Hope Network Inc
- Assets
- $163.7k
- Revenue
- $142.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Menomonee Falls, WI
- Founding
- 05/1984
- Data as of
- 09/2022
- EIN
- 39-1475304
Organization Overview
Hope Network Inc is located in Menomonee Falls, WI. The organization was established in 1984. According to its NTEE Classification (I72) the organization is classified as: Child Abuse Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 09/2022, Hope Network Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Network 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 09/2022, Hope Network Inc generated $142.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $131.5k during the year ending 09/2022. While expenses have increased by 7.3% 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
HOPE NETWORKS MISSION IS TO PROVIDE WOMEN PARENTING ALONE IN MILWAUKEE AND THE SURROUNDING AREA WITH RESOURCES TO BUILD SELF-RELIANCE AND STRONG FAMILIES. HOPE NETWORK S STEPPING INTO HOPE PROGRAM MENTORS WOMEN PARENTING ALONE FOR THREE(3) YEARS PROVIDING SUPPLIES AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE NETWORK SUPPORTED 234 MEMBERS IN 2022, COMPARED FROM 246 MEMBERS IN 2021. THE STEPPING INTO HOPE PROGRAM DISTRIBUTED 12,031 DIAPERS, 190 PACKS OF WIPES,32 LAYETTE BAGS CONTAINING 1,060 INFANT CLOTHING AND OTHER ITEMS.191 PIECES OF CLOTHING
HOPE NETWORK NEWS IS NOW SHARING HOPE, QUARTERLY PUBLICATION THAT PROVIDES ADDITIONAL INFORMATION TO MEMBERS AND SUPPORTS, IS NOW FULLY DIGITAL. MEMBERS RECEIVE EMAIL UPDATES, SPECIAL OFFERS, AND OTHER SPECIAL PROMOTIONS IN ADDITION TO SUPPLIES.
6 SCHOLARSHIPS WERE AWARDS TO MOTHERS WHO PURSUED A COLLEGE DEGREE DURING THE PANDEMIC. FUNDS MAY BE USED FOR TUITION OR FOR CHILDCARE WHILE THE MOTHER IS IN SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Hearvey Board Member | 2 | $0 | |
Karen Hammersmith Board Member | 4 | $0 | |
Rita Saavedra Board Member | 2 | $0 | |
Ally Spaight Board Member | 2 | $0 | |
Porscha Brown Board Member | 2 | $0 | |
Jacob Carlson Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $665 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,626 |
| Noncash contributions included in lines 1a–1f | $69,277 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,291 |
| 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 | $68,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$45,613 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,430 |
| 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 | $7,226 |
| 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 | $62,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,339 |
| 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 | $636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,602 |
| 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 | $1,184 |
| All other expenses | $20,204 |
| Total functional expenses | $131,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,405 |
| Savings and temporary cash investments | $0 |
| 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 | $27,330 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $163,735 |
| Accounts payable and accrued expenses | $264 |
| 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 | $264 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $163,471 |
| Total liabilities and net assets/fund balances | $163,735 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hope Network Inc has recieved totaling $31,798.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $13,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $13,000 |
Vine And Branches Foundation Inc Brookfield, WI PURPOSE: CHARITABLE | $2,500 |
Palmer Family Foundation Inc Grafton, WI PURPOSE: GENERAL SUPPORT | $1,500 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $1,365 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spectrum Juvenile Justice Services Westland, MI | $11,592,677 | $12,486,662 |
Childrens Advocacy Centers Of Illinois Springfield, IL | $1,925,327 | $10,958,021 |
Carroll County Council For The Prevention Of Child Abuse Carroll, IA | $3,993,469 | $8,954,221 |
Chicago Childrens Advocacy Center Chicago, IL | $5,332,009 | $7,184,859 |
Prevent Child Abuse America Chicago, IL | $19,075,332 | $9,285,877 |
Care House Of Oakland County Inc Pontiac, MI | $4,965,887 | $2,783,157 |
The Parenting Place Inc La Crosse, WI | $1,246,101 | $2,331,915 |
Zero Abuse Project St Paul, MN | $1,092,184 | $2,809,247 |
Corner House Minneapolis, MN | $849,719 | $2,065,253 |
Family Futures Grand Rapids, MI | $1,445,526 | $2,754,922 |
Every Child Moline, IL | $2,169,166 | $2,030,713 |
Voices For Children Advocacy Burton, MI | $3,187,602 | $2,841,073 |