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← HOPEWELL FUND

Form 990 for tax year 2024

Filed by HOPEWELL FUND.

Totals

Total revenue
$208,022,501
Total expenses
$197,068,456
Contributions and grants received
$201,293,942
Grants paid
$114,166,400
Program service revenue
$563,977
Investment income
$6,210,974
Other revenue
-$46,392
Total assets, end of year
$172,927,279
Total liabilities, end of year
$8,063,144
Net assets or fund balances, end of year
$164,864,135
Program services expenses (Part IX)
$186,142,557
Management and general expenses
$10,328,934
Fundraising expenses
$596,965
Program service expenses (Part III)
$186,142,557

Program services were 94.5% 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.

  • 1c · Fundraising events

    $1,430,618

  • 1f · All other contributions, gifts and grants

    $199,863,324

  • 1g · Noncash contributions included above

    $8,346,652

  • 2a · Program service revenue: CONSULTING REVENUE

    total $516,500 · related or exempt $516,500

  • 2b · Program service revenue: PRI INTEREST INCOME

    total $32,477 · related or exempt $32,477

  • 2c · Program service revenue: DUES REVENUE

    total $15,000 · related or exempt $15,000

  • 3 · Investment income

    total $6,306,177 · excluded $6,306,177

  • 7a · Gross sales of assets other than inventory

    securities $21,736,326

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

    securities $21,831,529

  • 7c · Gain or loss

    securities -$95,203

  • 7d · Net gain or loss

    total -$95,203 · excluded -$95,203

  • 8a · Fundraising events: gross income

    $33,000

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

    $1,430,618

  • 8b · Fundraising events: direct expenses

    $733,998

  • 8c · Net income from fundraising events

    total -$700,998 · excluded -$700,998

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $654,606 · excluded $654,606

  • 11e · Other revenue, total

    $654,606

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $112,374,015 · program services $112,374,015

  • 3 · Grants to foreign organizations and individuals

    total $1,792,385 · program services $1,792,385

  • 7 · Other salaries and wages

    total $17,568,916 · program services $17,345,683 · management and general $31,064 · fundraising $192,169

  • 8 · Pension plan contributions

    total $853,403 · program services $842,559 · management and general $1,509 · fundraising $9,335

  • 9 · Other employee benefits

    total $2,563,207 · program services $2,530,639 · management and general $4,532 · fundraising $28,036

  • 10 · Payroll taxes

    total $1,320,882 · program services $1,304,098 · management and general $2,336 · fundraising $14,448

  • 11a · Fees: management

    total $9,723,577 · management and general $9,723,577

  • 11b · Fees: legal

    total $11,211,930 · program services $11,045,215 · management and general $166,715

  • 11c · Fees: accounting

    total $73,694 · management and general $73,694

  • 11d · Fees: lobbying

    total $1,243,152 · program services $1,243,152

  • 11e · Fees: professional fundraising services

    total $275,870 · fundraising $275,870

  • 11g · Fees: other

    total $15,924,574 · program services $15,742,811 · management and general $104,656 · fundraising $77,107

  • 12 · Advertising and promotion

    total $16,258,497 · program services $16,258,497

  • 13 · Office expenses

    total $795,498 · program services $793,783 · management and general $1,715

  • 14 · Information technology

    total $2,740,909 · program services $2,646,215 · management and general $94,694

  • 16 · Occupancy

    total $164,488 · program services $164,488

  • 17 · Travel

    total $1,173,459 · program services $1,173,459

  • 19 · Conferences, conventions and meetings

    total $824,297 · program services $824,297

  • 22 · Depreciation, depletion and amortization

    total $24,328 · program services $24,328

  • 23 · Insurance

    total $137,361 · program services $13,245 · management and general $124,116

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $24,014 · program services $23,688 · management and general $326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $735,553 · end of year $718,077

  • 2 · Savings and temporary cash investments

    beginning of year $130,159,787 · end of year $138,080,674

  • 3 · Pledges and grants receivable

    beginning of year $35,033,500 · end of year $27,709,716

  • 4 · Accounts receivable

    beginning of year $370,655 · end of year $453,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $601,590 · end of year $337,975

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

    $146,744

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

    $72,521

  • 10c · Land, buildings and equipment, net

    beginning of year $87,651 · end of year $74,223

  • 13 · Investments: program-related

    beginning of year $3,451,936 · end of year $5,514,498

  • 15 · Other assets

    beginning of year $44,748 · end of year $38,270

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,176,706 · end of year $6,049,384

  • 18 · Grants payable

    beginning of year $9,796,193 · end of year $1,987,311

  • 25 · Other liabilities

    beginning of year $44,189 · end of year $26,449

  • 27 · Net assets without donor restrictions

    beginning of year $11,007,728 · end of year $16,839,879

  • 28 · Net assets with donor restrictions

    beginning of year $142,460,604 · end of year $148,024,256

Mission and programs · 2024

Mission

THE HOPEWELL FUND IS A 501(C)(3) NONPROFIT THAT USES FISCAL SPONSORSHIP AND CHARITABLE GRANT-MAKING TO SUPPORT DOMESTIC AND INTERNATIONAL INITIATIVES AIMED AT ADVANCING PUBLIC GOOD AND ACHIEVING EQUITY FOR ALL PEOPLE.

Activities or mission (Part I)

THE HOPEWELL FUND HELPS SOCIAL ENTREPRENEURS AND OTHER CHANGEMAKERS LAUNCH NEW, (CONT. SCHEDULE O) INNOVATIVE SOCIAL CHANGE PROJECTS, PRIMARILY THROUGH FISCAL SPONSORSHIP. HOPEWELL IS DESIGNED TO FACILITATE RAPID AND EFFICIENT LAUNCHES OF WELL-RESOURCED PROJECTS WITH DIVERSE REVENUE & FUNDING MODELS, INCLUDING CHARITABLE CONTRIBUTIONS AND INVESTMENTS. MANY OF HOPEWELL'S PROJECTS EMPLOY BOLD AND AMBITIOUS STRATEGIES TO ACHIEVE THE IMPACT THEY SEEK. HOPEWELL IS MANAGED BY A BOARD OF DIRECTORS WITH EXPERIENCE IN STARTING UP INNOVATIVE ORGANIZATIONS.

  • CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY: HOPEWELL'S PORTFOLIO OF CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY FOCUS AREAS INCLUDE ADDRESSING INCOME INEQUALITY, IMPROVING CIVIC ENGAGEMENT AMONG TRADITIONALLY UNDERREPRESENTED GROUPS, AND ADVANCING STATE LEVEL ECONOMIC AND DEMOCRACY REFORMS.

    Expenses $145,962,237 · Grants $91,198,026 · Revenue $346,500

  • HEALTH: HOPEWELL'S PORTFOLIO OF HEALTH FOCUS AREAS INCLUDES WOMEN'S HEALTH, HEALTHCARE ACCESS, AND REDUCING HEALTH DISPARITIES AND AVOIDABLE INFANT MORTALITY.

    Expenses $26,990,405 · Grants $18,352,259 · Revenue $32,477

  • YOUTH DEVELOPMENT AND EDUCATION: HOPEWELL'S PORTFOLIO OF YOUTH DEVELOPMENT AND EDUCATION AREAS SUPPORT THE DEVELOPMENT AND IMPROVEMENT OF EDUCATION IN THE U.S.

    Expenses $5,820,114 · Grants $2,504,575

  • OTHER PROGRAM SERVICES INCLUDES: INTERNATIONAL DEVELOPMENT & FOREIGN AFFAIRS; AND TECHNOLOGY & INNOVATION.

    Expenses $7,369,801 · Grants $2,111,540 · Revenue $185,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • COURTNEY CUFF

    PROJECT DIRECTOR

    Total calculated
    $410,891
    From this org
    $359,880
    From related orgs
    $0
    Other
    $51,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,917
    Bonus
    $0
    Other
    $72,963
    Deferred
    $17,790
    Nontaxable benefits
    $33,221
    Filer's total
    $410,891

  • SHARONA ROTH

    PROJECT DIRECTOR

    Total calculated
    $388,096
    From this org
    $340,974
    From related orgs
    $0
    Other
    $47,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,146
    Bonus
    $35,581
    Other
    $1,247
    Deferred
    $17,915
    Nontaxable benefits
    $29,207
    Filer's total
    $388,096

  • MEAGAN CAVANAUGH

    PROJECT DIRECTOR

    Total calculated
    $299,453
    From this org
    $254,949
    From related orgs
    $0
    Other
    $44,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,449
    Bonus
    $1,500
    Other
    $0
    Deferred
    $15,297
    Nontaxable benefits
    $29,207
    Filer's total
    $299,453

  • SARAH PRAY

    PROJECT DIRECTOR

    Total calculated
    $298,618
    From this org
    $263,204
    From related orgs
    $0
    Other
    $35,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,125
    Bonus
    $37,079
    Other
    $0
    Deferred
    $16,640
    Nontaxable benefits
    $18,774
    Filer's total
    $298,618

  • MELANIE GELLING ZUREK

    PROJECT DIRECTOR

    Total calculated
    $294,426
    From this org
    $250,207
    From related orgs
    $0
    Other
    $44,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,207
    Bonus
    $0
    Other
    $0
    Deferred
    $15,012
    Nontaxable benefits
    $29,207
    Filer's total
    $294,426

  • ANDREW SCHULZ

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • LEE BODNER

    BOARD CHAIR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHERYL CONTEE

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARISSA PADILLA

    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. 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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PROVIDES $75 PER MONTH FOR FITNESS RELATED COSTS, WHICH MAY INCLUDE CLUB FEES. THE AMOUNTS WERE CONSIDERED TAXABLE COMPENSATION TO THE EMPLOYEES.
PART I, LINE 3
HOPEWELL FUND DOES NOT HAVE A CEO/EXECUTIVE DIRECTOR.
PART I, LINE 4A
DURING THE 2024 CALENDAR YEAR, COURTNEY CUFF RECEIVED A TAXABLE SEVERANCE OF $13,333.
PART I, LINE 7
THE ORGANIZATION PROVIDED BONUSES TO CERTAIN EMPLOYEES, WHICH WOULD BE CONSIDERED A "NON-FIXED PAYMENT". BONUSES PAID BY THE ORGANIZATION ARE (IN GENERAL) NOT SPECIFIED BY A FIXED FORMULA IN EMPLOYMENT CONTRACTS AND DETERMINED (IN PART) WITH DISCRETION IN DETERMINING THE AMOUNT OF BONUS OR WHETHER TO MAKE A BONUS PAYMENT.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202543159349305889

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

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