Chicago Heightening Opportunity And Potential For Educational Success
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Chicago, IL
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 27-4360899
Organization Overview
Chicago Heightening Opportunity And Potential For Educational Success, operating under the name Chicago HOPES for Kids, is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, Chicago HOPES for Kids employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago HOPES for Kids 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, Chicago HOPES for Kids generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.4% each year . All expenses for the organization totaled $859.3k during the year ending 12/2021. While expenses have increased by 35.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE STUDENTS WITH THE RESOURCES AND ENCOURAGEMENT NEEDED TO SUCCEED ACADEMICALLY, DESPITE THE CHALLENGES OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER-BASED AFTER-SCHOOL PROGRAM FOR HOMELESS CHILDREN WITH A FOCUS ON LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Kahn Executive Director | OfficerTrustee | 40 | $64,250 |
Andrew Flynn Treasurer | OfficerTrustee | 1 | $0 |
Rita Winiecki Board Vice-President | OfficerTrustee | 1 | $0 |
Matthew Eddington Compliance Officer | OfficerTrustee | 1 | $0 |
Tonya Rice Board President | OfficerTrustee | 1 | $0 |
Kate Oconnell Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,219,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,219,430 |
| Total Program Service Revenue | $0 |
| Investment income | $76 |
| 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 | $1,219,506 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,340 |
| Travel | $0 |
| 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 | $8,878 |
| Insurance | $632 |
| All other expenses | $52,361 |
| Total functional expenses | $859,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $294,306 |
| 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 | $3,485 |
| Net Land, buildings, and equipment | $15,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,887 |
| Accounts payable and accrued expenses | $14,725 |
| 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 | $14,725 |
| Net assets without donor restrictions | $981,746 |
| Net assets with donor restrictions | $177,416 |
| 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 | $1,173,887 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Chicago Heightening Opportunity And Potential For Educational Success has recieved totaling $303,261.
| Awarding Organization | Amount |
|---|---|
A Better Chicago Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $220,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $37,369 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $19,829 |
Donley Foundation Radnor, PA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $11,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
Great Books Foundation Chicago, IL | $3,063,168 | $3,289,304 |
Turnk The Page Kc Inc Kansas City, MO | $555,932 | $3,146,244 |
La Crosse Medical Health Science Consortium Inc La Crosse, WI | $13,920,244 | $1,509,206 |
Wisconsin Literacy Inc Madison, WI | $355,424 | $1,313,626 |
Literacy Network Inc Madison, WI | $4,205,047 | $2,002,520 |
Ready Readers St Louis, MO | $1,581,585 | $1,585,720 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Chicago Citywide Literacy Coalition Chicago, IL | $1,103,489 | $1,225,090 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Chicago Heightening Opportunity And Potential For Educational Success Chicago, IL | $1,173,887 | $1,219,506 |