Hopeloft
- Assets
- $758.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 82
- Location
- Bridgeton, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 84-3927042
Organization Overview
Hopeloft is located in Bridgeton, NJ. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Hopeloft employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeloft 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, Hopeloft generated $1.1m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST IN COMMUNITIES BY WORKING ALONGSIDE PEOPLE AND PROJECTS WHO INSPIRE CHANGE, ADVOCATE FOR SOCIAL JUSTICE, AND COMMIT TO MEETING THE IMMEDIATE NEEDS OF LOCAL CHILDREN AND FAMILIES. HOPELOFT'S VISION IS TO CREATE OPPORTUNITIES FOR OUR COMMUNITIES TO THRIVE, AND REPLICATE OUR MODEL ACROSS THE NATION AND AROUND THE GLOBE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AS A CAMPUS IS A HOLISTIC PROJECT THAT BRINGS TOGETHER COMMUNITY PARTNERS TO EMPOWER YOUTH WHO HAVE EXPERIENCED ADVERSE CHILDHOOD EXPERIENCES TO OVERCOME ADVERSITY AND ACHIEVE ACADEMIC AND CAREER SUCCESS. HOPELOFT SERVES AS THE BACKBONE AGENCY FOR THIS INIATIVE. YOUTH ADVOCACY FOCUSES ON THE PRINCIPLES OF FAMILY DEVELOPMENT AND COMMUNICATION TO HELP EDUCATE AND GUIDE CHILDREN AND FAMILY MEMBERS IN THE AFTERMATH OF THEIR CRISIS OR TRAUMA. YOUTH ADVOCACY PROVIDES ACCESS TO INFORMATION, SERVICES AND SUPPORT IN THE INDIVIDUALS PURSUIT OF HEALING AND JUSTICE.
FOLLOW SOUTH JERSEY IS A PROGRAM THAT TRAINS VULNERABLE AND MARGINALIZED YOUNG ADULTS TO BECOME COMMUNITY JOURNALISTS WHO DEVELOP AND PUBLISH STORIES FOR THE LOCAL NEWS. THE PROGRAM INCLUDES A 15 WEEK PAID INTERNSHIP. HOPELOFT CAREER CONNECTIONS IS A SPECIFIC WORK READINESS PROGRAM THAT PROVIDES YOUTH WITH PAID WORK EXPERIENCE AND CAREER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richelle Baughn President | Officer | 5 | $0 |
Moise V Vela Jr Trustee | Trustee | 5 | $0 |
Luke Repici Trustee | Trustee | 5 | $0 |
Darleen Andfield Trustee | Trustee | 5 | $0 |
William Helmbrecht Trustee | Trustee | 5 | $0 |
Michelle Rutkowski Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $706,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,165 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,516 |
| 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 | $1,131,681 |
| 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. | $76,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $777,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $78,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,270 |
| Office expenses | $7,273 |
| Information technology | $5,717 |
| Royalties | $0 |
| Occupancy | $29,616 |
| Travel | $21,284 |
| 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 | $12,843 |
| All other expenses | $1,542 |
| Total functional expenses | $1,086,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $173,873 |
| Accounts receivable, net | $98,997 |
| 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 | $1,590 |
| Net Land, buildings, and equipment | $425,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $758,446 |
| Accounts payable and accrued expenses | $25,242 |
| 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 | $420,995 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,989 |
| Total liabilities | $627,226 |
| Net assets without donor restrictions | $131,220 |
| 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 | $758,446 |