Hope Foundation For A Better Tomorrow Inc
- Assets
- $396.5k
- Revenue
- $31.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Singer Island, FL
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-1240685
Organization Overview
Hope Foundation For A Better Tomorrow Inc is located in Singer Island, FL. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Foundation For A Better Tomorrow 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 12/2021, Hope Foundation For A Better Tomorrow Inc generated $31.3k 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 (12.6%) each year. All expenses for the organization totaled $12.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOPE FOUNDATION'S MISSION IS TO PROVIDE ASSISTANCE, INCLUDING SCHOLARSHIPS, TO UNDERPRIVILEGED STUDENT ATHLETES WHO DEMONSTRATE EXEMPLARY CHARACTER, PASSIONATE VISION AND ENTHUSIASTIC AMBITION, A
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACH FRANK D.D. DICOCCO MEMORIAL SCHOLARSHIPS WERE INITIATED IN 2013. DURING 2021, A TOTAL OF $3,900 IN SCHOLARHIPS WERE AWARDED. FUNDRAISERS WERE NOT HELD DUE TO THE COVID-19 PANDEMIC. THE REAL MAN PROGRAM WAS ESTABLISHED IN ANTICIPATION OF UTILIZING FRANK DICOCCO'S BOOK, PLAYBOOK FOR MANHOOD: A GAME PLAN FOR BEING A REAL MAN. COPIES OF THE BOOK WILL BE DONATED TO COACHES ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Dicocco President/director | OfficerTrustee | 30 | $0 |
Lou Dicocco Secretary/director | OfficerTrustee | 20 | $0 |
Nicole Dicocco Director | Trustee | 10 | $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 | $30,282 |
| Noncash contributions included in lines 1a–1f | $2,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,282 |
| Total Program Service Revenue | $0 |
| Investment income | -$1,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $184 |
| 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 | $1,330 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,900 |
| 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 | $215 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,250 |
| Office expenses | $857 |
| Information technology | $3,847 |
| 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 | $0 |
| Total functional expenses | $12,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,823 |
| 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 | $363,693 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,516 |
| 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 | $396,516 |
| 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 | $396,516 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Foundation For A Better Tomorrow Inc has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
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|---|---|---|
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Big Brothers And Big Sisters Of Greater Miami Miami, FL | $13,886,069 | $6,863,222 |
Pga Tour Charities Inc Ponte Vedra Beach, FL | $3,965,513 | $4,568,205 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Project Lift Inc Palm City, FL | $4,577,307 | $5,295,911 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
National Association Of School Resource Officers Inc Hoover, AL | $2,764,517 | $2,530,653 |
Chi Chi Rodriguez Youth Foundation Clearwater, FL | $6,554,423 | $3,026,645 |
Camp Kudzu Inc Atlanta, GA | $2,213,204 | $2,347,555 |
Build Up Birmingham, AL | $2,263,635 | $3,069,416 |