Hypertherm Hope Foundation

Organization Overview

Hypertherm Hope Foundation is located in Hanover, NH. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hypertherm Hope Foundation 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, Hypertherm Hope Foundation generated $823.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $824.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Hypertherm Hope Foundation has awarded 285 individual grants totaling $5,256,354. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PARTNER WITH NON-PROFIT ORGANIZATIONS AND ENGAGE IN ACTIVITIES THAT STRENGTHEN AND CREATE SUSTAINABLE, POSITIVE CHANGE IN THE COMMUNITY AND ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS FISCAL YEAR, THE HOPE FOUNDATION PARTNERED WITH 113 NONPROFIT ORGANIZATIONS TO STRENGTHEN AND CREATE SUSTAINABLE, POSITIVE CHANGE IN THE COMMUNITY AND ENVIRONMENT. GRANT INVESTMENTS FALL WITHIN A SET OF CORE IMPACT AREAS THAT ALIGN THE GREATEST NEEDS IN THE COMMUNITY. THE IDENTIFIED IMPACT AREAS ARE: EDUCATION, EARLY CHILDHOOD DEVELOPMENT, HEALTH AND WELLNESS, FOOD AND SHELTER, ENVIRONMENT AND TRANSPORTATION, UNITED WAY MATCH, AND DISASTER RELIEF.THE ORGANIZATION CREATED A SPECIAL FOCUS WITHIN OUR EDUCATION IMPACT AREA WITH THE GOAL TO EXPOSE, EXCITE, AND ENGAGE YOUTH TO THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) FIELDS. THIS IS AN AREA THAT POSES A SIGNIFICANT OPPORTUNITY IN OUR REGION.GREEN GRANTS FROM THE HOPE FOUNDATION ARE AVAILABLE TO SUPPORT OUR NONPROFIT PARTNER ORGANIZATIONS IN AN AREA THAT IS LIKELY SECONDARY TO THEIR MISSION. WE SEEK TO SUPPORT PROJECTS THAT REDUCE THE ENVIRONMENTAL IMPACTS OF LOCAL NONPROFITS. GREEN GRANTS WILL FUND PROJECTS THAT TANGIBLY REDUCE THE CARBON EMISSIONS OF OUR PARTNERS.STEM GRANT EXAMPLES:WE WERE ABLE TO INITIATE A MULTI-YEAR GRANT TO FUND THE SCHOOL PARTNERSHIP PROGRAM FROM THE MONTSHIRE MUSEUM OF SCIENCE. THE PROGRAM IS DEDICATED TO ENRICHING AND CONNECTING ELEMENTARY SCHOOL TEACHERS IN RURAL SCHOOL DISTRICTS TO IMPROVE INQUIRY BASED LEARNING SKILLS.WE HAVE FUNDED MANY ROBOTICS AND LEGO LEAGUE TEAMS FOR CHILDREN OF ALL AGES.


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Board, Officers & Key Employees

Name (title)Compensation
Jack Lee
Treasurer
$0
John H Vogel Jr
Secretary
$0
Jenny Levy Started Jan 2021
President
$0
Clay Adams
Director
$0
Barbara Couchthru June 2021
Director
$0
Julia Griffin
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,100
Related organizations$566,700
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$246,625
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$814,425
Total Program Service Revenue$0
Investment income $2,586
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $716
Net Income from Fundraising Events $6,024
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $823,751

Grants Awarded

Over the last fiscal year, Hypertherm Hope Foundation has awarded $619,735 in support to 26 organizations.

Grant RecipientAmount

GRANITE UNITED WAY

Org PageRecipient Profile

Manchester, NH

PURPOSE: ASSOCIATE CONTRIBUTIONS, CORPORATE MATCH, AND ASSOCIATE PAYROLL DEDUCTIONS TO BE USED IN ACCORDANCE WITH THE GRANITE STATE UNITED WAY MISSION

$200,415

DARTMOUTH-HITCHCOCK FRIENDS OF NCCC

Org PageRecipient Profile

Lebanon, NH

PURPOSE: CHAD AND PROUTY

$75,000

UPPER VALLEY HAVEN INC

Org PageRecipient Profile

White River Junction, VT

PURPOSE: OPERATING SUPPORT & MOMS IN RECOVERY

$34,167

COVER HOME REPAIR

Org PageRecipient Profile

White River Junction, VT

PURPOSE: OPERATING BUDGET

$30,000

MONTSHIRE MUSEUM OF SCIENCE

PURPOSE: SCHOOL PARTNERSHIP INITIATIVE

$30,000

FAMILIES FLOURISH NORTHEAST INC

Org PageRecipient Profile

Enfield Center, NH

PURPOSE: BRIDGING THE GAP: LONG-TERM RESIDENTIAL SUD TREATMENT SERVICES FOR PREGNANT AND PARENTING WOMEN

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hypertherm Hope Foundation has recieved totaling $415.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$415
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$112,242
Earnings-$11,823
Ending Balance$100,419

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