Hope Online Learning Academy Co-Op
- Assets
- $6.1m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 116
- Location
- Englewood, CO
- Founding
- 06/2007
- Data as of
- 06/2022
- 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 06/2022, Hope Online Learning Academy Co-Op employed 116 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 06/2022, Hope Online Learning Academy Co-Op generated $20.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $20.5m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 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
2022
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 2021-2022 SCHOOL YEAR, HOPE EDUCATED APPROXIMATELY 1,998 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 | $190,485 |
Stephen Boston VP Of Finance-Thru Oct 2021 | Officer | 40 | $91,744 |
Jennifer Failer VP Of Finance | Officer | 40 | $22,730 |
Kim Rossi Chair | OfficerTrustee | 1 | $0 |
Bill DE La Cruz Director | Trustee | 1 | $0 |
Jeff Vigil Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power Academy Learning Center | 6/29/22 | $517,138 |
Alpha Learning Academy Learning Center | 6/29/22 | $520,328 |
New Heights Academy Learning Center | 6/29/22 | $509,965 |
Global Advantage Learning Center | 6/29/22 | $2,639,988 |
Edgenuity Inc Curriculum | 6/29/22 | $1,800,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,052 |
| Related organizations | $0 |
| Government grants | $20,841,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,147 |
| Noncash contributions included in lines 1a–1f | $14,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,900,279 |
| Total Program Service Revenue | $0 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,952 |
| Net Income from Fundraising Events | $11,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,891,774 |
| 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. | $373,902 |
| Compensation of current officers, directors, key employees. | $373,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,223,014 |
| Pension plan accruals and contributions | $572,597 |
| Other employee benefits | $423,590 |
| Payroll taxes | $88,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,892 |
| Fees for services: Accounting | $54,109 |
| Fees for services: Lobbying | $42,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,301,981 |
| Advertising and promotion | $41,472 |
| Office expenses | $246,718 |
| Information technology | $143,905 |
| Royalties | $0 |
| Occupancy | $554,608 |
| Travel | $59,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,007 |
| Payments to affiliates | $281,857 |
| Depreciation, depletion, and amortization | $111,607 |
| Insurance | $47,237 |
| All other expenses | $39,088 |
| Total functional expenses | $20,459,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,168,973 |
| Savings and temporary cash investments | $623,060 |
| Pledges and grants receivable | $574,919 |
| Accounts receivable, net | $74,705 |
| 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 | $396,833 |
| Net Land, buildings, and equipment | $181,788 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,093,293 |
| Total assets | $6,113,571 |
| Accounts payable and accrued expenses | $1,427,585 |
| 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 | $8,579,827 |
| Total liabilities | $10,007,412 |
| Net assets without donor restrictions | -$4,516,901 |
| Net assets with donor restrictions | $623,060 |
| 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 | $6,113,571 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hope Online Learning Academy Co-Op has recieved totaling $43,745.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: FOR GENERAL CHARITABLE PURPOSES OF THE ORGANIZATION | | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $16,628 |
Socius Foundation San Francisco, CA PURPOSE: 2021 GRANT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $117 |
Endowment Analysis
| Beg. Balance | $633,149 |
| Other Expense | $25,268 |
| Ending Balance | $607,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Goal Academy Pueblo, CO | $51,570,908 | $48,674,529 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
Odyssey Preparatory Academy Inc Buckeye, AZ | $75,530,982 | $28,243,391 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Rocky Mountain Preparatory School Denver, CO | $30,804,994 | $31,097,127 |
Arizona Connections Academy Charter School Gilbert, AZ | $11,036,365 | $27,443,157 |
Benjamin Franklin Charter School - Queen Creek Gilbert, AZ | $74,039,747 | $26,576,099 |
Daisy Education Corporation Gilbert, AZ | $46,295,236 | $27,502,043 |