Hopewell Inc
- Assets
- $14.9m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 176
- Location
- Dedham, MA
- Founding
- 04/1968
- Data as of
- 06/2022
- EIN
- 04-2438910
Organization Overview
Hopewell Inc is located in Dedham, MA. The organization was established in 1968. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Hopewell Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopewell Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Hopewell Inc generated $21.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $22.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOSTER CARE, RESIDENTIAL, EDUCATIONAL AND COUNSELING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER CARE SERVICES: INTENSIVE FOSTER CARE SERVICES PROVIDING PRIVATE PLACEMENT IN INDIVIDUAL HOMES FOR 502 YOUTH AND ADULT MR CLIENTS.
RESIDENTIAL SERVICES - PROVIDED SUPERVISED LIVING QUARTERS FOR 62 FORMER FOSTER CARE CLIENTS TRANSITIONING TO INDEPENDENCE, AND MR CLIENTS.
COUNSELING SERVICES - PROVIDED COUNSELING SERVICES FOR 363 AT RISK YOUTH AND FAMILIES AND PARENTING MR MOTHERS.
RISE PROGRAM - HOPEWELL IS DEVELOPING A REVOLUTIONARY PROGRAM TO SHRINK ONE OF THE LARGEST UNADDRESSED ACADEMIC GAPS IN U.S. EDUCATION: THE UNDEREDUCATION OF YOUTH IN FOSTER CARE. OUR NATION'S MOST EDUCATIONALLY VULNERABLE POPULATION ARE YOUTH IN AND EXITING THE FOSTER CARE SYSTEM. HOPEWELL'S RISE PROGRAM WILL PROVIDE HIGH IMPACT, INTENSIVE, LONG-TERM, ONE-ON-ONE TUTORING AND EDUCATIONAL SUPPORTS THAT FOLLOW YOUTH AS THEY MOVE, DELIVERED THROUGH A NOVEL PROGRAM FOCUSING ON A YOUTH'S SOCIAL, EMOTIONAL, AND COGNITIVE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaheer Mustafa President/ceo | OfficerTrustee | 35 | $272,538 |
Harry Bedig VP Of Finance | Officer | 35 | $168,405 |
Leah Moody Chief Human Resources Officer | 35 | $166,233 | |
Amy Schneider VP Prog. Impact & Strategy | 35 | $145,143 | |
Pamela Camara VP Child & Family Programs | 35 | $141,886 | |
Lisa Rowan-Gillis Chief Development Officer | 35 | $130,099 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jake Nelly & Associates Temporary Staffing | 6/29/22 | $610,104 |
The Amaral Group Llc Computer/it Support | 6/29/22 | $159,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $674,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,598 |
| Total Program Service Revenue | $20,454,834 |
| Investment income | $2,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,131,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $549,905 |
| Compensation of current officers, directors, key employees. | $549,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,911,778 |
| Pension plan accruals and contributions | $299,088 |
| Other employee benefits | $1,613,260 |
| Payroll taxes | $699,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $54,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,971 |
| Fees for services: Other | $1,215,792 |
| Advertising and promotion | $125,443 |
| Office expenses | $268,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,352,181 |
| Travel | $189,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,543 |
| Insurance | $378,421 |
| All other expenses | $211,374 |
| Total functional expenses | $22,139,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,862,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,607,205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $361,641 |
| Net Land, buildings, and equipment | $777,518 |
| Investments—publicly traded securities | $8,302,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,910,538 |
| Accounts payable and accrued expenses | $1,374,765 |
| Grants payable | $0 |
| Deferred revenue | $77,445 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $181,306 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $608,994 |
| Total liabilities | $2,242,510 |
| Net assets without donor restrictions | $12,450,412 |
| Net assets with donor restrictions | $217,616 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,910,538 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Hopewell Inc has recieved totaling $347,833.
| Awarding Organization | Amount |
|---|---|
Liberty Mutual Foundation Inc Boston, MA PURPOSE: MY FIRST PLACE | $100,000 |
Mabel Louise Riley Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING | $50,000 |
Cabot Family Charitable Tr Boston, MA PURPOSE: EXEMPT PURPOSES | $35,000 |
George Harrington Trust Uw Boston, MA PURPOSE: GENERAL PURPOSE | $35,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: YOUTH ROADMAP TOOL | $35,000 |
Arthur F Blanchard F Tr U Agree Pittsburgh, PA PURPOSE: GENERAL OPERATING | $25,000 |
Endowment Analysis
| Beg. Balance | $2,109,725 |
| Earnings | -$42,895 |
| Ending Balance | $2,066,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forestdale Inc Forest Hills, NY | $34,766,990 | $33,843,723 |
New Alternatives For Children Inc New York, NY | $14,403,157 | $29,422,220 |
Hopewell Inc Dedham, MA | $14,910,538 | $21,131,703 |
Alliance Human Services Inc Southborough, MA | $2,629,304 | $7,759,450 |
Mountain Lake Childrens Residence Inc Lake Placid, NY | $5,650,108 | $7,132,040 |
Committee For The Rescue Of Israels Babies Brooklyn, NY | $2,967,853 | $2,897,499 |
Wide Horizons For Children Inc Waltham, MA | $4,781,340 | $4,263,736 |
Saint John Bosco Child & Family Services Wallkill, NY | $836,791 | $1,356,019 |
Parental Loving Care Inc Staten Island, NY | $1,167,127 | $1,150,468 |
Fostering Change For Children Ltd Rocky Point, NY | $393,096 | $946,985 |
The Treehouse Foundation Inc Easthampton, MA | $3,750,339 | $804,112 |
Jack & Marci Williams Endowment For Wednesdays Child Inc Weston, MA | $3,056,074 | $245,951 |