Education And Hope
- Assets
- $1.1m
- Revenue
- $648.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Norwalk, CT
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 06-1532033
Organization Overview
Education And Hope is located in Norwalk, CT. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Education And Hope employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education And Hope 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 12/2023, Education And Hope generated $648.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $849.8k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND HOPE IS A NON-PROFIT ORGANIZATION EMPOWERING CHANGE THROUGH EDUCATION AND WELLNESS IN THE WESTERN HIGHLANDS OF GUATEMALA. FOUNDED ON THE BELIEF THAT EDUCATION IS A FUNDAMENTAL HUMAN RIGHT AND THAT ALL THE WORLD'S CHILDREN DESERVE TO BE EDUCATED, WE STRONGLY BELIEVE THAT EDUCATION IS THE MOST EFFECTIVE AGENT TO BREAK THE CYCLE OF POVERTY. OUR APPROACH IS HOLISTIC, AND OUR WORK FOCUSES ON STRENGTHENING ACADEMIC ACHIEVEMENT, PHYSICAL AND EMOTIONAL DEVELOPMENT, AND DEVELOPING CORE LIFE SKILLS. OUR PROGRAM CONSISTS OF TWO PRIMARY COMPONENTS: COMPREHENSIVE SCHOLARSHIPS COVERING THE COSTS INVOLVED IN EDUCATING EACH STUDENT; AND AN AFTER-SCHOOL ENRICHMENT CENTER PROVIDING TUTORING, NUTRITIOUS MEALS, SHOWERS, MEDICAL ATTENTION, AND MENTAL HEALTH COUNSELING IN A FAMILY-CENTERED ENVIRONMENT FILLED WITH LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE ACCESS TO EDUCATION FOR 180 CHILDREN AND YOUNG ADULTS IN THE WESTERN HIGHLANDS CITY OF QUETZALTENANGO, GUATEMALA, BY PROVIDING THEM WITH MONTHLY SCHOLARSHIPS, AS WELL AS BY OFFERING REINFORCEMENT FOR 125 STUDENTS THROUGH AN ACADEMIC ENRICHMENT PROGRAM. DIRECTLY AFTER THE SCHOOL DAY ENDS, TUTORING IS OFFERED ALONG WITH TWO NUTRITIOUS MEALS, ACCESS TO HOT SHOWERS, AND MEDICAL ATTENTION
CASA ESPERANZA IS A HOUSING ASSISTANCE PROGRAM THAT OFFERS SMALL HOME IMPROVEMENT GRANTS TO SINGLE MONTHERS, ENABLING THEM TO MAKE THE NECESSARY REPAIRS TO KEEP THEIR HOMES SAFE TO LIVE IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Laney Secretary | OfficerTrustee | 5 | $0 |
Ana Blaze Vice-President | OfficerTrustee | 5 | $0 |
Beth Iovinelli Director | Trustee | 1 | $0 |
Brian Ramsay Director | Trustee | 1 | $0 |
Graham Foster Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Tarleton Director | Trustee | 1 | $0 |
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 | $639,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,840 |
| Total Program Service Revenue | $0 |
| Investment income | $8,602 |
| 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 | $648,442 |
| 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 | $175,656 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $99,820 |
| Other salaries and wages | $333,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,472 |
| Payroll taxes | $10,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172 |
| Advertising and promotion | $0 |
| Office expenses | $22,406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,308 |
| Travel | $28,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,467 |
| Insurance | $2,547 |
| All other expenses | $1,338 |
| Total functional expenses | $849,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,934 |
| Savings and temporary cash investments | $143,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $40,170 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,265 |
| Net Land, buildings, and equipment | $596,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,820 |
| Total assets | $1,083,241 |
| Accounts payable and accrued expenses | $2,124 |
| Grants payable | $0 |
| Deferred revenue | $6,160 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,780 |
| Total liabilities | $37,064 |
| Net assets without donor restrictions | $1,046,177 |
| Net assets with donor restrictions | $0 |
| 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 | $1,083,241 |