Hypertherm Hope Foundation Inc
- Assets
- $426.8k
- Revenue
- $947.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, NH
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 27-0646326
Organization Overview
Hypertherm Hope Foundation Inc 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 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 12/2023, Hypertherm Hope Foundation Inc generated $947.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $867.9k during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 9 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.
Since 2015, Hypertherm Hope Foundation Inc has awarded 331 individual grants totaling $6,182,632. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 137 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) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Levy President | OfficerTrustee | 1 | $0 |
Jack Lee Treasurer | OfficerTrustee | 1 | $0 |
John H Vogel Jr Secretary | OfficerTrustee | 1 | $0 |
Clay Adams Director | Trustee | 1 | $0 |
Gail Gentes Director | Trustee | 1 | $0 |
Julia Griffin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,475 |
| Related organizations | $599,668 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $335,238 |
| Noncash contributions included in lines 1a–1f | $10,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $942,381 |
| Total Program Service Revenue | $0 |
| Investment income | $5,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$211 |
| Net Income from Fundraising Events | -$550 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $947,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $861,065 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $405 |
| Total functional expenses | $867,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,774 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $85,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $426,768 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $285,132 |
| Net assets with donor restrictions | $141,636 |
| 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 | $426,768 |
Grants Awarded
Over the last fiscal year, Hypertherm Hope Foundation Inc has awarded $645,333 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
GRANITE UNITED WAY PURPOSE: SEE PART IV | $204,767 |
UPPER VALLEY HAVEN PURPOSE: SEE PART IV | $34,167 |
MONTSHIRE MUSEUM OF SCIENCE PURPOSE: SEE PART IV | $30,000 |
COVER HOME REPAIR INC PURPOSE: SEE PART IV | $30,000 |
CHILDREN'S HOSPITAL AT DARTMOUTH (CHAD) PURPOSE: SEE PART IV | $50,000 |
VITAL COMMUNITIES PURPOSE: SEE PART IV | $21,667 |