New Foundation Of Hope

Organization Overview

New Foundation Of Hope is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, New Foundation Of Hope employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Foundation Of 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, New Foundation Of Hope generated $749.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $751.0k during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PROGRAM ACTIVITIES OF THE NEW FOUNDATION OF HOPE ARE FOLLOWS BUT NOT LIMITED TO AFTER SCHOOL SUMMER CAMP, MENTORSHIP PROGRAM, FOOD DISTRIBUTION HOLIDAY EVENT FOR CHILDREN, DANCE CHOREOGRAPHY CLASSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFTER SCHOOL AND SUMMER EDUCATIONAL ENRICHMENT PROGRAMS INCLUDE MENTORING AND COMPUET SKILLS


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Board, Officers & Key Employees

Name (title)Compensation
Ron Mason
Exec Director
$0
DE One Johnson
Asst. Dircector
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $171,595
All other contributions, gifts, grants, and similar amounts not included above$58,694
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$230,289
Total Program Service Revenue$519,000
Investment income $0
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 $749,289

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