Hopelab Foundation Inc
- Assets
- $19.0m
- Revenue
- $2.5m
- Investments
- $15.0m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 77-0560011
Organization Overview
Hopelab Foundation Inc is located in San Francisco, CA. The organization was established in 2002. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopelab Foundation 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 12/2023, Hopelab Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $15.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hopelab Foundation Inc has awarded 145 individual grants totaling $9,634,833. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACTIVITIES RELATED TO IMPROVING MENTAL AND EMOTIONAL WELL-BEING OF YOUNG PEOPLEHOPELAB CONTINUED ITS PROGRAMMATIC EFFORTS TO SUPPORT THE MENTAL HEALTH AND WELL-BEING OF LGBTQ+ AND BIPOC YOUNG PEOPLE. PIVOTING AWAY FROM PRODUCT DEVELOPMENT, HOPELAB FOCUSED EFFORTS ON RELATIONSHIP-BUILDING, CONVENING RESEARCHERS, PHILANTHROPISTS, INVESTORS, AND YOUNG PEOPLE AT AN INTERGENERATIONAL RETREAT FOCUSED ON IMPROVING YOUTH MENTAL HEALTH OUTCOMES. IN AUGUST, THE RESPONSIBLE TECHNOLOGY YOUTH POWER FUND GRANTED $1.8 MILLION IN POOLED FUNDING TO 26 YOUTH-LED INITIATIVES DEDICATED TO BUILDING A MORE INCLUSIVE, EQUITABLE, AND ACCOUNTABLE TECHNOLOGY ECOSYSTEM. THE YOUNG INNOVATORS IN BEHAVIORAL HEALTH AWARDS, A PROGRAM CREATED IN PARTNERSHIP WITH THE MEADOWS MENTAL HEALTH POLICY INSTITUTE AND GOING DIGITAL BEHAVIORAL HEALTH, RECOGNIZED 30 WINNERS FOR THEIR CONTRIBUTIONS TO ACCESS, AWARENESS, AND ADVANCEMENT OF DIGITAL MENTAL HEALTH CARE FOR YOUNG PEOPLE IN THE U.S.
INVESTMENTSHOPELAB CONTINUES TO EXPAND ITS EXTERNAL INVESTMENTS INITIATIVE TO INVEST IN AND PARTNER WITH ENTREPRENEURS, THOUGHT LEADERS, AND INNOVATORS WHO ARE SIMILARLY COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF TEENS AND YOUNG ADULTS. THIS CAPABILITY ALLOWED FOR THE FLEXIBILITY TO SUPPORT BOTH FOR-PROFIT AND NONPROFIT TEAMS DEDICATED TO SCALING SOCIAL IMPACT. HOPELAB'S INVESTMENT APPROACH COMBINES EARLY-STAGE CAPITAL WITH EXPERTISE IN RESEARCH, DESIGN, YOUTH CO-CREATION, AND PAYMENT MODELS TO SUPPORT THE DEVELOPMENT AND ADOPTION OF BETTER, MORE DIVERSE, AND ACCESSIBLE MENTAL HEALTH AND WELL-BEING SOLUTIONS FOR YOUNG PEOPLE. IN 2023 HOPELAB MADE DIRECT EQUITY OR CONVERTIBLE EQUITY INVESTMENTS IN THE FOLLOWING COMPANIES: DYNAMICARE HEALTH, INC., TRACE APP INC., ATTENTION TECHNOLOGIES, INC., CARAWAY INC., VYTYL HEALTH MANAGEMENT, INC., YOURPATH, FLOURISH, PERSONAL BEST INC., NEUROMOTION INC., YOUME HEALTHCARE INC., OUI THERAPEUTICS, VIOLET SERVICES, INC.
ADVISORY SERVICES TO FOSTER POSITIVE CHANGE IN THE CREATION OF MENTAL HEALTH PRODUCTS AND SERVICESHOPELAB WORKS IN AN ADVISORY CAPACITY WITH ORGANIZATIONS AND PARTNERS THAT CREATE MENTAL HEALTH PRODUCTS, SERVICES, AND RESEARCH. EACH PROJECT IS CRAFTED TO ELEVATE THE PARTNERS' INITIATIVES THROUGH THE CAPABILITIES OF THE INTERDISCIPLINARY TEAM WITH EXPERTISE ACROSS THE FIELDS OF DESIGN, RESEARCH, AND YOUTH CO-CREATION. INITIATIVES INCLUDE COLLABORATIVE DESIGN EXPERIENCES, CONSULTATIONS TO HELP PARTNERS BETTER UNDERSTAND THE NEEDS OF STAKEHOLDERS, IMPACT ASSESSMENT, AND/OR SYSTEMS-ORIENTED PROCESSES TO REFINE PRODUCT DEVELOPMENT. MANY OF THE PROJECTS ARE PART OF HOPELAB'S INVESTMENT APPROACH WHICH COMBINES EARLY-STAGE CAPITAL WITH EXPERTISE IN DESIGN RESEARCH, IMPACT EVALUATION, PROTOTYPING, UI/UX DESIGN, AND YOUTH CO-CREATION TO SUPPORT THE DEVELOPMENT AND ADOPTION OF BETTER, MORE DIVERSE, AND ACCESSIBLE MENTAL HEALTH AND WELL-BEING SOLUTIONS FOR YOUNG PEOPLE FROM DIVERSE POPULATIONS.
GRANTMAKING TO SUPPORT TRANSLATIONAL RESEARCH DISCOVERY SCIENCE GRANTSHOPELAB SUPPORTS PROGRAMMATIC EFFORTS THAT NURTURE EMERGENT IDEAS AND COLLABORATIONS TO BRIDGE THE GAP BETWEEN WELL-BEING, SCIENCE, AND MEANINGFUL ACTION. THROUGH A PORTFOLIO OF SMALL SEED GRANTS THAT INCUBATE COLLABORATIONS BETWEEN RESEARCHERS AND YOUTH-SERVING ORGANIZATIONS, HOPELAB SUPPORTS CUTTING-EDGE DEVELOPMENTAL ASSET RESEARCH FOCUSED ON YOUTH MENTAL WELL-BEING. GRANTS MADE IN 2023 INCLUDE EXAMINING THE ROLE OF PSYCHOLOGICAL SAFETY IN YOUTH MENTAL HEALTH AND REDUCING DEPRESSION AND SUICIDALITY RESULTING FROM RACIAL DISCRIMINATION. HOPELAB HOSTED A CROSS-SECTOR CONVENING LED BY CORNELL SCHOLAR DR. ANTHONY BURROW, EXPLORING THE BENEFITS OF ADOLESCENT DEVELOPMENTAL ASSETS KICKING OFF EFFORTS TO TRANSLATE THE SCIENCE OF PURPOSE INTO MEANINGFUL ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Langshur Board Member | 2 | $0 | |
Jaspal Sandhu Secretary | 40 | $304,031 | |
Jeffrey R Alvord Board Chair | 1.51 | $0 | |
Margaret Laws President | 40 | $620,258 | |
Nathan Jayappa Treasurer | 40 | $221,738 | |
Pamela K Omidyar Board Member | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elisabeth Carpenter | 12/30/23 | $302,315 |
The Linde Group | 12/30/23 | $191,908 |
Kyne Communications | 12/30/23 | $159,900 |
Manatt Phelps & Phillips | 12/30/23 | $148,065 |
Morgan Lewis & Bockius Llp | 12/30/23 | $135,291 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,351,077 |
| Interest on Savings | $0 |
| Dividends & Interest | $616,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$503,714 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,463,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,311,397 |
| Other employee salaries and wages | $4,290,404 |
| Pension plans, employee benefits | $1,068,746 |
| Interest | $0 |
| Taxes | $364,053 |
| Depreciation | $329,953 |
| Occupancy | $598,801 |
| Travel, conferences, and meetings | $392,195 |
| Printing and publications | $615 |
| Other expenses | $1,424,182 |
| Total operating and administrative expenses | $12,213,087 |
| Contributions, gifts, grants paid | $3,484,967 |
| Total expenses and disbursements | $15,698,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,597 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $845 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $234,495 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,980,453 |
| Net Land, buildings, and equipment | $301,235 |
| Other assets | $2,549,568 |
| Total assets | $18,967,193 |
| Accounts payable and accrued expenses | $1,256,500 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,708,482 |
| Total liabilities | $4,014,982 |
Grants Awarded
Over the last fiscal year, Hopelab Foundation Inc has awarded $3,534,967 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE FOUNDATION PURPOSE: ADOLESCENT SCIENCE TRANSLATION FUND | $110,000 |
PUBLIC WORKS ALLIANCE PURPOSE: IN SUPPORT OF GOING DIGITAL BEHAVORIAL HEALTH | $52,000 |
THE CHILDREN'S HOSPITAL OF PHILADELPHIA FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT TO THE CENTER FOR PARENT AND TEEN COMMUNICATION | $20,000 |
REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: MAPPING THE HUMAN TRANSCRIPTIONAL RESPONSE TO MAJOR DEPRESSION | $75,000 |
NORC- NATIONAL OPINION RESEARCH CENTER PURPOSE: MENTAL HEALTH SURVEY | $85,000 |
YOUNG PEOPLES ALLIANCE EDUCATION FUND PURPOSE: SUPORT RESPONSIBLE TECHNOLOGY YOUTH POWER FUND/SOCIAL MEDIA ADDICTION CAMPAIGN INITIATIVE | $50,000 |