Speros Hope Inc
- Assets
- $961.6k
- Revenue
- -$106.4k
- Investments
- $789.9k
- Employees
- 1
- Location
- Englewood Cliffs, NJ
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1581542
Organization Overview
Speros Hope Inc is located in Englewood Cliffs, NJ. The organization was established in 2015. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Speros Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPERO'S HOPE IS AN ORGANIZATION DEDICATED TO HELPING HOURLY WORKERS IN THE NEW YORK CITY AREA BECOME MORE ECONOMICALLY SELF-SUFFICIENT BY PREPARING THEM FOR BETTER EMPLOYMENT OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO NY FOOD PANTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Baumgarten Program Manager | 20 | $30,160 | |
Jean Sheng Treasurer | Trustee | 5 | $0 |
Cordelia Boise President/secr | Trustee | 5 | $0 |
Valdine Bonheur Trustee | Trustee | 5 | $0 |
Jean Sheng Treasurer | 5 | $0 | |
Cordelia Boise President/secr | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $863 |
| Dividends & Interest | $15,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$147,882 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44 |
| Total Revenue | -$106,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $30,160 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,667 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,546 |
| Total operating and administrative expenses | $43,212 |
| Contributions, gifts, grants paid | $5,397 |
| Total expenses and disbursements | $48,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,687 |
| Savings and temporary cash investments | $0 |
| 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 | $789,854 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,100 |
| Total assets | $961,641 |
| 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 | $754 |
| Total liabilities | $754 |