Nonprofit · EIN 82-3717614
PARALLEL HOPE SCHOOLS INC
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $1,326 | $479 | $847 | $8,083 | $0 | $8,083 |
| June 30, 2025 | 990 | $2,770 | $1,409 | $1,361 | $7,236 | $0 | $7,236 |
| June 30, 2024 | 990 | $5,700 | $7,379 | -$1,679 | $5,875 | $0 | $5,875 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $1,326
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5
- Program services (functional)
- $474
- Management and general (functional)
- $5
Balance sheet and other
- Total assets, start of year
- $7,236
- Total assets, end of year
- $8,083
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,083
- Gross receipts
- $1,326
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2017
- State of legal domicile
- MD
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 June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frank Clark | Chair Officer | 2 | $0 |
| Pius Ogbewe | Vice Chair Officer | 1 | $0 |
| Annette Laguerre | Administrator and Treasurer Officer, Key employee | 20 | $0 |
990 for the year ended June 30, 2025: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frank Clark | Chair Trustee or director, Officer | 2 | $0 |
| Pius Ogbewe | Vice Chair Trustee or director, Officer | 1 | $0 |
| Robert Silberman | Board member Trustee or director | 1 | $0 |
| Annette Laguerre | Administrator and Treasurer Officer, Key employee | 20 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jill Freund | Secretary Trustee or director, Officer | 1 | $0 |
| Frank Clark | Chair Trustee or director, Officer | 1 | $0 |
| Pius Ogbewe | Vice Chair Trustee or director, Officer | 1 | $0 |
| Robert Silberman | Board member Trustee or director | 1 | $0 |
| Annette Laguerre | Administrator and Treasurer Trustee or director, Officer, Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 14225 GLEN MILL RD, ROCKVILLE, MD 20850-3430
- In care of
- % ANNETTE LAGUERRE
- Principal officer (990 for 2025)
- Annette Laguerre, 14225 Glen Mill Road, Rockville, MD 20850
- Signed the 990
- Annette Laguerre, Administrator
- Phone
- (240) 514-4475
- Website
- http://parallelhope.com
Mission
Parallel Hope Schools, Inc. will be a place for the purposeful education of children and will work to establish schools and tutoring centers designed to train and educate children for success in their own purpose, using the tools through which they best learn, and will educate and prepare students for a career or college and life. Parallel Hope Schools, Inc., will provide a safe and loving environment for students to learn. Parallel Hope Schools, Inc., will seek excellence in all that we do.
Program accomplishments
- Establish an operational school and/or tutoring program, including raising public awareness of the new school program. This is being accomplished using volunteers, with the exception of the zoning process and the website rebuild. Work being done is: - Filing appropriate paperwork for operation; - Attempt to secure zoning for the school location; - Raising funds for the initial operating expenses and locationExpenses $171
- Establish a curriculum and library for the educational program.Expenses $303
- Continue to establish foundational regulations, roles, and bylaws. Completed by volunteers.0
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3717614
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $8,083
- Income (IRS master file)
- $1,326
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $1,326 | $479 | $8,083 | XML |
| 990 | June 2025 | $2,770 | $1,409 | $7,236 | XML |
| 990 | June 2024 | $5,700 | $7,379 | $5,875 | XML |
| 990 | June 2023 | $1,344 | $7,222 | $7,554 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 82-3717614).
Questions about PARALLEL HOPE SCHOOLS INC
- What is the EIN of PARALLEL HOPE SCHOOLS INC?
- The employer identification number (EIN) of PARALLEL HOPE SCHOOLS INC is 82-3717614.
- Is PARALLEL HOPE SCHOOLS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PARALLEL HOPE SCHOOLS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARALLEL HOPE SCHOOLS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PARALLEL HOPE SCHOOLS INC due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARALLEL HOPE SCHOOLS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of PARALLEL HOPE SCHOOLS INC?
- The 990 for the year ended June 30, 2026 names Annette Laguerre.
- Who are the officers and directors of PARALLEL HOPE SCHOOLS INC?
- The 990 for the year ended June 30, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does PARALLEL HOPE SCHOOLS INC have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $1,326, expenses of $479 and total assets of $8,083 at year end.
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