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Hope Educational & Research Center

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$18M (2023)

Expenses
$19.5M (2023)

Total Assets
$188M (2023)

Total Liabilities
$1.44M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,014,280
Expenses
$19,504,717
Net Income
-$1,490,437
Net Assets
$186,221,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,222,990
73.4%
Investment Income $2,555,898
14.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
8.3%
Net Fundraising $0
Sales of Assets $676,320
3.8%
Net Inventory Sales $0
Other Revenue $57,332
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,216,594
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,963,981
51.1%
Assets/Debt
Total Assets $187,657,626
Total Liabilities $1,436,047
Net Assets $186,221,579
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman & Ceo) $457,150 $0 $23,870
Dan Signorelli (Vp Real Estate) $250,105 $0 $24,757
Brad Lemasters (Treasurer & Cfo) $248,787 $0 $25,362
Jaime Dodd (Director Of Operations) $245,626 $0 $10,131
Louis Helmsing (Secretary) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,701,543
Expenses
$19,546,310
Net Income
-$6,844,767
Net Assets
$187,712,016
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,595,410
99.2%
Investment Income $2,455,114
19.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
11.8%
Net Fundraising $0
Sales of Assets -$3,880,320
Net Inventory Sales $0
Other Revenue $29,599
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,208,061
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,470,253
48.5%
Assets/Debt
Total Assets $189,329,073
Total Liabilities $1,617,057
Net Assets $187,712,016
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman & Ceo) $456,492 $0 $24,986
Dan Signorelli (Vp Real Estate) $253,333 $0 $23,467
Jaime Dodd (Director Of Operations) $248,588 $0 $9,982
Brad Lemasters (Treasurer & Cfo) $238,112 $0 $23,005
Louis Helmsing (Secretary) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,382,338
Expenses
$18,561,488
Net Income
$26,820,850
Net Assets
$195,081,374
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,375
0.1%
Program Services $9,723,966
21.4%
Investment Income $2,425,455
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
3.3%
Net Fundraising $0
Sales of Assets $31,680,238
69.8%
Net Inventory Sales $0
Other Revenue $23,564
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,201,893
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $8,827,600
47.6%
Assets/Debt
Total Assets $196,443,117
Total Liabilities $1,361,743
Net Assets $195,081,374
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman & Ceo) $452,673 $0 $28,073
Jaime Dodd (Director Of Operations) $251,364 $0 $10,672
Dan Signorelli (Vp Real Estate) $248,893 $0 $27,482
Brad Lemasters (Treasurer & Cfo) $236,860 $0 $24,073
Louis Helmsing (Secretary) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,183,376
Expenses
$17,433,044
Net Income
$7,750,332
Net Assets
$168,260,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,122
0.0%
Program Services $9,331,916
37.1%
Investment Income $2,736,961
10.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
6.0%
Net Fundraising $0
Sales of Assets $11,555,105
45.9%
Net Inventory Sales $0
Other Revenue $45,532
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,179,865
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $8,532,277
48.9%
Assets/Debt
Total Assets $169,955,485
Total Liabilities $1,694,961
Net Assets $168,260,524
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman & Ceo) $415,135 $0 $22,076
Dan Signorelli (Vp Real Estate) $247,870 $0 $24,712
Jaime Dodd (Director Of Operations) $247,051 $0 $21,512
Brad Lemasters (Treasurer & Cfo) $198,270 $0 $22,076
Louis Helmsing (Secretary) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,944,139
Expenses
$16,853,640
Net Income
$1,090,499
Net Assets
$159,260,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $541
0.0%
Program Services $11,577,624
64.5%
Investment Income $2,489,528
13.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
8.4%
Net Fundraising $0
Sales of Assets $2,346,844
13.1%
Net Inventory Sales $0
Other Revenue $27,862
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,066,046
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $160,406,265
Total Liabilities $1,146,073
Net Assets $159,260,192
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman & Ceo) $422,274 $0 $22,437
Jaime Dodd (Director Of Operations) $230,418 $0 $18,689
Dan Signorelli (Vp Real Estate) $210,647 $0 $21,051
Brad Lemasters (Treasurer & Cfo) $167,336 $0 $19,237
Lawrence C Sumner (Secretary) $2,000 $0 $0
Louis Helmsing (Director) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,629,597
Expenses
$16,620,072
Net Income
$4,009,525
Net Assets
$156,669,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $53,855
0.3%
Program Services $11,883,259
57.6%
Investment Income $2,389,787
11.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
7.3%
Net Fundraising $0
Sales of Assets $4,800,956
23.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,265,876
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $157,758,283
Total Liabilities $1,088,590
Net Assets $156,669,693
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman & Ceo) $414,135 $0 $18,568
Dan Signorelli (Vp Real Estate) $211,249 $0 $18,469
Jaime Dodd (Director Of Operations) $198,772 $0 $16,242
Joe Patterson (Former Head Of School) $185,674 $0 $15,017
Robert Ciampoli (Former Head Of School) $162,421 $0 $19,071
Brad Lemasters (Treasurer & Cfo) $157,836 $0 $16,763
Lawrence C Sumner (Secretary) $2,000 $0 $0
Louis Helmsing (Director) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,350,598
Expenses
$16,272,795
Net Income
$1,077,803
Net Assets
$151,160,168
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,973
0.0%
Program Services $12,050,492
69.5%
Investment Income $1,861,351
10.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
8.7%
Net Fundraising $0
Sales of Assets $1,928,557
11.1%
Net Inventory Sales $0
Other Revenue $6,485
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,333,208
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $152,388,387
Total Liabilities $1,228,219
Net Assets $151,160,168
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman) $414,918 $0 $19,069
Dan Signorelli (Vice President) $211,118 $0 $18,875
Jamie Dodd (Director Of Operations) $196,583 $0 $15,675
Joe Patterson (Headmaster) $182,783 $0 $17,825
Robert Ciampoli (Headmaster) $157,713 $0 $18,734
Brad Lemasters (Treasurer) $152,390 $0 $16,944
Lawrence C Sumner (Secretary) $2,000 $0 $0
Louis Helmsing (Director) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,129,520
Expenses
$16,139,928
Net Income
$1,989,592
Net Assets
$149,082,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,550
0.0%
Program Services $12,058,221
66.5%
Investment Income $1,734,034
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
8.3%
Net Fundraising $0
Sales of Assets $2,833,975
15.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,497,719
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $7,970,967
49.4%
Assets/Debt
Total Assets $150,350,892
Total Liabilities $1,268,526
Net Assets $149,082,366
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (Chairman) $414,620 $0 $18,976
Serena Shelton Dodge (School Director) $232,532 $0 $257
Dan Signorelli (Vice President) $214,430 $0 $19,333
Jamie Dodd (Director Of Operations) $194,230 $0 $16,133
Joe Patterson (Headmaster) $182,807 $0 $16,193
Robert Ciampoli (Headmaster) $153,127 $0 $16,211
Brad Lemasters (Treasurer) $134,316 $0 $16,654
Lawrence C Sumner (Secretary) $2,000 $0 $0
Louis Helmsing (Director) $2,000 $0 $0
John Loughlin (Vice President) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,420,567
Expenses
$16,182,291
Net Income
$1,238,276
Net Assets
$146,342,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,101
0.0%
Program Services $12,336,746
70.8%
Investment Income $1,739,930
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
8.6%
Net Fundraising $0
Sales of Assets $1,828,023
10.5%
Net Inventory Sales $0
Other Revenue $13,027
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,334,314
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $8,131,138
50.2%
Assets/Debt
Total Assets $147,895,297
Total Liabilities $1,552,522
Net Assets $146,342,775
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Signorelli (President) $312,178 $0 $16,278
David Shelton Dodge (School Director) $232,397 $0 $15,835
Jamie Dodd (Director Of Operations) $197,977 $0 $17,357
Joe Patterson (Headmaster) $184,990 $0 $17,417
Dan Signorelli (Vice President) $177,992 $0 $18,766
Robert Ciampoli (Headmaster) $154,359 $0 $17,662
Brad Lemasters (Cfo) $120,424 $0 $16,278
Ellen Lemasters (Director) $2,000 $0 $0
Louis Helmsing (Director) $2,000 $0 $0
John Loughlin (Director) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0
Sam Pagano (Vice President) $1,500 $0 $0
Lawrence C Sumner (Secretary) $1,500 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,949,280
Expenses
$16,002,765
Net Income
$3,946,515
Net Assets
$144,754,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $150
0.0%
Program Services $12,618,601
63.3%
Investment Income $1,420,816
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
7.5%
Net Fundraising $0
Sales of Assets $4,361,722
21.9%
Net Inventory Sales $0
Other Revenue $46,251
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,416,912
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $7,818,732
48.9%
Assets/Debt
Total Assets $146,557,134
Total Liabilities $1,802,635
Net Assets $144,754,499
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Andrew J Signorelli (Chairman, Cio & Ceo) $393,169 $0 $13,506
Bart F Connors (Cfo Through 11/13) $226,455 $0 $1,149
Jamie Dodd (Director Of Operations) $186,047 $0 $13,988
Mark Signorelli (President) $184,070 $0 $16,109
Joe Patterson (Headmaster) $173,134 $0 $16,330
Dan Signorelli (Vice President) $170,829 $0 $16,358
Brad Lemasters (Cfo) $5,769 $0 $0
Sam Pagano (Vice President) $2,000 $0 $0
Ellen Lemasters (Director) $2,000 $0 $0
Lawrence C Sumner (Secretary) $2,000 $0 $0
Louis Helmsing (Director) $2,000 $0 $0
John Loughlin (Director) $2,000 $0 $0
Tim Dolan (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,620,606
Expenses
$15,909,102
Net Income
$4,711,504
Net Assets
$140,457,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,550
0.0%
Program Services $12,882,893
62.5%
Investment Income $1,086,869
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,501,740
7.3%
Net Fundraising $0
Sales of Assets $5,075,940
24.6%
Net Inventory Sales $0
Other Revenue $68,614
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,744,014
11.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,792,371
49.0%
Assets/Debt
Total Assets $142,450,163
Total Liabilities $1,992,179
Net Assets $140,457,984

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,341,139
Expenses
$15,378,100
Net Income
$963,039
Net Assets
$135,396,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,164
0.1%
Program Services $12,653,460
77.4%
Investment Income $837,557
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,479,015
9.1%
Net Fundraising $0
Sales of Assets $1,296,569
7.9%
Net Inventory Sales $0
Other Revenue $58,374
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,442,366
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $7,814,118
50.8%
Assets/Debt
Total Assets $137,439,709
Total Liabilities $2,043,229
Net Assets $135,396,480

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,065,911
Expenses
$14,730,862
Net Income
$4,335,049
Net Assets
$134,083,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,762
0.0%
Program Services $11,869,432
62.3%
Investment Income $729,271
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,191,312
6.2%
Net Fundraising $0
Sales of Assets $5,127,334
26.9%
Net Inventory Sales $0
Other Revenue $145,800
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,332,162
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,379,918
50.1%
Assets/Debt
Total Assets $135,812,501
Total Liabilities $1,729,060
Net Assets $134,083,441

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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