Civic Intelligence

New Foundation of Hope

990 • Fiscal year 2021 • EIN 26-0056052

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 10, 2022

8146 S Kedzie AveChicago, IL 60652-2605

(773) 937-4040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

40th percentile

1.9%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$8,291

No earlier filing loaded for comparison.

Net Assets

$8,291

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$433,052

No earlier filing loaded for comparison.

Expenses

$424,761

No earlier filing loaded for comparison.

Net Income

$8,291

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2021: $8,291Liabilities 2021: $0Net Assets 2021: $8,2912021Assets 2022: $20,453Liabilities 2022: $0Net Assets 2022: $20,4532022Assets 2023: $18,754Liabilities 2023: $0Net Assets 2023: $18,7542023

Highlighted filing

2021

Assets$8,291
Liabilities$0
Net Assets$8,291

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2021: $433,052Expenses 2021: $424,761Net Income 2021: $8,2912021Revenue 2022: $790,926Expenses 2022: $778,764Net Income 2022: $12,1622022Revenue 2023: $749,289Expenses 2023: $750,988Net Income 2023: -$1,6992023

Highlighted filing

2021

Revenue$433,052
Expenses$424,761
Net Income$8,291
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 10, 2022
Return Version
2021v4.2
Gross Receipts
$433,052
Mission and Program Overview

Mission

The mission of New Foundation of Hope is to provide a safe alternative for youth between the ages of 7-18 years while bridging the gap between the end of the school day and the end of the work for parents.

The Program Activities of the New Foundation Of Hope are follows but not limited to After School Summer Camp, Mentorship Program, Food Distribution Holiday Event for Children, Dance Choreography Classes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$8,291-
Total Assets$0$8,291▲ $8,291
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$8,291-
Total Net Assets Fund Balance$0$8,291▲ $8,291
Total Liabilities and Net Assets / Fund Balance$0$8,291▲ $8,291
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ron MasonExec DirectorFT$70,000$70,000

Board Members and Trustees

NameTitle
De One JohnsonAsst. Dircector
Revenue and Support

Revenue Composition

Contributions and Grants
$433,052
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$433,052
Change in Net Assets
$8,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,181
Salaries, Compensation, and Employee Benefits$169,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$132,000-$132,000
Fees for Services Management$63,506--$63,506
Occupancy$34,351--$34,351
Other Salaries and Wages-$32,000-$32,000
Fees for Services Other$27,080--$27,080
All Other Expenses$19,546--$19,546
Other Expenses$17,215--$17,215
Insurance$11,515--$11,515
Conferences and Meetings$6,034--$6,034
Payroll Taxes$5,580--$5,580
Travel$3,097--$3,097
Fees for Services Accounting$2,000--$2,000
Total Functional Expenses$260,761$164,000$0$424,761
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

2021 Tax Return was reviewed by the Board of Directors

Filing and Contact Details

Filer

Filer Name
New Foundation of Hope
EIN
26-0056052
Phone
7739374040
Address
8146 S Kedzie Ave, Chicago, IL 60652-2605

Signing Officer

Name
Ron Mason
Title
Exexcutive Director
Phone
7739374040
Signed
2022-06-10
Discuss with paid preparer
No

Organization Details

Principal Officer
Ron Mason
Formed
2002
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
0
Employees
4

Preparer

Firm
SMJ Group of Illinois LLC
Address
320 W Lanier Avenue, Fayetteville, GA 30214
Preparer
Robert E Harris
Phone
7088259657
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