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Nonprofiteer
← HYPERTHERM HOPE FOUNDATION INC

Form 990 for tax year 2023

Filed by HYPERTHERM HOPE FOUNDATION INC.

Totals

Total revenue
$947,618
Total expenses
$867,925
Contributions and grants received
$942,381
Grants paid
$861,065
Program service revenue
$0
Investment income
$5,787
Other revenue
-$550
Total assets, end of year
$426,768
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$426,768
Program services expenses (Part IX)
$861,470
Management and general expenses
$6,455
Fundraising expenses
$0
Program service expenses (Part III)
$861,470

Program services were 99.3% 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

    $7,475

  • 1d · Related organizations

    $599,668

  • 1f · All other contributions, gifts and grants

    $335,238

  • 1g · Noncash contributions included above

    $10,980

  • 3 · Investment income

    total $5,998 · excluded $5,998

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

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

    securities $211

  • 7c · Gain or loss

    securities -$211

  • 7d · Net gain or loss

    total -$211 · excluded -$211

  • 8a · Fundraising events: gross income

    $8,236

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

    $7,475

  • 8b · Fundraising events: direct expenses

    $8,786

  • 8c · Net income from fundraising events

    total -$550 · excluded -$550

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $861,065 · program services $861,065

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $6,455 · management and general $6,455

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: WIRE FEES

    total $405 · program services $405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$2,013 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $262,884 · end of year $340,774

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $83,013 · end of year $85,994

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $204,127 · end of year $285,132

  • 28 · Net assets with donor restrictions

    beginning of year $139,757 · end of year $141,636

Mission and programs · 2023

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 137 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 $861,470 · Grants $861,065

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

Listed in Part VII

  • Jenny Levy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jack Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • John H Vogel Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • 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

  • Travis Lahaye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Nini Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nan Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melina Hill Walker

    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 ASSOC 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 CORP · Manufacturer · NH · share of income $0 · share of assets $0

Provenance

Return type
form_990
Tax year
2023
Filed
16 July 2024
IRS schema version
2023v5.1
Source object
202412189349300041

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