Hope Street Group
- Assets
- $998.9k
- Revenue
- $766.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Burr Ridge, IL
- Founding
- 07/2003
- Data as of
- 06/2022
- EIN
- 45-0497577
Organization Overview
Hope Street Group is located in Burr Ridge, IL. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Hope Street Group employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Street Group 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, Hope Street Group generated $766.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $806.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2003, ON SOUTH HOPE STREET IN LOS ANGELES, CA, A GROOUP OF YOUNG ENTREPRENEURS, BUSINESS, AND TECHNOLOGY PROFESSIONALS CONCERNED WITH INDIVIDUAL AND NATIONAL ECONOMIC OPPORTUNITY IN THE U.S. FORMED HOPE STREET GROUP. THIS GROUP BELIEVED THAT BY INFUSING DIVERSE UNDERSTANDING AND EXPERTISE INTO ECONOMIC CHALLENGES, WE COULD DRAMATICALLY IMPROVE ACCESS TO OPPORTUNITY. SINCE OUR FOUNDING, WE HAVE WORKED DILIGENTLY TO APPLY THIS MODEL AND INCORPORATE THE APPLICATION OF INNOVATION AND TECHNOLOGY TO THE EDUCATION SECTOR. OUR IMPACT OUR WORK HAS IMPACTED EDUCATION POLICY AND TEACHER PRACTICE.
WE HAVE LAUNCHED OUR SYNC OUR SIGNALS SOS INITIATIVE WORKING TO RE-ENGINEER THE JOBS MARKETPLACE BY 1 FACILITATING EMPLOYER TRANSITIONS TO COMPETENCY-BASED SOURCING, SELECTION, AND HIRING PRACTICES AND 2 SIGNALING TO THE LEARNING COMMUNITY WHAT THOSE COMPETENCIES ARE AND HOW TO SUPPLY THEM TO INDIVIDUALS AND 3 EMPOWERING INDIVIDUALS, THROUGH INFORMED LEARNING, WITH BETTER ACCESS TO TOOLS AND INNOVATION. TO ADVANCE THIS MISSION, HOPE STREET GROUP IS SERVING AS THE BACKBONE ORGANIZATION OF AN INTEGRATED APPROACH INVOLVING MULTIPLE ENTITIES ACROSS THE COMPONENTS OF DEMAND, SUPPLY, AND THE MARKETPLACE. IN ADDITION, HOPE STREET GROUP IS WORKING WITH FOUNDATIONS AND PARTNERS TO BUILD COMMUNITIES OF PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Scaglione President CEO | OfficerTrustee | 60 | $191,725 |
Tabitha Pacheco Utah Teacher Fellows | Officer | 40 | $81,600 |
Karen Alden Director | Trustee | 1 | $0 |
Allen Blue Chairman | OfficerTrustee | 1 | $0 |
Byron Auguste Director | Trustee | 1 | $0 |
David Javdan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metrics Reporting Inc Talent Supply Chain Management | 6/29/19 | $245,656 |
Stemconnector Llc Stem Supporting Services | 6/29/19 | $139,500 |
Volta Learning Group Competency-based Learning | 6/29/19 | $130,695 |
Magnolia Consulting Llc Research Services | 6/29/19 | $118,539 |
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 | $335,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,432 |
| Total Program Service Revenue | $129,252 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $766,335 |
| 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. | $54,224 |
| Compensation of current officers, directors, key employees. | $27,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,903 |
| Payroll taxes | $19,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $323 |
| Office expenses | $0 |
| Information technology | $14,089 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,716 |
| Insurance | $5,283 |
| All other expenses | $0 |
| Total functional expenses | $806,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,808 |
| Savings and temporary cash investments | $265,575 |
| 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 | $1,794 |
| Net Land, buildings, and equipment | $572,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,153 |
| Total assets | $998,929 |
| Accounts payable and accrued expenses | $5,020 |
| 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 | $277 |
| Total liabilities | $5,297 |
| Net assets without donor restrictions | $993,632 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $998,929 |