Totals
- Total revenue
- $1,907,485
- Total expenses
- $1,850,646
- Contributions and grants received
- $1,734,181
- Grants paid
- $0
- Program service revenue
- $11,629
- Investment income
- $85,146
- Other revenue
- $76,529
- Total assets, end of year
- $4,484,686
- Total liabilities, end of year
- $65,485
- Net assets or fund balances, end of year
- $4,419,201
- Program services expenses (Part IX)
- $1,435,624
- Management and general expenses
- $286,972
- Fundraising expenses
- $128,050
- Program service expenses (Part III)
- $1,435,624
Program services were 77.6% 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.
-
1c · Fundraising events
$228,409
-
1f · All other contributions, gifts and grants
$1,505,772
-
2a · Program service revenue: TUITION AND FEES
total $11,629 · related or exempt $11,629
-
3 · Investment income
total $85,146 · excluded $85,146
-
6a · Gross rents
real property $1,224
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,224
-
6d · Net rental income or loss
total $1,224 · excluded $1,224
-
8a · Fundraising events: gross income
$90,800
-
8a · Fundraising events: contributions included on line 1c
$228,409
-
8b · Fundraising events: direct expenses
$16,513
-
8c · Net income from fundraising events
total $74,287 · excluded $74,287
-
11a · Other revenue: OTHER REVENUE
total $1,018 · excluded $1,018
-
11e · Other revenue, total
$1,018
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $93,510 · management and general $93,510
-
7 · Other salaries and wages
total $935,198 · program services $757,294 · management and general $81,834 · fundraising $96,070
-
9 · Other employee benefits
total $151,810 · program services $151,810
-
10 · Payroll taxes
total $88,728 · program services $70,281 · management and general $14,765 · fundraising $3,682
-
11a · Fees: management
total $39,528 · management and general $39,528
-
11c · Fees: accounting
total $35,330 · management and general $35,330
-
12 · Advertising and promotion
total $28,298 · fundraising $28,298
-
13 · Office expenses
total $11,502 · program services $5,150 · management and general $6,352
-
16 · Occupancy
total $129,883 · program services $121,153 · management and general $8,730
-
19 · Conferences, conventions and meetings
total $11,514 · program services $11,514
-
22 · Depreciation, depletion and amortization
total $113,234 · program services $113,234
-
23 · Insurance
total $28,472 · program services $28,472
-
24a · Other expenses: SCHOOL SUPPLIES
total $70,081 · program services $63,158 · management and general $6,923
-
24b · Other expenses: CLASS ROOM MATERIALS
total $50,350 · program services $50,350
-
24c · Other expenses: STUDENT SUPPORT
total $26,941 · program services $26,941
-
24d · Other expenses: EXTRACURRICULAR
total $21,019 · program services $21,019
-
24e · All other expenses
total $15,248 · program services $15,248
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $552,418 · end of year $414,185
-
2 · Savings and temporary cash investments
beginning of year $1,753,795 · end of year $1,704,087
-
4 · Accounts receivable
beginning of year $164 · end of year $10,402
-
9 · Prepaid expenses and deferred charges
beginning of year $4,687 · end of year $15,397
-
10a · Land, buildings and equipment: cost or other basis
$2,994,008
-
10b · Land, buildings and equipment: accumulated depreciation
$653,576
-
10c · Land, buildings and equipment, net
beginning of year $2,111,239 · end of year $2,340,432
-
15 · Other assets
beginning of year $18 · end of year $183
-
17 · Accounts payable and accrued expenses
beginning of year $45,109 · end of year $44,240
-
25 · Other liabilities
beginning of year $14,850 · end of year $21,245
-
27 · Net assets without donor restrictions
beginning of year $4,347,091 · end of year $4,404,037
-
28 · Net assets with donor restrictions
beginning of year $15,271 · end of year $15,164
Mission and programs · 2023
Mission
THROUGH THE HOPE AND POWER OF CHRIST, WE PARTNER WITH FAMILIES AND THE COMMUNITY TO EDUCATE, ENCOURAGE, AND EQUIP OUR STUDENTS TO TRANSFORM THEIR FUTURES.
Activities or mission (Part I)
THROUGH THE HOPE AND POWER OF CHRIST, WE PARTNER WITH FAMILIES AND THE COMMUNITY TO EDUCATE, ENCOURAGE AND EQUIP OUR STUDENTS TO TRANSFORM THEIR FUTURE.
-
HOPE ACADEMY GSO, INC. IS A FAITH BASED SCHOOL THAT SERVES LOW INCOME CHILDREN AND FAMILIES IN GREENSBORO, NC. WE CURRENTLY SERVE 117 STUDENTS IN GRADES K-8. MANY OF OUR STUDENTS COME IN BELOW GRADE LEVEL AND WE WORK TO GET THEM ACHIEVING AT OR ABOVE GRADE LEVEL BEFORE THEY GRADUATE FROM HOPE IN 8TH GRADE. WE HELP STUDENTS NAVIGATE THE HIGH SCHOOL APPLICATION PROCESS FOR LOCAL MAGNET AND CHOICE OPTIONS. STUDENTS LEARN A GREAT DEAL ABOUT THEMSELVES AND SET GOALS FOR LIFE-LONG LEARNING. WE PARTNER WITH A NUMBER OF OTHER COMMUNITY ORGANIZATIONS TO PROVIDE AFTER SCHOOL TUTORING FOR STUDENTS AND SUMMER CAMP OPPORTUNITIES AS WELL AS GROUPS WHO PROVIDE COUNSELLING SERVICES.
Expenses $1,435,624 · Revenue $11,629
As filed on the 2023 return.
Listed in Part VII
-
Josh MullinsJOSH MULLINS
HEAD OF SCHOOL
- Total calculated
- $93,510
- From this org
- $93,510
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barry UteschBARRY UTESCH
DEVELOPMENT COMMITTEE CHAI
- Total calculated
- $0
- Hours/week
- 1
-
Kate BlackKATE BLACK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rich NewmanRICH NEWMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Maria BarkerMARIA BARKER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom PaulsenTOM PAULSEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susie GuhneSUSIE GUHNE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Neeko WilliamsNEEKO WILLIAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles AmisialCHARLES AMISIAL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Regina ClarkREGINA CLARK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marshall BenbowMARSHALL BENBOW
MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433029349301358
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