Hopeway Foundation
- Assets
- $32.6m
- Revenue
- $14.9m
- Investments
- $4.9m
- Employees
- 126
- Location
- Charlotte, NC
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 46-4510365
Organization Overview
Hopeway Foundation is located in Charlotte, NC. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Hopeway Foundation employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeway Foundation 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, Hopeway Foundation generated $14.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $13.0m during the year ending 12/2021. 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
TO BROADEN THE SCOPE OF MENTAL HEALTH CARE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPEWAY IS AN ACCREDITED NORTH CAROLINA NON-PROFIT RESIDENTIAL AND DAY MENTAL HEALTH TREATMENT CENTER FOR ADULTS. HOPEWAY'S CONTINUUM OF CARE MEETS THE NEEDS OF ADULTS LIVING WITH MENTAL ILLNESS AND THEIR FAMILIES WITH RESIDENTIAL CARE AND DAY TREATMENT PROGRAMS AS WELL AS AFTER-CARE PLANNING WITH A GOAL OF HELPING CLIENTS LIVE SUCCESSFULLY AND INDEPENDENTLY IN THE COMMUNITY.IN 2018 HOPEWAY FOUNDATION FORMED A WHOLLY OWNED SUBSIDIARY, HOPEWAY PSYCHIATRY & ASSOCIATES, LLC. HOPEWAY PSYCHIATRY PROVIDES MENTAL HEALTH AND OTHER SERVICES TO CLIENTS ON AN OUTPATIENT BASIS. IT PROVIDES SERVICES TO CLIENTS THAT DO NOT HAVE A CURRENT NEED FOR A HIGHER LEVEL OF CARE SUCH AS HOPEWAY FOUNDATION'S RESIDENTIAL CARE AND DAY TREATMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyson R Kuroski-Mazzei CEO | Officer | 40 | $455,817 |
Justin Johnson Psychiatrist | 40 | $308,143 | |
Kevin Marra Director Of Medical Services | 40 | $305,526 | |
Angela Kuntz Psychiatrist | 40 | $245,710 | |
Taren Coley Psychiatrist | 40 | $232,446 | |
Catherine Walsh CFO | Officer | 40 | $224,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orbit Billing Utilization Management | 12/30/20 | $203,296 |
Shelco Construction | 12/30/20 | $1,112,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,093,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,718,602 |
| Noncash contributions included in lines 1a–1f | $250,540 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,811,602 |
| Total Program Service Revenue | $11,082,617 |
| Investment income | $3,056 |
| 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 | $14,897,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $273,765 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,878,739 |
| Compensation of current officers, directors, key employees. | $202,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,886,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $839,109 |
| Advertising and promotion | $433,065 |
| Office expenses | $0 |
| Information technology | $335,665 |
| Royalties | $0 |
| Occupancy | $710,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $439,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $806,933 |
| Insurance | $119,541 |
| All other expenses | $0 |
| Total functional expenses | $12,954,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,594,135 |
| Savings and temporary cash investments | $618,854 |
| Pledges and grants receivable | $433,817 |
| Accounts receivable, net | $1,313,689 |
| 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 | $73,416 |
| Net Land, buildings, and equipment | $18,253,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,878,616 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $397,358 |
| Total assets | $32,563,344 |
| Accounts payable and accrued expenses | $214,963 |
| Grants payable | $0 |
| Deferred revenue | $1,411,306 |
| Tax-exempt bond liabilities | $6,121,894 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,530 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $677,442 |
| Total liabilities | $8,431,135 |
| Net assets without donor restrictions | $23,969,285 |
| Net assets with donor restrictions | $162,924 |
| 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 | $32,563,344 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopeway Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Page And George Bradham Family Foundation Denver, NC PURPOSE: GENERAL PURPOSE SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atrium Health Foundation Charlotte, NC | $404,080,450 | $59,803,918 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
A G Rhodes Health & Rehab Management Inc Atlanta, GA | $5,425,018 | $4,030,975 |
Dalton-Whitfield Additional Tr Dalton, GA | $59,216,928 | $4,019,283 |
Scha Foundation Inc Columbia, SC | $8,740,174 | $2,392,397 |
Prisma Health Midlands Foundation Columbia, SC | $35,337,492 | $3,423,546 |
Ballad Health Foundation Johnson City, TN | $60,338,294 | $4,593,678 |