2023-04-17T12:45:05-05:00 2022-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2021-07-01 862828908 HOPE CHICAGO INC HOPE 3124773710 303 E WACKER DR 2109 CHICAGO IL 60601 JANICE K JACKSON ED D CHIEF EXECUTIVE OFFICER 3124773710 2023-04-17 1 JANICE JACKSON ED D 999009999 FREDERICK E DAVIS JR P00446023 2127094500 2023-04-17 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JANICE K JACKSON ED D 303 E WACKER DR 2109 CHICAGO IL 60601 25597442 0 X WWW.HOPECHICAGO.ORG X 2021 IL ELIMINATE BARRIERS TO EDUCATIONAL & ECONOMIC EQUITY THROUGH ACCESS TO DEBT-FREE COLLEGE 16 16 5 16 0 0 10363221 25597442 0 0 0 0 0 0 10363221 25597442 0 51501 0 0 0 1139924 0 0 647736 215974 2555922 215974 3747347 10147247 21850095 10218505 32142541 71258 167089 10147247 31975452 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 2485699 51501 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. 2485699 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 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 2109 CHICAGO IL 60601 PETE KADENS BOARD CHAIR 10.00 0.00 X X 0 0 0 JULIE HOFFMANN SECRETARY 5.00 0.00 X X 0 0 0 JOYCE JOHNSON-MILLER TREASURER 5.00 0.00 X X 0 0 0 CONSTANCE JONES VICE CHAIR 5.00 0.00 X X 0 0 0 JOHN JONES DIRECTOR 5.00 0.00 X 0 0 0 DORRI MCWHORTER DIRECTOR 5.00 0.00 X 0 0 0 JULIAN POSADA DIRECTOR 5.00 0.00 X 0 0 0 JONATHAN REINSDORF DIRECTOR 5.00 0.00 X 0 0 0 ERIC A REEVES DIRECTOR 5.00 0.00 X 0 0 0 VON WASHINGTON DIRECTOR 5.00 0.00 X 0 0 0 TED KOENIG DIRECTOR 5.00 0.00 X 0 0 0 ADOLFO HERNANDEZ DIRECTOR 5.00 0.00 X 0 0 0 LYNN JERATH DIRECTOR 5.00 0.00 X 0 0 0 SCOTT KAPP DIRECTOR 5.00 0.00 X 0 0 0 MELVIN RODRIGUEZ DIRECTOR 5.00 0.00 X 0 0 0 LEE ROSENBERG DIRECTOR 5.00 0.00 X 0 0 0 JANICE K JACKSON ED D CEO 50.00 0.00 X 126923 0 9743 126923 0 9743 1 0 0 0 0 25597442 25597442 25597442 0 0 0 X 3501 3501 48000 48000 126923 126923 819767 513674 75101 230992 11894 6454 2538 2902 81262 44093 17341 19828 100078 54302 21357 24419 148125 64000 84125 4280 4280 71601 71601 666506 474501 115109 76896 635962 466650 20070 149242 34427 17882 8086 8459 96782 35078 45896 15808 78469 42577 16745 19147 6289 3311 1485 1493 8114 3818 2579 1717 2108 1144 450 514 8272 8272 BAD DEBTS EXPENSE 758063 758063 0 0 REPAIRS AND MAINTENANCE 20477 11111 4370 4996 BANK SERVICE CHARGES 7057 0 552 6505 DUES AND SUBSCRIPTIONS 6553 0 6553 0 2837 1540 604 693 3747347 2485699 613912 647736 259284 12157406 9959221 19919671 0 25964 18214 2108 0 16106 0 14609 0 8785 10218505 32142541 71258 167089 71258 167089 X 188026 10927229 9959221 21048223 10147247 31975452 10218505 32142541 21850095 -21890 0 X 1 X 1 X 1 0 X 10363221 25597442 35960663 10363221 25597442 35960663 35960663 35960663 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18214 2108 16106 16106 X 25637835 -21890 62283 40393 25597442 0 25597442 3809630 62283 62283 3747347 0 3747347 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, 2022. 1 SCHOLARSHIPS 13 48000 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. 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" FORM 990, PART IX, LINE 11G DESIGN 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.