New Hope Tutorials Inc
- Assets
- $156.0k
- Revenue
- $488.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Boxford, MA
- Founding
- 10/2002
- Data as of
- 06/2021
- EIN
- 04-3568748
Organization Overview
New Hope Tutorials Inc is located in Boxford, MA. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, New Hope Tutorials Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Tutorials Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, New Hope Tutorials Inc generated $488.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $436.1k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACADEMIC SUPPORT TO MIDDLE AND HIGH SCHOOL AGED STUDENTS AND PARENTS THROUGH SMALL GROUP TUTORIALS TAUGHT FROM A CHRISTIAN PERSPECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2020-2021 ACADEMIC YEAR, NEW HOPE OFFERED 26 FULL-YEAR COURSES TO A TOTAL OF 106 STUDENTS FROM 75 FAMILIES IN 19 CORE-SUBJECT CLASSES AND 3 ELECTIVES (INCLUDING ART, KARATE, WRITING WORKSHOPS). 13 OF OUR STUDENTS GRADUATED IN SPRING OF 2021. MOST WENT ON TO FOUR YEAR COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Westrate President/director | Officer | 40 | $82,487 |
Joan Smith Secretary/director | Trustee | 0 | $0 |
Alex Mattera Director | Trustee | 0 | $0 |
Brennan Mccarragher Director | Trustee | 0 | $0 |
Sandy Fisher Director | Trustee | 0 | $0 |
Steve Staats Chair/director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,753 |
| Related organizations | $0 |
| Government grants | $55,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,136 |
| Total Program Service Revenue | $382,098 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,487 |
| Compensation of current officers, directors, key employees. | $49,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,387 |
| Fees for services: Management | $750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,062 |
| Advertising and promotion | $824 |
| Office expenses | $5,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,021 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,233 |
| Insurance | $6,472 |
| All other expenses | $13,895 |
| Total functional expenses | $436,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,302 |
| Savings and temporary cash investments | $2,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,240 |
| Net Land, buildings, and equipment | $11,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,997 |
| Accounts payable and accrued expenses | $11,672 |
| Grants payable | $0 |
| Deferred revenue | $13,001 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,653 |
| Total liabilities | $28,326 |
| Net assets without donor restrictions | $118,792 |
| Net assets with donor restrictions | $8,879 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $155,997 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hope Tutorials Inc has recieved totaling $97.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
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