HOPE ACADEMY GSO INC

EIN: 010930709 501(c)(3) Education

GREENSBORO, NC

Total Revenue
$1,907,485
Total Expenses
$1,850,646
Total Assets
$4,484,686
Net Assets
$4,419,201
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
JOSH MULLINS
Phone
3369077115
Tax Period
2023-07-01 to 2024-06-30

HOPE ACADEMY GSO INC, founded in 2010, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Net assets of $4.4M represent 28 months of operating reserves.

Mission

THROUGH THE HOPE AND POWER OF CHRIST, WE PARTNER WITH FAMILIES AND THE COMMUNITY TO EDUCATE, ENCOURAGE, AND EQUIP OUR STUDENTS TO TRANSFORM THEIR FUTURES.

Program Service Accomplishments

Program 1
Expenses: $1,435,624 Revenue: $11,629

HOPE ACADEMY GSO, INC. IS A FAITH BASED SCHOOL THAT SERVES LOW INCOME CHILDREN AND FAMILIES IN GREENSBORO, NC. WE CURRENTLY SERVE 117 STUDENTS IN GRADES K-8. MANY OF OUR STUDENTS COME IN BELOW GRADE...

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HOPE ACADEMY GSO, INC. IS A FAITH BASED SCHOOL THAT SERVES LOW INCOME CHILDREN AND FAMILIES IN GREENSBORO, NC. WE CURRENTLY SERVE 117 STUDENTS IN GRADES K-8. MANY OF OUR STUDENTS COME IN BELOW GRADE LEVEL AND WE WORK TO GET THEM ACHIEVING AT OR ABOVE GRADE LEVEL BEFORE THEY GRADUATE FROM HOPE IN 8TH GRADE. WE HELP STUDENTS NAVIGATE THE HIGH SCHOOL APPLICATION PROCESS FOR LOCAL MAGNET AND CHOICE OPTIONS. STUDENTS LEARN A GREAT DEAL ABOUT THEMSELVES AND SET GOALS FOR LIFE-LONG LEARNING. WE PARTNER WITH A NUMBER OF OTHER COMMUNITY ORGANIZATIONS TO PROVIDE AFTER SCHOOL TUTORING FOR STUDENTS AND SUMMER CAMP OPPORTUNITIES AS WELL AS GROUPS WHO PROVIDE COUNSELLING SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,734,181
Program Service Revenue $11,629
Investment Income $85,146
Other Revenue $76,529
TOTAL REVENUE $1,907,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,269,246
Fundraising Expenses $128,050
Program Expenses $1,435,624
Other Expenses $581,400
TOTAL EXPENSES $1,850,646

Year-over-Year Comparison

2023 2022 Change
Revenue $1,907,485 $1,994,962 0.0%
Expenses $1,850,646 $1,528,381 +0.2%
Net Income $56,839 $466,581 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
38
Volunteers
85

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$93,510
Total Directors
11
$93,510
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH MULLINS HEAD OF SCHOOL 40.00
Officer Director
$93,510 $0 $93,510
BARRY UTESCH DEVELOPMENT COMMITTEE CHAI 1.00
Officer Director
$0 $0 $0
KATE BLACK MEMBER 1.00
Director
$0 $0 $0
RICH NEWMAN TREASURER 5.00
Officer Director
$0 $0 $0
MARIA BARKER MEMBER 1.00
Director
$0 $0 $0
TOM PAULSEN MEMBER 1.00
Director
$0 $0 $0
SUSIE GUHNE MEMBER 1.00
Director
$0 $0 $0
NEEKO WILLIAMS MEMBER 1.00
Director
$0 $0 $0
CHARLES AMISIAL MEMBER 1.00
Director
$0 $0 $0
REGINA CLARK MEMBER 1.00
Director
$0 $0 $0
MARSHALL BENBOW MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,907,485 $1,850,646 $4,484,686 $56,839
2023 $1,994,962 $1,528,381 $4,422,321 $466,581
2022 $1,875,893 $1,212,256 $3,916,712 $663,637
2021 $1,499,611 $1,066,166 $3,385,859 $433,445
2020 $997,953 $861,102 $2,948,259 $136,851
2019 $856,978 $842,472 $2,668,607 $14,506
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