Totals
- Total revenue
- $10,716,166
- Total expenses
- $12,033,530
- Contributions and grants received
- $10,716,166
- Grants paid
- $7,182,645
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $31,322,044
- Total liabilities, end of year
- $660,484
- Net assets or fund balances, end of year
- $30,661,560
- Program services expenses (Part IX)
- $9,693,620
- Management and general expenses
- $1,134,094
- Fundraising expenses
- $1,205,816
- Program service expenses (Part III)
- $9,693,620
Program services were 80.6% 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.
-
1f · All other contributions, gifts and grants
$10,716,166
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $7,182,645 · program services $7,182,645
-
5 · Compensation of officers, directors and key employees
total $1,468,922 · program services $639,689 · management and general $349,021 · fundraising $480,212
-
7 · Other salaries and wages
total $1,170,455 · program services $671,800 · management and general $232,415 · fundraising $266,240
-
8 · Pension plan contributions
total $43,471 · program services $21,735 · management and general $9,564 · fundraising $12,172
-
9 · Other employee benefits
total $285,471 · program services $142,735 · management and general $62,804 · fundraising $79,932
-
10 · Payroll taxes
total $268,536 · program services $134,268 · management and general $59,078 · fundraising $75,190
-
11a · Fees: management
total $14,900 · program services $14,900
-
11b · Fees: legal
total $15,125 · management and general $15,125
-
11c · Fees: accounting
total $66,296 · management and general $66,296
-
11d · Fees: lobbying
total $13,441 · fundraising $13,441
-
11g · Fees: other
total $462,413 · program services $425,039 · management and general $37,374
-
12 · Advertising and promotion
total $583,394 · program services $286,618 · management and general $147,760 · fundraising $149,016
-
13 · Office expenses
total $69,225 · program services $7,951 · management and general $13,372 · fundraising $47,902
-
14 · Information technology
total $167,958 · program services $51,887 · management and general $82,168 · fundraising $33,903
-
16 · Occupancy
total $102,154 · program services $45,113 · management and general $27,564 · fundraising $29,477
-
17 · Travel
total $36,736 · program services $21,575 · management and general $13,377 · fundraising $1,784
-
22 · Depreciation, depletion and amortization
total $5,338 · program services $2,358 · management and general $1,440 · fundraising $1,540
-
23 · Insurance
total $30,232 · program services $15,022 · management and general $6,660 · fundraising $8,550
-
24a · Other expenses: BAD DEBTS EXPENSE
total $24,455 · program services $24,455
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $9,333 · program services $730 · management and general $7,003 · fundraising $1,600
-
24c · Other expenses: BANK SERVICE CHARGES
total $4,597 · management and general $583 · fundraising $4,014
-
24e · All other expenses
total $8,433 · program services $5,100 · management and general $2,490 · fundraising $843
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,157,406 · end of year $5,590,341
-
3 · Pledges and grants receivable
beginning of year $19,919,671 · end of year $25,211,417
-
9 · Prepaid expenses and deferred charges
beginning of year $25,964 · end of year $225,304
-
10a · Land, buildings and equipment: cost or other basis
$16,106
-
10b · Land, buildings and equipment: accumulated depreciation
$5,338
-
10c · Land, buildings and equipment, net
beginning of year $16,106 · end of year $10,768
-
11 · Investments: publicly traded securities
beginning of year $14,609 · end of year $254,923
-
15 · Other assets
beginning of year $8,785 · end of year $29,291
-
17 · Accounts payable and accrued expenses
beginning of year $167,089 · end of year $660,484
-
27 · Net assets without donor restrictions
beginning of year $10,927,229 · end of year $11,549,254
-
28 · Net assets with donor restrictions
beginning of year $21,048,223 · end of year $19,112,306
Mission and programs · 2022
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 $9,693,620 · Grants $7,182,645
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Pete KadensPETE KADENS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Ted KoenigTED KOENIG
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Julie HoffmannJULIE HOFFMANN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Joyce Johnson-MillerJOYCE JOHNSON-MILLER
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Constance JonesCONSTANCE JONES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Dorri McWhorterDORRI MCWHORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Julian PosadaJULIAN POSADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jonathan ReinsdorfJONATHAN REINSDORF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Eric A ReevesERIC A REEVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Von WashingtonVON WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
John JonesJOHN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Adolfo HernandezADOLFO HERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lynn JerathLYNN JERATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Scott KappSCOTT KAPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Melvin RodriguezMELVIN RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lee RosenbergLEE ROSENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Eileen BuckleyEILEEN BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Max DezaraMAX DEZARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Aaron FriedmanAARON FRIEDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Robert JonesROBERT JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Stephanie MorimotoSTEPHANIE MORIMOTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Yolanda WhiteYOLANDA WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jon SkinnerJON SKINNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Matthew LyonsMATTHEW LYONS
CFO
- Total calculated
- $244,400
- From this org
- $244,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $235,000
- Bonus
- $0
- Other
- $9,400
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $244,400
-
Michele HowardMICHELE HOWARD
CHIEF PROGRAM OFFICER
- Total calculated
- $169,650
- From this org
- $169,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $169,650
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $169,650
-
Janice K Jackson Ed DJANICE K JACKSON ED D
CEO
- Total calculated
- $494,750
- From this org
- $494,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $375,000
- Bonus
- $0
- Other
- $119,750
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $494,750
-
Cameron HardamonCAMERON HARDAMON
CHIEF IMPACT OFFICER
- Total calculated
- $141,750
- From this org
- $141,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Nicole TurnerNICOLE TURNER
DIRECTOR OF ADMINISTRATION
- Total calculated
- $117,000
- From this org
- $117,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Collin SeamanCOLLIN SEAMAN
COMMUNICATIONS DIRECTOR
- Total calculated
- $114,092
- From this org
- $114,092
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
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
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421349349303412
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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