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Nonprofiteer
← HOPEWORKS N CAMDEN INC

Form 990 for tax year 2023

Filed by HOPEWORKS N CAMDEN INC.

Totals

Total revenue
$8,322,908
Total expenses
$8,095,027
Contributions and grants received
$7,135,103
Grants paid
$0
Program service revenue
$1,070,194
Investment income
$137,601
Other revenue
-$19,990
Total assets, end of year
$13,596,512
Total liabilities, end of year
$7,378,618
Net assets or fund balances, end of year
$6,217,894
Program services expenses (Part IX)
$6,832,928
Management and general expenses
$561,569
Fundraising expenses
$700,530
Program service expenses (Part III)
$6,832,928

Program services were 84.4% 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

    $72,233

  • 1f · All other contributions, gifts and grants

    $7,062,870

  • 1g · Noncash contributions included above

    $51,906

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $947,432 · related or exempt $947,432

  • 2b · Program service revenue: EXTERNSHIP INCOME

    total $122,762 · related or exempt $122,762

  • 3 · Investment income

    total $75,410 · related or exempt $75,410

  • 7a · Gross sales of assets other than inventory

    other assets $62,191

  • 7c · Gain or loss

    other assets $62,191

  • 7d · Net gain or loss

    total $62,191 · excluded $62,191

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

    $72,233

  • 8b · Fundraising events: direct expenses

    $19,990

  • 8c · Net income from fundraising events

    total -$19,990 · excluded -$19,990

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $200,000 · program services $171,182 · management and general $9,377 · fundraising $19,441

  • 7 · Other salaries and wages

    total $5,635,961 · program services $4,823,875 · management and general $264,233 · fundraising $547,853

  • 9 · Other employee benefits

    total $466,188 · program services $395,909 · management and general $56,604 · fundraising $13,675

  • 10 · Payroll taxes

    total $452,632 · program services $394,983 · management and general $23,711 · fundraising $33,938

  • 11c · Fees: accounting

    total $48,520 · management and general $48,520

  • 11g · Fees: other

    total $31,363 · program services $3,457 · management and general $27,783 · fundraising $123

  • 12 · Advertising and promotion

    total $110,952 · program services $87,315 · management and general $11,422 · fundraising $12,215

  • 13 · Office expenses

    total $69,252 · program services $46,897 · management and general $6,103 · fundraising $16,252

  • 16 · Occupancy

    total $428,306 · program services $383,445 · management and general $38,075 · fundraising $6,786

  • 17 · Travel

    total $54,562 · program services $48,271 · management and general $4,390 · fundraising $1,901

  • 20 · Interest

    total $24,989 · management and general $24,989

  • 22 · Depreciation, depletion and amortization

    total $78,851 · program services $69,813 · management and general $7,532 · fundraising $1,506

  • 23 · Insurance

    total $26,199 · program services $19,130 · management and general $6,577 · fundraising $492

  • 24a · Other expenses: OTHER PROJECT COSTS

    total $122,405 · program services $117,707 · management and general $3,038 · fundraising $1,660

  • 24b · Other expenses: SCHOLARSHIPS

    total $106,721 · program services $97,721 · management and general $9,000

  • 24c · Other expenses: TRAINING

    total $88,384 · program services $69,440 · management and general $14,135 · fundraising $4,809

  • 24d · Other expenses: SOFTWARE AND COMPUTER SUP

    total $69,740 · program services $63,171 · management and general $3,812 · fundraising $2,757

  • 24e · All other expenses

    total $80,002 · program services $40,612 · management and general $2,268 · fundraising $37,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $587,483 · end of year $105,262

  • 2 · Savings and temporary cash investments

    beginning of year $79,626

  • 3 · Pledges and grants receivable

    beginning of year $1,386,442 · end of year $2,413,448

  • 4 · Accounts receivable

    beginning of year $156,707 · end of year $185,438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,071 · end of year $62,216

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

    $1,165,991

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

    $395,464

  • 10c · Land, buildings and equipment, net

    beginning of year $670,559 · end of year $770,527

  • 11 · Investments: publicly traded securities

    beginning of year $3,548,576 · end of year $3,927,733

  • 15 · Other assets

    beginning of year $1,192,770 · end of year $6,131,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $231,218 · end of year $345,492

  • 24 · Unsecured notes and loans payable

    beginning of year $488,187 · end of year $845,857

  • 25 · Other liabilities

    beginning of year $1,230,281 · end of year $6,187,269

  • 27 · Net assets without donor restrictions

    beginning of year $4,593,234 · end of year $2,166,584

  • 28 · Net assets with donor restrictions

    beginning of year $1,234,314 · end of year $4,051,310

Mission and programs · 2023

Mission

HOPEWORKS FOCUSES ON EDUCATION TECHNOLOGY AND ENTREPRENEURSHIP TO PROVIDE A POSITIVE, HEALING ATMOSPHERE THAT PROPELS YOUNG PEOPLE TO BUILD STRONG FUTURES AND BREAK THE CYCLE OF VIOLENCE AND POVERTY IN CAMDEN, NEW JERSEY AND PHILADELPHIA, PA.

  • WITH FOCUS ON EDUCATION, TECHNOLOGY, AND ENTREPRENEURSHIP, HOPEWORKS PROVIDES A POSITIVE, HEALING ATMOSPHERE THAT PROPELS YOUNG PEOPLE TO BUILD STRONG FUTURES AND BREAK THE CYCLE OF VIOLENCE AND POVERTY IN CAMDEN, NEW JERSEY AND PHILADELPHIA, PENNSYLVANIA. WE CONNECT YOUTH TO LIFE-CHANGING OPPROTUNITIES WHERE THEIR GROWING TECHNOLOGY SKILLS GO TO WORK FOR ENTERPRISING BUSINESSES WITHIN OUR COMMUNITY. THE REAL WORLD, ON-THE-JOB EXPERIENCE THEY GAIN RAISES THEIR POTENTIAL AND BENEFITS OUR PARTNERS.

    Expenses $6,832,928 · Revenue $1,070,194

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

Listed in Part VII

  • Dan Rhoton

    EXECUTIVE DI

    Total calculated
    $212,695
    From this org
    $200,000
    From related orgs
    $0
    Other
    $12,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,695
    Nontaxable benefits
    not reported
    Filer's total
    $212,695

  • Caloua Lowe-Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ashok Madhavan

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Christina Mattison

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Rick Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lou Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Deirdre Ruttle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Mark Sarvary

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Don Shields

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Melissa Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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 · Compensation committee
  • 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
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202530359349300648

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