Mount Hope Learning Center
- Assets
- $370.0k
- Revenue
- $206.4k
- Investments
- $0.0
- Employees
- 19
- Location
- Providence, RI
- Founding
- 05/1999
- Data as of
- 06/2021
- EIN
- 05-0502405
Organization Overview
Mount Hope Learning Center is located in Providence, RI. The organization was established in 1999. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Mount Hope Learning Center employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Hope Learning Center 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, Mount Hope Learning Center generated $206.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $228.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. 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
THE MISSION OF THE MOUNT HOPE LEARNING CENTER IS TO PROVIDE A SAFE ENVIRONMENT IN WHICH THE CHILDREN AND ADULTS OF THE COMMUNITY CAN LEARN SKILLS THAT WILL ENABLE THEM TO ENHANCE THEIR QUALITY OF LIFE AND HAVE MORE PRODUCTIVE FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAMS SERVE MORE THAN 100 CHILDREN IN GRADES K TO 5 ON A DAILY BASIS THROUGHOUT THE YEAR. PROGRAMS OFFERED INCLUDE ACADEMIC-BASED ENRICHMENT CLASSES, HOMEWORK HELP, ONE ON ONE TUTORING AND OTHER ENRICHMENT CLASSES SUCH AS MARTIAL ARTS, FINE ARTS AND TENNIS.
SCHOOL VACATION CAMP AND SUMMER CAMP FOR GRADES K TO 8 SERVING MORE THAN 50 STUDENTS PER WEEK FOCUSED ON READING, MATH, SCIENCE AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary-Jeanne Daly Executive Director | Officer | 40 | $57,340 |
Leonard Long President | OfficerTrustee | 1 | $0 |
Lorraine Lalli Vice President | OfficerTrustee | 1 | $0 |
Stacy Couto Treasurer | OfficerTrustee | 1 | $0 |
Andrew Caslowitz Member | Trustee | 1 | $0 |
Wilmette Santos Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,933 |
| Total Program Service Revenue | $19,573 |
| Investment income | $67 |
| 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 | $206,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,116 |
| Compensation of current officers, directors, key employees. | $4,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,347 |
| Payroll taxes | $16,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,294 |
| Advertising and promotion | $0 |
| Office expenses | $608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,559 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,318 |
| Insurance | $11,715 |
| All other expenses | $1,107 |
| Total functional expenses | $228,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,208 |
| Savings and temporary cash investments | $60,167 |
| Pledges and grants receivable | $8,140 |
| Accounts receivable, net | $0 |
| 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 | $2,314 |
| Net Land, buildings, and equipment | $122,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,015 |
| Accounts payable and accrued expenses | $8,736 |
| Grants payable | $0 |
| Deferred revenue | $13,500 |
| 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 | $86,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $109,005 |
| Net assets without donor restrictions | $261,010 |
| Net assets with donor restrictions | $0 |
| 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 | $370,015 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mount Hope Learning Center has recieved totaling $181,534.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: BUILDING REPAIR | $100,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $66,013 |
The Rhode Island Community Foundation Providence, RI PURPOSE: YOUTH EDUCATION SUPPORTS AND ENRICHMENTS; PROGRAM SUPPORT; MHLC EDUCATIONAL SUPPORTS AND ENRICHMENTS 2021-2022 | $13,000 |
Harborone Foundation Of Rhode Island Brockton, MA PURPOSE: YOUTH SERVICES | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
The Katharine Hepburn Cultural Arts Center Inc Old Saybrook, CT | $3,859,540 | $4,355,262 |
Nxthvn Inc New Haven, CT | $17,933,474 | $3,738,100 |
Lyme Academy Of Fine Arts Inc Old Lyme, CT | $14,295,843 | $2,513,940 |
Trustees Of Eliot School Jamaica Plain, MA | $3,411,558 | $2,005,547 |
Artists Association Of Nantucket Nantucket, MA | $5,698,877 | $1,841,794 |
Providence Art Club Providence, RI | $7,643,103 | $1,986,193 |
Bucks Rock Camp Inc New Milford, CT | $12,855,094 | $14,216,447 |
Truro Center For The Arts At Castle Hill Inc Truro, MA | $5,336,661 | $1,649,041 |
Hopkinton Center For The Arts Hopkinton, MA | $2,540,455 | $1,697,840 |
Falmouth Artists Guild Inc Falmouth, MA | $2,715,028 | $680,331 |
Neighborhood Studios Of Fairfield County Inc Bridgeport, CT | $354,836 | $613,099 |