Overview
What is Parallel Hope Schools Inc?
Parallel Hope Schools Inc, based in Rockville, Maryland, is a nonprofit organization committed to establishing an educational program that caters to children's individual learning styles, preparing them for success in their chosen careers or higher education. They are currently working towards operationalizing this mission by filing necessary paperwork, seeking zoning approval for their school location, and raising funds for initial expenses. Their primary goal is to create a nurturing environment where students can thrive, focusing on their unique learning needs. This endeavor relies on the support of volunteers, with the exception of the zoning process and website rebuild.
Official website here: www.parallelhope.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Parallel Hope Schools Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored 83% overall, with all points attributed to its strong accountability practices, including a high percentage of independent board members and a perfect program expense ratio, suggesting that all of its resources are dedicated to its mission.
However, there are areas for improvement as the organization lacks a whistleblower policy and a document retention and destruction policy, which are essential for transparency and governance. While the absence of these policies has affected its score in the Accountability & Finance category, the charity demonstrates a commitment to financial health, displaying no liabilities and effective management of its assets.
Overall, Parallel Hope Schools Inc shows strengths in governance and financial responsibility, but the missing policies indicate a need for enhanced operational transparency. Continued focus on these areas could improve its rating and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Parallel Hope Schools Inc legitimate?
Parallel Hope Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parallel Hope Schools 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: $0
For more financial information, click here
Official website here: www.parallelhope.com
What is the mission statement of Parallel Hope Schools Inc?
Parallel Hope Schools Inc. is committed to providing a purposeful education for children, tailoring their learning methods to suit their individual abilities. The institution aims to prepare students for success in their chosen careers or higher education, as well as in their personal lives. Parallel Hope Schools Inc. prioritizes creating a safe and nurturing environment for its students while striving for excellence in all its endeavors. The organization's objective is to establish schools that not only educate but also equip children with the necessary tools for a fulfilling future.
Official website here: www.parallelhope.com
Who is the CEO of Parallel Hope Schools Inc?
Annette Laguerre is the Secretary of Parallel Hope Schools Inc.
Official website here: www.parallelhope.com
What is the revenue of Parallel Hope Schools Inc?
Parallel Hope Schools Inc's revenue in 2023 was $1,344.
Official website here: www.parallelhope.com
Who are the executives of Parallel Hope Schools Inc and what are their salaries?
There 4 volunteers at Parallel Hope Schools Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.parallelhope.com
Where can I find the form 990 for Parallel Hope Schools Inc?
Parallel Hope Schools Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parallelhope.com
Learn more at the official website: www.parallelhope.com
Mission Statement of Parallel Hope Schools Inc
Parallel Hope Schools Inc, a dedicated educational institution, is committed to providing a purposeful learning environment for children. Their mission is to establish schools that cater to each child's unique learning style, equipping them with the tools necessary for success in their chosen path, whether that be a career or higher education. The school aims to prepare students not just academically, but also for life, fostering an environment that is both safe and loving. Parallel Hope Schools Inc strives for excellence in all its endeavors, ensuring that each student receives a well-rounded and comprehensive education.
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Impact
October, 2024
Parallel Hope Schools Inc significantly impacts the educational landscape by focusing on purpose-driven learning tailored to each child's unique needs. It aims to create an environment that nurtures the individual potential of students, equipping them for successful futures in both careers and higher education.
By establishing schools designed around effective learning methodologies, Parallel Hope Schools is committed to providing a safe and supportive environment where children can thrive. The organization is actively working on multiple facets of school operation, from securing necessary zoning to raising funds for initial expenses, all of which highlight its dedication to achieving operational success.
Moreover, Parallel Hope Schools emphasizes raising public awareness about its educational initiatives, engaging volunteers to foster community support and participation. This approach not only enhances the visibility of the school program but also builds a collaborative network that is vital for its long-term sustainability.
Overall, Parallel Hope Schools Inc is set to create a transformative educational experience that prioritizes individual learning paths while preparing students for meaningful and successful futures.
This information is meant to be a general summary of Parallel Hope Schools 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 2023.
- Gross Receipts: $1,344
Assets and Liabilities:
- Total Assets: $7,554
- Total Liabilities: $0
- Net Assets: $7,554
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Organization Details
Founding Year
2017
Phone
(240) 514-4475Principal Officer
Annette Laguerre
Main Address
14225 Glen Mill Rd, Rockville, MD, 20850
Website
www.parallelhope.comNTEE Category
Code: B20 - Education
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