Hope Preparatory School INC FY2021 filing

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To prepare the youth of our city to thrive through a christian centered education.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$42K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $32K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 11.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $24K
Looks good: 3 funders name it on their filings; 3 or more.
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
Spent
$278K
To programs
80%
Net assets
$271K
By yearFY2021–FY2025
Revenue
$369K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$369K
FY2022$463K
FY2023$833K
FY2024$1.2M
FY2025$1.3M
Expenses
$278K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$278K
FY2022$453K
FY2023$798K
FY2024$1.2M
FY2025$1.4M
Net assets
$271K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$271K
FY2022$281K
FY2023$316K
FY2024$358K
FY2025$342K

From the FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Oct 2018.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $224K Management & general 20% · $55K

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

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Who runs it and what they're paid

7 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Ex- Officio
$41,792Pt VII · Sec A
Board Chairp
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Diane Spear’s $67K as Head of Scho is at the 12th percentile of top reported officer pay among 3395 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Diane Spear$67,059$67,652$59,667$45,417$41,792

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 Preparatory School INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares city youth for success through Christian-centered education.

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1 program · $224K · in their own filed words · FY2020
01

To prepare the youth of our city to thrive through a christian centered education.

$224Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$24K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$369K
Ln 12
Fees for servicesLn 2g$181K
Gifts and grantsLn 1h$155K
Other incomeLn 4–11$33K
Money outPt IX
$278K
Ln 25
Programscol B$224K
Managementcol C$55K
Owns and owesPt X
$271K
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Fees for servicesLn 2g$181K
Other incomeLn 4–11$33K
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$271K
Cash and savings togetherLn 1–2$271K
Total assetsLn 16$271K
LiabilitiesLn 26$0
Net assetsLn 32$271K
OperationsPt I, VI
EmployeesI 59
VolunteersI 610
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$179K$271K
Total assetsLn 16$179K$271K
LiabilitiesLn 26$0$0
Net assetsLn 32$179K$271K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$36K$6K
Other salaries and wagesLn 7$152K$129K$23K
Payroll taxesLn 10$15K$13K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$11K$7K$4K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$5K$2K$2K
Information technologyLn 14$2K$1K$1K
OccupancyLn 16$13K$13K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$2K$859$859
Other expenses (24a–d)Ln 24$31K$22K$9K
Total functional expensesLn 25$278K$224K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 20, 2025 $1.3M$1.4M−$16K$342K 990 PDF
FY2024Filed with the IRS Dec 9, 2024 $1.2M$1.2M$40K$358K 990 PDF
FY2023Filed with the IRS Oct 2, 2023 $833K$798K$35K$316K 990 PDF
FY2022Filed with the IRS Nov 2, 2022 $463K$453K$11K$281K 990 PDF
FY2021 ViewingFiled with the IRS Aug 12, 2021 $369K$278K$91K$271K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $369,273 revenue, 12 lines filed
I-8 Contributions and grants$154,959
I-9 Program service revenue$181,435
I-10 Investment income$0
I-11 Other revenue$32,879
I-12 Total revenue$369,273
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$208,290
I-16a Professional fundraising fees$0
I-17 Other expenses$69,786
I-18 Total expenses$278,076
I-19 Revenue less expenses$91,197
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $369,273 across 5 lines filed
VIII-1f All other contributions, gifts and grants$154,959
VIII-1h Total contributions, gifts and grants$154,959
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $181,435$181,435
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $32,879$32,879
VIII-12 Total revenueRelated to mission $214,314$369,273
Part IX · Statement of functional expenses $278,076 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $35,523 · Management $6,269$41,792
IX-7 Other salaries and wagesPrograms $128,904 · Management $22,747$151,651
IX-10 Payroll taxesPrograms $12,620 · Management $2,227$14,847
IX-11c Accounting feesManagement $1,628$1,628
IX-11g Other fees for servicesPrograms $6,760 · Management $4,278$11,038
IX-12 Advertising and promotionManagement $2,713$2,713
IX-13 Office expensesPrograms $2,357 · Management $2,357$4,714
IX-14 Information technologyPrograms $1,210 · Management $1,210$2,420
IX-16 OccupancyPrograms $13,018$13,018
IX-19 Conferences, conventions and meetingsManagement $1,351$1,351
IX-23 InsurancePrograms $859 · Management $859$1,718
IX-24 Other expenses (24a–d)Programs $22,273 · Management $8,913$31,186
IX-25 Total functional expensesPrograms $223,524 · Management $54,552 · Fundraising $0$278,076
Part X · Balance sheet $270,574 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $179,377$270,574
X-16 Total assetsStart of year $179,377$270,574
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $179,377$270,574
X-32 Total net assets or fund balancesStart of year $179,377$270,574
X-33 Total liabilities and net assetsStart of year $179,377$270,574
Part XI · Reconciliation of net assets $270,574 net assets at year end
XI-1 Total revenue$369,273
XI-2 Total expenses$278,076
XI-3 Revenue less expenses$91,197
XI-4 Net assets at start of year$179,377
XI-10 Net assets at end of year$270,574

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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