Overview
What is Upward Hope Academy Inc?
Upward Hope Academy Inc, a nonprofit based in Galveston, Texas, aims to assist high school students in escaping the cycle of poverty and hopelessness. They achieve this by providing a tuition-free, accredited education, enabling their students to become productive citizens. To further support their mission, they have introduced permanent funding programs and expanded life skills programs. Three new fundraising initiatives have been added, including administrative quests for permanent funds, endowed scholarship chairs, and traditional major donor outreach. On the academic and student development side, they are strengthening their life skills program, teaching essential concepts that many students lack due to their backgrounds. They are collaborating with Galveston College and have launched five life skills programs, including a successful agricultural/farming program. The culinary arts program is also in the pipeline for implementation within the next year.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Upward Hope Academy Inc has received a Three-Star rating from Charity Navigator, with an overall score of 77%. This score is determined entirely through its Accountability & Finance metrics, which reflect the organization's commitment to financial transparency and responsible governance. The organization scored particularly well in areas such as having a majority of independent board members and maintaining a whistleblower policy.
Strengths of Upward Hope Academy include its high percentage of independent board members and a clean record with respect to material diversion of assets. The organization has also established robust governance policies, which include a conflict of interest policy and documentation of board meeting minutes. However, one area for improvement is its program expense ratio, which stands at 56.66%, suggesting that a larger portion of its expenses might not be directly supporting its programs.
Overall, while Upward Hope Academy demonstrates strong accountability and finance practices, enhancing its program spending could further strengthen its impact and effectiveness. The organization is well-structured, with sound policies in place to uphold its mission and serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Upward Hope Academy Inc legitimate?
Upward Hope Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upward 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
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Other Salaries and Wages: $188,719
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What is the mission statement of Upward Hope Academy Inc?
Upward Hope Academy Inc's mission is focused on assisting high school students who are grappling with poverty and a sense of hopelessness. The academy aims to equip these students with an education that will empower them to become productive citizens in the future. As a tuition-free, private high school that is accredited, Upward Hope Academy provides a learning environment that fosters personal growth and development.
To further its mission, the academy has initiated a program to secure permanent funding and expanded its life skills programs. This year, three new fundraising programs have been added to their agenda, including an administrative quest for permanent sustaining funds, endowed scholarship chairs for individual, corporate, and foundation donors, and compiling a list of traditional major donors from whom they will seek traditional endowment gifts.
In the academic and student development aspects of its mission, Upward Hope Academy is adding or expanding its life skills program, which teaches various concepts that most individuals learn at home or in elementary and high school. Many of their students have never held a job, so the academy is working closely with Galveston College to prepare them for the workforce. They have launched five different life skills programs, including a successful agricultural/farming program, and are planning to introduce an introductory culinary arts program within the next year.
Who is the CEO of Upward Hope Academy Inc?
Christopher Frederickson is the Headmaster of Upward Hope Academy Inc.
What is the revenue of Upward Hope Academy Inc?
Upward Hope Academy Inc's revenue in 2022 was $187,346.
Who are the executives of Upward Hope Academy Inc and what are their salaries?
The average compensation at Upward Hope Academy Inc during 2022 was $31,453. There are 6 employees and 20 volunteers at Upward Hope Academy Inc.
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Where can I find the form 990 for Upward Hope Academy Inc?
Upward Hope Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Upward Hope Academy Inc
Upward Hope Academy, a tuition-free, private high school, is committed to assisting high school students break free from the chains of poverty and hopelessness. Their mission is to provide these students with an education that equips them to become productive citizens. The academy recognizes the importance of teaching life skills beyond academics, as many of its students have not had the opportunity to gain practical experiences. To achieve this, Upward Hope Academy has initiated programs to teach essential concepts that are typically learned at home or in elementary and high school.
In line with their mission, Upward Hope Academy has expanded its life skills programs and introduced three new fundraising initiatives. These initiatives aim to secure permanent funding for the academy, ensuring its long-term sustainability and ability to continue helping students in need. Additionally, the academy has partnered with Galveston College to provide vocational training, specifically in the areas of agriculture and culinary arts. By offering these life skills programs, Upward Hope Academy is equipping its students with the tools they need to become self-sufficient and contributing members of society.
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Impact
October, 2024
Upward Hope Academy Inc significantly impacts the lives of high school students by providing them with the education and skills necessary to break free from poverty and hopelessness. This accredited, tuition-free private high school focuses on transforming students into productive citizens through a comprehensive educational approach.
The academy has initiated permanent funding efforts and expanded life skills programs to address the needs of its students. Recognizing that many students lack essential skills for employment, Upward Hope Academy has developed multiple life skills programs that encompass vital concepts typically learned at home or in earlier schooling. These programs help students gain job readiness and life management skills.
Additionally, the academy collaborates with Galveston College to further enhance its offerings, aiming to prepare students for a variety of vocational paths. The introduction of programs in agricultural farming and culinary arts reflects an innovative approach to education, ensuring students acquire practical knowledge that will serve them well in their future careers.
Through diligent fundraising initiatives, including endowed scholarship chairs and traditional donor outreach, Upward Hope Academy is committed to ensuring sustainable support for its mission. The holistic approach to education not only fosters academic success but also empowers students with the life skills necessary to thrive in their communities.
This information is meant to be a general summary of Upward 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 2022.
- Investment Income: $77,787
- Gross Receipts: $409,559
Assets and Liabilities:
- Total Assets: $393,622
- Total Liabilities: $57,237
- Net Assets: $336,385
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Organization Details
Founding Year
2014
Phone
(409) 354-8998Principal Officer
Christopher Frederickson
Main Address
3305 CHURCH ST, GALVESTON, TX, 77550
NTEE Category
Code: B25 - Education
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