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Nonprofiteer
← HOPE IGNITES NORTHEASTERN OHIO

Form 990 for tax year 2024

Filed by HOPE IGNITES NORTHEASTERN OHIO.

Totals

Total revenue
-$1,076,615
Total expenses
$3,598,606
Contributions and grants received
$2,624,109
Grants paid
$318,322
Program service revenue
$0
Investment income
-$3,770,431
Other revenue
$69,707
Total assets, end of year
$9,660,541
Total liabilities, end of year
$338,159
Net assets or fund balances, end of year
$9,322,382
Program services expenses (Part IX)
$2,816,384
Management and general expenses
$325,749
Fundraising expenses
$456,473
Program service expenses (Part III)
$2,816,384

Program services were 78.3% 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

    $295,461

  • 1d · Related organizations

    $242,052

  • 1f · All other contributions, gifts and grants

    $2,086,596

  • 3 · Investment income

    total $141,949 · excluded $141,949

  • 7b · Less cost or other basis and sales expenses

    other assets $3,912,380

  • 7c · Gain or loss

    other assets -$3,912,380

  • 7d · Net gain or loss

    total -$3,912,380 · excluded -$3,912,380

  • 8a · Fundraising events: gross income

    $163,393

  • 8a · Fundraising events: contributions included on line 1c

    $295,461

  • 8b · Fundraising events: direct expenses

    $183,986

  • 8c · Net income from fundraising events

    total -$20,593 · excluded -$20,593

  • 11a · Other revenue: OTHER INCOME

    total $90,300 · related or exempt $90,300

  • 11e · Other revenue, total

    $90,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $318,322 · program services $318,322

  • 5 · Compensation of officers, directors and key employees

    total $211,143 · program services $156,614 · management and general $17,287 · fundraising $37,242

  • 7 · Other salaries and wages

    total $1,141,802 · program services $846,927 · management and general $93,480 · fundraising $201,395

  • 8 · Pension plan contributions

    total $29,538 · program services $20,295 · management and general $2,610 · fundraising $6,633

  • 9 · Other employee benefits

    total $142,853 · program services $98,150 · management and general $12,624 · fundraising $32,079

  • 10 · Payroll taxes

    total $107,638 · program services $73,955 · management and general $9,512 · fundraising $24,171

  • 11b · Fees: legal

    total $55,946 · program services $34,560 · management and general $5,393 · fundraising $15,993

  • 11c · Fees: accounting

    total $17,550 · program services $10,841 · management and general $1,692 · fundraising $5,017

  • 16 · Occupancy

    total $115,949 · program services $103,689 · management and general $12,260

  • 17 · Travel

    total $69,752 · program services $67,080 · management and general $2,660 · fundraising $12

  • 22 · Depreciation, depletion and amortization

    total $367,465 · program services $255,882 · management and general $111,583

  • 23 · Insurance

    total $102,267 · program services $96,419 · management and general $5,848

  • 24a · Other expenses: ASSISTANCE TO YOUTH

    total $327,974 · program services $327,410 · management and general $564 · fundraising $0

  • 24b · Other expenses: CONTRACT LABOR

    total $256,902 · program services $170,565 · management and general $8,920 · fundraising $77,417

  • 24c · Other expenses: ADMIN.EXPENSES

    total $120,275 · program services $59,980 · management and general $32,817 · fundraising $27,478

  • 24d · Other expenses: NATIONAL ASSESSMENT

    total $42,135 · program services $25,281 · management and general $8,427 · fundraising $8,427

  • 24e · All other expenses

    total $171,095 · program services $150,414 · management and general $72 · fundraising $20,609

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $453,296 · end of year $422,984

  • 3 · Pledges and grants receivable

    beginning of year $406,483 · end of year $186,904

  • 7 · Other notes and loans receivable

    beginning of year $431,180 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,710 · end of year $61,542

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

    $4,596,088

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

    $2,806,470

  • 10c · Land, buildings and equipment, net

    beginning of year $1,992,659 · end of year $1,789,618

  • 11 · Investments: publicly traded securities

    beginning of year $6,952,561 · end of year $7,191,945

  • 15 · Other assets

    beginning of year $3,502,971 · end of year $7,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $344,126 · end of year $329,561

  • 19 · Deferred revenue

    beginning of year $1,395 · end of year $1,050

  • 25 · Other liabilities

    beginning of year $21,771 · end of year $7,548

  • 27 · Net assets without donor restrictions

    beginning of year $10,861,886 · end of year $6,934,938

  • 28 · Net assets with donor restrictions

    beginning of year $2,580,682 · end of year $2,387,444

Mission and programs · 2024

Mission

TO NURTURE AND GUIDE MOTIVATED YOUNG PEOPLE IN NEED TO BECOME WELL-EDUCATED, CAREER-READY MEN AND WOMEN FOR OTHERS.

  • HOPE IGNITES NORTHEASTERN OHIO OFFERS A RESIDENTIAL PROGRAM WHERE SCHOLARS LIVE IN ONE OF 3 HOMES ON OUR CAMPUS IN GARFIELD HEIGHTS. SCHOLARS ENROLLED IN THE PROGRAM ATTEND PRIVATE MIDDLE AND HIGH SCHOOLS WHOSE MISSIONS REFLECT THE SAME HOLISTIC VALUES THAT HOPE IGNITES NORTHEASTERN OHIO WAS FOUNDED UPON.

    Expenses $973,440 · Grants $318,322

  • HOPE IGNITES NORTHEASTERN OHIO ACADEMY PROGRAM IS A 7 YEAR CONTINUUM OF SUPPORT PROVIDED TO MIDDLE SCHOOL AND HIGH SCHOOL SCHOLARS. THROUGH OUR HOLISTIC CURRICULUM, SCHOLARS IN THE PROGRAM RECEIVE ACADEMIC ENRICHMENT, STEM EDUCATION, HANDS ON LEARNING EXPERIENCES AND COLLEGE & CAREER COUNSELING AS WELL AS OPPORTUNITIES TO PARTICIPATE IN SERVICE, LEADERSHIP AND COMMUNITY BUILDING EXPERIENCES.

    Expenses $925,691 · Revenue $90,300

  • UPON GRADUATION FROM HIGH SCHOOL, HOPE IGNITES NORTHEASTERN OHIO CONTINUES SUPPORTING SCHOLARS THROUGH PERSONALIZED MENTORSHIP AND GUIDANCE THROUGHOUT THEIR POST-SECONDARY YEARS AND INTO THE LAUNCH OF THEIR CAREER. SCHOLARS ARE PAIRED WITH A CAREER & LIFE COACH WHO THEY COMMUNICATE WITH ON A MONTHLY BASIS. ELIGIBLE SCHOLARS CAN ALSO APPLY FOR SCHOLARSHIP SUPPORT TO PROMOTE COLLEGE AFFORDABILITY.

    Expenses $378,167

  • Expenses $539,086

As filed on the 2024 return.

Listed in Part VII

  • ALICE ARMSTRONG

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • NANCY BENACCI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • MIKE BOESCHENSTEIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • KYLE CHANDLIER

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • BITTY DORR

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • ANDREW EICH

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • HOPE EVANS

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • GREG GALVIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • CYNTHIA HUFFMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • ALLYSON JIMENEZ-HUYKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • MEREDITH KORNER

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • FRANCESCA LAMONTAGNE

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • ERIN LUKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • LEAH MIKO

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • ANDREW MOOCK

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • MICHAEL MURPHY

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • KRISTIN OSTBY

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • MARIA RUDDOCK

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • BRIAN SPEAR

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • DOUGLAS WELLS

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • JOHN MCBRIDE

    EXECUTIVE DIRECTOR

    Total calculated
    $211,143
    From this org
    $180,667
    From related orgs
    $0
    Other
    $30,476
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $180,667
    Bonus
    $0
    Other
    $0
    Deferred
    $5,497
    Nontaxable benefits
    $24,979
    Filer's total
    $211,143

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349307255

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