Overview
What is Hope Preparatory School Inc?
Hope Preparatory School Inc, located in Kinston, North Carolina, is a nonprofit organization with a mission to foster the growth and development of the city's youth. With a strong emphasis on Christian values, they strive to provide a comprehensive education that empowers their students to thrive. With a team of 30 dedicated individuals, they are committed to delivering their educational services through their primary activity: preparing the city's youth for success. They do not provide specific details about the types of programs or initiatives they offer, but their mission statement suggests they prioritize a holistic approach to education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Hope Preparatory School Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates a strong commitment to governance with 100% independent board members and consistent documentation of board meeting minutes, which enhances its credibility and trustworthiness.
Financially, the organization maintains a favorable liabilities to assets ratio of 0.00%, suggesting that it is not burdened by debt. Additionally, the program expense ratio stands at 73.44%, meaning a significant portion of its funds is directed towards its programs, reflecting a focus on its mission.
However, despite these positive aspects, the overall rating of 67% suggests there may be areas for improvement in either transparency or efficiency in operations. Stakeholders might want to consider these factors when evaluating the effectiveness and impact of the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Preparatory School Inc legitimate?
Hope Preparatory School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Preparatory School 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: $530,951
For more financial information, click here
What is the mission statement of Hope Preparatory School Inc?
Hope Preparatory School Inc's mission is centered around preparing the youth of an unspecified city for success. They achieve this goal by providing an education that is grounded in Christian values. The school is committed to ensuring that its students thrive, fostering a nurturing environment that supports their development both academically and personally. By incorporating Christian teachings into their educational approach, Hope Preparatory School Inc aims to instill strong moral values and a sense of purpose in its students, preparing them for a fulfilling future.
Who is the CEO of Hope Preparatory School Inc?
Herbert I Spear is the Board Chairp of Hope Preparatory School Inc.
What is the revenue of Hope Preparatory School Inc?
Hope Preparatory School Inc's revenue in 2023 was $832,567.
Who are the executives of Hope Preparatory School Inc and what are their salaries?
The average compensation at Hope Preparatory School Inc during 2023 was $17,698. There are 30 employees at Hope Preparatory School Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $59,667
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hope Preparatory School Inc?
Hope Preparatory School Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hope Preparatory School Inc
Hope Preparatory School Inc is dedicated to preparing the youth of their city for a thriving future through a Christian-centered education. This mission of the organization involves providing an educational environment that integrates faith and academic excellence. The goal is to equip young individuals with the necessary skills and values to succeed in life. The school's mission is to foster an atmosphere where students can grow spiritually, intellectually, and emotionally, preparing them to make a positive impact in their communities and beyond.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Hope Preparatory School Inc's impact is significant in Kinston, NC, as it plays a crucial role in preparing the city's youth to thrive through a Christian-centered education. The school's mission to provide a quality education grounded in Christian values ensures that students not only receive academic instruction but also ethical and moral guidance. By instilling these principles in the younger generation, Hope Preparatory School Inc contributes to the development of well-rounded individuals who are equipped to positively influence their communities and society at large.
This information is meant to be a general summary of Hope Preparatory School 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.
- Investment Income: $3,352
- Program Service Revenue: $587,428
- Gross Receipts: $832,567
Assets and Liabilities:
- Total Assets: $315,603
- Total Liabilities: $0
- Net Assets: $315,603
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPPORTUNITY SCHOLARSHIPS
Revenue
$441,012
TUITION
Revenue
$125,561
AFTER SCHOOL PROGRAM
Revenue
$15,525
RE-ENROLLMENT FEE
Revenue
$3,550
CREATIVE ARTS CLASSES
Revenue
$1,780
Organization Details
Founding Year
2018
Phone
(252) 560-1350Principal Officer
Herbert I Spear
Main Address
PO BOX 5144, KINSTON, NC, 28503
NTEE Category
Code: B99 - Education
If you are a representative of Hope Preparatory School Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.