Totals
- Total revenue
- $669,038
- Total expenses
- $760,385
- Contributions and grants received
- $615,799
- Grants paid
- $1,003
- Program service revenue
- $0
- Investment income
- $2,828
- Other revenue
- $50,411
- Total assets, end of year
- $314,285
- Total liabilities, end of year
- $129,874
- Net assets or fund balances, end of year
- $184,411
- Program services expenses (Part IX)
- $606,124
- Management and general expenses
- $68,083
- Fundraising expenses
- $86,178
- Program service expenses (Part III)
- $606,124
Program services were 79.7% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$615,799
-
1g · Noncash contributions included above
$15,648
-
3 · Investment income
total $2,828 · related or exempt $0 · unrelated business $0 · excluded $2,828
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$55,492
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$5,931
-
8c · Net income from fundraising events
total $49,561 · unrelated business $0 · excluded $49,561
-
11a · Other revenue: Credit card rewards
total $850 · related or exempt $0 · unrelated business $0 · excluded $850
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$850
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,003 · program services $1,003
-
2 · Grants to domestic individuals
total $0
-
5 · Compensation of officers, directors and key employees
total $114,699 · program services $49,321 · management and general $45,879 · fundraising $19,499
-
7 · Other salaries and wages
total $120,478 · program services $94,441 · management and general $2,533 · fundraising $23,504
-
8 · Pension plan contributions
total $2,675 · program services $2,350 · management and general $15 · fundraising $310
-
9 · Other employee benefits
total $4,623 · program services $2,255 · management and general $1,413 · fundraising $955
-
10 · Payroll taxes
total $17,937 · program services $9,594 · management and general $3,765 · fundraising $4,578
-
11b · Fees: legal
total $11,568 · program services $8,213 · management and general $1,451 · fundraising $1,904
-
11c · Fees: accounting
total $15,451 · program services $15,194 · management and general $180 · fundraising $77
-
11g · Fees: other
total $40,148 · program services $40,148 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $106,741 · program services $81,262 · management and general $0 · fundraising $25,479
-
13 · Office expenses
total $9,643 · program services $3,938 · management and general $3,185 · fundraising $2,520
-
14 · Information technology
total $8,492 · program services $4,544 · management and general $1,295 · fundraising $2,653
-
16 · Occupancy
total $143 · program services $90 · management and general $23 · fundraising $30
-
17 · Travel
total $1,075 · program services $731 · management and general $149 · fundraising $195
-
20 · Interest
total $4,261 · program services $2,684 · management and general $682 · fundraising $895
-
22 · Depreciation, depletion and amortization
total $1,582 · program services $997 · management and general $253 · fundraising $332
-
23 · Insurance
total $10,003 · program services $3,449 · management and general $5,145 · fundraising $1,409
-
24a · Other expenses: Program assistance
total $227,185 · program services $227,185 · management and general $0 · fundraising $0
-
24b · Other expenses: Counseling
total $52,655 · program services $52,655 · management and general $0 · fundraising $0
-
24c · Other expenses: Professional development
total $515 · program services $250 · management and general $119 · fundraising $146
-
24d · Other expenses: Bank and payment processing fees
total $5,656 · program services $3,713 · management and general $840 · fundraising $1,103
-
24e · All other expenses
total $3,852 · program services $2,107 · management and general $1,156 · fundraising $589
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $190,335 · end of year $226,727
-
2 · Savings and temporary cash investments
beginning of year $10,000 · end of year $49,716
-
3 · Pledges and grants receivable
beginning of year $197,904 · end of year $10,000
-
9 · Prepaid expenses and deferred charges
beginning of year $3,068 · end of year $10,500
-
10a · Land, buildings and equipment: cost or other basis
$9,500
-
10b · Land, buildings and equipment: accumulated depreciation
$3,167
-
10c · Land, buildings and equipment, net
beginning of year $7,917 · end of year $6,333
-
15 · Other assets
beginning of year $0 · end of year $11,009
-
17 · Accounts payable and accrued expenses
beginning of year $10,917 · end of year $10,688
-
24 · Unsecured notes and loans payable
beginning of year $122,616 · end of year $119,186
-
27 · Net assets without donor restrictions
beginning of year $213,153 · end of year $55,604
-
28 · Net assets with donor restrictions
beginning of year $62,538 · end of year $128,807
Mission and programs · 2025
Mission
HOPE, Inc. (a 501(c)(3) tax-exempt organization) offers comprehensive services that support low-income single parents pursuing a college degree. HOPE's mission is to serve single parents working to obtain an associate or bachelor's degree by providing housing assistance, childcare support, social services, and financial empowerment.
-
Year to date, H.O.P.E., Inc. has assisted 163 single parents and over 300 children by the end of 2025, while also achieving a significant milestone of over 100 total college graduates served through our program. | Current Participants - In 2025, we served 47 single parents and 76 children, with an average family size of two children. Approximately 60% of participants were first-generation college students. Of those enrolled, 37% were pursuing associate degrees and 63% were pursuing bachelor's degrees. Participants experienced measurable financial progress during the program year, including: * Average income increase of $1,593 (5%) * Average savings increase of $266 (214%) * Average credit score increase of 29 points (5%) * 21% of participants owned their own homes. | Graduates - Our graduate survey achieved an 84% response rate. Outcomes demonstrate strong long-term success: * 100% of graduates are employed in their chosen career field and earning above a living wage * 53% are first-generation college graduates, breaking cycles of intergenerational poverty * 84% reported a significant increase in annual income, averaging an increase of $44,885 * 17% earn between $40,000-$50,000 annually, while 67% earn above $50,000 Financial stability continues to improve post-graduation: * 92% of graduates now have savings accounts, compared to 36% at program entry * Average savings balances increased to $5,601, representing a 932% increase * Average credit scores improved from 592 to 651, reflecting a 29-point increase. These outcomes demonstrate H.O.P.E., Inc.'s ability to not only support academic achievement but also drive long-term economic mobility, financial stability, and generational impact for single-parent families.
Expenses $606,124 · Grants $1,003
As filed on the 2025 return.
Listed in Part VII
-
Kenita Smith
President/CEO
- Total calculated
- $114,699
- From this org
- $114,699
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Steve Dowdley
Board Chair
- Total calculated
- $0
- Hours/week
- 0
-
Lisa White
Board Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Wassia Kamon
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Ann Leal
Member at large
- Total calculated
- $0
- Hours/week
- 0
-
Cynthia Hayes
Member at large
- Total calculated
- $0
- Hours/week
- 0
-
Asher Jones
Member at large (served through Sept. 2025)
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 24 June 2026
- IRS schema version
- 2025v4.0
- Source object
- 202621769349300042
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