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Nonprofiteer
← HOPE IGNITES DETROIT

Form 990 for tax year 2024

Filed by HOPE IGNITES DETROIT.

Totals

Total revenue
$803,826
Total expenses
$971,164
Contributions and grants received
$723,082
Grants paid
$70,198
Program service revenue
$0
Investment income
$15,427
Other revenue
$65,317
Total assets, end of year
$841,234
Total liabilities, end of year
$107,391
Net assets or fund balances, end of year
$733,843
Program services expenses (Part IX)
$605,035
Management and general expenses
$187,536
Fundraising expenses
$178,593
Program service expenses (Part III)
$605,035

Program services were 62.3% 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

    $212,640

  • 1d · Related organizations

    $30,985

  • 1f · All other contributions, gifts and grants

    $479,457

  • 3 · Investment income

    total $15,427 · related or exempt $15,427

  • 8a · Fundraising events: gross income

    $275,828

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

    $212,640

  • 8b · Fundraising events: direct expenses

    $212,640

  • 8c · Net income from fundraising events

    total $63,188 · unrelated business $63,188

  • 11a · Other revenue: Misc Income

    total $2,129 · related or exempt $2,129

  • 11e · Other revenue, total

    $2,129

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $70,198 · program services $70,198

  • 5 · Compensation of officers, directors and key employees

    total $90,000 · program services $53,916 · management and general $17,226 · fundraising $18,858

  • 7 · Other salaries and wages

    total $431,164 · program services $258,298 · management and general $82,524 · fundraising $90,342

  • 9 · Other employee benefits

    total $38,499 · program services $23,063 · management and general $8,067 · fundraising $7,369

  • 10 · Payroll taxes

    total $38,635 · program services $23,145 · management and general $8,095 · fundraising $7,395

  • 11g · Fees: other

    total $35,032 · program services $1,113 · management and general $9,919 · fundraising $24,000

  • 16 · Occupancy

    total $29,642 · program services $29,642

  • 17 · Travel

    total $11,544 · program services $11,544

  • 22 · Depreciation, depletion and amortization

    total $53,026 · program services $53,026

  • 23 · Insurance

    total $78,391 · program services $53,306 · management and general $14,894 · fundraising $10,191

  • 24a · Other expenses: Affiliate Fees

    total $26,430 · management and general $26,430

  • 24b · Other expenses: Assistance to youth in colle

    total $7,457 · program services $7,457

  • 24c · Other expenses: Assistance to youth in progr

    total $20,032 · program services $20,032

  • 24d · Other expenses: Administrative and other

    total $21,073 · program services $295 · management and general $340 · fundraising $20,438

  • 24e · All other expenses

    total $20,041 · management and general $20,041

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,619 · end of year $181,747

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,083 · end of year $97,083

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

    $658,245

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

    $517,510

  • 10c · Land, buildings and equipment, net

    beginning of year $140,221 · end of year $140,735

  • 11 · Investments: publicly traded securities

    beginning of year $610,714 · end of year $421,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,936 · end of year $35,456

  • 24 · Unsecured notes and loans payable

    beginning of year $69,046 · end of year $71,935

  • 27 · Net assets without donor restrictions

    beginning of year $822,655 · end of year $719,693

  • 28 · Net assets with donor restrictions

    end of year $14,150

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 Detroit helps Academically capable and motivated young people in need to meet their full potential and become well-educated, career-ready men and women for others by providing value-centered, family-like homes, opportunities and education through college.

    Expenses $605,035

As filed on the 2024 return.

Listed in Part VII

  • Rebecca Limbaugh

    Executive Director

    Total calculated
    $90,850
    From this org
    $90,000
    From related orgs
    $0
    Other
    $850
    Hours/week
    40

  • Dan Liable

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Sherman

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Scott Caren

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jo Coleman

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Michael Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kerrie Binno

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dante Dixon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel J Dulworth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Garwood

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Hebert

    Board Chairman

    Total calculated
    $0
    Hours/week
    1

  • Rob Hughes

    Development Chair

    Total calculated
    $0
    Hours/week
    1

  • Bryan Marx

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Noonan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ruben Lugo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Melanie Tamas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Glenn Ellis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Keiyania Mann

    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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2026
IRS schema version
2024v5.2
Source object
202601189349302390

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