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Filing year 2023

NEW HOPE EDUCATIONAL INSTITUTE INC

Landover Hills, Maryland·EIN 52-1590136·501(c)(3)
Total revenue
$2.5M
Total assets
$1.5M
Total expenses
$2.6M
Reported officers
5
Mission

INDEPENDENT SCHOOL SERVING A DIVERSE POPULATION OF STUDENTS, WITH CLASSES FOR PRESCHOOL (PRE-K3 AND PRE-K4), LOWER SCHOOL (KINDERGARTEN TO 7TH GRADE), AND COLLEGE-PREPARATORY UPPER SCHOOL (8TH TO 12TH GRADE). SEVIS- APPROVED TO ACCEPT INTERNATIONAL STUDENTS ON F-1 VISAS. WE EXTEND OUR EDUCATIONAL MISSION BY SPONSORING SCHOOLS AND STUDENTS IN GAMBIA, AFRICA, AND BY OPENING OUR EXTRA-CURRICULAR PERFORMING ARTS AND SPORTS PROGRAMS TO THE LOCAL COMMUNITY.

Executive compensation

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/pr
25th percentile to median
$73k
$80k
Board Member
75th to 90th percentile
$54k
$60k
Board Member
Median to 75th percentile
$49k
$54k
Board Member
Median to 75th percentile
$48k
$52k
Board Member
Median to 75th percentile
$43k
$47k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2022

From $73k in 2022 to $73k in 2023.

$73k
2022
$73k
2023
In today's dollarsEst.
Down 3% in real terms$82k to $80k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue rose 4%.

$73k in 2022 to $73k in 2023.
  • Board Member pay rose 1% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW HOPE EDUCATIONAL INSTITUTE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$2.4M
2022
$2.5M
$2.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW HOPE EDUCATIONAL INSTITUTE INC

What does the Chief Executive Officer of NEW HOPE EDUCATIONAL INSTITUTE INC earn?

In 2023, the Chief Executive Officer of NEW HOPE EDUCATIONAL INSTITUTE INC received $73,221 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEW HOPE EDUCATIONAL INSTITUTE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at NEW HOPE EDUCATIONAL INSTITUTE INC falls between the 25th percentile and the median.

What are NEW HOPE EDUCATIONAL INSTITUTE INC's revenue and expenses?

In 2023, NEW HOPE EDUCATIONAL INSTITUTE INC reported $2.5M in total revenue and $2.6M in total expenses on its IRS Form 990.

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