Nonprofit · EIN 41-1962874
HOPE ACADEMY INC
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $32,111,922 | $24,944,149 | $7,167,773 | $46,908,680 | $2,966,856 | $43,941,824 |
| July 31, 2024 | 990 | $31,800,499 | $37,098,056 | -$5,297,557 | $38,156,559 | $1,556,055 | $36,600,504 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $20,389,359
- of which government grants
- $1,394,999
- Program service revenue
- $11,006,979
- Investment income
- $515,324
- Net rental income
- $277,347
- Net gain from sales of assets
- $21,667
- Net income from fundraising events
- -$77,087
- Other revenue
- $200,260
Expenses
- Grants and similar amounts paid
- $10,079,667
- Compensation of officers, directors and key employees
- $545,738
- Other salaries and wages
- $8,853,451
- Salaries, compensation and benefits (total)
- $11,001,161
- Professional fundraising fees
- $0
- Accounting fees
- $45,500
- Occupancy
- $620,578
- Travel
- $29,677
- Depreciation
- $1,051,959
- Program services (functional)
- $23,086,758
- Management and general (functional)
- $862,874
- Fundraising (functional)
- $994,517
Balance sheet and other
- Total assets, start of year
- $38,156,559
- Total assets, end of year
- $46,908,680
- Total liabilities, end of year
- $2,966,856
- Net assets, end of year
- $43,941,824
- Land, buildings and equipment
- $20,021,564
- Net assets without donor restrictions
- $37,198,140
- Net assets with donor restrictions
- $6,743,684
- Gross receipts
- $37,240,598
- Employees
- 259
- Volunteers
- 296
- Year formed
- 2000
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM STIGMAN | HEAD OF ADVA Highest-paid employee | 40 | $198,734 | $15,849 |
| RUSS GREGG | HEAD OF SCHO Trustee or director, Officer | 50 | $142,582 | $12,703 |
| NATHAN ZIEGLER | CHIEF ACADEM Highest-paid employee | 50 | $108,992 | $13,860 |
| GWEN SMITH | HEAD OF FINA Officer | 50 | $86,515 | $12,961 |
| JEREMY DONALDSON | DIRECTOR OF Officer | 50 | $80,794 | $12,732 |
| KELVIN SIMMS | ASSOC HEAD O Trustee or director | 50 | $67,135 | $9,685 |
| JOHN VILLAS | COO Officer | 30 | $49,647 | $11,486 |
| MIKE BROCKER | MEMBER Trustee or director | 0.5 | $0 | $0 |
| KAREN BROWN | MEMBER Trustee or director | 0.5 | $0 | $0 |
| WAYNE BUGG | MEMBER Trustee or director | 0.5 | $0 | $0 |
| HECTOR FERNANDEZ | MEMBER Trustee or director | 0.5 | $0 | $0 |
| PAUL GUIDERA | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DONNA HARRIS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAN OLSON | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| ANDREW PARKS | MEMBER Trustee or director | 0.5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD PIEPER | MEMBER Trustee or director | 0.5 | $0 |
| DOUG SMITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE TOUREK | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended July 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM STIGMAN | HEAD OF ADVA Highest-paid employee | 50 | $181,490 | $7,260 |
| RUSS GREGG | HEAD OF SCHO Trustee or director, Officer | 50 | $138,994 | $12,410 |
| JEREMY DONALDSON | DIRECTOR OF Officer | 49 | $65,683 | $11,943 |
| JOHN VILLAS | COO Officer | 24 | $61,906 | $10,972 |
| GWEN SMITH | HEAD OF FINA Officer | 50 | $0 | $0 |
| DAN OLSON | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| DOUG SMITH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIKE BROCKER | MEMBER Trustee or director | 0.5 | $0 | $0 |
| WAYNE BUGG | MEMBER Trustee or director | 0.5 | $0 | $0 |
| HECTOR FERNANDEZ | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DONNA HARRIS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRAD PIEPER | MEMBER Trustee or director | 0.5 | $0 | $0 |
| ROBIN MAYNARD | MEMBER Trustee or director | 0.5 | $0 | $0 |
| STEVE TOUREK | MEMBER Trustee or director | 0.5 | $0 | $0 |
| PAUL GUIDERA | MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 710 EAST 24TH STREET, MINNEAPOLIS, MN 55404-3840
- In care of
- % HOPE ACADEMY
- Principal officer (990 for 2024)
- RUSS GREGG, 710 E 24TH ST, MINNEAPOLIS, MN 55404
- Signed the 990
- JOHN VILLAS, COO
- Phone
- (612) 540-2200
- Website
- HOPEACADEMYMPLS.ORG
- Return prepared by
- BOYUM & BARENSCHEER PLLP
Mission
THE ORGANIZATION OPERATES A K-12 SCHOOL IN URBAN MINNEAPOLIS WHICH PROVIDES A CLASSICAL CHRISTIAN EDUCATION, WITH A GOAL OF FOSTERING HOPE IN GOD WITHIN THE INNER-CITY NEIGHBORHOODS OF MINNEAPOLIS BY PROVIDING YOUTH WITH A REMARKABLE GOD-CENTERED EDUCATION.
Program accomplishments
- THE SCHOOL ACCEPTS STUDENTS IN ALL GRADES FROM KINDERGARTEN UP TO TWELVE. ALL EXPENSES WENT TOWARD PROVIDING A HIGH QUALITY, CHRIST-CENTERED EDUCATION.Expenses $23,086,758 · grants $10,079,667 · revenue $11,006,979
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 41-1962874
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $46,908,680
- Income (IRS master file)
- $37,240,598
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $32,111,922 | $24,944,149 | $46,908,680 | XML |
| 990 | July 2024 | $31,800,499 | $37,098,056 | $38,156,559 | XML |
| 990 | July 2023 | $27,043,718 | $11,650,934 | $42,742,682 | IRS |
| 990 | July 2022 | $13,659,656 | $9,799,766 | $26,555,934 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1962874).
Questions about HOPE ACADEMY INC
- What is the EIN of HOPE ACADEMY INC?
- The employer identification number (EIN) of HOPE ACADEMY INC is 41-1962874.
- Is HOPE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to HOPE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPE ACADEMY INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of HOPE ACADEMY INC?
- The 990 for the year ended July 31, 2025 names RUSS GREGG.
- Who are the officers and directors of HOPE ACADEMY INC?
- The 990 for the year ended July 31, 2025 lists 18 people; 7 received compensation from the organization, the highest $198,734 (JIM STIGMAN, HEAD OF ADVA).
- How much revenue does HOPE ACADEMY INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $32,111,922, expenses of $24,944,149 and total assets of $46,908,680 at year end.
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