Nonprofit · EIN 82-5514146
HOPE PREPARATORY SCHOOL INC
Tax-exempt · KINSTON, NC 28503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $1,335,878 | $1,351,789 | -$15,911 | $385,473 | $43,853 | $341,620 |
| July 31, 2024 | 990 | $1,217,899 | $1,177,455 | $40,444 | $393,660 | $36,129 | $357,531 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $176,673
- Program service revenue
- $1,138,309
- Investment income
- $11,761
- Other revenue
- $9,135
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $979,289
- Salaries, compensation and benefits (total)
- $1,073,060
- Professional fundraising fees
- $0
- Accounting fees
- $9,461
- Occupancy
- $82,395
- Depreciation
- $10,846
- Program services (functional)
- $1,134,110
- Management and general (functional)
- $217,679
Balance sheet and other
- Total assets, start of year
- $393,660
- Total assets, end of year
- $385,473
- Total liabilities, end of year
- $43,853
- Net assets, end of year
- $341,620
- Land, buildings and equipment
- $94,637
- Net assets without donor restrictions
- $341,620
- Gross receipts
- $1,335,878
- Employees
- 69
- Volunteers
- 25
- Year formed
- 2018
- State of legal domicile
- NC
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 |
|---|---|---|---|
| DIANE SPEAR | HEAD OF SCHO Trustee or director | 40 | $67,059 |
| DAVID EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBBIE JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| REGENIA JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| ANGELIA SHEPHERD | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| HERBERT SPEAR | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JUSTIN TILGHMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| RYAN VERNON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIANE SPEAR | HEAD OF SCHO Trustee or director | 40 | $67,652 |
| DAVID EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBBIE JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| ANGELIA SHEPHERD | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| HERBERT SPEAR | TREASURER Trustee or director, Officer | 1 | $0 |
| JUSTIN TILGHMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RYAN VERNON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5144, KINSTON, NC 28503-5144
- Principal officer (990 for 2024)
- HERBERT SPEAR, 1603 GREENBRIAR RD, KINSTON, NC 28501
- Signed the 990
- HERBERT SPEAR, CHAIRMAN
- Phone
- (252) 549-4164
- Website
- HOPEPREPSCHOOL.ORG
- Return prepared by
- BARROW PARRIS & DAVENPORT PA
Mission
TO PREPARE THE YOUTH OF OUR CITY TO THRIVE THROUGH A CHRISTIAN CENTERED EDUCATION.
Program accomplishments
- TO PREPARE THE YOUTH OF OUR CITY TO THRIVE THROUGH A CHRISTIAN CENTERED EDUCATION.Expenses $1,134,110 · revenue $1,138,309
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
- 82-5514146
- 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
- 2018
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $385,473
- Income (IRS master file)
- $1,335,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $1,335,878 | $1,351,789 | $385,473 | XML |
| 990 | July 2024 | $1,217,899 | $1,177,455 | $393,660 | XML |
| 990 | July 2023 | $832,567 | $798,039 | $315,603 | IRS |
| 990 | July 2022 | – | – | – | IRS |
| 990 | July 2021 | – | – | – | 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 82-5514146).
Questions about HOPE PREPARATORY SCHOOL INC
- What is the EIN of HOPE PREPARATORY SCHOOL INC?
- The employer identification number (EIN) of HOPE PREPARATORY SCHOOL INC is 82-5514146.
- Is HOPE PREPARATORY SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to HOPE PREPARATORY SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE PREPARATORY SCHOOL 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 PREPARATORY SCHOOL 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 PREPARATORY SCHOOL 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 PREPARATORY SCHOOL INC?
- The 990 for the year ended July 31, 2025 names HERBERT SPEAR.
- Who are the officers and directors of HOPE PREPARATORY SCHOOL INC?
- The 990 for the year ended July 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $67,059 (DIANE SPEAR, HEAD OF SCHO).
- How much revenue does HOPE PREPARATORY SCHOOL INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $1,335,878, expenses of $1,351,789 and total assets of $385,473 at year end.
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