New Hope Elementary Pto

Nonprofit profile at a glance

EIN
841768372
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023, Form 990-N 2023
Location
Gastonia, NC, USA
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Parent/Teacher Group

Reported finances

Revenue
$17,157
Expenses
$105
Assets
$18,593

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Adriane Marino (President)
  • Kathryn Walker (Vice-President)

People named in this filing

  • Adriane Marino (President)
  • Kathryn Walker (Vice-President)
  • Melody Robinson (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support the students staff and teachers and New Hope Elementary by providing necessary funds for learning materials and school improvement projects. We also started fundraising this year to update and replace our aging playground to give the students a safer place to play and our teachers a better area to watch the students.

What it reported doing in 2023

Foster relationships with the students parents teachers staff and community; we were able to put on our Fall Carnival which gives students a chance to have a fun safe environment for participating in games and activities and enjoying a Halloween experience. We were also able to provide monetary support in gift cards to the families of students who lost a parent put on a Santa shop to allow students to but Christmas gifts at a reasonable price for their parents donating gifts to those who could not pay supported new Kindergarten parents and celebrating our 5th grade graduates.

Operating model

Revenue model
Other-operating. 78% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 99.4%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 177.08; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 13.7% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 346% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 169.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $21K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 56/100.