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New Hope Academy

Tax-deductible

Yardley, PA501(c)(3)EducationEIN 91-2101396

To provide institutional educational services to pupils as a private day school, general provider of educational services and special needs education.new hope academy has no employees and the educational services are provided through a full service contract with motivational educational training center, INC

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 6
filings with a surplus
Average surplus $61K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+2% vs prior year
Spent
$5.3M
To programs
86%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$5.3M
FY2025▲ +2%
Revenue by fiscal year
FY2020$4.4M
FY2021$4.5M
FY2022$4.1M
FY2023$5.0M
FY2024$5.2M
FY2025$5.3M
Expenses
$5.3M
FY2025▲ +9%
Expenses by fiscal year
FY2020$4.6M
FY2021$4.4M
FY2022$4.4M
FY2023$4.6M
FY2024$4.8M
FY2025$5.3M
Net assets
$1.1M
FY2025▲ +5%
Net assets by fiscal year
FY2020$487K
FY2021$524K
FY2022$241K
FY2023$666K
FY2024$1.0M
FY2025$1.1M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $4.5M Management & general 14% · $730K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
John Loeb
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Glenn Tecker
Board Chair
$0Pt VII · Sec A
Kathleen Rosso-Gana
Executive Director
$0Pt VII · Sec A
See New Hope Academy 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates pupils with special needs as a private day school.

Provided by the organization

This section is blank until New Hope Academy claims this page.

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1 program service account for $4.5M of program spending, described in the organization's own filed words · FY2024.
01

Provide non-traditional secondary education.

$4.5Mprogram 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 · this organization's grantmaking
Grants paid · 5 grants · $283K · 2019–2023
Unitemized GrantFY2023$16,000
Unitemized GrantFY2022$71,800
Unitemized GrantFY2021$71,800
Unitemized GrantFY2020$74,900
Unitemized GrantFY2019$48,800

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$5.3M
Gifts and grantsLn 1h$3K
Other incomeLn 4–11$176
Money outPt IX
$5.3M
Ln 25
Programscol B$4.5M
Managementcol C$730K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$667K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$5.3M
Other incomeLn 4–11$176
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$667K
Cash and savings togetherLn 1–2$667K
Land, buildings, equipmentLn 10c$57K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.0M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$604K$667K
Land, buildings, equipmentLn 10c$79K$57K
Total assetsLn 16$1.5M$2.1M
LiabilitiesLn 26$456K$1.0M
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$22K$22K
Management feesLn 11a$2.4M$1.8M$605K
Advertising and promotionLn 12$73K$73K
Office expensesLn 13$65K$39K$26K
OccupancyLn 16$54K$41K$14K
TravelLn 17$2K$2K$435
InterestLn 20$426$426
Depreciation, depletion and amortizationLn 22$22K$22K
Other expenses (24a–d)Ln 24$2.6M$2.5M$61K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$5.3M$4.5M$730K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.3M$5.3M$49K$1.1M 990 PDF
FY2024 $5.2M$4.8M$380K$1.0M 990 PDF
FY2023 $5.0M$4.6M$425K$666K 990 PDF
FY2022 $4.1M$4.4M−$283K$241K 990 PDF
FY2021 $4.5M$4.4M$37K$524K 990 PDF
FY2020 $4.4M$4.6M−$245K$487K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $5,310,794 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,681
VIII-1h Total contributions, gifts and grants$2,681
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,307,937$5,307,937
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $176$176
VIII-12 Total revenueRelated to mission $5,308,113 · Unrelated business $0 · Excluded from tax $0$5,310,794
Part IX · Statement of functional expenses $5,261,706 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $22,000$22,000
IX-11a Management feesPrograms $1,816,275 · Management $605,425$2,421,700
IX-12 Advertising and promotionPrograms $72,574$72,574
IX-13 Office expensesPrograms $39,293 · Management $26,196$65,489
IX-16 OccupancyPrograms $40,781 · Management $13,594$54,375
IX-17 TravelPrograms $1,742 · Management $435$2,177
IX-20 InterestManagement $426$426
IX-22 Depreciation, depletion and amortizationManagement $22,213$22,213
IX-24 Other expenses (24a–d)Programs $2,538,912 · Management $60,696$2,599,608
IX-24e All other expensesManagement $1,144$1,144
IX-25 Total functional expensesPrograms $4,531,577 · Management $730,129 · Fundraising $0$5,261,706
Part X · Balance sheet $2,144,865 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $603,922$666,779
X-4 Accounts receivableStart of year $818,785$1,420,195
X-9 Prepaid expenses and deferred charges$1,025
X-10c Land, buildings and equipment, netStart of year $78,879$56,666
X-16 Total assetsStart of year $1,501,786$2,144,865
X-17 Accounts payable and accrued expensesStart of year $16,849$18,235
X-24 Unsecured notes and loans payableStart of year $405,100$992,218
X-25 Other liabilitiesStart of year $34,006$39,493
X-26 Total liabilitiesStart of year $455,955$1,049,946
X-27 Net assets without donor restrictionsStart of year $1,035,203$1,084,291
X-28 Net assets with donor restrictionsStart of year $10,628$10,628
X-32 Total net assets or fund balancesStart of year $1,045,831$1,094,919
X-33 Total liabilities and net assetsStart of year $1,501,786$2,144,865
Part XI · Reconciliation of net assets $1,094,919 net assets at year end
XI-1 Total revenue$5,310,794
XI-2 Total expenses$5,261,706
XI-3 Revenue less expenses$49,088
XI-4 Net assets at start of year$1,045,831
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,094,919

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

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