Hope Academy

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Our goal is to empower, educate, and elevate all students enrolled in mind, body and spirit with a focus on career and college readiness in order to become dynamic leaders for christ. In Hope Academy with a focus on college prep courses. To provide equal access for all students to robust educational opportunities, in a christian-based environment, that prepares them for college.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2752344) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 3 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $114K a year · 9% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
0.3 mo
of spending, in cash
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
60% of total assets
Liabilities are 60% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.2M
+46% vs prior year
Spent
$1.9M
To programs
90%
Net assets
$830K
By yearFY2021–FY2025
Revenue
$2.2M
FY2025▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2021$659K
FY2022$831K
FY2023$1.1M
FY2024$1.5M
FY2025$2.2M
Expenses
$1.9M
FY2025▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$577K
FY2022$786K
FY2023$1.1M
FY2024$1.4M
FY2025$1.9M
Net assets
$830K
FY2025▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2021$121K
FY2022$166K
FY2023$347K
FY2024$474K
FY2025$830K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1998.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.7M Management & general 10% · $195K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $62K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Operations Director
$34,346Pt VII · Sec A
Co-Founder/Vice-President/
$27,693Pt VII · Sec A
Founder/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Randolph Waite——$76,573$75,000$77,885
Eucretia Waite——$42,554$42,375$44,005
Khrystyna Tremaine$34,346$10,962——$623
Jodie McCoy$27,693$7,501———

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.

See Hope Academy executive salaries →

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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Prepares students for college and leadership through Christian-based education focused on mind, body, and spirit.

Questions for Hope Academy

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Your first name shows with your question. Hope Academy answers here, for everyone.

1 program · $1.7M · in their own filed words · FY2024
01

To provide equal access to all students through a christian-based educational environment in preparation for college bound students.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2752344) · Dispute this line
$1.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $9K · 2023–2023

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$10K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$195K
Owns and owesPt X
$830K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$2.2M
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Accounts receivableLn 4$12K
Loans to other insidersLn 6$144K
Prepaid expenses and deferred chargesLn 9$19K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.2M
Net assetsLn 32$830K
OperationsPt I, VI
EmployeesI 515
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$9K$40K
Land, buildings, equipmentLn 10c$1.6M$1.8M
Total assetsLn 16$1.6M$2.1M
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32$474K$830K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Pay of officers and key staff (Part IX, line 5)Ln 5$73K$40K$33K
Other salaries and wagesLn 7$1.1M$1.1M
Payroll taxesLn 10$88K$86K$2K
Legal feesLn 11b$1K$500$500
Accounting feesLn 11c$21K$10K$10K
Other fees for servicesLn 11g$8K$7K$932
Advertising and promotionLn 12$2K$2K
Information technologyLn 14$13K$11K$2K
OccupancyLn 16$73K$58K$15K
Conferences, conventions and meetingsLn 19$9K$8K$892
InterestLn 20$82K$82K
Depreciation, depletion and amortizationLn 22$91K$82K$9K
Other expenses (24a–d)Ln 24$189K$154K$34K
All other expensesLn 24e$102K$97K$5K
Total functional expensesLn 25$1.9M$1.7M$195K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 4, 2025 $2.2M$1.9M$356K$830K 990 PDF
FY2024Filed with the IRS Dec 9, 2024 $1.5M$1.4M$126K$474K 990 PDF
FY2023Filed with the IRS Nov 15, 2023 $1.1M$1.1M−$39K$347K 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $831K$786K$45K$166K 990 PDF
FY2021Filed with the IRS Oct 14, 2021 $659K$577K$82K$121K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $2,244,895 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,057$9,590
I-9 Program service revenuePrior year $1,513,734$2,235,305
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,533,791$2,244,895
I-13 Grants and similar amounts paidPrior year $11,886$1,900
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $870,234$1,294,867
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $525,418$591,633
I-18 Total expensesPrior year $1,407,538$1,888,400
I-19 Revenue less expensesPrior year $126,253$356,495
Part VI · Governance 0 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,244,895 across 4 lines filed
VIII-1f All other contributions, gifts and grants$9,590
VIII-1h Total contributions, gifts and grants$9,590
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,235,305$2,235,305
VIII-12 Total revenueRelated to mission $2,235,305 · Unrelated business $0 · Excluded from tax $0$2,244,895
Part IX · Statement of functional expenses $1,888,400 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,900$1,900
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $40,005 · Management $32,566$72,571
IX-7 Other salaries and wagesPrograms $1,134,039$1,134,039
IX-10 Payroll taxesPrograms $85,875 · Management $2,382$88,257
IX-11b Legal feesPrograms $500 · Management $500$1,000
IX-11c Accounting feesPrograms $10,365 · Management $10,365$20,730
IX-11g Other fees for servicesPrograms $7,100 · Management $932$8,032
IX-12 Advertising and promotionPrograms $2,309$2,309
IX-14 Information technologyPrograms $11,096 · Management $1,958$13,054
IX-16 OccupancyPrograms $58,299 · Management $14,575$72,874
IX-19 Conferences, conventions and meetingsPrograms $8,028 · Management $892$8,920
IX-20 InterestManagement $82,492$82,492
IX-22 Depreciation, depletion and amortizationPrograms $82,003 · Management $9,111$91,114
IX-24 Other expenses (24a–d)Programs $154,178 · Management $34,468$188,646
IX-24e All other expensesPrograms $97,471 · Management $4,991$102,462
IX-25 Total functional expensesPrograms $1,693,168 · Management $195,232 · Fundraising $0$1,888,400
Part X · Balance sheet $2,050,151 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $9,283$40,007
X-4 Accounts receivable$12,060
X-6 Loans to other insiders$143,520
X-9 Prepaid expenses and deferred charges$18,591
X-10c Land, buildings and equipment, netStart of year $1,634,677$1,835,973
X-16 Total assetsStart of year $1,643,960$2,050,151
X-19 Deferred revenueStart of year $12,077$5,140
X-22 Loans from officers and insidersStart of year $1,157,927$1,214,773
X-26 Total liabilitiesStart of year $1,170,217$1,219,913
X-27 Net assets without donor restrictionsStart of year $473,743$830,238
X-32 Total net assets or fund balancesStart of year $473,743$830,238
X-33 Total liabilities and net assetsStart of year $1,643,960$2,050,151
Part XI · Reconciliation of net assets $830,238 net assets at year end
XI-1 Total revenue$2,244,895
XI-2 Total expenses$1,888,400
XI-3 Revenue less expenses$356,495
XI-4 Net assets at start of year$473,743
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$830,238

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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