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← HOPE ENTERPRISES FOUNDATION INC

Form 990 for tax year 2023

Filed by HOPE ENTERPRISES FOUNDATION INC.

Totals

Total revenue
$569,676
Total expenses
$134,885
Contributions and grants received
$440,281
Grants paid
$0
Program service revenue
$0
Investment income
$190,709
Other revenue
-$61,314
Total assets, end of year
$7,240,760
Total liabilities, end of year
$257,478
Net assets or fund balances, end of year
$6,983,282
Program services expenses (Part IX)
$0
Management and general expenses
$131,321
Fundraising expenses
$3,564
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1c · Fundraising events

    $109,394

  • 1f · All other contributions, gifts and grants

    $330,887

  • 3 · Investment income

    total $161,053 · excluded $161,053

  • 7a · Gross sales of assets other than inventory

    securities $605,049

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

    securities $575,393

  • 7c · Gain or loss

    securities $29,656

  • 7d · Net gain or loss

    total $29,656 · excluded $29,656

  • 8a · Fundraising events: gross income

    $16,143

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

    $109,394

  • 8b · Fundraising events: direct expenses

    $77,457

  • 8c · Net income from fundraising events

    total -$61,314 · excluded -$61,314

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $85,000 · management and general $85,000

  • 11c · Fees: accounting

    total $6,300 · management and general $6,300

  • 11f · Fees: investment management

    total $32,938 · management and general $32,938

  • 13 · Office expenses

    total $1,427 · management and general $1,427

  • 17 · Travel

    total $165 · management and general $165

  • 23 · Insurance

    total $1,981 · management and general $1,981

  • 24a · Other expenses: ACTIVITIES

    total $3,564 · fundraising $3,564

  • 24b · Other expenses: SUBSCRIPTIONS

    total $2,656 · management and general $2,656

  • 24c · Other expenses: RECREATION

    total $671 · management and general $671

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $150 · management and general $150

  • 24e · All other expenses

    total $33 · management and general $33

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $876,527 · end of year $1,243,334

  • 4 · Accounts receivable

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,330,115 · end of year $5,971,834

  • 15 · Other assets

    beginning of year $32,772 · end of year $25,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,499 · end of year $29,108

  • 25 · Other liabilities

    beginning of year $175,114 · end of year $228,370

  • 27 · Net assets without donor restrictions

    beginning of year $4,589,113 · end of year $5,684,234

  • 28 · Net assets with donor restrictions

    beginning of year $1,447,688 · end of year $1,299,048

Mission and programs · 2023

Mission

ENHANCING THE LIVES OF PEOPLE WITH DEVELOPMENTAL DISABILITIES BY PROVIDING THEM WITH RESPONSIVE SERVICES AND SUPPORTS.

Activities or mission (Part I)

TO ENHANCE THE QUALITY OF LIFE AND BENEFIT THE INHABITANTS OF THE AREAS WHICH IT SERVES.

  • IN 1987, HOPE ENTERPRISES FOUNDATION, INC. WAS FORMED TO DRIVE THE OPPORTUNITY FOR IMPACT, DEVELOPMENT, RESOURCES, AND EDUCATION TO PEOPLE WITH DISABILITIES, THEIR FAMILIES, AND OUR COMMUNITIES. ONE WAY OUR FOUNDATION HAS MADE AN IMPACT INCLUDES OUR RECEIVING OF A GRANT FROM THE ALLONE FOUNDATION IN WILKES-BARRE, PA. FUNDS HAVE BEEN ACCEPTED TO CREATE AN AUTISM COLLABORATIVE CENTER FOR EXCELLENCE (ACCE) ON HOPE'S CHILDREN'S CAMPUS IN WILLIAMSPORT. DESPITE ITS LOCATION, THIS NEW SERVICE WILL PROVIDE RESOURCES AND REFERRAL SERVICES FOR CHILDREN, ADOLESCENTS, ADULTS AND THEIR FAMILIES WITH AN AUTISM SPECTRUM DISORDER (ASD). ADULTS WITH DISABILITIES HAVE THE RIGHT TO ACHIEVE AN EVERYDAY LIFE, NO DIFFERENT THAN ANY OTHERS. THE HOPE FOUNDATION REMAINS COMMITTED TO SUPPORTING HOPE'S SERVICES, OUR COMMUNITY PARTNERS, AND DONORS, BY CONTRIBUTING SUBSTANTIAL FUNDS FOR CREATING OPPORTUNITIES AND EXPERIENCES THAT WILL ENHANCE HOPE'S MISSION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CANDACE P DEWAR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KRISTIE HEALY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JIM DINSMORE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GABE SINICROPI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GLEN SMITH II

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • CHARLEY HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER ALLISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMANTHA MAHAFFEY

    DIRECTOR (STARTING 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • HEATHER LANAHAN

    DIRECTOR (STARTING 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • RHONDA BOYCE

    DIRECTOR (STARTING 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • BRIAN PAULHAMUS

    DIRECTOR (STARTING 7/1/23)

    Total calculated
    $0
    Hours/week
    1

  • ROBERT A LABATCH

    PRESIDENT/CEO

    Total calculated
    $189,547
    From this org
    $0
    From related orgs
    $181,517
    Other
    $8,030
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,517 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,421 related
    Nontaxable benefits
    $0 + $2,609 related
    Filer's total
    $0 + $189,547 related

  • JOHN F BUBB

    VICE PRESIDENT/CFO

    Total calculated
    $158,555
    From this org
    $0
    From related orgs
    $113,694
    Other
    $44,861
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,017 related
    Bonus
    $0 + $4,677 related
    Other
    $0
    Deferred
    $0 + $7,228 related
    Nontaxable benefits
    $0 + $37,633 related
    Filer's total
    $0 + $158,555 related

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

The filer's explanations (Part III)

PART I LINE 3
CEO/CFO COMPENSATION IS REVIEWED BY HOPE ENTERPRISES INCORPORATED

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.

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.

  • HOPE ENTERPRISES INC

    501(C)(3) · CARING SUPPORT & RESPONSIVE SERVICES FOR PEOPLE W INTELLECTUAL DISABILITIES · PA · controlled entity

    Directly controlled by HOPE ENTERPRISES FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
18 March 2025
IRS schema version
2023v6.0
Source object
202530779349301218

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