Hopeworks N Camden Inc
- Assets
- $5.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 144
- Location
- Camden, NJ
- Founding
- 11/1999
- Data as of
- 06/2022
- EIN
- 31-1660671
Organization Overview
Hopeworks N Camden Inc is located in Camden, NJ. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Hopeworks N Camden Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeworks N Camden 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, Hopeworks N Camden Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 20.6% 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
HOPEWORKS FOCUSES ON EDUCATION, TECHNOLOGY, AND ENTREPRENEURSHIP TO PROVIDE A POSITIVE, HEALING ATMOSPHERE THAT PROPELS YOUNG PEOPLE TO BUILD STRONG FUTURES AND BREAK THE CYCLE OF VIOLENCE AND POVERTY IN CAMDEN, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH A FOCUS ON EDUCATION, TECHNOLOGY, AND ENTREPRENEURSHIP, HOPEWORKS PROVIDES A POSITIVE, HEALING ATMOSPHERE THAT PROPELS YOUNG PEOPLE TO BUILD STRONG FUTURES AND BREAK THE CYCLE OF VIOLENCE AND POVERTY IN CAMDEN, NEW JERSEY. WE CONNECT YOUTH TO LIFE-CHANGING OPPORTUNITIES WHERE THEIR GROWING TECHNOLOGY SKILLS GO TO WORK FOR ENTERPRISING BUSINESSES WITHIN OUR COMMUNITY. THE REAL-WORLD, ON-THE-JOB EXPERIENCE THEY GAIN RAISES THEIR POTENTIAL AND BENEFITS OUR PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Rhoton Executive Director | Officer | 40 | $143,000 |
Mark Sarvary President | OfficerTrustee | 5 | $0 |
Christina Mattison Vice-President | OfficerTrustee | 5 | $0 |
Ashok Madhavan Treasurer | OfficerTrustee | 5 | $0 |
Josh Angotti Board Member | Trustee | 5 | $0 |
Caloua Lowe-Gonzalez Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,914,716 |
| Noncash contributions included in lines 1a–1f | $165,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,914,716 |
| Total Program Service Revenue | $541,111 |
| Investment income | $231,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,728,414 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,647,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $256,344 |
| Payroll taxes | $315,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,377 |
| Fees for services: Other | $47,304 |
| Advertising and promotion | $116,743 |
| Office expenses | $31,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,479 |
| Travel | $11,801 |
| 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 | $46,183 |
| Insurance | $16,670 |
| All other expenses | $113,250 |
| Total functional expenses | $5,089,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,318 |
| Savings and temporary cash investments | $26,917 |
| Pledges and grants receivable | $1,258,837 |
| Accounts receivable, net | $66,947 |
| 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 | $15,807 |
| Net Land, buildings, and equipment | $591,101 |
| Investments—publicly traded securities | $3,446,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,037 |
| Total assets | $5,551,840 |
| Accounts payable and accrued expenses | $156,210 |
| 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 | $488,187 |
| Other liabilities | $0 |
| Total liabilities | $644,397 |
| Net assets without donor restrictions | $3,383,157 |
| Net assets with donor restrictions | $1,524,286 |
| 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 | $5,551,840 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopeworks N Camden Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Byrd-Borland Foundation Philadelphia, PA PURPOSE: FURTHERANCE OF DONEE MISSION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |