Totals
- Total revenue
- $1,082,308
- Total expenses
- $750,179
- Contributions and grants received
- $990,126
- Grants paid
- $15,588
- Program service revenue
- $609
- Investment income
- $2,500
- Other revenue
- $89,073
- Total assets, end of year
- $577,988
- Total liabilities, end of year
- $18,357
- Net assets or fund balances, end of year
- $559,631
- Program services expenses (Part IX)
- $546,399
- Management and general expenses
- $112,802
- Fundraising expenses
- $90,978
- Program service expenses (Part III)
- $546,399
Program services were 72.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$132,556
-
1f · All other contributions, gifts and grants
$857,570
-
1g · Noncash contributions included above
$35,961
-
2a · Program service revenue: Hope Legal Services
total $609 · related or exempt $609
-
3 · Investment income
total $2,500 · excluded $2,500
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$170,909
-
8a · Fundraising events: contributions included on line 1c
$132,556
-
8b · Fundraising events: direct expenses
$87,554
-
8c · Net income from fundraising events
total $83,355
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Refunds
total $590 · related or exempt $590
-
11b · Other revenue: Reimbursement of PY Expenses
total $3,299 · related or exempt $3,299
-
11c · Other revenue: Tax Refund
total $1,829 · related or exempt $1,829
-
11e · Other revenue, total
$5,718
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $15,588 · program services $15,588
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $89,006 · program services $44,503 · management and general $22,252 · fundraising $22,251
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $209,010 · program services $175,760 · management and general $22,231 · fundraising $11,019
-
8 · Pension plan contributions
total $6,131 · management and general $6,131
-
9 · Other employee benefits
total $4,617 · management and general $4,617
-
10 · Payroll taxes
total $4,201 · program services $2,997 · management and general $752 · fundraising $452
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,718 · program services $3,718
-
11c · Fees: accounting
total $16,586 · management and general $16,586
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $26,180 · program services $3,460 · management and general $2,143 · fundraising $20,577
-
12 · Advertising and promotion
total $618 · program services $290 · fundraising $328
-
13 · Office expenses
total $34,323 · program services $7,048 · management and general $1,351 · fundraising $25,924
-
14 · Information technology
total $18,191 · program services $9,428 · management and general $1,990 · fundraising $6,773
-
15 · Royalties
total $0
-
16 · Occupancy
total $81,115 · program services $72,144 · management and general $8,971
-
17 · Travel
total $5,574 · program services $4,682 · fundraising $892
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,607 · program services $3,607
-
23 · Insurance
total $14,760 · program services $7,380 · management and general $7,380
-
24a · Other expenses: Ministry costs
total $57,151 · program services $57,151
-
24b · Other expenses: Food
total $55,800 · program services $55,800
-
24c · Other expenses: Production costs
total $32,798 · program services $32,798
-
24d · Other expenses: Operational expenses
total $18,513 · program services $17,237 · management and general $1,276
-
24e · All other expenses
total $52,692 · program services $32,808 · management and general $17,122 · fundraising $2,762
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,713 · end of year $263,621
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $114,569 · end of year $272,337
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $17,705
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$27,932
-
10b · Land, buildings and equipment: accumulated depreciation
$3,607
-
10c · Land, buildings and equipment, net
beginning of year $25,169 · end of year $24,325
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $44,027 · end of year $18,357
-
25 · Other liabilities
beginning of year $1,240
-
27 · Net assets without donor restrictions
beginning of year $215,830 · end of year $542,150
-
28 · Net assets with donor restrictions
beginning of year $16,354 · end of year $17,481
Mission and programs · 2023
Mission
The mission of The Hope Center is to help restore what is broken in our world, in our community, and in each of us.
-
Food Pantry - The Hope Center operates a food pantry where guests can expect to find a wide selection of fresh and shelf-stable items to keep their kitchens stocked, as well as herbs and veggies harvested weekly from our farm. We love to connect with pantry guests to find out how else The Hope Center can make a difference in their lives. The food pantry is open every Saturday and serves people throughout northern Illinois.
Expenses $202,747
-
Hope Farm - HOPE Farm sprouted from a simple idea: wouldn't it be wonderful if our food pantry could offer beautifully ripe, nutritious veggies and fruit? We knew the answer, so we got to work! Thanks to a committed crew of volunteers, bushels of plump tomatoes, crunchy cucumbers, leafy greens, and aromatic herbs are now being harvested weekly. Our growing, small-scale farm is built around a hydroponic greenhouse that lets us farm year-round, sunshine or snow. Outside, rows of raised beds are lush in the summer with soil-grown garden veggies and native prairie plants.
Expenses $125,505
-
Benevolence - The benevolence program assists individuals who find temporary financial hardship with basic needs such as rent or mortgage assistance, car repairs, medical needs, or other urgent living needs. Participants in the benevolence program go through a holistic intake process to assess the need and are required to participate in financial and budget training to receive assistance.
Expenses $69,121 · Grants $15,588
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Terrance Wallace
Executive Dir.
- Total calculated
- $89,006
- From this org
- $44,006
- From related orgs
- $0
- Other
- $45,000
- Hours/week
- 40
-
Jason Sfire
President
- Total calculated
- $0
- Hours/week
- 0
-
Scott DeGraeve
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Kenneth Toeller
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Gretchen Farb
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Eric Shroeder
Director
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Church · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501969349302700
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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