Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 263,703 | 478,403 | 450,078 | 538,307 | 607,157 | 2,337,648 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 263,703 | 478,403 | 450,078 | 538,307 | 607,157 | 2,337,648 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 140,881 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 2,196,767 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 263,703 | 478,403 | 450,078 | 538,307 | 607,157 | 2,337,648 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 1,927 | 1,927 | ||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 88 | 88 | ||||
| 11 | Total support. Add lines 7 through 10 | 2,339,663 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| Schedule A, Part II, Line 10 | 2024 - credit card rewards $88 |
| Software ID: | 24021167 |
| Software Version: | v1.00 |
| Return Reference | Explanation |
|---|---|
| Form 990, Part I, Line 1 | Significant services offered by H.O.P.E. include the following: Rental Assistance - Housing insecurity is one of the greatest threats to a single parent's ability to finish college. H.O.P.E. provides up to $400 per month in rental assistance to stabilize families during their academic journey. This safety net keeps families in their homes, alleviates financial stress, and gives parents the peace of mind to focus on graduating. | Childcare Assistance - We provide up to $400 per month in childcare subsidies so parents can attend classes, study, and work without sacrificing their children's safety or care. This support ensures children are in nurturing environments while their parents pursue education that will open doors to better-paying careers and long-term self-sufficiency. | Budget Coaching - Each parent is matched with a professional budget coach who teaches financial literacy, budgeting, debt reduction, and savings-building strategies. This one-on-one coaching helps families build credit, develop financial confidence, and establish the skills to maintain stability long after graduation. | Counseling - Balancing parenting and higher education is emotionally demanding. H.O.P.E. offers access to professional counseling to help parents process trauma, manage stress, and build resilience. Mental health support strengthens their ability to persist in school while modeling healthy coping strategies for their children. | Social Services Navigation - Our team connects parents to vital community resources including healthcare, food assistance, transportation, and academic supports. By removing these barriers, we enable parents to concentrate on their studies while ensuring their families' essential needs are met. | Grocery and Gas Gift Cards - We provide quarterly $250 grocery cards and $100 gas cards to reduce everyday financial strain. These flexible supports cover basic costs like food and transportation that, if unmet, can derail a parent's progress in school. | Mentoring and Life Skills Coaching - Beyond material support, we surround parents with mentorship and life skills coaching. Participants gain confidence, leadership skills, and guidance in balancing school and parenting-becoming strong role models for their children and peers. | Lasting Impact - In 2024, H.O.P.E. Inc. served 30 single parents and 48 children through our Mildred Dowdley Gift of HOPE (MDGH) program. Our results are transformative: * 82% graduation rate, with five new graduates in 2024 alone * 100% of participants on track to graduate within six years * 20% of graduates became homeowners * Average graduate income rose 179% (from $25,062 to $69,947) * Average savings balances increased 932%, reaching $5,601 * Average credit scores improved from 607 to 614 * 53% of graduates are first-generation college students When a single parent earns a college degree, it changes the trajectory of an entire family-creating ripples of hope, stability, and opportunity for generations to come. |
| Form 990, Part VI, Section B, Line 11b | The 990 return is presented to the Executive Director for review and presented to the Board for approval. |
| Form 990, Part VI, Section B, Line 12c | The Board developed the Board Policies and Procedures Manual. The manual describes the enforcement and monitoring of the conflict of interest policy. The organization has a written whisleblower policy which is described in the Board Policies and Procedures Manual. The organization has a written document retention and destruction policy which is described in the Board Policies and Procedures Manual. |
| Form 990, Part VI, Section B, Line 15 | The Board determines salary by reviewing the Nonprofit Compensation report from GuideStar and evaluating performance against revenue, accompanied with credentials and skill. |
| Form 990, Part VI, Section C, Line 18 | A request for a copy of the 990 in writing to the address on record or via email to INFO@HOPBE.ORG. The request will be provided in a reasonable amount of time. |
| Form 990, Part VI, Section C, Line 19 | No documents available to the public. |
| Form 990, Part VIII, Line 1f | In addition to the revenue reported on Form 990, Part VIII, HOPE received in-kind support for donated internet-based advertising services. Specifically for 2024, HOPE received up to $10,000 per month in free AdWords Advertising from Google from a Google Grant which HOPE was awarded. HOPE used the grant to advertise AdWord campaigns that directed users (potential applicants and/or potential donors) to HOPE's website. HOPE also advertised its blog and newsletter in these campaigns. For 2024 the value of these donated advertising services was $114,780. This amount is not reflected on Part VIII per the Form 990 instructions. |
| Form 990, Part IX, Line 12 | In addition to the expenses reported on Form 990, Part IX, HOPE received in-kind support for donated internet-based advertising services (see note regarding Google AdWords donation - Form 990, Part VIII, Line 1f). The value of these donated advertising services used in 2024 was $114,780. This amount is not reflected on Part IX per the Form 990 instructions. In addition, the exclusion of the contributed services resulted in a lower Program Expense Percentage over total expenses. If the contributed services were included, the Program Percentage would be 64.8%. |
| Software ID: | 24021167 |
| Software Version: | v1.00 |