Overview
What is New Hope Educational Institute Inc?
New Hope Educational Institute Inc, situated in Landover Hills, Maryland, is a distinguished independent school offering education from pre-K3 to 12th grade. With a state-accredited curriculum, the institute incorporates music, art, and foreign language, emphasizing character development. The school serves a diverse population, including preschool classes, lower school, and college-preparatory upper school. New Hope Educational Institute is SEVIS-approved to accept international students on F-1 visas. Additionally, the organization extends its educational mission beyond its local community by sponsoring schools and students in Gambia, Africa, and by offering its extra-curricular performing arts and sports programs to the local community, thereby promoting unity and learning opportunities for all. With a staff of 62 dedicated individuals, New Hope Educational Institute strives to nurture and educate its students in a supportive and inclusive environment.
Official website here: www.newhopeacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 58% - One-Star out of Four Star Rating
New Hope Educational Institute Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The score reflects a lack of independent board members and transparency in financial reporting, as the organization failed to provide complete financial statements on its website. The absence of a whistleblower and a document retention policy further raises red flags about governance.
Despite these weaknesses, the nonprofit demonstrates some strengths, including a high program expense ratio of 100%, suggesting that all funds are directed towards its educational programs. Additionally, it has shown effective management of its assets, as evidenced by a favorable liabilities to assets ratio. However, the overall lack of transparency and accountability may hinder potential donors from feeling confident in their contributions.
The organization does have some policies in place, such as a conflict of interest policy, but the absence of key governance practices suggests a need for improvement. Overall, while New Hope Educational Institute Inc is actively supporting education, its financial and accountability practices warrant serious attention to enhance donor trust and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Educational Institute Inc legitimate?
New Hope Educational Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Educational Institute 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: $1,295,504
For more financial information, click here
Official website here: www.newhopeacademy.com
What is the mission statement of New Hope Educational Institute Inc?
New Hope Educational Institute Inc is an independent school catering to a diverse student population, offering classes from preschool to the 12th grade. The institution is SEVIS-approved to accept international students on F-1 visas. Beyond its academic curriculum, the institute extends its educational mission by sponsoring schools and students in Gambia, Africa. Additionally, New Hope opens its extra-curricular performing arts and sports programs to the local community, further contributing to the wider community's educational landscape.
Official website here: www.newhopeacademy.com
Who is the CEO of New Hope Educational Institute Inc?
Susan Joy Morrow is the President/Pr of New Hope Educational Institute Inc.
Official website here: www.newhopeacademy.com
What is the revenue of New Hope Educational Institute Inc?
New Hope Educational Institute Inc's revenue in 2022 was $2,569,853.
Official website here: www.newhopeacademy.com
Who are the executives of New Hope Educational Institute Inc and what are their salaries?
The average compensation at New Hope Educational Institute Inc during 2022 was $20,895. There are 62 employees at New Hope Educational Institute Inc.
Here are 6 key members and their salaries:
- Compensation: $71,045
- Related: $0
- Other: $0
- Compensation: $42,740
- Related: $0
- Other: $0
- Compensation: $39,378
- Related: $0
- Other: $0
- Compensation: $42,778
- Related: $0
- Other: $0
- Compensation: $49,694
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newhopeacademy.com
Where can I find the form 990 for New Hope Educational Institute Inc?
New Hope Educational Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhopeacademy.com
Learn more at the official website: www.newhopeacademy.com
Mission Statement of New Hope Educational Institute Inc
New Hope Educational Institute Inc is an independent school that caters to a diverse population of students. It offers education from pre-K3 to 12th grade, divided into three distinct levels: preschool, lower school, and college-preparatory upper school. The preschool program includes both pre-K3 and pre-K4 classes, while the lower school covers kindergarten to 7th grade. The upper school encompasses 8th to 12th grade. This institution holds SEVIS approval, allowing it to accept international students on F-1 visas.
In addition to its academic programs, New Hope Educational Institute Inc extends its educational mission beyond its student body. It sponsors schools and students in Gambia, Africa, demonstrating a commitment to global education. Furthermore, the institute opens its extra-curricular performing arts and sports programs to the local community, promoting community engagement and inclusivity.
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Impact
July, 2024
New Hope Educational Institute Inc provides a comprehensive and accredited educational program for students ranging from pre-K3 through 12th grade, emphasizing character development alongside academic excellence. Their mission is to serve a diverse population of students through classes for preschool, lower school, and college-preparatory upper school, with a special emphasis on international student engagement. Additionally, the institute extends its reach by sponsoring schools and students in Gambia, Africa, furthering their impact on a global scale. By offering a well-rounded curriculum that includes music, art, foreign language, and extracurricular programs, New Hope Educational Institute Inc is making a positive difference in the lives of the students they serve as well as in the wider community.
This information is meant to be a general summary of New Hope Educational Institute 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: $174
- Program Service Revenue: $2,102,949
- Gross Receipts: $2,569,853
Assets and Liabilities:
- Total Assets: $1,754,918
- Total Liabilities: $544,527
- Net Assets: $1,210,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL YEAR TUITION AND FEES
Revenue
$2,019,012
SPORTS PROGRAM
Revenue
$39,770
MISCELLANEOUS
Revenue
$16,680
PTO FUNDS
Revenue
$14,069
SPACE RENTAL TO EXEMPT ORGS
Revenue
$10,650
Organization Details
Founding Year
1988
Phone
(301) 459-7311Principal Officer
Susan Joy Morrow
Main Address
7009 VARNUM STREET, LANDOVER HILLS, MD, 20784
Website
www.newhopeacademy.comNTEE Category
Code: B20 - Education
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