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Nonprofiteer
← NEW HOPE CHRISTIAN ACADEMY INC

Form 990 for tax year 2023

Filed by NEW HOPE CHRISTIAN ACADEMY INC.

Totals

Total revenue
$9,012,041
Total expenses
$7,571,344
Contributions and grants received
$6,710,755
Grants paid
$1,351,769
Program service revenue
$2,198,921
Investment income
$102,365
Other revenue
$0
Total assets, end of year
$6,655,629
Total liabilities, end of year
$1,604,213
Net assets or fund balances, end of year
$5,051,416
Program services expenses (Part IX)
$6,539,078
Management and general expenses
$910,479
Fundraising expenses
$121,787
Program service expenses (Part III)
$6,539,078

Program services were 86.4% 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.

  • 1e · Government grants (contributions)

    $816,678

  • 1f · All other contributions, gifts and grants

    $5,894,077

  • 2a · Program service revenue: TUITION REVENUE

    total $1,776,776 · related or exempt $1,776,776

  • 2b · Program service revenue: PROGRAM FEES

    total $422,145 · related or exempt $422,145

  • 3 · Investment income

    total $102,365 · excluded $102,365

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,351,769 · program services $1,351,769

  • 5 · Compensation of officers, directors and key employees

    total $284,134 · program services $95,696 · management and general $135,363 · fundraising $53,075

  • 7 · Other salaries and wages

    total $3,371,947 · program services $3,179,302 · management and general $175,870 · fundraising $16,775

  • 9 · Other employee benefits

    total $516,930 · program services $472,133 · management and general $35,777 · fundraising $9,020

  • 10 · Payroll taxes

    total $295,072 · program services $264,316 · management and general $25,119 · fundraising $5,637

  • 11c · Fees: accounting

    total $24,046 · management and general $24,046

  • 11g · Fees: other

    total $121,188 · management and general $121,188

  • 12 · Advertising and promotion

    total $30,366 · management and general $30,366

  • 13 · Office expenses

    total $50,506 · management and general $38,670 · fundraising $11,836

  • 14 · Information technology

    total $43,250 · management and general $43,250

  • 22 · Depreciation, depletion and amortization

    total $211,891 · program services $180,107 · management and general $31,784

  • 23 · Insurance

    total $56,242 · management and general $56,242

  • 24a · Other expenses: PROGRAM

    total $356,806 · program services $325,238 · management and general $6,124 · fundraising $25,444

  • 24b · Other expenses: MAINTENANCE

    total $307,942 · program services $261,751 · management and general $46,191

  • 24c · Other expenses: SCHOOL MEALS

    total $165,733 · program services $162,738 · management and general $2,995

  • 24d · Other expenses: SECURITY

    total $108,825 · program services $92,502 · management and general $16,323

  • 24e · All other expenses

    total $274,697 · program services $153,526 · management and general $121,171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $219,057 · end of year $1,760,484

  • 2 · Savings and temporary cash investments

    beginning of year $1,893,315 · end of year $1,995,680

  • 4 · Accounts receivable

    beginning of year $61,517 · end of year $28,263

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,548 · end of year $52,171

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

    $5,841,159

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

    $3,091,184

  • 10c · Land, buildings and equipment, net

    beginning of year $2,949,575 · end of year $2,749,975

  • 15 · Other assets

    beginning of year $0 · end of year $69,056

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,851 · end of year $176,099

  • 19 · Deferred revenue

    beginning of year $3,258 · end of year $7,289

  • 25 · Other liabilities

    beginning of year $1,386,184 · end of year $1,420,825

  • 27 · Net assets without donor restrictions

    beginning of year $3,564,195 · end of year $5,046,794

  • 28 · Net assets with donor restrictions

    beginning of year $46,524 · end of year $4,622

Mission and programs · 2023

Mission

NEW HOPE CHRISTIAN ACADEMY IS AN URBAN COLLEGE PREPARATORY ELEMENTARY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING INTELLECTUAL AND CHRIST-CENTERED EDUCATION.

Activities or mission (Part I)

COLLEGE PREPARATORY ELEMENTARY EDUCATION

  • URBAN COLLEGE PREPARATORY ELEMENTARY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING INTELLECTUAL AND CHIRST-CENTERED EDUCATION.

    Expenses $6,539,078 · Grants $1,351,769 · Revenue $2,198,921

As filed on the 2023 return.

Listed in Part VII

  • KEN BENNETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELLIOT PERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MURFF GALBREATH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TORI THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARCUS LEWIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MANKEN CHIGAWA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANET GERBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PRESTON ALBERTINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEKEL HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN HILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETSY BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ADRIAN BLACKNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMBER BRYAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMEKA WALLACE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LIONEL CABLE

    HEAD OF SCHOOL

    Total calculated
    $222,157
    From this org
    $198,793
    From related orgs
    $0
    Other
    $23,364
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $198,793
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,364
    Filer's total
    $222,157

  • ISAAC BYRD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JIM DORMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHY WILLIAMS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $65,392
    From this org
    $57,348
    From related orgs
    $0
    Other
    $8,044
    Hours/week
    40

  • ELIZABETH STONE

    FORMER CHIEF FINANCIAL OFFICER

    Total calculated
    $95,270
    From this org
    $95,270
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443139349300209

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