Hope Online Learning Academy Co-Op
- Assets
- $4.6m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 121
- Location
- Englewood, CO
- Founding
- 06/2007
- Data as of
- 06/2023
- EIN
- 20-1858456
Organization Overview
Hope Online Learning Academy Co-Op is located in Englewood, CO. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Hope Online Learning Academy Co-Op employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Online Learning Academy Co-Op 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 06/2023, Hope Online Learning Academy Co-Op generated $19.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $19.8m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE ONLINE LEARNING ACADEMY CO-OP IS A PUBLIC CHARTER SCHOOL THAT PROVIDES COLORADO STUDENTS WITH A COMPREHENSIVE AND QUALITY 6-12 EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE IS A COLORADO PUBLIC CHARTER SCHOOL. DURING THE 2022-2023 SCHOOL YEAR, HOPE EDUCATED APPROXIMATELY 1,751 STUDENTS IN GRADES 6-12.
HOPE OPERATES A SCHOOL BREAKFAST AND LUNCH PROGRAM SERVING STUDENTS IN MANY OF OUR LEARNING SITE LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather O'mara CEO | Officer | 40 | $198,723 |
Jennifer Failer VP Of Finance - Thru 08/2022 | Officer | 40 | $101,012 |
Bill DE La Cruz Co-Chair | OfficerTrustee | 1 | $0 |
Jeff Vigil Director | Trustee | 1 | $0 |
Jerry Demmer Director | Trustee | 1 | $0 |
Kim Rossi Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
World Impact Learning Center | 6/29/23 | $574,840 |
Alpha Learning Academy Learning Center | 6/29/23 | $510,854 |
Power Academy Learning Center | 6/29/23 | $455,808 |
Edgenuity Inc Curriculum | 6/29/23 | $1,800,000 |
Global Advantage Learning Site | 6/29/23 | $5,632,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,655 |
| Related organizations | $0 |
| Government grants | $19,108,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,983 |
| Noncash contributions included in lines 1a–1f | $48,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,202,282 |
| Total Program Service Revenue | $0 |
| Investment income | $8,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,802 |
| Net Income from Fundraising Events | -$14,511 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,176,553 |
| 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. | $277,386 |
| Compensation of current officers, directors, key employees. | $277,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,633,826 |
| Pension plan accruals and contributions | $916,181 |
| Other employee benefits | $638,909 |
| Payroll taxes | $104,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,732 |
| Fees for services: Accounting | $212,464 |
| Fees for services: Lobbying | $42,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,282,990 |
| Advertising and promotion | $19,897 |
| Office expenses | $221,710 |
| Information technology | $198,936 |
| Royalties | $0 |
| Occupancy | $349,149 |
| Travel | $109,105 |
| 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 | $312,102 |
| Depreciation, depletion, and amortization | $93,619 |
| Insurance | $60,401 |
| All other expenses | $39,820 |
| Total functional expenses | $19,821,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,266,647 |
| Savings and temporary cash investments | $600,729 |
| Pledges and grants receivable | $21,354 |
| Accounts receivable, net | $227,162 |
| 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 | $639,506 |
| Net Land, buildings, and equipment | $227,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,592,938 |
| Total assets | $4,575,653 |
| Accounts payable and accrued expenses | $976,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $11,622,164 |
| Total liabilities | $12,598,576 |
| Net assets without donor restrictions | -$8,623,652 |
| Net assets with donor restrictions | $600,729 |
| 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 | $4,575,653 |