Overview
What is New Hope Christian Academy?
New Hope Christian Academy is a nonprofit institution situated in Memphis, Tennessee, specifically at 3000 UNIVERSITY, TN 38127. Its primary focus is on providing a college-preparatory education at an elementary level, blending intellectual challenges with a strong Christian ethos. The academy employs a team of 113 individuals dedicated to its mission.
Official website here: www.newhopememphis.org
What are the reviews and ratings of this charity?
**Rating: 97% (Four-Star out of Four Star rating on Charity Navigator)**
New Hope Christian Academy has achieved a remarkable Four-Star rating, emphasizing its strong commitment to accountability and finance. The organization has a perfect score in several key areas, including having a fully independent board and exemplary financial oversight practices. The high program expense ratio indicates a significant dedication to using resources towards its educational mission.
The fiscal responsibility is further highlighted by metrics such as a low liabilities-to-assets ratio and efficiency in fundraising. The school appears to have solid policies in place regarding conflicts of interest and financial management, which contribute to its overall transparency. However, it is worth noting that the organization could not be evaluated on impact, culture, or leadership, which may limit insights into its broader effectiveness and community engagement.
Currently, there are no user reviews available from GreatNonprofits, so a sentiment analysis from the public is not possible. Overall, New Hope Christian Academy maintains a strong reputation based on financial accountability and governance.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Christian Academy legitimate?
New Hope Christian Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Christian 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: $280,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,060,485
For more financial information, click here
Official website here: www.newhopememphis.org
What is the mission statement of New Hope Christian Academy?
New Hope Christian Academy is an urban elementary school that commitments itself to providing a rigorous intellectual education with a strong Christian focus. Its mission is to prepare students for higher education, offering them a challenging and spiritually grounded educational experience. The academy aims to equip its students with the necessary skills and values to succeed in their future academic pursuits and personal lives. The school's approach to education is holistic, emphasizing both intellectual growth and spiritual development.
Official website here: www.newhopememphis.org
Who is the CEO of New Hope Christian Academy?
Lionel Cable is the Board Member of New Hope Christian Academy.
Official website here: www.newhopememphis.org
What is the revenue of New Hope Christian Academy?
New Hope Christian Academy's revenue in 2022 was $8,286,801.
Official website here: www.newhopememphis.org
Who are the executives of New Hope Christian Academy and what are their salaries?
The average compensation at New Hope Christian Academy during 2022 was $29,570. There are 113 employees at New Hope Christian Academy.
Here are 17 key members and their salaries:
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- Compensation: $116,732
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- Other: $6,745
Official website here: www.newhopememphis.org
Where can I find the form 990 for New Hope Christian Academy?
New Hope Christian Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhopememphis.org
Learn more at the official website: www.newhopememphis.org
Mission Statement of New Hope Christian Academy
New Hope Christian Academy, a urban college preparatory elementary school, is committed to providing its students with a challenging intellectual and Christ-centered education. Established with this mission, the academy aims to equip its pupils with the necessary knowledge and values to prepare them for higher education. The institution prides itself on its college preparatory curriculum, which is designed to foster intellectual growth and development in its students. The education offered at New Hope Christian Academy is not just academic but also deeply rooted in Christian values, aiming to shape well-rounded individuals with strong moral and ethical principles.
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Impact
July, 2024
New Hope Christian Academy's impact is significant in providing urban college preparatory elementary education to students in Memphis, TN. By offering a challenging intellectual and Christ-centered education, the academy is empowering students to excel academically and spiritually. This focus on holistic development equips students with the skills and confidence needed to succeed in higher education and beyond, contributing to their personal growth and future opportunities. Through its mission of providing a high-quality education rooted in Christian values, New Hope Christian Academy is positively shaping the lives of its students and making a lasting impact on the community.
This information is meant to be a general summary of New Hope Christian 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: $243,933
- Program Service Revenue: $997,619
- Gross Receipts: $10,195,372
Assets and Liabilities:
- Total Assets: $8,079,845
- Total Liabilities: $1,667,158
- Net Assets: $6,412,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REVENUE
Revenue
$507,197
PROGRAM FEES
Revenue
$490,422
Organization Details
Founding Year
1995
Phone
(901) 358-3183Principal Officer
Lionel Cable
Main Address
3000 UNIVERSITY, MEMPHIS, TN, 38127
Website
www.newhopememphis.orgNTEE Category
Code: B200 - Education
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