New Hope For Youth
- Assets
- $1.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 40
- Location
- San Jose, CA
- Founding
- 03/2014
- Data as of
- 06/2022
- EIN
- 37-1737287
Organization Overview
New Hope For Youth is located in San Jose, CA. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, New Hope For Youth employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope For Youth 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 06/2022, New Hope For Youth generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 45.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED STATEMENTTHE ORGANIZATION IS DEDICATED TO SERVING AND REACHING OUT TO ALL GANG IMPACTED AS WELL AS AT-RISK YOUTH, YOUNG ADULTS, THEIR FAMILIES AND COMMUNITIES, BY MEANS OF EDUCATIONAL PROGRAMS, INDIVIDUAL AND FAMILY CARE, SUPPORT,AND RESOURCE OPPORTUNITIES THAT SUPPORT A HEALTHY, POSITIVE AND PRODUCTIVE LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AND REACHING OUT TO ALL GANG IMPACTED AS WELL AS AT-RISK YOUTH, YOUNG ADULTS, THEIR FAMILIES AND COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Rodriguez President | OfficerTrustee | 40 | $197,280 |
Mathew Stanek Vice President | OfficerTrustee | 2 | $0 |
Rachel Stanek Secretary | OfficerTrustee | 2 | $0 |
Annette Rodriguez Board Member | Trustee | 40 | $102,252 |
Grace Gonzalez Board Member | Trustee | 2 | $0 |
M'iggie Trevino Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,650,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,658,298 |
| Total Program Service Revenue | $990,634 |
| Investment income | $126 |
| 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 | $2,649,058 |
| 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. | $303,269 |
| Compensation of current officers, directors, key employees. | $111,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,298,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,354 |
| Payroll taxes | $137,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $86,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,906 |
| Advertising and promotion | $0 |
| Office expenses | $35,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,947 |
| 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 | $13,617 |
| Insurance | $12,957 |
| All other expenses | $27,985 |
| Total functional expenses | $2,337,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,386 |
| Savings and temporary cash investments | $541,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,533 |
| 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 | $13,156 |
| Net Land, buildings, and equipment | $33,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,278 |
| Total assets | $1,264,180 |
| Accounts payable and accrued expenses | $138,315 |
| Grants payable | $0 |
| Deferred revenue | $57,337 |
| 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 | $195,652 |
| Net assets without donor restrictions | $1,068,528 |
| 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 | $1,264,180 |