Overview
What is New Hope Academy?
New Hope Academy is a private institution situated in Lehi, Utah (1133 WEST 3200 NORTH, 84043). Established with a specific mission, it caters to the unique needs of challenging children, predominantly those diagnosed with Reactive Attachment Disorder (RAD). The primary goal of New Hope Academy is to establish a consistent and secure environment that empowers a child to develop essential skills, enabling them to contribute positively to their family, learn effectively, and positively impact society. The school's team consists of 13 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
New Hope Academy has received a One-Star rating from Charity Navigator, indicating areas of concern in its accountability and financial practices. With an Accountability & Finance Score of 45, the organization shows significant room for improvement in financial transparency and management, despite having strong scores in other categories.
On a positive note, New Hope Academy excels in cultural and community engagement, achieving a perfect score of 100 in both the Culture & Community and Leadership & Adaptability categories. The organization demonstrates effective feedback collection and usage, ensuring that community input is valued and integrated into its operations. Their high program expense ratio of 88.94% reflects a strong commitment to directing resources toward their mission.
However, the financial stability of the organization raises flags, as indicated by a liabilities to assets ratio of 59.33%. This could pose risks to the organization’s long-term sustainability. Overall, while New Hope Academy shows strengths in community engagement and leadership development, it must address its financial accountability to enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Academy legitimate?
New Hope Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Academy 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: $258,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,413
For more financial information, click here
What is the mission statement of New Hope Academy?
New Hope Academy, a private institution, is specifically designed to cater to the needs of challenging children, primarily those diagnosed with Reactive Attachment Disorder (RAD). The school's primary goal is to establish a consistent and secure environment that enables these children to develop the necessary skills to become valuable contributors to their families, excel in their education, and positively impact society. The mission of New Hope Academy is to provide these children with the best opportunity to grow and progress, fostering their ability to contribute positively to their personal and societal spheres.
Who is the CEO of New Hope Academy?
Lauralee Norton is the Executive Di of New Hope Academy.
What is the revenue of New Hope Academy?
New Hope Academy's revenue in 2022 was $503,782.
Who are the executives of New Hope Academy and what are their salaries?
The average compensation at New Hope Academy during 2022 was $24,892. There are 13 employees and 35 volunteers at New Hope Academy.
Here are 3 key members and their salaries:
- Compensation: $119,805
- Related: $0
- Other: $0
- Compensation: $111,745
- Related: $0
- Other: $0
- Compensation: $26,634
- Related: $0
- Other: $0
Where can I find the form 990 for New Hope Academy?
New Hope Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hope Academy
New Hope Academy, a private institution, is established with a specific purpose of catering to the unique needs of challenging children. A substantial number of its students have been diagnosed with Reactive Attachment Disorder (RAD). The primary objective of New Hope Academy is to establish a consistent and secure environment that allows a child to maximize their potential in gaining essential skills. This environment is designed to foster the child's ability to contribute positively to their family, learn effectively, and make a positive impact on society at large.
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Impact
July, 2024
New Hope Academy's impact is profound and life-changing for the students it serves. By specifically catering to challenging kids, particularly those diagnosed with Reactive Attachment Disorder (RAD), the academy aims to create a consistent and safe environment that fosters skill development and positive contributions to families and society. Through their specialized approach, New Hope Academy helps students gain the necessary skills to become productive members of their communities and families, making a lasting impact on the lives of these children and the broader society.
This information is meant to be a general summary of New Hope Academy. 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: $7
- Program Service Revenue: $503,775
- Gross Receipts: $503,782
Assets and Liabilities:
- Total Assets: $291,570
- Total Liabilities: $173,003
- Net Assets: $118,567
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIVATE SCHOOL SERVICES
Revenue
$503,775
Organization Details
Founding Year
2012
Phone
(801) 772-1092Principal Officer
Lauralee Norton
Main Address
1133 WEST 3200 NORTH, LEHI, UT, 84043
NTEE Category
Code: B28 - Education
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