Hopeworks N Camden Inc
- Assets
- $7.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 198
- Location
- Camden, NJ
- Founding
- 11/1999
- Data as of
- 06/2023
- 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 06/2023, Hopeworks N Camden Inc employed 198 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 06/2023, Hopeworks N Camden Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 23.5% 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
2023
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 |
|---|---|---|---|
Mark Sarvary President | OfficerTrustee | 5 | $0 |
Christina Mattison Vice-President | OfficerTrustee | 5 | $0 |
Ashok Madhavan Treasurer | OfficerTrustee | 5 | $0 |
Caloua Lowe-Gonzalez Board Member | Trustee | 5 | $0 |
Rick Myers Board Member | Trustee | 5 | $0 |
Don Shields 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 | $5,854,762 |
| Noncash contributions included in lines 1a–1f | $167,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,854,762 |
| Total Program Service Revenue | $677,788 |
| Investment income | $56,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,552 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,652,989 |
| 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. | $169,308 |
| Compensation of current officers, directors, key employees. | $6,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,964,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $389,873 |
| Payroll taxes | $408,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,297 |
| Fees for services: Other | $23,726 |
| Advertising and promotion | $106,223 |
| Office expenses | $50,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,902 |
| Travel | $21,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,395 |
| Insurance | $22,380 |
| All other expenses | $122,932 |
| Total functional expenses | $6,005,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,483 |
| Savings and temporary cash investments | $79,626 |
| Pledges and grants receivable | $1,386,442 |
| Accounts receivable, net | $156,707 |
| 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 | $155,071 |
| Net Land, buildings, and equipment | $670,559 |
| Investments—publicly traded securities | $3,548,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,192,770 |
| Total assets | $7,777,234 |
| Accounts payable and accrued expenses | $231,218 |
| 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 | $1,230,281 |
| Total liabilities | $1,949,686 |
| Net assets without donor restrictions | $4,593,234 |
| Net assets with donor restrictions | $1,234,314 |
| 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 | $7,777,234 |