Hope Toledo Services
- Assets
- $1.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Toledo, OH
- Founding
- Data as of
- 12/2022
- EIN
- 85-2049351
Organization Overview
Hope Toledo Services is located in Toledo, OH. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Hope Toledo Services employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Toledo Services 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 12/2022, Hope Toledo Services generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING HIGH QUALITY EDUCATION FROM CRADLE TO CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE TOLEDO PROMISE IS A NOVEL, TWO-GENERATION APPROACH THAT SUPPORTS STUDENTS AND FAMILIES AS THEY PURSUE POSTSECONDARY OPPORTUNITIES. THE PROGRAM IS THE FIRST FULLY FUNDED TWO-GENERATION SCHOLARSHIP PROGRAM OF ITS KIND AND PROVIDES TUITION, ROOM, BOARD, BOOKS AND FEES TO STUDENTS PARTICIPATING. THE PROGRAM IS PILOTED AT JESUP W. SCOTT HIGH SCHOOL AND CURRENTLY HAS MORE THAN 200 STUDENT SCHOLARS FROM THREE COHORTS ATTENDING MORE THAN 20 INSTITUTIONS THROUGHOUT OHIO. BASED ON TWO STUDIES CONDUCTED BY NORTHWESTERN, THE POSTSECONDARY ENROLLMENT RATE INCREASED BY 70% AND THE PERSISTENCE RATE AMONG OUR FIRST TWO COHORTS SITS JUST ABOVE 54% (COHORT 1 = 43%; COHORT 2 = 69%). THERE HAVE BEEN 7 GRADUATES SINCE THE INCEPTION OF THE PROGRAM THREE YEARS AGO AND WE EXPECT MORE TO JOIN THOSE RANKS IN THE COMING YEAR.
HOPE TOLEDO PRE-K HAS CREATED A COMPREHENSIVE COMMUNITY-BASED APPROACH TO EARLY CHILDHOOD EDUCATION AND CARE THROUGH A UNIQUE PARTNERSHIP WITH 20 PRESCHOOL PROVIDERS LOCATED STRATEGICALLY ACROSS THE TOLEDO REGION. THROUGH THIS EFFORT WE HAVE SERVED OVER 300 CHILDREN WITH CULTURALLY RICH, EVIDENCE-BASED CURRICULUM DELIVERED BY CREDENTIALED TEACHERS RECEIVING A LIVING WAGE. THE PROGRAM FURTHER SUPPORTS TEACHERS THROUGH ONGOING PROFESSIONAL DEVELOPMENT AND PROVIDERS THROUGH BUSINESS SUPPORTS. PARENTS RECEIVE VARIOUS LEVELS OF ENGAGEMENT AND SUPPORT TO ASSIST THEM IN ENSURING THEIR CHILD ATTENDS AND PARTICIPATES IN THE PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendi Huntley Chairperson | OfficerTrustee | 0.5 | $0 |
Joaquin Cintron Vega Board Member | Trustee | 0.25 | $0 |
Wade Kapszukiewicz Board Member | Trustee | 0.25 | $0 |
Keith Burwell Board Member | Trustee | 0.25 | $0 |
Wendy Pestrue Board Member | Trustee | 0.25 | $0 |
Bishop Edward Cook Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $888,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,508,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,396,568 |
| Total Program Service Revenue | $15,000 |
| Investment income | $16 |
| 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 | $2,411,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,835,601 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,128 |
| Compensation of current officers, directors, key employees. | $30,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,422 |
| Payroll taxes | $31,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,770 |
| Fees for services: Accounting | $6,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,920 |
| Advertising and promotion | $249,053 |
| Office expenses | $29,510 |
| Information technology | $40,232 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,006 |
| 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 | $3,284 |
| Insurance | $5,452 |
| All other expenses | $30,166 |
| Total functional expenses | $3,015,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $283,712 |
| 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 | $3,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,721,990 |
| Accounts payable and accrued expenses | $45,704 |
| Grants payable | $0 |
| Deferred revenue | $1,511,409 |
| 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 | $1,557,113 |
| Net assets without donor restrictions | $71,218 |
| Net assets with donor restrictions | $93,659 |
| 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 | $1,721,990 |