HOPE CHICAGO INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HOPE CHICAGO INC (EIN 86-2828908)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202501359349304055
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T09:12:57-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132781641PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MITCHELL & TITUS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 PINE STREET 32ND FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN862828908EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOPE CHICAGO INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOPEBusinessNameControlTxt
Phone3124773710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 E WACKER DR 360AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANICE K JACKSON ED DPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone3124773710PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIC HARRISONPreparerPersonNm
PTINP01916785PTIN
Phone2127094500PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJANICE K JACKSON ED DPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 E WACKER DR 360AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,252,924GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOPECHICAGO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionELIMINATE BARRIERS TO EDUCATIONAL & ECONOMIC EQUITY THROUGH ACCESS TO DEBT-FREE COLLEGEActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee36TotalEmployeeCnt
Total Volunteers216TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,716,166PYContributionsGrantsAmt
CY Contributions Grants$11,655,924CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$184,573CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$1,030,411CYOtherRevenueAmt
PY Total Revenue$10,716,166PYTotalRevenueAmt
CY Total Revenue$12,870,908CYTotalRevenueAmt
PY Grants And Similar Paid$7,182,645PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$12,055,981CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,236,855PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,180,378CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$1,579,329CYTotalFundraisingExpenseAmt
PY Other Expenses$1,614,030PYOtherExpensesAmt
CY Other Expenses$1,270,277CYOtherExpensesAmt
PY Total Expenses$12,033,530PYTotalExpensesAmt
CY Total Expenses$17,506,636CYTotalExpensesAmt
PY Revenues Less Expenses-$1,317,364PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,635,728CYRevenuesLessExpensesAmt
Total Assets BOY$31,322,044TotalAssetsBOYAmt
Total Assets EOY$28,128,105TotalAssetsEOYAmt
Total Liabilities BOY$660,484TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,766,895TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$30,661,560NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$26,361,210NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionHOPE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$14,455,510ExpenseAmt
Grant$12,055,981GrantAmt
Revenue$0RevenueAmt
DescHOPE CHICAGO INC. PROVIDES SCHOLARSHIPS, PARTICIPATION IN COLLEGE PREPARATORY ACTIVITIES, ASSISTANCE WITH FINANCIAL AID APPLICATIONS AND NAVIGATING THE COLLEGE EXPERIENCE, INCLUDING VOCATIONAL EDUCATION PROGRAMS.Desc
Total Program Service Expenses$14,455,510TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G1IRPDocumentW2GCnt
Employee36EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MATTHEW LYONSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124773174PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 E WACKER DR SUITE 360AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
PETE KADENS
BOARD CHAIR10.00Yes (X)Yes (X)$0$0$0
TED KOENIG
BOARD CHAIR5.00Yes (X)Yes (X)$0$0$0
JULIE HOFFMANN
SECRETARY5.00Yes (X)Yes (X)$0$0$0
JOYCE JOHNSON-MILLER
TREASURER5.00Yes (X)Yes (X)$0$0$0
CONSTANCE JONES
VICE CHAIR5.00Yes (X)Yes (X)$0$0$0
DORRI MCWHORTER
DIRECTOR5.00Yes (X)$0$0$0
JULIAN POSADA
DIRECTOR5.00Yes (X)$0$0$0
JONATHAN REINSDORF
DIRECTOR5.00Yes (X)$0$0$0
ERIC A REEVES
DIRECTOR5.00Yes (X)$0$0$0
VON WASHINGTON
DIRECTOR UNTIL 12/8/235.00Yes (X)$0$0$0
JOHN JONES
DIRECTOR5.00Yes (X)$0$0$0
ADOLFO HERNANDEZ
DIRECTOR5.00Yes (X)$0$0$0
LYNN JERATH
DIRECTOR5.00Yes (X)$0$0$0
SCOTT KAPP
DIRECTOR5.00Yes (X)$0$0$0
MELVIN RODRIGUEZ
DIRECTOR5.00Yes (X)$0$0$0
LEE ROSENBERG
DIRECTOR5.00Yes (X)$0$0$0
EILEEN BUCKLEY
DIRECTOR5.00Yes (X)$0$0$0
MAX DEZARA
DIRECTOR5.00Yes (X)$0$0$0
AARON FRIEDMAN
DIRECTOR5.00Yes (X)$0$0$0
ROBERT JONES
DIRECTOR5.00Yes (X)$0$0$0
STEPHANIE MORIMOTO
DIRECTOR5.00Yes (X)$0$0$0
YOLANDA WHITE
DIRECTOR5.00Yes (X)$0$0$0
JON SKINNER
DIRECTOR5.00Yes (X)$0$0$0
LESLIE ANDERSON-RUTLAND
DIRECTOR5.00Yes (X)$0$0$0
TONY EMERSON-ZETINA
DIRECTOR5.00Yes (X)$0$0$0
JONATHAN SKINNER
DIRECTOR5.00Yes (X)$0$0$0
CARDELLE SPANGLER
DIRECTOR5.00Yes (X)$0$0$0
PETER MARTINEZ
DIRECTOR5.00Yes (X)$0$0$0
JANICE K JACKSON ED D
CEO50.00Yes (X)$485,000$0$0
MATTHEW LYONS
CFO/COO45.00$238,462$0$0Yes (X)
MICHELE HOWARD
CHIEF PROGRAM OFFICER45.00$189,000$0$0Yes (X)
CAMERON HARDAMON
CHIEF IMPACT OFFICER45.00$189,000$0$0Yes (X)
JENNIFER CAROL BELL
CHIEF DEVELOPMENT OFFICER45.00$275,000$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,376,462TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$11,655,924AllOtherContributionsAmt
Total Contributions$11,655,924TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$184,573TotalRevenueColumnAmt
Exclusion$184,573ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$1,222,556FundraisingGrossIncomeAmt
Fundraising Direct Expenses$382,016FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$840,540TotalRevenueColumnAmt
Exclusion$840,540ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescBAD DEBTS COLLECTEDDesc
Total Revenue Column$189,871TotalRevenueColumnAmt
Exclusion$189,871ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$189,871OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,870,908TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,214,984ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$12,055,981TotalAmt
Program Services$12,055,981ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,387,921TotalAmt
Program Services$454,233ProgramServicesAmt
Management And General$449,020ManagementAndGeneralAmt
Fundraising$484,668FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,314,312TotalAmt
Program Services$1,361,137ProgramServicesAmt
Management And General$363,534ManagementAndGeneralAmt
Fundraising$589,641FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$69,202TotalAmt
Program Services$11,515ProgramServicesAmt
Management And General$45,628ManagementAndGeneralAmt
Fundraising$12,059FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$408,943TotalAmt
Program Services$213,952ProgramServicesAmt
Management And General$127,311ManagementAndGeneralAmt
Fundraising$67,680FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$187,391TotalAmt
Program Services$175,991ProgramServicesAmt
Management And General$11,400ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,946TotalAmt
Management And General$6,946ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$37,138TotalAmt
Management And General$37,138ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$96,203TotalAmt
Fundraising$96,203FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$157,624TotalAmt
Fundraising$157,624FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$241,474TotalAmt
Program Services$45,299ProgramServicesAmt
Management And General$185,821ManagementAndGeneralAmt
Fundraising$10,354FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$51,446TotalAmt
Program Services$14,008ProgramServicesAmt
Management And General$30,297ManagementAndGeneralAmt
Fundraising$7,141FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$143,788TotalAmt
Program Services$5,601ProgramServicesAmt
Management And General$128,409ManagementAndGeneralAmt
Fundraising$9,778FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$156,103TotalAmt
Program Services$79,612ProgramServicesAmt
Management And General$29,660ManagementAndGeneralAmt
Fundraising$46,831FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$38,146TotalAmt
Program Services$20,199ProgramServicesAmt
Management And General$16,387ManagementAndGeneralAmt
Fundraising$1,560FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,143TotalAmt
Management And General$7,143ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$30,310TotalAmt
Program Services$15,458ProgramServicesAmt
Management And General$5,759ManagementAndGeneralAmt
Fundraising$9,093FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
SPECIAL EVENT$70,512$70,512
BANK SERVICE CHARGES$28,042$15,717$12,325
DUES & SUBSCRIPTIONS$12,724$468$11,642$614

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,287TotalAmt
Program Services$1,910ProgramServicesAmt
Management And General$3,377ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$17,506,636TotalAmt
Program Services$14,455,510ProgramServicesAmt
Management And General$1,471,797ManagementAndGeneralAmt
Fundraising$1,579,329FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,590,341BOYAmt
EOY$789,380EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,211,417BOYAmt
EOY$26,029,451EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$225,304BOYAmt
EOY$113,805EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$23,762LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,143LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$10,768BOYAmt
EOY$16,619EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$254,923BOYAmt
EOY$615,227EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$29,291BOYAmt
EOY$563,623EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$31,322,044BOYAmt
EOY$28,128,105EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$660,484BOYAmt
EOY$1,316,169EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$450,726EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$660,484BOYAmt
EOY$1,766,895EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,549,254BOYAmt
EOY$5,952,790EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$19,112,306BOYAmt
EOY$20,408,420EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,661,560BOYAmt
EOY$26,361,210EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$31,322,044BOYAmt
EOY$28,128,105EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$4,635,728ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$340,541NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts-$5,163DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$10,363,221CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,597,442CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,716,166CurrentTaxYearMinus1YearAmt
Current Tax Year$11,655,924CurrentTaxYearAmt
Total$58,332,753TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$10,363,221CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,597,442CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,716,166CurrentTaxYearMinus1YearAmt
Current Tax Year$11,655,924CurrentTaxYearAmt
Total$58,332,753TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$58,332,753PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$184,573CurrentTaxYearAmt
Total$184,573TotalAmt
FieldValueIRS element (for citing)
Total Support$58,517,326TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,762OtherCostOrOtherBasisAmt
Depreciation$7,143DepreciationAmt
Book Value$16,619BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$16,619TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescRIGHT OF USE - OPERATING LIABILITY - LONG TERMDesc
Amt$450,726Amt
FieldValueIRS element (for citing)
Total Liability$450,726TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,403,596TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$340,542NetUnrealizedGainsInvstAmt
Other Revenue$382,018OtherRevenueAmt
Revenue Not Reported$722,560RevenueNotReportedAmt
Revenue Subtotal$12,681,036RevenueSubtotalAmt
Other Revenues Not Included$189,871OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$189,871RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$12,870,907TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$17,703,946TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$5,163DonatedServicesUseFcltsAmt
Other Expenses Included$382,018OtherExpensesIncludedAmt
Expenses Not Reported$387,181ExpensesNotReportedAmt
Expenses Subtotal$17,316,765ExpensesSubtotalAmt
Other Expenses Not Included$189,871OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$189,871ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$17,506,636TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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, 2024.
PART XI, LINE 2D - OTHER ADJUSTMENTS:HOPECOMING SPECIAL EVENT 382,018.
PART XI, LINE 4B - OTHER ADJUSTMENTS:BAD DEBTS 189,871.
PART XII, LINE 2D - OTHER ADJUSTMENTS:HOPECOMING SPECIAL EVENT 382,018.
PART XII, LINE 4B - OTHER ADJUSTMENTS:BAD DEBTS 189,871.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Cash Grant$12,055,981CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JANICE K JACKSON ED D
CEO$375,000$0$0$0$110,000$0$0$0$0$0$485,000$0$0$0
JENNIFER CAROL BELL
CHIEF DEVELOPMENT OFFICER$275,000$0$0$0$0$0$0$0$0$0$275,000$0$0$0
MATTHEW LYONS
CFO/COO$235,000$0$0$0$3,462$0$0$0$0$0$238,462$0$0$0
MICHELE HOWARD
CHIEF PROGRAM OFFICER$189,000$0$0$0$0$0$0$0$0$0$189,000$0$0$0
CAMERON HARDAMON
CHIEF IMPACT OFFICER$189,000$0$0$0$0$0$0$0$0$0$189,000$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHE 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 15ATHE 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 19THE 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"

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