Hope Partnership For Education
- Assets
- $4.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Philadelphia, PA
- Founding
- 01/2003
- Data as of
- 06/2022
- EIN
- 46-0493274
Organization Overview
Hope Partnership For Education is located in Philadelphia, PA. The organization was established in 2003. 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 06/2022, Hope Partnership For Education employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Partnership For Education 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 Partnership For Education generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 10.4% 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 PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE PARTNERSHIP FOR EDUCATION'S MISSION IS EMPOWERMENT THROUGH EDUCATION. HPE SERVES FAMILIES IN EASTERN NORTH PHILADELPHIA THROUGH ITS EDUCATION CENTER, WHICH HOUSES AN INDEPENDENT MIDDLE SCHOOL, GRADES 5 - 8, AN AFTER- SCHOOL ENRICHMENT PROGRAM, A GRADUATE SUPPORT PROGRAM AND AN ADULT EDUCATION PROGRAM.
THE HOPE PARTNERSHIP GRADUATE SUPPORT PROGRAM IS COMMITTED TO PROVIDING A HOLISTIC SUPPORT SYSTEM FOR ALL GRADUATES. BY FOSTERING GENUINE, LONG- LASTING RELATIONSHIPS WITH ALUMNI AND THEIR FAMILIES, OUR PROGRAM IS DESIGNED TO FACILITATE A SMOOTH AND SUCCESSFUL TRANSITION INTO HIGH SCHOOL AND COLLEGE, AND DEVELOP RESPONSIBLE, AND CIVICALLY ENGAGED MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virgil Sheppard President / | Officer | 40 | $71,192 |
Mary Lou Zwwan Chairperson | OfficerTrustee | 1 | $0 |
Charles A Fitzpatrick IV ESQ Vice-Chair | OfficerTrustee | 1 | $0 |
Joseph Keefer Treasurer | OfficerTrustee | 1 | $0 |
Honora Nicholson Rsm Secretary | OfficerTrustee | 1 | $0 |
Laura Farrell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,835 |
| Related organizations | $0 |
| Government grants | $229,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,972,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,478,111 |
| Total Program Service Revenue | $770,000 |
| Investment income | $1,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,693 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,238,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $860,398 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,272 |
| Compensation of current officers, directors, key employees. | $22,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,115 |
| Pension plan accruals and contributions | $9,212 |
| Other employee benefits | $87,189 |
| Payroll taxes | $71,526 |
| 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 | $164,846 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,203 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,731 |
| Insurance | $38,396 |
| All other expenses | $32,924 |
| Total functional expenses | $2,649,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,311 |
| Savings and temporary cash investments | $1,352,351 |
| Pledges and grants receivable | $35,476 |
| 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 | $58,792 |
| Net Land, buildings, and equipment | $2,533,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,360,041 |
| Accounts payable and accrued expenses | $79,985 |
| Grants payable | $0 |
| Deferred revenue | $36,429 |
| 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 | $851,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,639 |
| Total liabilities | $993,418 |
| Net assets without donor restrictions | $3,014,502 |
| Net assets with donor restrictions | $352,121 |
| 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 | $4,360,041 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Hope Partnership For Education has recieved totaling $646,519.
| Awarding Organization | Amount |
|---|---|
Jhc Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $32,715 |
Meade Foundation Pottstown, PA PURPOSE: GENERAL | $25,000 |
Townsend Foundation Voorhees, NJ PURPOSE: SUPPORT EDUC PROGRAMS FOR LOW-INCOME | $25,000 |
Efm Foundation Ua M&e Dooner Newtown Square, PA PURPOSE: GENERAL OPERATING EXPENSE | $14,500 |
The Burton And Mindy Cohen Foundation Lahaska, PA PURPOSE: GENERAL PURPOSE GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Keio Academy Of New York Purchase, NY | $60,256,729 | $12,685,966 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |