE HOLD OUR ORGANIZATION, OUR FACULTY AND OUR STAFF ROUTINELY EXCEED ANY STATE GUIDELINES OR MANDATES, ESPECIALLY AS RELATES TO STUDENT-TEACHER RATIOS, CONTINUING EDUCATION REQUIREMENTS, CPR TRAINING, FIRST AID TRAINING, ETC.AS A DEMONSTRATION OF OUR COMMITMENT TO UPHOLDING THE HIGHEST PROFESSIONAL STANDARDS, WE SUSPEND ALL SCHOOL OPERATIONS ON THE SECOND FRIDAY OF FEBRUARY EACH YEAR IN ORDER TO HOST AN ORGANIZATION-WIDE PROFESSIONAL CONFERENCE DESIGNED TO SERVE THE CONTINUING EDUCATIONAL NEEDS OF OUR FACULTY AND STAFF. THE INTERESTS AND NEEDS OF OUR EMPLOYEES GUIDE THE FOCUS OF OUR CONFERENCE EACH YEAR. AS A SUPPLEMENT TO THIS EVENT, OUR SCHOOLS HOST VARIOUS WORKSHOPS, LECTURES AND OTHER TRAINING PROGRAMS THROUGHOUT THE YEAR TO INSURE PLENTY OF OPPORTUNITIES FOR FACULTY AND STAFF TO ACQUIRE THE TRAINING THEY NEED TO PERFORM AT THE HIGHEST POSSIBLE PROFESSIONAL AND EDUCATIONAL STANDARDS.OUR FACULTY AND STAFF ARE RECOGNIZED FOR PROFESSIONAL ACHIEVEMENT.OUR FACULTY AND STAFF MAKE MEANINGFUL CONTRIBUTIONS TO PROFESSIONAL ASSOCIATIONS AND CIVIC ORGANIZATIONS EACH YEAR. THEY ARE ROUTINELY RECOGNIZED BY INDEPENDENT EDUCATIONAL AND ACCREDITING BODIES FOR OUTSTANDING WORK IN THE FIELD OF EDUCATION. AWARDS PREVIOUSLY CONFERRED ON OUR FACULTY AND STAFF INCLUDE THE TEACHER OF DISTINCTION AWARD BY THE INDEPENDENT SCHOOLS OF ST. LOUIS (ISSL), THE EMERSON ELECTRIC COMPANY'S EXCELLENCE IN TEACHING AWARD, THE CREVE COEUR OLIVETTE CHAMBER OF COMMERCE'S BUSINESSPERSON OF THE YEAR AWARD (FOR ACCOMPLISHMENTS OF THE CHAMBER'S EDUCATION COMMITTEE), AMONG MANY OTHERS.IN ADDITION, OUR FACULTY MEMBERS CONDUCT CLASSES, WORKSHOPS, SEMINARS AND LECTURES AT OUR OWN SCHOOLS, AT COMPETITOR SCHOOLS, AT REGIONAL AND NATIONAL PROFESSIONAL CONFERENCES AND AT LOCAL INSTITUTIONS OF HIGHER EDUCATION. PRESENTATIONS HAVE INCLUDED VENUES SUCH AS WEBSTER UNIVERSITY, MARYVILLE UNIVERSITY, ST. LOUIS COOPERATIVE SCHOOL DISTRICT, ST. LOUIS CHILD DAY CARE ASSOCIATION, AMERICAN MONTESSORI SOCIETY REGIONAL AND NATIONAL CONFERENCES, AMONG MANY OTHER TRAINING CENTER PROGRAMS.WE SUPPORT THE EDUCATIONAL ASPIRATIONS OF OUR FACULTY AND STAFF.AS A DEMONSTRATION OF OUR COMMITMENT TO OUR FACULTY AND STAFF, WE OFFER EMPLOYEE ASSISTANCE PROGRAMS AS A WAY TO ENCOURAGE EDUCATIONAL ADVANCEMENT WITHIN THE RANKS OF OUR ORGANIZATION. THE HOPE EDUCATIONAL ASSISTANCE PROGRAM PROVIDES FINANCIAL ASSISTANCE TO PART-TIME EMPLOYEES WHO ARE WORKING THEIR WAY THROUGH AN UNDERGRADUATE DEGREE. THE HOPE MONTESSORI ASSISTANCE PROGRAM PROVIDES FINANCIAL ASSISTANCE TO EMPLOYEES INTERESTED IN PURSUING MONTESSORI CERTIFICATION.WE ARE COMMITTED TO EXCELLENCE IN EDUCATION.WE BELIEVE THAT OUR COMMITMENT TO EXCELLENCE IN THE EDUCATION AND CARE OF OUR STUDENTS, OUR FAMILIES, OUR FACULTY AND STAFF IS WHAT SEPARATES US FROM ANY OTHER PRIVATE SCHOOL IN GREATER ST. LOUIS AND THE CENTRAL MISSOURI REGION.

    Expenses $15,834,475 · Grants $143,767 · Revenue $13,104,564

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $775,772 · Revenue $118,426

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • MARK SIGNORELLI

    CHAIRMAN & CEO

    Total calculated
    $481,020
    From this org
    $457,150
    From related orgs
    $0
    Other
    $23,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,000
    Bonus
    $5,000
    Other
    $17,150
    Deferred
    $0
    Nontaxable benefits
    $23,870
    Filer's total
    $481,020

  • LOUIS HELMSING

    SECRETARY

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOHN LOUGHLIN

    VICE-PRESIDENT

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TIM DOLAN

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRAD LEMASTERS

    TREASURER & CFO

    Total calculated
    $274,149
    From this org
    $248,787
    From related orgs
    $0
    Other
    $25,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,837
    Bonus
    $5,000
    Other
    $17,950
    Deferred
    $0
    Nontaxable benefits
    $25,362
    Filer's total
    $274,149

  • DAN SIGNORELLI

    VP-REAL ESTATE

    Total calculated
    $274,862
    From this org
    $250,105
    From related orgs
    $0
    Other
    $24,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,000
    Bonus
    $5,000
    Other
    $15,105
    Deferred
    $0
    Nontaxable benefits
    $24,757
    Filer's total
    $274,862

  • JAIME DODD

    DIRECTOR OF OPERATIONS

    Total calculated
    $255,757
    From this org
    $245,626
    From related orgs
    $0
    Other
    $10,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,250
    Bonus
    $5,000
    Other
    $16,376
    Deferred
    $0
    Nontaxable benefits
    $10,131
    Filer's total
    $255,757

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • HOPE MONTESSORI ACADEMY

    501(C)(3) · EDUCATIONAL INSTITUTION · MO

    Directly controlled by HOPE EDUCATIONAL & RESEARCH CENTER

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202430549349300608

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