2024-05-13T09:59:33-05:00 2023-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-07-01 862828908 HOPE CHICAGO INC HOPE 3124773710 303 E WACKER DR 360 CHICAGO IL 60601 JANICE K JACKSON ED D CHIEF EXECUTIVE OFFICER 3124773710 2024-05-13 1 JANICE JACKSON ED D 999009999 0 FREDERICK E DAVIS JR P00446023 2127094500 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANICE K JACKSON ED D 303 E WACKER DR 360 CHICAGO IL 60601 10716166 0 X WWW.HOPECHICAGO.ORG X 2021 IL ELIMINATE BARRIERS TO EDUCATIONAL & ECONOMIC EQUITY THROUGH ACCESS TO DEBT-FREE COLLEGE 16 16 26 182 0 0 25597442 10716166 0 0 0 0 0 0 25597442 10716166 51501 7182645 0 0 1139924 3236855 0 0 1205816 2555922 1614030 3747347 12033530 21850095 -1317364 32142541 31322044 167089 660484 31975452 30661560 X HOPE CHICAGO'S MISSION IS TO ELIMINATE BARRIERS TO EDUCATIONAL AND ECONOMIC EQUITY BY PROVIDING ACCESS TO DEBT-FREE POSTSECONDARY EDUCATION TO TENS OF THOUSANDS OF CHICAGO PUBLIC SCHOOL STUDENTS AND THEIR PARENTS, AS WELL AS THE SUPPORT TO COMPLETE THOSE POSTSECONDARY PATHWAYS. 0 0 9693620 7182645 0 HOPE CHICAGO INC. PROVIDES SCHOLARSHIPS, PARTICIPATION IN COLLEGE PREPARATORY ACTIVITIES, ASSISTANCE WITH FINANCIAL AID APPLICATIONS AND NAVIGATING THE COLLEGE EXPERIENCE, INCLUDING VOCATIONAL EDUCATION PROGRAMS. 9693620 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 IL X JASON CHARET 3124773174 303 E WACKER DR SUITE 360 CHICAGO IL 60601 PETE KADENS BOARD CHAIR 10.00 X X 0 0 0 TED KOENIG BOARD CHAIR 5.00 X X 0 0 0 JULIE HOFFMANN SECRETARY 5.00 X X 0 0 0 JOYCE JOHNSON-MILLER TREASURER 5.00 X X 0 0 0 CONSTANCE JONES VICE CHAIR 5.00 X X 0 0 0 DORRI MCWHORTER DIRECTOR 5.00 X 0 0 0 JULIAN POSADA DIRECTOR 5.00 X 0 0 0 JONATHAN REINSDORF DIRECTOR 5.00 X 0 0 0 ERIC A REEVES DIRECTOR 5.00 X 0 0 0 VON WASHINGTON DIRECTOR 5.00 X 0 0 0 JOHN JONES DIRECTOR 5.00 X 0 0 0 ADOLFO HERNANDEZ DIRECTOR 5.00 X 0 0 0 LYNN JERATH DIRECTOR 5.00 X 0 0 0 SCOTT KAPP DIRECTOR 5.00 X 0 0 0 MELVIN RODRIGUEZ DIRECTOR 5.00 X 0 0 0 LEE ROSENBERG DIRECTOR 5.00 X 0 0 0 EILEEN BUCKLEY DIRECTOR 5.00 X 0 0 0 MAX DEZARA DIRECTOR 5.00 X 0 0 0 AARON FRIEDMAN DIRECTOR 5.00 X 0 0 0 ROBERT JONES DIRECTOR 5.00 X 0 0 0 STEPHANIE MORIMOTO DIRECTOR 5.00 X 0 0 0 YOLANDA WHITE DIRECTOR 5.00 X 0 0 0 JON SKINNER DIRECTOR 5.00 X 0 0 0 MATTHEW LYONS CFO 45.00 X 244400 0 0 MICHELE HOWARD CHIEF PROGRAM OFFICER 45.00 X 169650 0 0 JANICE K JACKSON ED D CEO 50.00 X 494750 0 0 CAMERON HARDAMON CHIEF IMPACT OFFICER 45.00 X 141750 0 0 NICOLE TURNER DIRECTOR OF ADMINISTRATION 45.00 X 117000 0 0 COLLIN SEAMAN COMMUNICATIONS DIRECTOR 45.00 X 114092 0 0 1281642 0 0 6 0 1 0 0 10716166 10716166 10716166 0 0 0 7182645 7182645 1468922 639689 349021 480212 1170455 671800 232415 266240 43471 21735 9564 12172 285471 142735 62804 79932 268536 134268 59078 75190 14900 14900 15125 15125 66296 66296 13441 13441 462413 425039 37374 583394 286618 147760 149016 69225 7951 13372 47902 167958 51887 82168 33903 102154 45113 27564 29477 36736 21575 13377 1784 5338 2358 1440 1540 30232 15022 6660 8550 BAD DEBTS EXPENSE 24455 24455 DUES AND SUBSCRIPTIONS 9333 730 7003 1600 BANK SERVICE CHARGES 4597 583 4014 8433 5100 2490 843 12033530 9693620 1134094 1205816 12157406 5590341 19919671 25211417 25964 225304 16106 5338 16106 10768 14609 254923 8785 29291 32142541 31322044 167089 660484 167089 660484 X 10927229 11549254 21048223 19112306 31975452 30661560 32142541 31322044 -1317364 3473 0 X 1 X 1 X 1 0 X 10363221 25597442 10716166 46676829 10363221 25597442 10716166 46676829 46676829 46676829 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16106 5338 10768 10768 X 10719639 3473 3473 10716166 0 10716166 12033531 0 12033531 0 12033531 PART X, LINE 2: U.S. GAAP DEFINES HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FINANCIAL STATEMENTS. IT REQUIRES ENTITIES TO RECOGNIZE A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION IS SUSTAINABLE, BASED SOLELY ON ITS TECHNICAL MERITS AND CONSIDERATION OF THE RELEVANT TAXING AUTHORITY'S WIDELY UNDERSTOOD ADMINISTRATIVE PRACTICES AND PRECEDENTS. HOPE HAS EVALUATED ITS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED BY THE APPLICABLE TAXING AUTHORITY AND HAS DETERMINED THAT IT CURRENTLY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. 1 SCHOLARSHIPS 720 7182645 PART I, LINE 2: THE GRANT DISBURSEMENTS ARE ROUTINELY REVIEWED TO DETERMINE THAT THE SPENDING MEETS WITH THE CATEGORIES AS OUTLINED IN THE GRANT AGREEMENTS THAT ARE SIGNED BY STUDENTS. ANY IRREGULARITIES THAT OCCUR ARE REVIEWED IMMEDIATELY WITH THE RECIPIENTS AND NECESSARY CORRECTIVE ACTIONS ARE TAKEN. 0 0 0 0 0 0 0 0 0 JANICE K JACKSON ED D CEO 375000 0 0 0 119750 0 0 0 0 0 494750 0 0 0 MATTHEW LYONS CFO 235000 0 0 0 9400 0 0 0 0 0 244400 0 0 0 MICHELE HOWARD CHIEF PROGRAM OFFICER 169650 0 0 0 0 0 0 0 0 0 169650 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO WORKED WITH THE TAX PREPARER AND PROVIDED A COPY FOR REVIEW AND FEEDBACK TO THE FINANCE & AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS WAS PROVIDED A COPY PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SHALL AT ALL TIMES HAVE A CURRENT CONFLICT AND DISCLOSURE POLICY THAT COMPLIES WITH (I) THE DISCLOSURE, APPROVAL AND OTHER REQUIREMENTS OF THE ACT APPLYING TO CONFLICTING INTEREST TRANSACTIONS AND (II) THE INTERNAL REVENUE SERVICE GUIDELINES FOR CONFLICTS OF INTEREST POLICIES APPLICABLE TO NONPROFIT CORPORATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE. FORM 990, PART VI, SECTION B, LINE 15A THE CEO HAS BEEN COMPENSATED WITH A BASE SALARY AND PERFORMANCE BONUS. ANY BONUS GENERALLY INVOLVES A COMBINATION OF PERSONAL PERFORMANCE AND ORGANIZATION PERFORMANCE. THE TOTAL AMOUNT OF ANY COMPENSATION PAID, INCLUDING BONUS, ARE SUBJECT TO EXCESSIVE COMPENSATION SALARY SURVEYS AND REVIEW INCLUDING COMPENSATION ARRANGEMENTS BASED ON INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS ALSO AVAILABLE AT "GUIDESTAR.ORG AND "IRS.ORG/CHARITIES-NON-PROFITS/TAX-EXEMPT-ORGANIZATION-SEARCH"