Hard-Edged Hope Foundation
- Assets
- $49.5m
- Revenue
- $176.0k
- Investments
- $26.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 10/2023
- EIN
- 85-3866180
Organization Overview
Hard-Edged Hope Foundation is located in New York, NY. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hard-Edged Hope Foundation 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 10/2023, Hard-Edged Hope Foundation generated $176.0k in total revenue. All expenses for the organization totaled $550.4k during the year ending 10/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARD EDGED HOPE WILL FOCUS ON PROGRAMS THAT ATTEMPT TO DISCOVER NEW WAYS OF CREATING SOLUTIONS TO BIG PROBLEMS, INCLUDING HELPING THOSE IN NEED, ADDRESSING ENVIRONMENTAL ISSUES, AND ENHANCING COMMUNITY AND CULTURE. THE FOUNDATION WILL TRACK THE IMPACT OF THE IDEAS UNDERLYING THE PROGRAMS AND THOSE THAT ARE SUCCESSFUL WILL BE USED AS MODELS TO EDUCATE THE PUBLIC ON HOW BEST TO SOLVE LARGE WORLD PROBLEMS. THIS AMOUNT INCLUDES CASH SET ASIDE IRC 4942(G)(2)(B)(II).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Anderson President | 5 | $0 | |
Jacqueline Novagratz CEO | 5 | $0 | |
Janet Ramos Secretary | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Akerman Llp | 10/30/22 | $53,324 |
Katherine Manderfield | 10/30/22 | $66,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $176,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$476 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $236,459 |
| Pension plans, employee benefits | $4,077 |
| Interest | $471 |
| Taxes | $17,896 |
| Depreciation | $0 |
| Occupancy | $5,366 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136,444 |
| Total operating and administrative expenses | $550,378 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $550,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,601,784 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $9,323,160 |
| Investments—mortgage loans | $0 |
| Investments—other | $250,010 |
| Net Land, buildings, and equipment | $22,845 |
| Other assets | $1,742,553 |
| Total assets | $49,517,142 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,451,815 |
| Total liabilities | $1,551,815 |