Hope Program Inc
- Assets
- $6.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 263
- Location
- Brooklyn, NY
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 13-3268539
Organization Overview
Hope Program Inc is located in Brooklyn, NY. The organization was established in 1985. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Hope Program Inc employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Program 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, Hope Program Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $8.4m during the year ending 06/2022. While expenses have increased by 17.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERS NEW YORKERS TO BUILD SUSTAINABLE FUTURES THROUGH TRAINING, JOBS & ADVANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPREHENSIVE TRAINING: HOPE EMPOWERS NEW YORKERS TO BUILD SUSTAINABLE CAREERS, WITH A FOCUS ON INDIVIDUALS FACING SIGNIFICANT BARRIERS TO EMPLOYMENT INCLUDING HISTORIES OF CRIMINAL LEGAL SYSTEM INVOLVEMENT, SUBSTANCE ABUSE, HOMELESSNESS, LOW EDUCATIONAL ATTAINMENT AND OTHERS. HOPE OFFERS GENERAL CAREER READINESS PROGRAMMING AS WELL AS SECTOR-BASED TRAINING FOR GROWING INDUSTRIES, WITH EMPHASIS ON ENVIRONMENTAL CAREERS, SUCH AS ENERGY EFFICIENT BUILDING SYSTEMS, HORTICULTURE, SOLAR, AND RELATED. ACROSS ALL PROGRAMS, HOPE PROVIDES A COMPREHENSIVE APPROACH, INCLUDING ESSENTIAL SKILLS DEVELOPMENT, RESUME-WRITING AND INTERVIEW SKILLS TRAINING, INDUSTRY-RECOGNIZED CREDENTIALS, WELLNESS AND CASE MANAGEMENT, DIGITAL UPSKILLING AND ACCESS TO DIGITAL EQUIPMENT, DAILY MEALS AND MORE. HOPE JOB SEEKERS ALSO PARTICIPATE IN PAID WORK EXPERIENCE TO FURTHER HONE THEIR CAREER READINESS.
EMPLOYER PARTNERSHIP AND JOB PLACEMENT: HOPE ENGAGES A ROBUST NETWORK OF EMPLOYER PARTNERS ACROSS THE INDUSTRIES FOR WHICH PARTICIPANTS ARE TRAINED AND ARE SEEKING EMPLOYMENT. JOB PLACEMENTS ARE MADE THROUGH ONE-ON-ONE MATCHES BETWEEN GRADUATES AND EMPLOYERS; INTERVIEW EVENTS; AND ONGOING SUPPORT TO GRADUATES IN INDEPENDENT JOB SEARCH.
CAREER ADVANCEMENT AND LIFELONG CAREER SUPPORT: EMPLOYED GRADUATES RECEIVE A YEAR OF STRUCTURED FOLLOW-UP, INCLUDING INCENTIVES FOR ACHIEVING SPECIFIC JOB RETENTION MILESTONES, SUPPORT IN NAVIGATING WORKPLACE CHALLENGES, REPLACEMENT SUPPORT OF NECESSARY, AND COACHING TO SUPPORT CAREER ADVANCEMENT. HOPE FOLLOWS ITS MOTTO: "WHEN YOU'RE HOPE, YOU'RE HOPE FOR LIFE," PROVIDING ONGOING SUPPORT AT ANY STAGE OF THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdallah Simaika Director | Trustee | 3 | $0 |
Alix Oliver Director | Trustee | 3 | $0 |
Anthony Lennon Director | Trustee | 3 | $0 |
Augusta Humphreys Director | Trustee | 3 | $0 |
Calvin Liou Director (outgoing) | Trustee | 3 | $0 |
Christina Horner Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $425,993 |
| Related organizations | $0 |
| Government grants | $4,193,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,387,134 |
| Noncash contributions included in lines 1a–1f | $17,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,006,464 |
| Total Program Service Revenue | $0 |
| Investment income | $53,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,711 |
| Net Income from Fundraising Events | -$28,714 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,282,136 |
| 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. | $563,110 |
| Compensation of current officers, directors, key employees. | $295,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,471,974 |
| Pension plan accruals and contributions | $52,464 |
| Other employee benefits | $348,359 |
| Payroll taxes | $425,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,401 |
| Fees for services: Lobbying | $105,127 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $352,565 |
| Advertising and promotion | $0 |
| Office expenses | $219,127 |
| Information technology | $63,881 |
| Royalties | $0 |
| Occupancy | $492,177 |
| Travel | $73,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,896 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,302 |
| Insurance | $181,009 |
| All other expenses | $55,221 |
| Total functional expenses | $8,352,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,812 |
| Savings and temporary cash investments | $557,908 |
| Pledges and grants receivable | $3,858,285 |
| Accounts receivable, net | $0 |
| 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 | $53,668 |
| Net Land, buildings, and equipment | $90,611 |
| Investments—publicly traded securities | $1,453,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,486 |
| Total assets | $6,099,064 |
| Accounts payable and accrued expenses | $471,227 |
| Grants payable | $0 |
| Deferred revenue | $52,795 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $824,022 |
| Net assets without donor restrictions | $4,414,848 |
| Net assets with donor restrictions | $860,194 |
| 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 | $6,099,064 |