Hope Christian Schools Inc
- Assets
- $35.6m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 239
- Location
- Albuquerque, NM
- Founding
- 10/1976
- Data as of
- 05/2023
- EIN
- 85-0244670
Organization Overview
Hope Christian Schools Inc is located in Albuquerque, NM. The organization was established in 1976. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Hope Christian Schools Inc employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Christian Schools 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 05/2023, Hope Christian Schools Inc generated $14.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $12.2m during the year ending 05/2023. While expenses have increased by 1.4% 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
HOPE CHRISTIAN SCHOOL IS A NON-DENOMINATIONAL CHRISTIAN SCHOOL THAT OFFERS OPPORTUNITIES TO STUDENTS WITH A POSITIVE ATTITUDE TOWARDS EDUCATION TO PROGRESS ACADEMICALLY, SPIRITUALLY, AND SOCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE CHRISTIAN SCHOOL PROVIDES ACADEMIC PROGRAMS TO CHILDREN FROM PRE-K THROUGH HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Groom Finance Mana | Officer | 40 | $95,074 |
Daniel Hedges Exec Directo | Officer | 40 | $86,888 |
Terry Heisey Head Of Scho | Officer | 40 | $83,295 |
Andrea Trujillo Business Man | Officer | 40 | $77,887 |
Donald Swaim Chairman | OfficerTrustee | 5 | $0 |
James Tate Vice Chairma | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gmc Enterprises Llc Dba Tenco Culin School Lunches | 5/30/23 | $598,317 |
Jon Anderson Architecture Llc Architect | 5/30/23 | $443,518 |
Green Summit Landscape Management Landscape Maint | 5/30/23 | $107,236 |
Srsnm Llc Janitorial | 5/30/23 | $194,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,083 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,447 |
| Noncash contributions included in lines 1a–1f | $2,473 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,530 |
| Total Program Service Revenue | $13,393,387 |
| Investment income | $265,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,415 |
| Net Income from Fundraising Events | $203,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $85,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,533,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $226,539 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $385,787 |
| Compensation of current officers, directors, key employees. | $11,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,842,395 |
| Pension plan accruals and contributions | $138,036 |
| Other employee benefits | $974,219 |
| Payroll taxes | $466,533 |
| 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 | $85,139 |
| Advertising and promotion | $80,533 |
| Office expenses | $423,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $331,681 |
| Travel | $72,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $344,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $895,831 |
| Insurance | $116,043 |
| All other expenses | $268,021 |
| Total functional expenses | $12,227,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,495,393 |
| Savings and temporary cash investments | $751,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,421 |
| 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 | $192,470 |
| Net Land, buildings, and equipment | $17,896,317 |
| Investments—publicly traded securities | $11,931,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $220,006 |
| Other assets | $998 |
| Total assets | $35,551,867 |
| Accounts payable and accrued expenses | $1,152,728 |
| Grants payable | $0 |
| Deferred revenue | $1,004,866 |
| 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 | $7,782,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,088,542 |
| Total liabilities | $17,028,779 |
| Net assets without donor restrictions | $17,806,799 |
| Net assets with donor restrictions | $716,289 |
| 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 | $35,551,867 |