Overview
What is Hope Academy Charter School?
Hope Academy Charter School is a nonprofit institution committed to fostering the development of well-rounded, educated, and compassionate individuals. Established with a strong mission, the school emphasizes hard work, open communication, personal commitment, and a pursuit of excellence. By utilizing appropriate educational resources and programs, Hope Academy Charter School prepares its scholars for their future college and career endeavors. The school's core values inspire its students to strive for success and avoid failure, ultimately aiming to cultivate responsible, community-oriented citizens who will inspire others to follow in their footsteps.
Official website here: www hopeacademycs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hope Academy Charter School received a Two-Star out of Four Star rating from Charity Navigator, indicating that it has significant areas needing improvement, particularly in its governance and board composition. The organization scored 64%, with its evaluation primarily based on accountability and finance. While it has some strong financial metrics, such as a solid audit process and a favorable liabilities to assets ratio, it falls short in areas like having an independent board, which is vital for effective oversight.
The lack of independent board members is a notable weakness, as this can compromise the organization's governance and transparency. Additionally, the program expense ratio indicates that a lower-than-ideal percentage of funds are allocated directly to its programs. These factors contribute to the need for better financial management and strategic oversight to enhance its overall effectiveness.
Despite these challenges, Hope Academy has established certain positive practices, including having comprehensive conflict of interest and whistleblower policies in place. This demonstrates a commitment to accountability in some areas. However, improving board independence and maximizing program expenditure could significantly benefit the school moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Academy Charter School legitimate?
Hope Academy Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Academy Charter School 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: $306,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,498,315
For more financial information, click here
Official website here: www hopeacademycs.org
What is the mission statement of Hope Academy Charter School?
Hope Academy Charter School's mission is centered around producing well-rounded individuals who exhibit intelligence, competence, compassion, and a commitment to their community. The school encourages its students to instill these qualities in others, fostering a culture of knowledge, action, and empathy. The educational approach at Hope Academy is grounded in its core values: hard work, open communication, personal commitment, and striving for excellence. The school strongly believes that failure is not an option, emphasizing the importance of perseverance and determination in the learning process.
Official website here: www hopeacademycs.org
Who is the CEO of Hope Academy Charter School?
Claudia Morgan is the President of Hope Academy Charter School.
Official website here: www hopeacademycs.org
What is the revenue of Hope Academy Charter School?
Hope Academy Charter School's revenue in 2022 was $6,592,241.
Official website here: www hopeacademycs.org
Who are the executives of Hope Academy Charter School and what are their salaries?
The average compensation at Hope Academy Charter School during 2022 was $47,544. There are 59 employees at Hope Academy Charter School.
Here are 7 key members and their salaries:
- Compensation: $190,474
- Related: $0
- Other: $0
- Compensation: $116,308
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www hopeacademycs.org
Where can I find the form 990 for Hope Academy Charter School?
Hope Academy Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www hopeacademycs.org
Learn more at the official website: www hopeacademycs.org
Mission Statement of Hope Academy Charter School
Hope Academy Charter School is dedicated to cultivating intelligent, capable, compassionate, and community-focused individuals. This mission is grounded in its core values, which emphasize hard work, open and honest communication, personal commitment, and a pursuit of excellence. The school believes that failure is not an option, underscoring its commitment to nurturing students who will inspire others to strive for knowledge, competence, and community involvement. By instilling these values, Hope Academy Charter School aims to produce well-rounded citizens equipped to make a positive impact in their communities and beyond.
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Impact
October, 2024
Hope Academy Charter School plays a significant role in shaping the future of its students and the broader community in Asbury Park, NJ. By focusing on producing intelligent, competent, compassionate, and community-minded citizens, the school emphasizes the importance of developing well-rounded individuals who can contribute positively to society.
The educational philosophy embedded in Hope Academy's Core Values—Hard Work, Open and Honest Communications, Personal Commitment, and Excellence—guides the school's approach to teaching and learning. This commitment fosters an environment where students are encouraged to strive for excellence and to develop a strong work ethic. The belief that "FAILURE IS NOT AN OPTION" further reinforces a culture of resilience and perseverance among students.
Through its programs and curricular resources, Hope Academy prepares scholars for college and career readiness, ensuring they are equipped with the necessary skills and knowledge to succeed in their future endeavors. By instilling a sense of community responsibility and encouraging students to teach others, the school creates a cycle of positive impact that extends beyond the classroom and into the community at large.
This information is meant to be a general summary of Hope Academy Charter School. 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: $2,274
- Gross Receipts: $6,802,531
Assets and Liabilities:
- Total Assets: $10,130,909
- Total Liabilities: $5,722,997
- Net Assets: $4,407,912
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Organization Details
Founding Year
2001
Phone
(732) 988-4227Principal Officer
Claudia Morgan
Main Address
601 GRAND AVE, ASBURY PARK, NJ, 07712
Website
www hopeacademycs.orgNTEE Category
Code: B29 - Education
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