Radical Hope Inc
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Concord, MA
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 82-4420567
Organization Overview
Radical Hope Inc is located in Concord, MA. The organization was established in 2018. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Radical Hope Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Radical Hope 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, Radical Hope Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Radical Hope Inc has awarded 17 individual grants totaling $626,073. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RADICAL HOPE IS COMMITTED TO IMPROVING THE LIVES AND FUTURES OF YOUNG ADULTS BY STRENGTHENING CONNECTIONS AND BUILDING RESILIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RADICAL HEALTH: THE SIGNATURE SKILL-BASED WELLNESS PROGRAM EXPERIENCED EXPLOSIVE GROWTH IN 2023, WITH GROWING DEMAND FOR EVIDENCE-BASED, PROVEN PROGRAMS THAT IMPROVE THE MENTAL, PHYSICAL AND EMOTIONAL HEALTH OF YOUNG ADULTS. RADICAL HEALTH WAS IMPLEMENTED AT OVER 35 COLLEGES, UNIVERSITIES, COMMUNITY ORGANIZATIONS AND FOR PROFESSIONAL ATHLETES AT THE NATIONAL FOOTBALL LEAGUE. RADICAL HOPE FULLY FUNDS ALL COSTS ASSOCIATED WITH RUNNING THE PROGRAM, INCLUDING ORIGINAL CONTENT, PROGRAM TRAINING, TECHNOLOGY PLATFORM, GUIDE STIPENDS, PROGRAM CUSTOMIZATION AND MARKETING MATERIALS.
SCIENTIFIC ADVISORY: RADICAL HOPE IS COMMITTED TO EVIDENCE-BASED PROGRAMMING AND DATA DRIVEN EFFECTIVENESS FOR ITS INVESTMENTS. WE PROVIDE ROBUST ANNUAL FINANCIAL SUPPORT FOR SCIENTIFIC EXPERTISE TO IDENTIFY, INFORM AND ASSESS ALL PROGRAM WORK.
COMMUNICATIONS: RADICAL HOPE'S BRAND RECOGNITION AND PUBLIC ENGAGEMENT TOOK A GIANT LEAP FORWARD IN 2023. OUR PARTNERSHIP WITH THE LOS ANGELES CHARGERS CREATED A MARKETING AND REVENUE GENERATING OPPORTUNITY AT THE TAYLOR SWIFT ERAS TOUR SHOW IN LOS ANGELES. WE USED THIS CONCERT HOSTING/SUITE EXPERIENCE TO HOST MEDIA, SCHOOL PARTNERS, DONORS AND NEW PARTNER PROSPECTS. THROUGH PROMOTIONAL ACTIVITIES LEADING UP TO AND INCLUDING THE EVENT, WE GREW OUR SOCIAL MEDIA FOOTPRINT BY OVER 1,000% YOY AND WE HAVE SUSTAINED THIS AUDIENCE ENGAGEMENT SINCE THEN. OTHER INVESTMENTS IN PROGRAM MARKETING MATERIALS AND PODCAST ACTIVITIES, AS WELL AS SIGNIFICANT EARNED MEDIA ACROSS NATIONAL NEWS, ELEVATED RADICAL HOPE'S NAME RECOGNITION AND REPUTATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Martin Clerk, Director | OfficerTrustee | 15 | $0 |
Philip D Martin Treasurer, Director | OfficerTrustee | 15 | $0 |
Elizabeth Feld President, CEO | OfficerTrustee | 40 | $395,000 |
Paul Bossidy Director | Trustee | 15 | $0 |
Lawrence Bossidy Director | Trustee | 15 | $0 |
Kenneth Langone Director | Trustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neurologically Llc Program Platform | 12/30/23 | $360,000 |
Blue & Gold Tenant Llc Taylor Swift Event | 12/30/23 | $336,600 |
Peak Performance Consulting Group Program Content; Athletic Partnership De | 12/30/23 | $111,417 |
Kellermann Consult Llc Partnership Development; Donor Cultivati | 12/30/23 | $100,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $298,771 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $858,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,157,670 |
| Total Program Service Revenue | $0 |
| 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 | $97,244 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,254,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,164 |
| 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. | $525,000 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,540 |
| Payroll taxes | $63,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,254 |
| Fees for services: Accounting | $60,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $548,317 |
| Advertising and promotion | $0 |
| Office expenses | $27,105 |
| Information technology | $20,357 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $73,553 |
| 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 | $43,433 |
| Insurance | $0 |
| All other expenses | $6,000 |
| Total functional expenses | $2,606,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $800,098 |
| 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 | $12,726 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $111,667 |
| Other assets | $0 |
| Total assets | $1,631,745 |
| Accounts payable and accrued expenses | $188,541 |
| 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 | $188,541 |
| Net assets without donor restrictions | $660,606 |
| Net assets with donor restrictions | $782,598 |
| 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 | $1,631,745 |
Grants Awarded
Over the last fiscal year, Radical Hope Inc has awarded $46,550 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EMMANUEL COLLEGE PURPOSE: TO SUPPORT EXECUTION OF RADICAL HEALTH PROGRAMS | $10,000 |
NORTHEASTERN UNIVERSITY PURPOSE: TO SUPPORT EXECUTION OF RADICAL HEALTH PROGRAMS | $11,550 |
ONE LOVE PURPOSE: TO SUPPORT EXECUTION OF RADICAL HEALTH PROGRAMS | $5,000 |
WESLEYAN ATHLETIC DEPARTMENT PURPOSE: TO SUPPORT EXECUTION OF RADICAL HEALTH PROGRAMS | $20,000 |