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Nonprofiteer
← HYPERTHERM HOPE FOUNDATION INC

Form 990 for tax year 2022

Filed by HYPERTHERM HOPE FOUNDATION INC.

Totals

Total revenue
$426,830
Total expenses
$374,277
Contributions and grants received
$425,166
Grants paid
$374,145
Program service revenue
$0
Investment income
$1,664
Other revenue
$0
Total assets, end of year
$343,884
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$343,884
Program services expenses (Part IX)
$374,145
Management and general expenses
$30
Fundraising expenses
$102
Program service expenses (Part III)
$374,145

Program services were 100.0% 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.

  • 1d · Related organizations

    $287,800

  • 1f · All other contributions, gifts and grants

    $137,366

  • 3 · Investment income

    total $1,664 · excluded $1,664

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $374,145 · program services $374,145

  • 24a · Other expenses: OTHER

    total $132 · management and general $30 · fundraising $102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,458 · end of year -$2,013

  • 2 · Savings and temporary cash investments

    beginning of year $216,398 · end of year $262,884

  • 11 · Investments: publicly traded securities

    beginning of year $85,117 · end of year $83,013

  • 18 · Grants payable

    beginning of year $164,539

  • 27 · Net assets without donor restrictions

    beginning of year $153,015 · end of year $204,127

  • 28 · Net assets with donor restrictions

    beginning of year $140,419 · end of year $139,757

Mission and programs · 2022

Mission

TO PARTNER WITH NON-PROFIT ORGANIZATIONS AND ENGAGE IN ACTIVITIES THAT STRENGTHEN AND CREATE SUSTAINABLE, POSITIVE CHANGE IN THE COMMUNITY AND ENVIRONMENT.

  • THIS FISCAL YEAR, THE HOPE FOUNDATION PARTNERED WITH 113 NONPROFIT ORGANIZATIONS TO STRENGTHEN AND CREATE SUSTAINABLE, POSITIVE CHANGE IN THE COMMUNITY AND ENVIRONMENT. GRANT INVESTMENTS FALL WITHIN A SET OF CORE IMPACT AREAS THAT ALIGN THE GREATEST NEEDS IN THE COMMUNITY. THE IDENTIFIED IMPACT AREAS ARE: EDUCATION, EARLY CHILDHOOD DEVELOPMENT, HEALTH AND WELLNESS, FOOD AND SHELTER, ENVIRONMENT AND TRANSPORTATION, UNITED WAY MATCH, AND DISASTER RELIEF.THE ORGANIZATION CREATED A SPECIAL FOCUS WITHIN OUR EDUCATION IMPACT AREA WITH THE GOAL TO EXPOSE, EXCITE, AND ENGAGE YOUTH TO THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) FIELDS. THIS IS AN AREA THAT POSES A SIGNIFICANT OPPORTUNITY IN OUR REGION.GREEN GRANTS FROM THE HOPE FOUNDATION ARE AVAILABLE TO SUPPORT OUR NONPROFIT PARTNER ORGANIZATIONS IN AN AREA THAT IS LIKELY SECONDARY TO THEIR MISSION. WE SEEK TO SUPPORT PROJECTS THAT REDUCE THE ENVIRONMENTAL IMPACTS OF LOCAL NONPROFITS. GREEN GRANTS WILL FUND PROJECTS THAT TANGIBLY REDUCE THE CARBON EMISSIONS OF OUR PARTNERS.STEM GRANT EXAMPLES:WE WERE ABLE TO INITIATE A MULTI-YEAR GRANT TO FUND THE SCHOOL PARTNERSHIP PROGRAM FROM THE MONTSHIRE MUSEUM OF SCIENCE. THE PROGRAM IS DEDICATED TO ENRICHING AND CONNECTING ELEMENTARY SCHOOL TEACHERS IN RURAL SCHOOL DISTRICTS TO IMPROVE INQUIRY BASED LEARNING SKILLS.WE HAVE FUNDED MANY ROBOTICS AND LEGO LEAGUE TEAMS FOR CHILDREN OF ALL AGES.

    Expenses $374,145 · Grants $374,145

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clay Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gail Gentes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julia Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nini Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nan Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John H Vogel Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jenny Levy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Travis Lahaye Started Feb 2022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melina Hill Walker Started In Feb 2

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • HYPERTHERM ASSOCIATE STOCK OWNERSHIP PLAN

    401(A) · ESOP · NH

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HYPERTHERM INC

    S · MANUFACTURER · NH

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202341359349315509

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