High Hopes Inc
- Assets
- $10.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 105
- Location
- Franklin, TN
- Founding
- 02/1985
- Data as of
- 08/2022
- EIN
- 62-1210720
Organization Overview
High Hopes Inc is located in Franklin, TN. The organization was established in 1985. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 08/2022, High Hopes Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Hopes Inc 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 08/2022, High Hopes Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $4.5m during the year ending 08/2022. While expenses have increased by 8.0% 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
TO EQUIP CHILDREN, YOUTH, AND THEIR FAMILIES WITH SKILLS NECESSARY TO ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH HOPES' PEDIATRIC THERAPY CLINIC OFFERS A WIDE VARIETY OF THERAPEUTIC SERVICES TO CHILDREN AND YOUTH, AGES SIX WEEKS THROUGH 21 YEARS, INCLUDING PHYSICAL, OCCUPATIONAL, SPEECH, FEEDING, AND LISTENING THERAPIES. WITH A FOCUS ON EARLY, INTENSIVE INTERVENTION, A TEAM OF HIGHLY-EXPERIENCED THERAPISTS GIVE EACH CHILD SPECIALIZED, ONE-ON-ONE CARE, EMPOWERING THEM TO EMERGE INTO ADULTHOOD WITH GREATER SKILLS TO BECOME INDEPENDENT CITIZENS IN OUR COMMUNITY. DURING THE 2021-2022 FISCAL YEAR, HIGH HOPES SERVED 878 CHILDREN WITH 31,109 THERAPY SESSIONS.
THE INCLUSIVE PRESCHOOL AT HIGH HOPES OFFERS QUALITY ACADEMIC PROGRAMMING AS WELL AS SUPERIOR PRESCHOOL CARE FOR CHILDREN, AGES SIX WEEKS THROUGH PRE-K. WITH HIGHLY QUALIFIED TEACHERS IN ALL CLASSROOMS, CHILDREN GAIN SKILLS IN ALL AREAS, RANGING FROM ACADEMIC SUBJECTS TO DEVELOPMENTALLY-APPROPRIATE SOCIAL SKILLS. WITH AN INCLUSIVE ATMOSPHERE OF BOTH TYPICALLY-DEVELOPING CHILDREN AND THOSE WITH SPECIAL NEEDS, STUDENTS ALSO LEARN LIFE LESSONS OF ACCEPTANCE, TOLERANCE, APPRECIATION, AND TRUE FRIENDSHIP. DURING THE 2021-2022 FISCAL YEAR, 180 CHILDREN RECEIVED 172,474 INSTRUCTIONAL HOURS IN OUR INCLUSIVE PRESCHOOL.
THE INCLUSIVE KINDERGARTEN AT HIGH HOPES PROVIDES EDUCATION THROUGH A STATE APPROVED, PRIVATE KINDERGARTEN PROGRAM. THE TENNESSEE CERTIFIED TEACHER UTILIZED A BALANCED APPROACH TO READING INSTRUCTION, BASED ON THE READING PROGRAM ALSO USED BY WILLIAMSON COUNTY SCHOOLS. MATH INSTRUCTION FOLLOWED THE SAME PROGRAM AS THE COUNTY SCHOOLS, AS WELL. THIS YEAR'S CLASS INCLUDED ELEVEN CHILDREN, SEVEN TYPICALLY DEVELOPING AND FOUR WITH SPECIAL NEEDS, TAUGHT BY AN EXPERIENCED TEACHER AND A FULL-TIME INSTRUCTIONAL TEACHER ASSISTANT. A LICENSED NURSE IS ONSITE DURING THE SCHOOL DAY FOR BOTH PRESCHOOL AND KINDERGARTEN CHILDREN. DURING THE 2021-2022 FISCAL YEAR, 14 CHILDREN RECEIVED 13,382 INSTRUCTIONAL HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Powell Executive Director (end 6.6.22) | Officer | 48 | $138,772 |
Mary Beth Gates Director Of Finance | Officer | 30 | $36,136 |
Monna Mayhall Vice Preident | OfficerTrustee | 2 | $0 |
Tim Nichols President (end 07.22) | OfficerTrustee | 6 | $0 |
Ryan Gallagher Treasurer (end 07.22) | OfficerTrustee | 2 | $0 |
Courtney Hess Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Recreational Concepts Construction | 8/30/18 | $102,952 |
Practice Resource Network Inc Healthcare Billing Service | 8/30/18 | $119,121 |
American Constructors Construction | 8/30/18 | $4,512,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $331,491 |
| Related organizations | $0 |
| Government grants | $881,854 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,019,408 |
| Noncash contributions included in lines 1a–1f | $55,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,232,753 |
| Total Program Service Revenue | $3,606,747 |
| Investment income | $3,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,920,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,485 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,575 |
| Compensation of current officers, directors, key employees. | $51,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,946,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,030 |
| Payroll taxes | $232,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,138 |
| Fees for services: Accounting | $14,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,580 |
| Advertising and promotion | $4,868 |
| Office expenses | $25,389 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,268 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,766 |
| Insurance | $38,086 |
| All other expenses | $25,887 |
| Total functional expenses | $4,503,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,677 |
| Savings and temporary cash investments | $1,277,813 |
| Pledges and grants receivable | $532,804 |
| Accounts receivable, net | $306,638 |
| 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 | $2,613 |
| Net Land, buildings, and equipment | $8,514,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,755,113 |
| Accounts payable and accrued expenses | $102,053 |
| Grants payable | $0 |
| Deferred revenue | $115,977 |
| 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 | $2,330,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,861 |
| Total liabilities | $2,550,891 |
| Net assets without donor restrictions | $7,682,091 |
| Net assets with donor restrictions | $522,131 |
| 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 | $10,755,113 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that High Hopes Inc has recieved totaling $788,378.
| Awarding Organization | Amount |
|---|---|
Care Foundation Of America Inc Brentwood, TN PURPOSE: TO FURTHER EXEMPT PURPOSE | $225,000 |
Speer Foundation Brentwood, TN PURPOSE: OPERATING SUPPORT | $135,000 |
Dugas Family Foundation Ii Inc Nashville, TN PURPOSE: EXPENDING THE IMPACT OF HIGH HOPES WITH BEHAVIORAL THERAPY | $98,150 |
Dugas Family Foundation Ii Inc Nashville, TN PURPOSE: EXPENDING THE IMPACT OF HIGH HOPES WITH BEHAVIORAL THERAPY | $98,150 |
United Way Of Middle Tennessee Inc Nashville, TN PURPOSE: PROGRAM OPNS (OBI) | $68,000 |
The Frist Foundation Nashville, TN PURPOSE: TO HELP ESTABLISH A NASHVILLE SATELLITE CLINIC FOR CHILDREN AND YOUTH WITH SPECIAL NEEDS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |