Hope Academy INC: FY2020 Nonprofit Profile & Form 990 (EIN 41-1962874)

Jim Stigman’s $199K as Head of Adva is at the 36th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Jim Stigman	$198,734	$181,490	$168,729	$156,652	$118,436	$122,760
Russ Gregg	$142,582	$138,994	$114,044	$97,961	$91,933	$83,353
Nathan Ziegler	$108,992	—	—	—	—	—
Gwen Smith	$86,515	—	—	—	—	—
Jeremy Donaldson	$80,794	$65,683	—	—	—	—
Kelvin Simms	$67,135	—	—	—	—	—
John Villas	$49,647	$61,906	$54,523	$37,205	$34,155	$32,705

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers faith-based education to inner-city children.

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Provided by the organization

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1 program · $6.7M · in their own filed words · FY2019

01

The school accepts students in all grades from kindergarten up to twelve. All expenses went toward providing a high quality, christ-centered education. Student performance has been very good and many students are testing at or above their current grade level.

$6.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Natl Christian Charitable Fdn INCFY2024$4.0M

Donor Advised Charitable Giving INCFY2024$512K

Fidelity Investments Charitable Gift FundFY2024$467K

Vanguard Charitable Endowment ProgramFY2024$312K

The Minneapolis FoundationFY2024$206K

The US Charitable Gift TrustFY2024$149K

American Gift FundFY2024$122K

Catholic Community Foundation of MinnesotaFY2024$90K

Total grants receivedfrom 18 funders$6.1M

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Grants paid · 4 grants · $4.5M · 2019–2023

Hope Academy Holding CompanyMN · FY2023$4,342,923

Spreading Hope INCMN · FY2023$40,000

Unitemized GrantFY2020$85,335

Unitemized GrantFY2019$13,033

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$9.5M

Ln 12

Gifts and grantsLn 1h$8.4M

Fees for servicesLn 2g$781K

Other incomeLn 4–11$124K

Money outPt IX

$7.6M

Ln 25

Programscol B$6.7M

Managementcol C$366K

Fundraisingcol D$536K

Owns and owesPt X

$18.6M

net assets · Ln 32

Cash and savingsLn 1–2$3.1M

Total assetsLn 16$19.7M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

13

listed · VII A

PaidVII A3

Voting boardVI 1a11

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$8.4M

Government grantsLn 1e$683K

Noncash giftsLn 1g$421K

Fundraising eventsLn 1c$81K

Fees for servicesLn 2g$781K

Investment incomeLn 3$119K

Other incomeLn 4–11$124K

Total revenueLn 12$9.5M

Assets in detailPt X, end of year

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$3.1M

InvestmentsLn 11–13$1.7M

Land, buildings, equipmentLn 10c$13.1M

Other assetsLn 15$1.6M

Total assetsLn 16$19.7M

LiabilitiesLn 26$1.1M

Net assetsLn 32$18.6M

OperationsPt I, VI

EmployeesI 5168

VolunteersI 690

Fiscal year endsHeaderJuly

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$4.2M	$3.1M
InvestmentsLn 11–13	$1.5M	$1.7M
Land, buildings, equipmentLn 10c	$10.2M	$13.1M
Total assetsLn 16	$17.2M	$19.7M
LiabilitiesLn 26	$525K	$1.1M
Net assetsLn 32	$16.7M	$18.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$13K	$13K
Pay of current officers, directors and key staffLn 5	$145K	$28K	$84K	$33K
Other salaries and wagesLn 7	$4.8M	$4.2M	$189K	$376K
Other employee benefitsLn 9	$552K	$469K	$33K	$50K
Payroll taxesLn 10	$303K	$258K	$18K	$27K
Management feesLn 11a	$23K	$23K	$230	$230
Accounting feesLn 11c	$18K		$18K
Other fees for servicesLn 11g	$18K	$13K	$563	$4K
Advertising and promotionLn 12	$33K	$26K		$8K
Office expensesLn 13	$75K	$63K	$4K	$7K
Information technologyLn 14	$60K	$51K	$4K	$5K
InterestLn 20	$2K	$2K	$148	$222
Depreciation, depletion and amortizationLn 22	$457K	$447K	$5K	$5K
InsuranceLn 23	$42K	$41K	$422	$422
Other expenses (24a–d)Ln 24	$758K	$747K	$5K	$5K
All other expensesLn 24e	$307K	$287K	$5K	$15K
Total functional expensesLn 25	$7.6M	$6.7M	$366K	$536K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$32.1M	$24.9M	$7.2M	$43.9M	990 PDF
FY2024	$31.8M	$37.1M	−$5.3M	$36.6M	990 PDF
FY2023	$27.0M	$11.7M	$15.4M	$41.6M	990 PDF
FY2022	$13.7M	$9.8M	$3.9M	$26.2M	990 PDF
FY2021	$12.5M	$8.6M	$3.8M	$22.5M	990 PDF
FY2020 Viewing	$9.5M	$7.6M	$1.9M	$18.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $9,456,320 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,199,222$8,432,753

I-9 Program service revenuePrior year $731,366$780,807

I-10 Investment incomePrior year $183,934$119,103

I-11 Other revenuePrior year $147,533$123,657

I-12 Total revenuePrior year $10,262,055$9,456,320

I-13 Grants and similar amounts paidPrior year $187,564$13,033

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,683,219$5,766,171

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,488,177$1,793,099

I-18 Total expensesPrior year $6,358,960$7,572,303

I-19 Revenue less expensesPrior year $3,903,095$1,884,017

Part VI · Governance 10 of 11 board members independent, 1 to look at

VI-1a Voting members of the governing body11

VI-1b Independent voting members10

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $9,456,320 across 11 lines filed

VIII-1c Fundraising events$80,680

VIII-1e Government grants$683,131

VIII-1f All other contributions, gifts and grants$7,668,942

VIII-1g Noncash contributions (included above)$420,680

VIII-1h Total contributions, gifts and grants$8,432,753

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $780,807$780,807

VIII-3 Investment incomeExcluded from tax $119,103$119,103

VIII-6 Net rental income or lossExcluded from tax $139,000$139,000

VIII-8 Net income from fundraising eventsExcluded from tax −$15,403−$15,403

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $60$60

VIII-12 Total revenueRelated to mission $780,807 · Unrelated business $0 · Excluded from tax $242,760$9,456,320

Part IX · Statement of functional expenses $7,572,303 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $13,033$13,033

IX-5 Pay of current officers, directors and key staffPrograms $28,494 · Management $83,569 · Fundraising $33,244$145,307

IX-7 Other salaries and wagesPrograms $4,200,351 · Management $189,216 · Fundraising $375,933$4,765,500

IX-9 Other employee benefitsPrograms $469,492 · Management $33,141 · Fundraising $49,711$552,344

IX-10 Payroll taxesPrograms $257,567 · Management $18,181 · Fundraising $27,272$303,020

IX-11a Management feesPrograms $22,528 · Management $230 · Fundraising $230$22,988

IX-11c Accounting feesManagement $17,789$17,789

IX-11g Other fees for servicesPrograms $12,973 · Management $563 · Fundraising $4,372$17,908

IX-12 Advertising and promotionPrograms $25,940 · Fundraising $7,541$33,481

IX-13 Office expensesPrograms $63,392 · Management $4,475 · Fundraising $6,712$74,579

IX-14 Information technologyPrograms $51,162 · Management $3,611 · Fundraising $5,417$60,190

IX-20 InterestPrograms $2,096 · Management $148 · Fundraising $222$2,466

IX-22 Depreciation, depletion and amortizationPrograms $447,452 · Management $4,566 · Fundraising $4,566$456,584

IX-23 InsurancePrograms $41,381 · Management $422 · Fundraising $422$42,225

IX-24 Other expenses (24a–d)Programs $747,388 · Management $4,952 · Fundraising $5,259$757,599

IX-24e All other expensesPrograms $287,251 · Management $4,687 · Fundraising $15,352$307,290

IX-25 Total functional expensesPrograms $6,670,500 · Management $365,550 · Fundraising $536,253$7,572,303

Part X · Balance sheet $19,726,791 assets, 16 lines filed

X-2 Savings and temporary cash investmentsStart of year $4,247,980$3,149,871

X-3 Pledges and grants receivableStart of year $63,825$25,000

X-4 Accounts receivableStart of year $102,682$93,356

X-9 Prepaid expenses and deferred chargesStart of year $21,443$31,986

X-10c Land, buildings and equipment, netStart of year $10,194,876$13,074,038

X-11 Publicly traded securitiesStart of year $275,913$282,873

X-12 Other securitiesStart of year $1,250,088$1,464,306

X-15 Other assetsStart of year $1,076,394$1,605,361

X-16 Total assetsStart of year $17,233,201$19,726,791

X-17 Accounts payable and accrued expensesStart of year $497,262$275,832

X-19 Deferred revenueStart of year $27,502$15,619

X-26 Total liabilitiesStart of year $524,764$1,124,851

X-27 Net assets without donor restrictionsStart of year $8,244,567$16,177,560

X-28 Net assets with donor restrictionsStart of year $8,463,870$2,424,380

X-32 Total net assets or fund balancesStart of year $16,708,437$18,601,940

X-33 Total liabilities and net assetsStart of year $17,233,201$19,726,791

Part XI · Reconciliation of net assets $18,601,940 net assets at year end

XI-1 Total revenue$9,456,320

XI-2 Total expenses$7,572,303

XI-3 Revenue less expenses$1,884,017

XI-4 Net assets at start of year$16,708,437

XI-9 Other changes in net assets$9,486

XI-10 Net assets at end of year$18,601,940

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hope Academy INC FY2020 filing

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