Overview
What is Hope Academy Of Milford Inc?
Hope Academy of Milford Inc is a nonprofit organization situated in Orange, Connecticut. Their primary mission is to extend educational services to around 75 students who are unable to attend conventional public schools. By offering a nurturing environment, Hope Academy aims to help these students overcome challenges and facilitate their academic growth. The organization's location within Orange, CT, serves as a beacon for those in need of alternative educational opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hope Academy of Milford Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 64%. This rating is based on a single beacon score, indicating areas where the organization may need to enhance its practices and compliance. The accountability and finance metrics highlight both strengths and weaknesses in governance and financial transparency.
The organization demonstrates solid financial management with a program expense ratio of 81.34%, indicating that a substantial portion of its budget is directed toward its programs. Moreover, the nonprofit has successfully avoided any material diversion of assets, which is a positive indicator of its operational integrity. However, several key governance policies, such as a conflict of interest policy and a whistleblower policy, are missing, suggesting potential gaps in accountability.
Additionally, the board structure raises concerns, as there are only two independent board members, which limits oversight. The absence of a publicly accessible website noted on the tax form and missing financial statements further detracts from transparency. Overall, while Hope Academy of Milford Inc shows a commitment to its mission through program spending, it faces challenges in governance and transparency that need to be addressed for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Academy Of Milford Inc legitimate?
Hope Academy Of Milford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Academy Of Milford 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: $647,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,164,124
For more financial information, click here
What is the mission statement of Hope Academy Of Milford Inc?
Hope Academy of Milford Inc., as a organization, is dedicated to offering educational services to around 75 students who are unable to attend standard public schools. Its primary focus is on providing an educational environment that caters to the unique needs of these students. While the specific mission statement, as provided, is not available, it can be inferred that the academy aims to empower and educate these students, enabling them to reach their full potential despite their circumstances.
Who is the CEO of Hope Academy Of Milford Inc?
Laura Carroll is the President of Hope Academy Of Milford Inc.
What is the revenue of Hope Academy Of Milford Inc?
Hope Academy Of Milford Inc's revenue in 2022 was $5,834,624.
Who are the executives of Hope Academy Of Milford Inc and what are their salaries?
The average compensation at Hope Academy Of Milford Inc during 2022 was $74,734. There are 51 employees and 2 volunteers at Hope Academy Of Milford Inc.
Here are 4 key members and their salaries:
- Compensation: $572,625
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $74,664
- Related: $0
- Other: $0
Where can I find the form 990 for Hope Academy Of Milford Inc?
Hope Academy Of Milford Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Academy Of Milford Inc
Hope Academy of Milford Inc, as stated, is dedicated to providing education services to approximately 75 students who are unable to attend standard public schools. Situated in Orange, Connecticut, this nonprofit organization plays a crucial role in catering to the educational needs of these students, offering them an alternative learning environment. The academy's mission is to ensure that every student receives the necessary education they deserve, despite any challenges they may face in attending a traditional school setting.
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Impact
July, 2024
Hope Academy Of Milford Inc's impact can be seen in the lives of approximately 75 students who are unable to attend standard public schools. Through its education services, this academy in Orange, CT, is providing a valuable opportunity for these students to pursue their academic goals and thrive in a supportive environment. By offering tailored education services, Hope Academy is not only shaping the futures of these students but also contributing to the broader goal of ensuring access to quality education for all.
This information is meant to be a general summary of Hope Academy Of Milford 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 2022.
- Investment Income: $34
- Program Service Revenue: $5,829,739
- Gross Receipts: $5,834,624
Assets and Liabilities:
- Total Assets: $3,003,846
- Total Liabilities: $4,638
- Net Assets: $2,999,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$5,829,739
Organization Details
Founding Year
2001
Phone
(203) 799-6000Principal Officer
Laura Carroll
Main Address
89 MARSH HILL ROAD, ORANGE, CT, 06477
NTEE Category
Code: B28 - Education
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