New Hope Academy FY2020 filing

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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

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FY2020 · 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
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$256K
34% of total assets
Looks good: liabilities are 34% 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
$4.4M
Spent
$4.6M
To programs
86%
Net assets
$487K
By yearFY2020–FY2025
Revenue
$4.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.4M
FY2021$4.5M
FY2022$4.1M
FY2023$5.0M
FY2024$5.2M
FY2025$5.3M
Expenses
$4.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$4.4M
FY2022$4.4M
FY2023$4.6M
FY2024$4.8M
FY2025$5.3M
Net assets
$487K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$487K
FY2021$524K
FY2022$241K
FY2023$666K
FY2024$1.0M
FY2025$1.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 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% · $3.9M Management & general 14% · $657K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$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.

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Provided by the organization

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1 program · $3.9M · in their own filed words · FY2019
01

Provide non-traditional secondary education.

$3.9Mprogram 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 · 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$5K
Money outPt IX
$4.6M
Ln 25
Programscol B$3.9M
Managementcol C$657K
Owns and owesPt X
$487K
net assets · Ln 32
Cash and savingsLn 1–2$494K
Total assetsLn 16$743K
LiabilitiesLn 26$256K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$5K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$494K
Cash and savings togetherLn 1–2$494K
Land, buildings, equipmentLn 10c$50K
Total assetsLn 16$743K
LiabilitiesLn 26$256K
Net assetsLn 32$487K
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 FY20End FY20
Cash and savingsLn 1–2$489K$494K
Land, buildings, equipmentLn 10c$57K$50K
Total assetsLn 16$863K$743K
LiabilitiesLn 26$132K$256K
Net assetsLn 32$732K$487K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$49K$49K
Management feesLn 11a$2.3M$1.7M$564K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$62K$62K
Office expensesLn 13$91K$55K$37K
OccupancyLn 16$29K$22K$7K
TravelLn 17$121K$97K$24K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$10K$10K
Other expenses (24a–d)Ln 24$2.0M$2.0M$2K
Total functional expensesLn 25$4.6M$3.9M$657K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 9, 2026 $5.3M$5.3M$49K$1.1M 990 PDF
FY2024Filed with the IRS May 15, 2025 $5.2M$4.8M$380K$1.0M 990 PDF
FY2023Filed with the IRS May 13, 2024 $5.0M$4.6M$425K$666K 990 PDF
FY2022Filed with the IRS May 11, 2023 $4.1M$4.4M−$283K$241K 990 PDF
FY2021Filed with the IRS May 16, 2022 $4.5M$4.4M$37K$524K 990 PDF
FY2020 ViewingFiled with the IRS May 13, 2021 $4.4M$4.6M−$245K$487K 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,352,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,764,871$4,347,810
I-10 Investment incomePrior year $1,432$4,958
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,766,303$4,352,768
I-13 Grants and similar amounts paidPrior year $56,300$48,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,653,361$4,548,583
I-18 Total expensesPrior year $4,709,661$4,597,383
I-19 Revenue less expensesPrior year $56,642−$244,615
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,352,768 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,347,810$4,347,810
VIII-3 Investment incomeExcluded from tax $4,958$4,958
VIII-12 Total revenueRelated to mission $4,347,810 · Unrelated business $0 · Excluded from tax $4,958$4,352,768
Part IX · Statement of functional expenses $4,597,383 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $48,800$48,800
IX-11a Management feesPrograms $1,692,000 · Management $564,000$2,256,000
IX-11g Other fees for servicesManagement $11,325$11,325
IX-12 Advertising and promotionPrograms $61,998$61,998
IX-13 Office expensesPrograms $54,799 · Management $36,532$91,331
IX-16 OccupancyPrograms $21,967 · Management $7,322$29,289
IX-17 TravelPrograms $96,507 · Management $24,127$120,634
IX-20 InterestManagement $2,842$2,842
IX-22 Depreciation, depletion and amortizationManagement $9,583$9,583
IX-24 Other expenses (24a–d)Programs $1,963,930 · Management $1,651$1,965,581
IX-25 Total functional expensesPrograms $3,940,001 · Management $657,382 · Fundraising $0$4,597,383
Part X · Balance sheet $743,298 assets, 13 lines filed
Asset lines not itemized here account for $8,141; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $488,728$493,947
X-4 Accounts receivableStart of year $314,304$190,948
X-10c Land, buildings and equipment, netStart of year $57,197$50,062
X-16 Total assetsStart of year $863,338$743,298
X-17 Accounts payable and accrued expensesStart of year $25,560$125,385
X-19 Deferred revenueStart of year $96,061$126,357
X-25 Other liabilitiesStart of year $10,153$4,607
X-26 Total liabilitiesStart of year $131,774$256,349
X-27 Net assets without donor restrictionsStart of year $720,936$476,321
X-28 Net assets with donor restrictionsStart of year $10,628$10,628
X-32 Total net assets or fund balancesStart of year $731,564$486,949
X-33 Total liabilities and net assetsStart of year $863,338$743,298
Part XI · Reconciliation of net assets $486,949 net assets at year end
XI-1 Total revenue$4,352,768
XI-2 Total expenses$4,597,383
XI-3 Revenue less expenses−$244,615
XI-4 Net assets at start of year$731,564
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$486,949

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

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