2022-11-15T09:40:32-06:00 2021-12-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2021-01-01 473874040 Hope Center Foundation HOPE 7733712345 10909 S Cottage Grove Avenue Chicago IL 60628 Shenita Muse Executive Director 7733712345 2022-11-15 1 Shenita Muse 999009999 Sara Tibbott P01486965 5055022746 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z James T Meeks 10909 S Cottage Grove Avenue Chicago IL 60628 527466 0 X www.hopecenterchicago.org X 2015 IL Helping Chicago residents to transition out of poverty to living wage & into generational wealth 7 7 0 35 0 0 205971 517726 0 0 0 0 9 9740 205980 527466 29948 58263 0 0 0 0 30524 30950 76719 120853 330898 181325 420111 24655 107355 32679 228453 9755 65674 22924 162779 X The organization works to address the root causes contributing to poverty and violence in the community through imaginative, solution-focused programs that provide support in the areas of home ownership, financial literacy, workforce development, youth mentorship, and entrepreneurship. 1 0 247003 51456 9740 R.E.A.D.Y. (Recruit, Employ, Advance & Develop Youth) - To Work is a twenty-week job readiness program designed for low-income youth ages 16-24. The goal of the R.E.A.D.Y. To Work program is to provide exposure and to prepare participants for the workforce by providing career training. Using creative methods, the Hope Center Foundation will recruit, employ, and develop youth by guiding them to become better citizens through active involvement in the workforce. 6807 6807 Food give-a-way which supported 5,500 people. 253810 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Mary McNeal 7733712345 10909 S Cottage Grove Avenue Chicago IL 60628 X James T Meeks President/Chairman of the Board 2.00 X X 0 0 0 Cheryle Jackson Vice President 2.00 X X 0 0 0 Darryl Farrow Secretary 2.00 X X 0 0 0 David Doig Treasurer 2.00 X X 0 0 0 Otis Wright Board Member 2.00 X 0 0 0 Jamell Meeks Board Member 2.00 X 0 0 0 Henry D McGhee Jr Board Member 2.00 X 0 0 0 Shenita Muse Executive Director 40.00 X 0 0 0 0 0 0 0 0 0 0 Salem Baptist Church of Chicago 10909 S Cottage Grove Ave Chicago IL 60628 Management services 185517 1 50000 467726 517726 9740 9740 9740 527466 9740 0 0 X 58263 58263 185517 103550 47222 34745 17279 13917 3362 30950 30950 91381 61888 18469 11024 25043 14716 10327 9249 1271 7978 30 30 518 518 Dues & subscriptions 1414 1414 467 205 262 420111 253810 89582 76719 30260 93409 133143 2592 691 2419 1901 32679 228453 59716 9755 5958 9755 65674 X 22924 162779 22924 162779 32679 228453 107355 32500 0 X 0 1 X 1 0 X 205971 517726 723697 205971 517726 723697 90662 633035 9 9740 9749 733446 0.86310 1.00000 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Income - 2020 Amount: $ 9. 2021 Amount: $ 9,740. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2592 691 1901 1901 527466 0 527466 0 527466 420111 0 420111 0 420111 X X 1 Lauren Wesley 2620 W 15th Street Chicago IL 60608 Grant writing 0 470233 30950 439283 470233 30950 439283 IL 1 Food and meals 5500 6807 FMV Food Participant Stipends 70 51456 Part I, Line 2: R.E.A.D.Y. to Work stipends are given out to individuals who fall within the program age brackets and complete the program registration. The participants receive the stipends bi-weekly for the duration of their participation in the program and stipends distributed are matched against budget amounts and reconciled. The organization also received 5,500 food boxes throughout 2021 which were distributed one box per needy family on a weekly basis. Form 990, Part III, line 2 Hope Center Foundation implemented the new program R.E.A.D.Y. To Work to help young adults with job readiness. See Form 990, Part III, Line 4a for a detailed description of this program. Form 990, Part VI, Section A, line 2 James T. Meeks, President/Chairman, and Jamell Meeks, Board Member, have a family relationship. Form 990, Part VI, Section A, line 3 The role of the Executive Director is filled by Shenita Muse, who is employed and compensated by Salem Baptist Church. Under a management services contract with Salem Baptist Church, Hope Center Foundation paid $111,655 to Salem Baptist Church to cover the Executive Director's salary, benefits and payroll taxes for services provided to the organization. Form 990, Part VI, Section A, line 7a One of the Directors of Hope Center Foundation shall be appointed by the Board of Directors of Salem Baptist Church. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part IX, line 11g Contractor services: Program service expenses 25,949. Management and general expenses 3,311. Fundraising expenses 7,535. Total expenses 36,795. Other professional fees: Program service expenses 35,939. Management and general expenses 15,158. Fundraising expenses 3,489. Total expenses 54,586.