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 12/2022, New Foundation Of Hope employed 2 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 12/2022, New Foundation Of Hope generated $790.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $778.8k during the year ending 12/2022. While expenses have increased by 16.6% 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

2022

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 $98,956
All other contributions, gifts, grants, and similar amounts not included above$691,970
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$790,926
Total Program Service Revenue$0
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 $790,926

Grants Recieved

Over the last fiscal year, we have identified 14 grants that New Foundation Of Hope has recieved totaling $108,884.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$35,750
Putnam Family Foundation

Naples, FL

PURPOSE: GENERAL OPERATING FUNDS

$30,000
Gallagher Family Foundation

Chicago, IL

PURPOSE: MEDICAL CARE

$15,000
Morningstar Foundation

Skokie, IL

PURPOSE: GRANTS FOR STUDENT/FAMILY SUPPORT

$7,000
J M Kaplan Fund Inc

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$5,000
Good Heart Work Smart Foundation

Oak Park, IL

PURPOSE: EXEMPT PURPOSE OF ORGANIZATION

$4,000
View Grant Recipient Profile

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