Overview
What is Hope Academy Inc?
Hope Academy Inc is a nonprofit organization situated in Gulfport, Mississippi, specifically at 14231 Seaway Rd STE 7010. Their primary mission is to manage and operate Hope Academy, an independent, non-denominational educational institution. This school caters to students from pre-K2 to 12th grade, providing a comprehensive learning environment for the local community in Gulfport, MS. The organization's purpose is to foster a nurturing and supportive educational environment, empowering students to reach their full potential.
What are the reviews and ratings of this charity?
Charity Navigator rates Hope Academy Inc at 64%, resulting in a Two-Star out of Four Star rating. This score reflects concerns primarily in financial transparency, as the organization did not provide financial statements or post essential tax forms on its website, which impacted its accountability rating significantly.
Despite these limitations, Hope Academy demonstrates strong governance with a fully independent board and robust policies regarding conflict of interest, whistleblower protection, and document retention. The organization allocates a commendable 94.04% of its expenses directly to programs, indicating a strong commitment to its mission and effective use of resources.
However, the high liabilities to assets ratio of 82.43% raises questions about financial stability, indicating potential risks ahead. Overall, while Hope Academy Inc exhibits strong programmatic focus and governance practices, improvements in financial transparency and accountability are necessary for higher ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Academy Inc legitimate?
Hope Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $783,990
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What is the mission statement of Hope Academy Inc?
Hope Academy Inc's mission is centered around the operation and management of an independent, non-denominational school. This educational institution caters to students from pre-K2 to 12th grade. The organization's primary objective is to provide a learning environment that fosters growth and development for its students. By operating Hope Academy, the organization aims to contribute positively to the educational landscape. While the provided information does not detail specific goals or objectives beyond operation and management, it is implied that the school's mission is to provide quality education to its students.
Who is the CEO of Hope Academy Inc?
Martin Goldin is the President/Chairman of Hope Academy Inc.
What is the revenue of Hope Academy Inc?
Hope Academy Inc's revenue in 2021 was $1,301,035.
Who are the executives of Hope Academy Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Hope Academy Inc?
Hope Academy Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Hope Academy Inc
Hope Academy Inc is committed to operating and managing an independent, non-denominational school. This school, located in Gulfport, MS, caters to students from pre-K2 to 12th grade. The organization's primary mission is to provide a high-quality education to its students, fostering an atmosphere that encourages learning and personal growth. By operating and managing Hope Academy, the organization seeks to contribute positively to the local community and provide a valuable educational resource for families in the area.
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Impact
July, 2024
Hope Academy Inc's impact can be seen in the way it provides a high-quality education to students ranging from Pre-K2 through 12th grade in Gulfport, MS. The school's non-denominational approach ensures that students receive a well-rounded education without the influence of any specific religious beliefs. By offering a comprehensive curriculum and a supportive learning environment, Hope Academy Inc is empowering students to achieve their full potential and succeed academically. Additionally, the school's focus on education is contributing to the growth and development of the Gulfport community by preparing students to become informed, engaged citizens.
This information is meant to be a general summary of Hope Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $1,285,089
- Gross Receipts: $1,301,035
Assets and Liabilities:
- Total Assets: $5,552,115
- Total Liabilities: $4,288,100
- Net Assets: $1,264,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$916,046
REGISTRATION FEES INCO
Revenue
$47,200
STUDENT LUNCH INCOME
Revenue
$34,962
EXTENDED CARE SERVICES
Revenue
$29,635
STUDENT ACTIVITY INCOM
Revenue
$13,310
Organization Details
Founding Year
2002
Phone
(228) 575-7757Principal Officer
Martin Goldin
Main Address
14231 SEAWAY RD STE 7010, GULFPORT, MS, 39503
NTEE Category
Code: X21 - Religion related
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