Hope Foundation
- Assets
- $1.8m
- Revenue
- $101.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Midland Park, NJ
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 22-3808603
Organization Overview
Hope Foundation is located in Midland Park, NJ. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. 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 12/2023, Hope Foundation generated $101.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $115.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hope Foundation has awarded 68 individual grants totaling $3,026,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N / A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer E Tyler President | 10 | $0 | |
Whitney A Wilkinson Vice President | 10 | $0 | |
John J Bartichek Sec/treas | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $56,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,061 |
| Capital Gain Net Income | $45,061 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $44 |
| Taxes | $3,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140 |
| Total operating and administrative expenses | $23,002 |
| Contributions, gifts, grants paid | $92,000 |
| Total expenses and disbursements | $115,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,132 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,741,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $722 |
| Total assets | $1,840,909 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hope Foundation has awarded $92,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OPEN DOOR HAITI PURPOSE: CHARITABLE | $60,000 |
DOUG HOLLIDAY MINISTRIES PURPOSE: CHARITABLE | $10,000 |
HOPE AND SERENITY RECOVERY CENTER PURPOSE: CHARITABLE | $18,000 |
IMMANUEL LUTHERAN CHURCH PURPOSE: CHARITABLE | $4,000 |