Chicago Hope Academy
- Assets
- $37.8m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 71
- Location
- Chicago, IL
- Founding
- 04/2000
- Data as of
- 06/2023
- EIN
- 36-4244054
Organization Overview
Chicago Hope Academy is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Chicago Hope Academy employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Hope Academy 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, Chicago Hope Academy generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. While expenses have increased by 6.1% 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
ACADEMY HELPS APPROXIMATELY 180 STUDENTS, NINTH THROUGH TWELVTH GRADES, STRIVING FOR EXCELLENCE TO SPIRITUAL, DEVELOPMENT, ACADEMICS AND ATHLETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN PREPARATORY HIGH SCHOOL
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaiah Muzikowski Head Of School | OfficerTrustee | 60 | $130,000 |
Brian Sir Chairman | OfficerTrustee | 20 | $0 |
Jim Sharman Director | Trustee | 1 | $0 |
Bart Marchant Director | Trustee | 1 | $0 |
David Lewis Director | Trustee | 1 | $0 |
Traci Melcher Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,318,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,318,955 |
| Total Program Service Revenue | $1,961,247 |
| Investment income | $1,422,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $688,109 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,803 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,705,618 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,020,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $271,399 |
| Payroll taxes | $240,901 |
| Fees for services: Management | $239,222 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $109,385 |
| Fees for services: Investment Management | $109,286 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,766 |
| Office expenses | $89,768 |
| Information technology | $71,896 |
| Royalties | $0 |
| Occupancy | $172,200 |
| Travel | $14,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $263,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $775,224 |
| Insurance | $79,371 |
| All other expenses | $36,994 |
| Total functional expenses | $6,719,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,315,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,776,527 |
| Accounts receivable, net | $2,123,929 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,269,895 |
| Investments—publicly traded securities | $10,847,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $498,654 |
| Total assets | $37,831,565 |
| Accounts payable and accrued expenses | $183,462 |
| Grants payable | $0 |
| Deferred revenue | $53,575 |
| 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 | $4,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,500,000 |
| Total liabilities | $6,037,037 |
| Net assets without donor restrictions | $31,441,730 |
| Net assets with donor restrictions | $352,798 |
| 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 | $37,831,565 |