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Nonprofiteer
← THE HOPE FOUNDATION

Form 990 for tax year 2023

Filed by THE HOPE FOUNDATION.

Totals

Total revenue
$15,053,174
Total expenses
$11,391,428
Contributions and grants received
$6,501,943
Grants paid
$1,428,897
Program service revenue
$6,601,408
Investment income
$1,949,394
Other revenue
$429
Total assets, end of year
$62,313,456
Total liabilities, end of year
$23,197,504
Net assets or fund balances, end of year
$39,115,952
Program services expenses (Part IX)
$9,855,445
Management and general expenses
$1,377,910
Fundraising expenses
$158,073
Program service expenses (Part III)
$9,855,445

Program services were 86.5% 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.

  • 1e · Government grants (contributions)

    $5,936,342

  • 1f · All other contributions, gifts and grants

    $565,601

  • 1g · Noncash contributions included above

    $9,830

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $4,795,441 · related or exempt $4,795,441

  • 2b · Program service revenue: SERVICE FEES

    total $1,725,857 · related or exempt $1,725,857

  • 2c · Program service revenue: EXHIBITOR AND REGISTRATION FEES

    total $80,110 · related or exempt $80,110

  • 3 · Investment income

    total $2,324,264 · excluded $2,324,264

  • 7a · Gross sales of assets other than inventory

    securities $17,612,734

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

    securities $17,972,366 · other assets $15,238

  • 7c · Gain or loss

    securities -$359,632 · other assets -$15,238

  • 7d · Net gain or loss

    total -$374,870 · excluded -$374,870

  • 11a · Other revenue: OTHER INCOME

    total $429 · related or exempt $429

  • 11e · Other revenue, total

    $429

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,189,963 · program services $1,189,963

  • 2 · Grants to domestic individuals

    total $238,934 · program services $238,934

  • 5 · Compensation of officers, directors and key employees

    total $290,786 · program services $246,074 · management and general $38,562 · fundraising $6,150

  • 7 · Other salaries and wages

    total $4,280,730 · program services $3,622,474 · management and general $567,731 · fundraising $90,525

  • 8 · Pension plan contributions

    total $374,478 · program services $316,683 · management and general $49,973 · fundraising $7,822

  • 9 · Other employee benefits

    total $792,890 · program services $671,590 · management and general $104,247 · fundraising $17,053

  • 10 · Payroll taxes

    total $341,897 · program services $289,287 · management and general $45,397 · fundraising $7,213

  • 11b · Fees: legal

    total $25,901 · management and general $25,901

  • 11c · Fees: accounting

    total $29,146 · management and general $29,146

  • 11f · Fees: investment management

    total $148,089 · management and general $148,089

  • 11g · Fees: other

    total $735,410 · program services $695,378 · management and general $36,131 · fundraising $3,901

  • 12 · Advertising and promotion

    total $3,117 · management and general $3,117

  • 13 · Office expenses

    total $167,970 · program services $84,615 · management and general $83,355

  • 14 · Information technology

    total $107,503 · program services $98,208 · management and general $9,295

  • 16 · Occupancy

    total $188,243 · program services $111,149 · management and general $77,094

  • 17 · Travel

    total $446,718 · program services $440,369 · management and general $6,349

  • 19 · Conferences, conventions and meetings

    total $1,741,091 · program services $1,741,091

  • 22 · Depreciation, depletion and amortization

    total $10,680 · program services $3,526 · management and general $7,154

  • 23 · Insurance

    total $18,324 · management and general $18,324

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $130,504 · program services $64,125 · management and general $40,970 · fundraising $25,409

  • 24b · Other expenses: TELECOMMUNICATIONS

    total $44,190 · program services $41,979 · management and general $2,211

  • 24c · Other expenses: STAFF AND BOARD DEVELOP

    total $35,616 · management and general $35,616

  • 24d · Other expenses: BANK FEES

    total $26,465 · management and general $26,465

  • 24e · All other expenses

    total $22,783 · management and general $22,783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,474 · end of year $4,060

  • 2 · Savings and temporary cash investments

    beginning of year $5,979,131 · end of year $6,420,574

  • 4 · Accounts receivable

    beginning of year $1,939,225 · end of year $3,255,176

  • 9 · Prepaid expenses and deferred charges

    beginning of year $149,249 · end of year $152,230

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

    $363,338

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

    $287,443

  • 10c · Land, buildings and equipment, net

    beginning of year $34,668 · end of year $75,895

  • 11 · Investments: publicly traded securities

    beginning of year $39,412,829 · end of year $44,717,212

  • 12 · Investments: other securities

    beginning of year $8,649,828 · end of year $7,354,429

  • 15 · Other assets

    beginning of year $518,455 · end of year $333,880

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,848,616 · end of year $3,266,235

  • 19 · Deferred revenue

    beginning of year $6,628 · end of year $6,628

  • 25 · Other liabilities

    beginning of year $21,331,614 · end of year $19,924,641

  • 27 · Net assets without donor restrictions

    beginning of year $30,191,134 · end of year $37,805,011

  • 28 · Net assets with donor restrictions

    beginning of year $1,308,867 · end of year $1,310,941

Mission and programs · 2023

Mission

AS THE PHILANTHROPIC ARM OF THE SWOG CANCER RESEARCH NETWORK, THE HOPE FOUNDATION STRIVES TO PROVIDE FUNDING AND RESOURCES FOR CANCER CLINICAL TRIALS RESEARCH IN VARIOUS FORMS OF ADULT CANCERS. FELLOWSHIPS, RESEARCH GRANTS, PROFESSIONAL MEDICAL EDUCATION TRAINING SESSIONS, TECHNICAL EQUIPMENT, AND MEETING COORDINATION ARE FUNDED BY THE FOUNDATION.

Activities or mission (Part I)

TO RAISE AND CONTRIBUTE FUNDS FOR THE TREATMENT AND PREVENTION OF CANCER.

  • SUPPORT OF CANCER RESEARCH GROUPS.

    Expenses $8,114,354 · Grants $1,428,897 · Revenue $6,521,727

  • SUPPORT RESEARCH AND EDUCATION, INCLUDING SPRING AND FALL 2023 GROUP MEETINGS OF SWOG. FORMERLY THE SOUTHWEST ONCOLOGY GROUP, SWOG IS ONE OF FIVE COOPERATIVE GROUPS IN THE NCI'S NATIONAL CLINICAL TRIALS NETWORK.

    Expenses $1,741,091 · Revenue $80,110

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

Listed in Part VII

  • JOHANNA HORN MSW

    PRESIDENT & CEO

    Total calculated
    $289,536
    From this org
    $244,339
    From related orgs
    $0
    Other
    $45,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,339
    Bonus
    $0
    Other
    $0
    Deferred
    $24,490
    Nontaxable benefits
    $20,707
    Filer's total
    $289,536

  • DANA SPARKS

    DIRECTOR OF PC & OPERATIONS

    Total calculated
    $197,209
    From this org
    $163,308
    From related orgs
    $0
    Other
    $33,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,308
    Bonus
    $0
    Other
    $0
    Deferred
    $16,733
    Nontaxable benefits
    $17,168
    Filer's total
    $197,209

  • DEBRA ALLEN

    DIRECTOR OF FINANCE

    Total calculated
    $143,100
    From this org
    $108,879
    From related orgs
    $0
    Other
    $34,221
    Hours/week
    40

  • MORGAN COX

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $142,668
    From this org
    $114,701
    From related orgs
    $0
    Other
    $27,967
    Hours/week
    40

  • NORBERT STRAUSS

    ASSISTANT DIRECTOR OF OPERATIONS

    Total calculated
    $139,416
    From this org
    $113,663
    From related orgs
    $0
    Other
    $25,753
    Hours/week
    40

  • JENNIFER FRANKS

    LEAD ATTORNEY

    Total calculated
    $134,970
    From this org
    $113,241
    From related orgs
    $0
    Other
    $21,729
    Hours/week
    40

  • JOSEPH UNGER PHD

    DIRECTOR

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.2

  • NATHAN ERIKSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • CATHY TANGEN PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • SARAH GOLDBERG MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • SYED AHMAD MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • ANJALI ADVANI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • MARIANA CHAVEZ MAC GREGOR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • SUMANTA PAL MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • CHRISTOPHER LIEU MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • NORAH LYNN HENRY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • LAJOS PUSZTAI MD DPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • MARTI K S HEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • CHARLES BLANKE MD

    SWOG CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • DAVID GIBSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • CAVITT RANDALL

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • DON S DIZON MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • RAYMOND OSAROGIAGBON MD

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2024
IRS schema version
2023v5.1
Source object
202412149349300401

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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