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Nonprofiteer
← HOPE IGNITES CHICAGO

Form 990 for tax year 2024

Filed by HOPE IGNITES CHICAGO.

Totals

Total revenue
$4,033,798
Total expenses
$2,725,982
Contributions and grants received
$3,287,800
Grants paid
$0
Program service revenue
$324,955
Investment income
$321,887
Other revenue
$99,156
Total assets, end of year
$13,013,709
Total liabilities, end of year
$161,669
Net assets or fund balances, end of year
$12,852,040
Program services expenses (Part IX)
$1,968,643
Management and general expenses
$193,766
Fundraising expenses
$563,573
Program service expenses (Part III)
$1,968,643

Program services were 72.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $705,747

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,582,053

  • 1g · Noncash contributions included above

    $66,227

  • 2a · Program service revenue: In-Kind Tuition

    total $303,955 · related or exempt $303,955 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: In-Kind Rent

    total $21,000 · related or exempt $21,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $321,887 · related or exempt $321,887 · unrelated business $0 · excluded $0

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

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

    $705,747

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $99,156 · related or exempt $99,156 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $99,156

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $154,981 · program services $92,058 · management and general $9,345 · fundraising $53,578

  • 7 · Other salaries and wages

    total $916,536 · program services $544,417 · management and general $55,266 · fundraising $316,853

  • 9 · Other employee benefits

    total $155,868 · program services $96,380 · management and general $23,117 · fundraising $36,371

  • 10 · Payroll taxes

    total $84,460 · program services $52,225 · management and general $12,526 · fundraising $19,709

  • 11c · Fees: accounting

    total $31,000 · program services $0 · management and general $31,000 · fundraising $0

  • 11g · Fees: other

    total $81,612 · program services $1,526 · management and general $0 · fundraising $80,086

  • 12 · Advertising and promotion

    total $10,945 · program services $2,736 · management and general $2,736 · fundraising $5,473

  • 13 · Office expenses

    total $47,792 · program services $15,795 · management and general $13,079 · fundraising $18,918

  • 16 · Occupancy

    total $220,094 · program services $206,709 · management and general $1,988 · fundraising $11,397

  • 17 · Travel

    total $32,665 · program services $32,665 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $44,936 · program services $29,208 · management and general $11,234 · fundraising $4,494

  • 22 · Depreciation, depletion and amortization

    total $139,500 · program services $117,123 · management and general $22,377 · fundraising $0

  • 23 · Insurance

    total $20,997 · program services $10,499 · management and general $5,249 · fundraising $5,249

  • 24a · Other expenses: Assistance to Youth

    total $719,040 · program services $719,040 · management and general $0 · fundraising $0

  • 24b · Other expenses: Training and Development

    total $26,518 · program services $26,518 · management and general $0 · fundraising $0

  • 24c · Other expenses: Other Expenses

    total $39,038 · program services $21,744 · management and general $5,849 · fundraising $11,445

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $5,947,290 · end of year $7,196,498

  • 3 · Pledges and grants receivable

    beginning of year $2,453,267 · end of year $1,830,433

  • 4 · Accounts receivable

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,535 · end of year $51,555

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

    $5,653,603

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

    $2,182,237

  • 10c · Land, buildings and equipment, net

    beginning of year $2,397,772 · end of year $3,471,366

  • 12 · Investments: other securities

    beginning of year $463,857 · end of year $463,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,611 · end of year $161,669

  • 27 · Net assets without donor restrictions

    beginning of year $8,384,796 · end of year $8,832,653

  • 28 · Net assets with donor restrictions

    beginning of year $2,743,314 · end of year $4,019,387

Mission and programs · 2024

Mission

Boys Hope Girls Hope nurtures and guides motivated young people in need to become well-educated, career-ready men and women for others through its holistic, long-term residential and academy programming. The organization provides direct program support and college scholarships.

Activities or mission (Part I)

The program provides housing and educational assistance for abandoned, abused, and neglected youths in a family environment that allows them to mature and succeed.

  • BHGH of Illinois is a privately funded, DCFS-licensed, residential scholarship program. We provide family-like group homes, college-prep education, and support through college graduation to motivated students from impoverished families, mostly from Chicago's South and West sides. We have a 40-year track record in Evanston with hundreds of successful outcomes. For our 24 high school Scholars, ages 12-18, we break down barriers to achievement by providing everything a fortunate family might offer: a safe, structured home and excellent schools, nightly meals around a family table, medical care and social-emotional support, tutoring, ACT prep, college application guidance, community service, and extracurricular activities. For our 24 Collegians, we provide financial aid navigation, a scholarship, dorm setup, and computer, internship access, career readiness, and ongoing support when they stumble. BHGH offers motivated kids an opportunity to see the world beyond their neighborhoods and build a future for themselves and their families through grit, hard work, and high-quality education. Our program works: 100% of our Scholars graduate high school and matriculate to college. 75% of our Scholars graduate with a college degree!

    Expenses $1,968,643

As filed on the 2024 return.

Listed in Part VII

  • Karen Croteau

    Executive Director

    Total calculated
    $152,848
    From this org
    $152,848
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,848
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,848
  • Michael Leahy

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Jamie Baisley

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • Mike Halkitis

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • John Lafferty

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • Amy Ward

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • Jim Bertler

    Treasurer and Finance Chair

    Total calculated
    $0
    Hours/week
    1
  • Daniel Baker

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • Christine Hjorth

    Events Chair

    Total calculated
    $0
    Hours/week
    1
  • Jeff Lundal

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • John Zumski

    Secretary and Service Chair

    Total calculated
    $0
    Hours/week
    1
  • David Gibson

    Nominations Chair

    Total calculated
    $0
    Hours/week
    1
  • Michael Kailus

    Housing Chair

    Total calculated
    $0
    Hours/week
    1
  • Christopher Tarzon

    Executive Committee

    Total calculated
    $0
    Hours/week
    1
  • David Blocker

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lucien Cater

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Chris Crawshaw

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Donald Doan

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Mary Beth Fahrney

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rochelle Foster

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Gallagher

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Krista Gallagher

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • John Hughes

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Martha Idler

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Peter Lee

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kelly Lomas

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert Martin

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Thomas McBreen

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Corinne McClintic

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Cyrus Oelerich

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Christopher Penna

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Timothy Reynolds

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • George Sargent

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Andrew Shackelford

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Matt Singh

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jamar Slade

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rudolph Trebels

    Board Member

    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. 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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.0
Source object
202611319349305176

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