Hope Through Education -- A Fund For Better Futures Inc
- Assets
- $178.4k
- Revenue
- $999.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Bedminster, NJ
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 82-5117718
Organization Overview
Hope Through Education -- A Fund For Better Futures Inc is located in Bedminster, NJ. The organization was established in 2018. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hope Through Education -- A Fund For Better Futures Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Through Education -- A Fund For Better Futures 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 Through Education -- A Fund For Better Futures Inc generated $999.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.0% each year . All expenses for the organization totaled $919.5k 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
THE ORGANIZATION'S MISSION IS TO ENABLE CHILDREN OF LOW-INCOME FAMILIES TO ACQUIRE A QUALITY, VALUES-BASED EDUCATION. THE ORGANIZATION ACHIEVES ITS MISSION BY PROVIDING SCHOLARSHIPS TO DESERVING FAMILIES IN HUNTERDON, MIDDLESEX, SOMERSET AND WARREN COUNTIES IN NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS TO ENABLE CHILDREN OF LOW-INCOME FAMILIES TO ACQUIRE A QUALITY, VALUES-BASED EDUCATION. THE ORGANIZATION ACHIEVES ITS MISSION BY PROVIDING SCHOLARSHIPS TO DESERVING FAMILIES IN HUNTERDON, MIDDLESEX, SOMERSET AND WARREN COUNTIES IN NEW JERSEY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Humbert President | OfficerTrustee | 40 | $93,212 |
Gregory Aroneo Secretary | OfficerTrustee | 1 | $4,000 |
Fran Shammo Treasurer | OfficerTrustee | 1 | $0 |
Fredrick Ziwot Chairman | OfficerTrustee | 2 | $0 |
Ellen Ayoub Trustee | Trustee | 1 | $0 |
Eugene Cordano Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $126,448 |
| Related organizations | $0 |
| Government grants | $26,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $834,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $987,204 |
| Total Program Service Revenue | $0 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $716,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,988 |
| Compensation of current officers, directors, key employees. | $34,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,084 |
| Payroll taxes | $14,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,445 |
| Advertising and promotion | $4,487 |
| Office expenses | $6,382 |
| Information technology | $0 |
| 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 | $1,165 |
| Interest | $1,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $717 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $919,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,572 |
| Savings and temporary cash investments | $70,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,550 |
| 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 | $220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,385 |
| Accounts payable and accrued expenses | $5,962 |
| 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 | $5,962 |
| Net assets without donor restrictions | $148,173 |
| Net assets with donor restrictions | $24,250 |
| 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 | $178,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Through Education -- A Fund For Better Futures Inc has recieved totaling $15,727.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |