Totals
- Total revenue
- $637,144
- Total expenses
- $712,253
- Contributions and grants received
- $154,370
- Grants paid
- $219,386
- Program service revenue
- $8,376
- Investment income
- $474,398
- Other revenue
- $0
- Total assets, end of year
- $3,743,286
- Total liabilities, end of year
- $313
- Net assets or fund balances, end of year
- $3,742,973
- Program services expenses (Part IX)
- $711,053
- Management and general expenses
- $1,200
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $711,053
Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
WILLIAM BYNUM
CHAIRPERSON
- Total calculated
- $630,801
- From this org
- $359
- From related orgs
- $396,471
- Other
- $233,971
- Hours/week
- 0.04 + 29.52 related
Schedule J breakdown matched by us
- Base
- $239 + $304,187 related
- Bonus
- $117 + $89,895 related
- Other
- $3 + $2,389 related
- Deferred
- $10 + $225,517 related
- Nontaxable benefits
- $11 + $8,433 related
- Filer's total
- $380 + $630,421 related
-
ALAN BRANSON
SECRETARY - THRU 5/2022
- Total calculated
- $128,295
- From this org
- $148
- From related orgs
- $112,685
- Other
- $15,462
- Hours/week
- 0.06 + 21.08 related
-
CASSANDRA WILLIAMS
BOARD MEMBER
- Total calculated
- $31,791
- From this org
- $0
- From related orgs
- $26,900
- Other
- $4,891
- Hours/week
- 0 + 7.31 related
-
RONNIE CRUDUP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.08 + 0.04 related
-
PHIL EIDE
BOARD MEMBER-TOP FINANCIAL OFFICER
- Total calculated
- $114,088
- From this org
- $12,220
- From related orgs
- $82,913
- Other
- $18,955
- Hours/week
- 5.8 + 27.5 related
-
HERSCHELL HAMILTON
BOARD MEMBER - AS OF 5/2022
- Total calculated
- $0
- Hours/week
- 0.08 + 0.04 related
-
DAVID JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.08
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE RELATED ORGANIZATION'S SALARY ADMINISTRATION PROCESS IS OUTSOURCED TO GALLAGHER CONSULTING FIRM. THE RELATED ORGANIZATION WENT THROUGH A SALARY ANALYSIS WITH GALLAGHER CONSULTING FIRM IN 2018 WHERE THE CURRENT SALARY STRUCTURE AND GRADES WERE SET UP FOR ALL ROLES. IN JUNE OF 2021 THE PAY STRUCTURE WAS UPDATED TO REFLECT CURRENT DATA. THE NEXT STRUCTURE REVIEW IS SCHEDULED FOR FALL 2023. THE FOLLOWING SOURCES WERE USED AND ARE AGED TO OUR STRUCTURE: AMERICAN BANKERS ASSOCIATION 2021. DATA EFFECTIVE DATE IS DECEMBER 31, 2020; COMPANALYST, JOB ANALYZER (CA) 2022. THE DATABASE HAS COMPENSATION DATA ON MORE THAN 20 MILLION EMPLOYEES AND 1,500 UNIQUE JOB TITLES; COMPDATA BENCHMARK SURVEYS 2021 E DATA EFFECTIVE DATE IS OCTOBER 2021; CREDIT UNION NATIONAL ASSOCIATION (CUNA) STAFF SALARY REPORT 2021 DATA EFFECTIVE DATE IS APRIL 2021; ECONOMIC RESEARCH INSTITUTE (ERI) 2022 A NATIONAL COMPENSATION SUBSCRIPTION DATABASE; THE SALARY ASSESSOR DATABASE; MERCER BENCHMARK REPORT 2021. DATA EFFECTIVE DATE IS MARCH 2021; WILLIS TOWERS WATSON SALARY SURVEY 2021. USING THE SOURCES ABOVE EACH EXECUTIVE LEVEL JOB WAS COMPARED BASED ON THE FOLLOWING CRITERIA: JOB GROUP - ALL HOPE EXECUTIVE VICE PRESIDENT ROLES AND CREDIT UNIONS AND CDFI'S. INDUSTRIES/BUSINESS SECTOR - NONPROFITS, CREDIT UNIONS, CDFI'S. GEOGRAPHICAL REGION - NATIONAL. SIZE OF BUDGET, SCOPE, STAFF, SIZE - $500 MILLION IN ASSETS AND APPROXIMATELY 250 EMPLOYEES. MARKET POSITIONING - MEDIAN (50TH PERCENTILE).
- PART I, LINE 4B
- HOPE ENTERPRISE CORPORATION (HOPE) WILL SET ASIDE AN AMOUNT EQUAL TO $20,000, AND AN ADDITIONAL $20,000 ON JANUARY 1 OF EACH SUBSEQUENT YEAR FOR A TOTAL OF $100,000 UNDER A 457(F) PLAN FOR THE CEO.
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.
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.
-
501(C)(3) · PROVIDE FINANCIAL SERVICES TO ECONOMICALLY DISTRESSED AREAS · MS
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · RESIDENTIAL RENTALS · MS · 47.68% owned · share of income $828,926 · share of assets $1,728,843
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
-
N/A · COMMUNITY/BUS. DEVELOPMENT · MS
Directly controlled by HOPE ENTERPRISE CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349316504
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.