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Nonprofit · EIN 06-1629432

HOPE ACADEMY OF MILFORD INC

Tax-exempt · ORANGE, CT 06477

Financials

$7.1M$7.1M2023$6.6M$7M2024
Revenue Expenses · by fiscal year end
Financials of HOPE ACADEMY OF MILFORD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,641,070$7,045,555-$404,485$2,611,060$94,246$2,516,814
December 31, 2023990$7,077,353$7,130,955-$53,602$2,937,607$16,308$2,921,299
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,630,653
Investment income
$10,331
Other revenue
$86

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$731,266
Other salaries and wages
$3,510,694
Salaries, compensation and benefits (total)
$5,009,078
Professional fundraising fees
$0
Occupancy
$1,005,131
Travel
$39,322
Depreciation
$118,350
Program services (functional)
$5,912,776
Management and general (functional)
$1,132,779

Balance sheet and other

Total assets, start of year
$2,937,607
Total assets, end of year
$2,611,060
Total liabilities, end of year
$94,246
Net assets, end of year
$2,516,814
Land, buildings and equipment
$1,202,369
Gross receipts
$6,641,070
Employees
58
Volunteers
2
Year formed
2001
State of legal domicile
CT

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LAURA CARROLLPRESIDENT
Trustee or director, Officer, Key employee
50$644,963
BONNIE ORTIZSECRETARY
Trustee or director, Officer, Key employee
40$86,303
FRANCIS WOYTOWICHSECRETARY
Trustee or director
4$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
LAURA CARROLLPRESIDENT
Trustee or director, Officer, Key employee
50$624,881
BONNIE ORTIZSECRETARY
Trustee or director, Officer, Key employee
40$82,757
FRANCIS WOYTOWICHSECRETARY
Trustee or director
4$0

Address and contacts

Address (IRS master file)
89 MARSH HILL RD, ORANGE, CT 06477-3613
In care of
% LAURA CARROLL
Principal officer (990 for 2024)
LAURA CARROLL, WILDROSE RD, ORANGE, CT 06483
Signed the 990
LAURA CARROLL, PRESIDENT
Phone
(203) 799-6000
Return prepared by
ANTHONY W ANNUNZIATA CPA

Mission

SEE STATEMENT

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATION SERVICES TO APPROXIMATELY 75 STUDENTS WHO ARE UNABLE TO ATTEND STANDARD PUBLIC SCHOOLS.
    Expenses $5,912,776 · revenue $6,641,070

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
06-1629432
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B28)
Assets (IRS master file)
$2,611,060
Income (IRS master file)
$6,641,070

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,641,070$7,045,555$2,611,060XML
990December 2023$7,077,353$7,130,955$2,937,607XML
990December 2022$5,834,624$6,490,044$3,003,846IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 06-1629432).

Questions about HOPE ACADEMY OF MILFORD INC

What is the EIN of HOPE ACADEMY OF MILFORD INC?
The employer identification number (EIN) of HOPE ACADEMY OF MILFORD INC is 06-1629432.
Is HOPE ACADEMY OF MILFORD INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to HOPE ACADEMY OF MILFORD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOPE ACADEMY OF MILFORD 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 ACADEMY OF MILFORD INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HOPE ACADEMY OF MILFORD INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HOPE ACADEMY OF MILFORD INC?
The 990 for the year ended December 31, 2024 names LAURA CARROLL.
Who are the officers and directors of HOPE ACADEMY OF MILFORD INC?
The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $644,963 (LAURA CARROLL, PRESIDENT).
How much revenue does HOPE ACADEMY OF MILFORD INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,641,070, expenses of $7,045,555 and total assets of $2,611,060 at year end.

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