Hope Chinese Charter School
- Assets
- $4.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 72
- Location
- Beaverton, OR
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 45-2995516
Organization Overview
Hope Chinese Charter School is located in Beaverton, OR. The organization was established in 2012. 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 Chinese Charter School employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Chinese Charter School 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 Chinese Charter School generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 16.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A COMPREHENSIVE BILINGUAL AND BI-LITERATE EDUCATION THAT NURTURES STUDENTS TO BE HIGHLY PROFICIENT IN ALL ACADEMIC SUBJECTS, BUT WITH A SPECIAL EMPHASIS ON MANDARIN CHINESE, ENGLISH AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A K-8 CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Herring Board Chair | OfficerTrustee | 5 | $0 |
Corene Pettit Vice Chair | OfficerTrustee | 3 | $0 |
Abby Hata Secretary | OfficerTrustee | 3 | $0 |
Michael Watson Treasurer | OfficerTrustee | 3 | $0 |
Rob Barry Member | Trustee | 2 | $0 |
Jakob Lutkavage-Dvorscak Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,623 |
| Related organizations | $0 |
| Government grants | $3,029,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,561,796 |
| Total Program Service Revenue | $630,175 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,271 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,208,354 |
| 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. | $141,035 |
| Compensation of current officers, directors, key employees. | $28,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,070,866 |
| Pension plan accruals and contributions | $468,483 |
| Other employee benefits | $119,649 |
| Payroll taxes | $195,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,040 |
| Fees for services: Accounting | $42,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,735 |
| Advertising and promotion | $2,398 |
| Office expenses | $45,986 |
| Information technology | $85,935 |
| Royalties | $0 |
| Occupancy | $210,519 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $438,402 |
| Insurance | $19,553 |
| All other expenses | $86,617 |
| Total functional expenses | $4,048,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794 |
| Savings and temporary cash investments | $1,772,585 |
| Pledges and grants receivable | $94,010 |
| 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 | $45,417 |
| Net Land, buildings, and equipment | $213,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,787,888 |
| Total assets | $4,914,149 |
| Accounts payable and accrued expenses | $169,492 |
| Grants payable | $0 |
| Deferred revenue | $108,871 |
| 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 | $4,377,985 |
| Total liabilities | $4,656,348 |
| Net assets without donor restrictions | $257,801 |
| 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 | $4,914,149 |