Our Hope
- Assets
- $108.9k
- Revenue
- $521.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Seattle, WA
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-5159699
Organization Overview
Our Hope is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2023, Our Hope employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Hope 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 12/2023, Our Hope generated $521.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $465.8k during the year ending 12/2023. While expenses have increased by 20.4% 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
TO UPLIFT THE LIVES OF OUR COMMUNITY BY PROVIDING THEM ACCESS TO RESOURCES ND SERVICES THAT CULTIVATE HAPPY, PROSPEROUS, AND HEALTHY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-8 SCHOOL (HOPE ACADEMY) 1)INCREASED STUDENT ENROLLMENT: WITNESSED A 50% INCREASE IN STUDENT ENROLLMENT IN 2023 WHILE DEMONSTRATING THE PROGRAM'S EFFECTIVENESS IN ATTRACTING STUDENTS. 2) IMPROVED ACADEMIC OUTCOMES: IMPLEMENTED INNOVATIVE TEACHING METHODS, LEADING TO A 5% INCREASE IN STANDARDIZED TEST SCORES ACROSS MOST GRADE LEVELS. 3) ENHANCED LEARNING ENVIRONMENT: EXPANDED AFTER-SCHOOL PROGRAMS LIKE HELLO TO PROVIDE A SAFE AND ENRICHING ENVIRONMENT BEYOND THE REGULAR SCHOOL DAY. HELLO NOW OFFERS HOMEWORK HELP, STEM, CLUBS, AND CREATIVE ARTS WORKSHOPS TO AN AVERAGE OF 50 STUDENTS TWO DAYS A WEEK.
YOUTH MENTORHSIP PROGRAM (INCLUDING HOPEWORKS) 1) HOLISTIC SUPPORT FOR YOUTH: PROVIDED VITAL SOCIAL, ECONOMIC, EMOTIONAL, AND ACADMEMIC SUPPORT FOR OVER 40 YOUTHS THROUGH ONE-ON-ONE MENTORING RELATIONSHIPS. 2) FAMILY ENGAGEMENT: EMPOWERED FAMILIES BY OFFERING SERVICES LIKE COLLEGE PREP WORKSHOPS, FINANCIAL LITERACY TRAINING, AND SOCIAL GATHERINGS THAT FOSTER COMMUNITY CONNECTION. OVER 30 FAMILIES PARTICIPATED IN OUR FINANCIAL LITERACY WORKSHOPS IN 2023.
EDUCATION ENHANCEMENT AND SUPPORT PROGRAM 1) EXPANDED COMMUNITY OUTREACH: INCREASED COMMUNITY ENGAGEMENT EFFORTS THROUGH TOWN HALL MEETINGS AND RESOURCE FAIRS, REACHING OVER 200 COMMUNITY MEMBERS TO ADDRESS EMERGING NEEDS, PARTICULARLY THOSE ARISING FROM THE PANDEMIC. 2) ENHANCING LEARNING OPPORTUNITIES: SUCCESSFULLY IMPLEMENTED INNOVATIVE EDUCATIONAL PROGRAMS, INCLUDING A COMPREHENSIVE SUPPLEMENTAL EDUCATION PROGRAM FOCUSED ON LITERACY AND MATH READINESS AND AFTER-SCHOOL ENRICHMENT ACTIVITIES LIKE DEBATE CLUB AND ART CLUB. THE SUMMAR PROGRAM SERVED 75 STUDENTS AND HELPED MANY IMPROVE THIER READING LEVELS. 3) POSITIVE STUDENT IMPACT: MADE A POSITVE IMPACT ON THE LIVES OF STUDENTS BY CREATING VALUABLE LEARNING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asia Adam President | OfficerTrustee | 40 | $41,550 |
Hawa Abdi Secretary | Trustee | 2 | $0 |
Ali Warsame Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,308 |
| Total Program Service Revenue | $99,487 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,795 |
| 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. | $41,550 |
| Compensation of current officers, directors, key employees. | $4,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $811 |
| Payroll taxes | $41,030 |
| Fees for services: Management | $28,482 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,188 |
| Office expenses | $15,168 |
| Information technology | $6,362 |
| Royalties | $0 |
| Occupancy | $65,896 |
| Travel | $398 |
| 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 | $17,324 |
| All other expenses | $5,653 |
| Total functional expenses | $465,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,760 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,120 |
| Total assets | $108,880 |
| Accounts payable and accrued expenses | $2,388 |
| 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 | $2,388 |
| Net assets without donor restrictions | $106,492 |
| 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 | $108,880 |