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HOPE CHICAGO INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
HOPE CHICAGO INC (EIN 86-2828908)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-04-17
IRS object ID
202311079349300426
Schema version
2021v4.2
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)
Return2023-04-17T12:45:05-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

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 STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

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 2109AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANICE K JACKSON ED DPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone3124773710PhoneNum
Signature2023-04-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJANICEPersonFirstNm
Person LastJACKSON ED DPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFREDERICK E DAVIS JRPreparerPersonNm
PTINP00446023PTIN
Phone2127094500PhoneNum
Preparation2023-04-17PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

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 2109AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$25,597,442GrossReceiptsAmt
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 Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers16TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,363,221PYContributionsGrantsAmt
CY Contributions Grants$25,597,442CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$10,363,221PYTotalRevenueAmt
CY Total Revenue$25,597,442CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$51,501CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,139,924CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$647,736CYTotalFundraisingExpenseAmt
PY Other Expenses$215,974PYOtherExpensesAmt
CY Other Expenses$2,555,922CYOtherExpensesAmt
PY Total Expenses$215,974PYTotalExpensesAmt
CY Total Expenses$3,747,347CYTotalExpensesAmt
PY Revenues Less Expenses$10,147,247PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$21,850,095CYRevenuesLessExpensesAmt
Total Assets BOY$10,218,505TotalAssetsBOYAmt
Total Assets EOY$32,142,541TotalAssetsEOYAmt
Total Liabilities BOY$71,258TotalLiabilitiesBOYAmt
Total Liabilities EOY$167,089TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$10,147,247NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$31,975,452NetAssetsOrFundBalancesEOYAmt
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$2,485,699ExpenseAmt
Grant$51,501GrantAmt
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$2,485,699TotalProgramServiceExpensesAmt
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 Liabilities0ReportOtherLiabilitiesInd
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 Required0ScheduleJRequiredInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee5EmployeeCnt
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
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 Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
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 Line1JASON CHARETBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3124773174PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1303 E WACKER DR SUITE 2109AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
PETE KADENS
BOARD CHAIR10.000.00Yes (X)Yes (X)$0$0$0
JULIE HOFFMANN
SECRETARY5.000.00Yes (X)Yes (X)$0$0$0
JOYCE JOHNSON-MILLER
TREASURER5.000.00Yes (X)Yes (X)$0$0$0
CONSTANCE JONES
VICE CHAIR5.000.00Yes (X)Yes (X)$0$0$0
JOHN JONES
DIRECTOR5.000.00Yes (X)$0$0$0
DORRI MCWHORTER
DIRECTOR5.000.00Yes (X)$0$0$0
JULIAN POSADA
DIRECTOR5.000.00Yes (X)$0$0$0
JONATHAN REINSDORF
DIRECTOR5.000.00Yes (X)$0$0$0
ERIC A REEVES
DIRECTOR5.000.00Yes (X)$0$0$0
VON WASHINGTON
DIRECTOR5.000.00Yes (X)$0$0$0
TED KOENIG
DIRECTOR5.000.00Yes (X)$0$0$0
ADOLFO HERNANDEZ
DIRECTOR5.000.00Yes (X)$0$0$0
LYNN JERATH
DIRECTOR5.000.00Yes (X)$0$0$0
SCOTT KAPP
DIRECTOR5.000.00Yes (X)$0$0$0
MELVIN RODRIGUEZ
DIRECTOR5.000.00Yes (X)$0$0$0
LEE ROSENBERG
DIRECTOR5.000.00Yes (X)$0$0$0
JANICE K JACKSON ED D
CEO50.000.00Yes (X)$126,923$0$9,743
FieldValueIRS element (for citing)
Total Reportable Comp From Org$126,923TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$9,743TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$25,597,442AllOtherContributionsAmt
Total Contributions$25,597,442TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$25,597,442TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,501TotalAmt
Program Services$3,501ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$48,000TotalAmt
Program Services$48,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$126,923TotalAmt
Management And General$126,923ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$819,767TotalAmt
Program Services$513,674ProgramServicesAmt
Management And General$75,101ManagementAndGeneralAmt
Fundraising$230,992FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$11,894TotalAmt
Program Services$6,454ProgramServicesAmt
Management And General$2,538ManagementAndGeneralAmt
Fundraising$2,902FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$81,262TotalAmt
Program Services$44,093ProgramServicesAmt
Management And General$17,341ManagementAndGeneralAmt
Fundraising$19,828FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$100,078TotalAmt
Program Services$54,302ProgramServicesAmt
Management And General$21,357ManagementAndGeneralAmt
Fundraising$24,419FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$148,125TotalAmt
Management And General$64,000ManagementAndGeneralAmt
Fundraising$84,125FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$4,280TotalAmt
Management And General$4,280ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$71,601TotalAmt
Management And General$71,601ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$666,506TotalAmt
Program Services$474,501ProgramServicesAmt
Management And General$115,109ManagementAndGeneralAmt
Fundraising$76,896FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$635,962TotalAmt
Program Services$466,650ProgramServicesAmt
Management And General$20,070ManagementAndGeneralAmt
Fundraising$149,242FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$34,427TotalAmt
Program Services$17,882ProgramServicesAmt
Management And General$8,086ManagementAndGeneralAmt
Fundraising$8,459FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$96,782TotalAmt
Program Services$35,078ProgramServicesAmt
Management And General$45,896ManagementAndGeneralAmt
Fundraising$15,808FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$78,469TotalAmt
Program Services$42,577ProgramServicesAmt
Management And General$16,745ManagementAndGeneralAmt
Fundraising$19,147FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,289TotalAmt
Program Services$3,311ProgramServicesAmt
Management And General$1,485ManagementAndGeneralAmt
Fundraising$1,493FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,114TotalAmt
Program Services$3,818ProgramServicesAmt
Management And General$2,579ManagementAndGeneralAmt
Fundraising$1,717FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,108TotalAmt
Program Services$1,144ProgramServicesAmt
Management And General$450ManagementAndGeneralAmt
Fundraising$514FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,272TotalAmt
Management And General$8,272ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BAD DEBTS EXPENSE$758,063$758,063$0$0
REPAIRS AND MAINTENANCE$20,477$11,111$4,370$4,996
BANK SERVICE CHARGES$7,057$0$552$6,505
DUES AND SUBSCRIPTIONS$6,553$0$6,553$0

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,837TotalAmt
Program Services$1,540ProgramServicesAmt
Management And General$604ManagementAndGeneralAmt
Fundraising$693FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,747,347TotalAmt
Program Services$2,485,699ProgramServicesAmt
Management And General$613,912ManagementAndGeneralAmt
Fundraising$647,736FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$259,284BOYAmt
EOY$12,157,406EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,959,221BOYAmt
EOY$19,919,671EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$25,964EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$18,214LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,108LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$16,106EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$14,609EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$8,785EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,218,505BOYAmt
EOY$32,142,541EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$71,258BOYAmt
EOY$167,089EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$71,258BOYAmt
EOY$167,089EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$188,026BOYAmt
EOY$10,927,229EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,959,221BOYAmt
EOY$21,048,223EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,147,247BOYAmt
EOY$31,975,452EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,218,505BOYAmt
EOY$32,142,541EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$21,850,095ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$21,890NetUnrlzdGainsLossesInvstAmt
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 Minus1 Year$10,363,221CurrentTaxYearMinus1YearAmt
Current Tax Year$25,597,442CurrentTaxYearAmt
Total$35,960,663TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$10,363,221CurrentTaxYearMinus1YearAmt
Current Tax Year$25,597,442CurrentTaxYearAmt
Total$35,960,663TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$35,960,663PublicSupportTotal170Amt
Total Support$35,960,663TotalSupportAmt
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$18,214OtherCostOrOtherBasisAmt
Depreciation$2,108DepreciationAmt
Book Value$16,106BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$16,106TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$25,637,835TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$21,890NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$62,283DonatedServicesAndUseFcltsAmt
Revenue Not Reported$40,393RevenueNotReportedAmt
Revenue Subtotal$25,597,442RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$25,597,442TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,809,630TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$62,283DonatedServicesUseFcltsAmt
Expenses Not Reported$62,283ExpensesNotReportedAmt
Expenses Subtotal$3,747,347ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,747,347TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationU.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, 2022.ExplanationTxt

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
Recipient13RecipientCnt
Cash Grant$48,000CashGrantAmt

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 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"
FORM 990, PART IX, LINE 11GDESIGN FEES: PROGRAM SERVICE EXPENSES 145,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 145,000. RECRUITING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 113,746. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,746. PROGRAM OPERATIONS FEES: PROGRAM SERVICE EXPENSES 123,831. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 37,000. TOTAL EXPENSES 160,831. PROGRAM EVALUATION FEES: PROGRAM SERVICE EXPENSES 75,698. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 13,358. TOTAL EXPENSES 89,056. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 129,972. MANAGEMENT AND GENERAL EXPENSES 1,363. FUNDRAISING EXPENSES 26,538. TOTAL EXPENSES 157,873.

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