Hope Learning Academy Foundation FY2022 filing

Tax-deductible

Sylvania, OH501(c)(3)Since 2013EducationEIN 46-2602086

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Support HOPE learning Academy of Toledo an Ohio Community School focusing on special needs students.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $4K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 17.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38K
+15% vs prior year
Spent
$38K
To programs
100%
Net assets
$517K
By yearFY2020–FY2025
Revenue
$38K
FY2022▲ +15%
Revenue by fiscal year
FY2020$106K
FY2021$33K
FY2022$38K
FY2023$69K
FY2024$108K
FY2025$19K
Expenses
$38K
FY2022▼ -28%
Expenses by fiscal year
FY2020$85K
FY2021$53K
FY2022$38K
FY2023$94K
FY2024$58K
FY2025$65K
Net assets
$517K
FY2022-0.09%
Net assets by fiscal year
FY2020$538K
FY2021$518K
FY2022$517K
FY2023$492K
FY2024$542K
FY2025$495K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $38K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hope Learning Academy Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps special needs students succeed at HOPE Learning Academy of Toledo.

Provided by the organization

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1 program service account for $38K of program spending, described in the organization's own filed words · FY2022.
01

Enabled the School with

curriculum, computer repair,cleaning, painting, utilities, and construction/remodel of portion of school

$38Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$50K
Grants paid · 18 grants · $326K · 2020–2024

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$38K
Ln 12
Gifts and grantsLn 1h$38K
Investment incomeLn 3$24
Money outPt IX
$38K
Ln 25
Programscol B$38K
Owns and owesPt X
$517K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$517K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Fundraising eventsLn 1c$32K
Investment incomeLn 3$24
Total revenueLn 12$38K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$460K
Total assetsLn 16$517K
LiabilitiesLn 26$0
Net assetsLn 32$517K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$58K$57K
Land, buildings, equipmentLn 10c$460K$460K
Total assetsLn 16$518K$517K
LiabilitiesLn 26$0$0
Net assetsLn 32$518K$517K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Total functional expensesLn 25$38K$38K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $19K$65K−$47K$495K 990 PDF
FY2024 $108K$58K$50K$542K 990 PDF
FY2023 $69K$94K−$26K$492K 990 PDF
FY2022 Viewing $38K$38K−$459$517K 990 PDF
FY2021 $33K$53K−$20K$518K 990 PDF
FY2020 $106K$85K$20K$538K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $37,991 across 5 lines filed
VIII-1c Fundraising events$32,467
VIII-1f All other contributions, gifts and grants$5,500
VIII-1h Total contributions, gifts and grants$37,967
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$24
VIII-12 Total revenueRelated to mission $24 · Unrelated business $0 · Excluded from tax $0$37,991
Part IX · Statement of functional expenses $38,450 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $38,450$38,450
IX-25 Total functional expensesPrograms $38,450 · Management $0 · Fundraising $0$38,450
Part X · Balance sheet $517,335 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $12,658$17,126
X-2 Savings and temporary cash investmentsStart of year $45,136$40,209
X-10c Land, buildings and equipment, netStart of year $460,000$460,000
X-16 Total assetsStart of year $517,794$517,335
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $517,794$517,335
X-33 Total liabilities and net assetsStart of year $517,794$517,335
Part XI · Reconciliation of net assets $517,335 net assets at year end
XI-1 Total revenue$37,991
XI-2 Total expenses$38,450
XI-3 Revenue less expenses−$459
XI-4 Net assets at start of year$517,794
XI-10 Net assets at end of year$517,335

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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