Skip to content
Nonprofiteer
← HOPE CHICAGO INC

Form 990 for tax year 2024

Filed by HOPE CHICAGO INC.

Totals

Total revenue
$18,696,849
Total expenses
$20,294,484
Contributions and grants received
$16,785,789
Grants paid
$13,738,504
Program service revenue
$0
Investment income
$272,552
Other revenue
$1,638,508
Total assets, end of year
$27,207,026
Total liabilities, end of year
$2,164,468
Net assets or fund balances, end of year
$25,042,558
Program services expenses (Part IX)
$16,765,847
Management and general expenses
$1,294,691
Fundraising expenses
$2,233,946
Program service expenses (Part III)
$16,765,847

Program services were 82.6% 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.

  • 1e · Government grants (contributions)

    $8,000,000

  • 1f · All other contributions, gifts and grants

    $8,785,789

  • 3 · Investment income

    total $272,552 · excluded $272,552

  • 8a · Fundraising events: gross income

    $1,632,408

  • 8b · Fundraising events: direct expenses

    $510,149

  • 8c · Net income from fundraising events

    total $1,122,259 · excluded $1,122,259

  • 11a · Other revenue: BAD DEBTS COLLECTED

    total $516,249 · excluded $516,249

  • 11e · Other revenue, total

    $516,249

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,738,504 · program services $13,738,504

  • 5 · Compensation of officers, directors and key employees

    total $1,150,000 · program services $595,240 · management and general $215,280 · fundraising $339,480

  • 7 · Other salaries and wages

    total $2,461,948 · program services $1,274,304 · management and general $460,877 · fundraising $726,767

  • 8 · Pension plan contributions

    total $87,367 · program services $45,221 · management and general $16,355 · fundraising $25,791

  • 9 · Other employee benefits

    total $353,097 · program services $182,763 · management and general $66,100 · fundraising $104,234

  • 10 · Payroll taxes

    total $372,124 · program services $204,824 · management and general $64,997 · fundraising $102,303

  • 11a · Fees: management

    total $40,568 · program services $40,568

  • 11b · Fees: legal

    total $9,827 · management and general $9,827

  • 11c · Fees: accounting

    total $47,377 · management and general $47,377

  • 11d · Fees: lobbying

    total $114,467 · fundraising $114,467

  • 11g · Fees: other

    total $491,083 · program services $258,762 · management and general $178,487 · fundraising $53,834

  • 12 · Advertising and promotion

    total $133,110 · program services $75,749 · management and general $10,078 · fundraising $47,283

  • 13 · Office expenses

    total $65,788 · program services $38,742 · management and general $10,511 · fundraising $16,535

  • 14 · Information technology

    total $112,915 · program services $45,504 · management and general $51,594 · fundraising $15,817

  • 16 · Occupancy

    total $284,853 · program services $180,324 · management and general $41,849 · fundraising $62,680

  • 17 · Travel

    total $50,230 · program services $27,783 · management and general $11,977 · fundraising $10,470

  • 22 · Depreciation, depletion and amortization

    total $7,716 · management and general $7,716

  • 23 · Insurance

    total $36,698 · management and general $36,698

  • 24a · Other expenses: SPECIAL EVENT

    total $594,278 · fundraising $594,278

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $70,165 · program services $43,460 · management and general $11,598 · fundraising $15,107

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $49,608 · management and general $49,608

  • 24e · All other expenses

    total $22,761 · program services $14,099 · management and general $3,762 · fundraising $4,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $789,380 · end of year $5,744,624

  • 3 · Pledges and grants receivable

    beginning of year $26,029,451 · end of year $20,490,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,805 · end of year $168,074

  • 10a · Land, buildings and equipment: cost or other basis

    $15,813

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,910

  • 10c · Land, buildings and equipment, net

    beginning of year $16,619 · end of year $8,903

  • 11 · Investments: publicly traded securities

    beginning of year $615,227 · end of year $336,413

  • 15 · Other assets

    beginning of year $563,623 · end of year $458,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,316,169 · end of year $1,829,166

  • 25 · Other liabilities

    beginning of year $450,726 · end of year $335,302

  • 27 · Net assets without donor restrictions

    beginning of year $5,952,790 · end of year $14,061,264

  • 28 · Net assets with donor restrictions

    beginning of year $20,408,420 · end of year $10,981,294

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

ELIMINATE BARRIERS TO EDUCATIONAL & ECONOMIC EQUITY THROUGH ACCESS TO DEBT-FREE COLLEGE

  • HOPE CHICAGO INC. PROVIDES SCHOLARSHIPS, PARTICIPATION IN COLLEGE PREPARATORY ACTIVITIES, ASSISTANCE WITH FINANCIAL AID APPLICATIONS AND NAVIGATING THE COLLEGE EXPERIENCE, INCLUDING VOCATIONAL EDUCATION PROGRAMS.

    Expenses $16,765,847 · Grants $13,738,504

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAMERON HARDAMON

    CHIEF IMPACT OFFICER

    Total calculated
    $199,000
    From this org
    $199,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,000

  • PETE KADENS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • TED KOENIG

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • JULIE HOFFMANN

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • JOYCE JOHNSON-MILLER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • CONSTANCE JONES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • DORRI MCWHORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JULIAN POSADA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JONATHAN REINSDORF

    DIRECTOR UNTIL 6/30/24

    Total calculated
    $0
    Hours/week
    5

  • ERIC A REEVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOHN JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ADOLFO HERNANDEZ

    DIRECTOR UNTIL 6/30/24

    Total calculated
    $0
    Hours/week
    5

  • LYNN JERATH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SCOTT KAPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MELVIN RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • LEE ROSENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • EILEEN BUCKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MAX DEZARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • AARON FRIEDMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • STEPHANIE MORIMOTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • YOLANDA WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • LESLIE ANDERSON-RUTLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TONY EMERSON-ZETINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JONATHAN SKINNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CARDELLE SPANGLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • PETER MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MARTY OZINGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CARLIN ADRIANOPLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SHERRY ETTLESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL GONDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JANICE K JACKSON ED D

    CEO

    Total calculated
    $480,000
    From this org
    $480,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $375,000
    Bonus
    $0
    Other
    $105,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $480,000

  • MATTHEW LYONS

    CFO/COO

    Total calculated
    $275,000
    From this org
    $275,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $275,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $275,000

  • MICHELE HOWARD

    CHIEF PROGRAM OFFICER

    Total calculated
    $196,000
    From this org
    $196,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $196,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $196,000

  • JENNIFER CAROL BELL

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $285,000
    From this org
    $285,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $285,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $285,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 February 2026
IRS schema version
2024v5.5
Source object
202640519349301814

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.