Civic Intelligence

Nourishing Hope

990 • Fiscal year 2023 • EIN 36-2734184

Apr 01, 2022 to Mar 31, 2023 • Filed on Nov 03, 2023

3945 N Sheridan RoadChicago, IL 60613

(773) 525-1777

Siviq Scores

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

Liabilities / Assets

49th percentile

0.18x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

30th percentile

0.11x

Higher debt load relative to revenue than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

26th percentile

-5.1%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$260,545

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

56th percentile

8.1%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$9,540,947

Up $711,475 (+8.1%) from 2022

Net Assets

Down

$7,864,596

Down $804,195 (-9.3%) from 2022

Liabilities

Up

$1,676,351

Up $1,515,670 (+943%) from 2022

Revenue

Up

$15,894,880

Up $2,198,885 (+16%) from 2022

Expenses

Up

$16,699,075

Up $2,826,972 (+20%) from 2022

Net Income

Down

-$804,195

Down $628,087 (-357%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $4,006,478Liabilities 2016: $269,172Net Assets 2016: $3,737,3062016Assets 2017: $4,437,200Liabilities 2017: $478,058Net Assets 2017: $3,959,1422017Assets 2018: $4,521,540Liabilities 2018: $308,500Net Assets 2018: $4,213,0402018Assets 2019: $5,043,991Liabilities 2019: $348,899Net Assets 2019: $4,695,0922019Assets 2020: $5,763,649Liabilities 2020: $183,606Net Assets 2020: $5,580,0432020Assets 2021: $8,878,630Liabilities 2021: $33,731Net Assets 2021: $8,844,8992021Assets 2022: $8,829,472Liabilities 2022: $160,681Net Assets 2022: $8,668,7912022Assets 2023: $9,540,947Liabilities 2023: $1,676,351Net Assets 2023: $7,864,5962023Assets 2024: $10,706,445Liabilities 2024: $1,432,479Net Assets 2024: $9,273,9662024Assets 2025: $10,835,555Liabilities 2025: $1,947,408Net Assets 2025: $8,888,1472025

Highlighted filing

2023

Assets$9,540,947
Liabilities$1,676,351
Net Assets$7,864,596

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2016: $4,893,949Expenses 2016: $4,561,504Net Income 2016: $332,4452016Revenue 2017: $4,825,355Expenses 2017: $4,603,519Net Income 2017: $221,8362017Revenue 2018: $5,454,441Expenses 2018: $5,200,543Net Income 2018: $253,8982018Revenue 2019: $6,331,987Expenses 2019: $5,849,935Net Income 2019: $482,0522019Revenue 2020: $9,470,475Expenses 2020: $8,585,524Net Income 2020: $884,9512020Revenue 2021: $17,999,786Expenses 2021: $14,734,930Net Income 2021: $3,264,8562021Revenue 2022: $13,695,995Expenses 2022: $13,872,103Net Income 2022: -$176,1082022Revenue 2023: $15,894,880Expenses 2023: $16,699,075Net Income 2023: -$804,1952023Revenue 2024: $20,218,734Expenses 2024: $18,813,713Net Income 2024: $1,405,0212024Revenue 2025: $19,635,067Expenses 2025: $20,025,120Net Income 2025: -$390,0532025

Highlighted filing

2023

Revenue$15,894,880
Expenses$16,699,075
Net Income-$804,195
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$16,113,011
Mission and Program Overview

Mission

Nourishing hope provides food, mental health support, and social services to help all our neighbors thrive.

Provide food assistance and mental health to chicago community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,823,946$3,792,821▼ $31,125
Savings and Temporary Cash Investments$3,970,830$2,866,009▼ $1,104,821
Intangible Assets-$1,280,556-
Cash and Non-Interest-Bearing Accounts$369,118$927,946▲ $558,828
Inventories for Sale or Use$349,641$355,986▲ $6,345
Pledges and Grants Receivable$136,364$88,517▼ $47,847
Prepaid Expenses and Deferred Charges$100,973$82,452▼ $18,521
Accounts Receivable-$70,001-
Total Assets$8,829,472$9,540,947▲ $711,475
Other Assets Total$78,600$76,659▼ $1,941
Liabilities
Other Liabilities$0$1,447,289▲ $1,447,289
Accounts Payable and Accrued Expenses$160,681$229,062▲ $68,381
Total Liabilities$160,681$1,676,351▲ $1,515,670
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,668,791$7,864,596▼ $804,195
Total Net Assets Fund Balance$8,668,791$7,864,596▼ $804,195
Total Liabilities and Net Assets / Fund Balance$8,829,472$9,540,947▲ $711,475

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,480,664$1,075,601$2,556,265
Leasehold Improvements$1,724,657$27,927$1,752,584
Equipment$250,279$600,744$851,023
Land$337,221-$337,221
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KELLIE O'CONNELL-MILLERCEOFT$195,524$65,021$260,545
Jennifer HullChief Program OfficerFT$135,419$12,909$148,328
Kathryn LyonsCheif Developmeny OfficerFT$104,797$19,900$124,697

Board Members and Trustees

NameTitle
Rich NealDevelopment and Marketing Cochair
Susan SilverDevelopment and Marketing Cochair
Dale CabrieraFinance Chair
David StoneFinance Chair (outgoing)
Robert RizzoGovernance Chair
Marc BrennerPresident
Maura DalyVice President
Bill PeluchiwskiBoard Member
Corey RochkinBoard Member
Danielle HarrisBoard Member
Jane MccahonBoard Member
Jessica DunneBoard Member
Kanchana SureshBoard Member
Lindsey DevarBoard Member
Mandy PekinBoard Member
Martin MontesBoard Member
Michael HermanBoard Member
Pamela Moore-thompsonBoard Member
Philp KinnisonBoard Member
Rob KleczynskiBoard Member
Scott LernerBoard Member
Annette HeringBoard Member (outgoing)
Jami JosefsonBoard Member (outgoing)
Tony ArmourBoard Member (outgoing)
Eric WhiteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$15,967,361
Program Service Revenue
$0
Investment Income
$51,408
Other Revenue
$-123,889
All Other Contributions
$14,456,354
Change in Net Assets
$-804,195

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory252$8,878,798Per Pound
Total Noncash Contributions252$8,878,798-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,894,880
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,894,880
Total Revenue per Form 990
$15,894,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,281,017
Salaries, Compensation, and Employee Benefits$4,163,935
Other Expenses$3,254,123
Total Fundraising Expense$1,088,294
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,281,017--$9,281,017
Other Salaries and Wages$2,202,647$539,390$449,522$3,191,559
Occupancy$890,058$258,330$51,666$1,200,054
Other Expenses$106,323$94,171$348,298$548,792
Depreciation Depletion$350,975$125,349$25,070$501,394
Office Expenses$325,792$79,428$66,489$471,709
Fees for Services Other$102,589$307,767-$410,356
Other Employee Benefits$266,891$65,357$54,468$386,716
Payroll Taxes$218,635$53,540$44,620$316,795
Current Officers, Directors, Trustees, and Key Employees$158,429$38,797$32,332$229,558
Insurance$50,433$12,350$10,293$73,076
Fees for Services Accounting$12,186$36,556-$48,742
Pension Plan Contributions$27,128$6,643$5,536$39,307
Total Functional Expenses$13,993,103$1,617,678$1,088,294$16,699,075

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,699,075
Total Expenses per Audited Statements$16,699,075
Total Expenses per Form 990$16,699,075
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$218,131
Fundraising Gross Income$92,400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$1,197,396$92,400$218,131$-125,731
Total Events$1,197,396$92,400$218,131$-125,731
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,447,289
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The return is sent to the finance committee for full review before filing. After the finance committee's review, a copy of the return goes to the full board.

Form 990, Part VI, Section B, Line 12C

The organization has a very detailed conflict of interest policy. All directors, officers and committee members sign annual written conflict of interest policy acknowledgements.

Form 990, Part VI, Section B, Line 15A

The ceo's review, resulting in a recommendation concerning salary and compensation, is overseen by a team of board members. Their recommendations are presented and approved by the full board's vote. Other top level staff are reviewed by the ceo in consultation with the executive committee, and compensation funds are budgeted at the beginning of the year to be used based on the employee's performance review. Salary data, from sources such as studio watershed, guide star, and non profit times is used to ensure an accurate comparative analysis.

Form 990, Part VI, Section C, Line 19

All required documents are available upon request at the organization's office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Nourishing Hope
EIN
36-2734184
Phone
7735251777
Address
3945 N SHERIDAN ROAD, CHICAGO, IL 60613

Signing Officer

Name
Dana Bakker
Title
Director of Finance
Phone
7735251777
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
KELLIE O'CONNELL
Formed
1970
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
82
Volunteers
6,400

Preparer

Firm
Cohnreznick Llp
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Laura Kielczewski
Phone
9732283500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

The company is exempt from income tax under section 501(c)(3) of the internal revenue code and applicable state law and has been granted status as a publicly supported organization under section 501(a)(1). The company did not earn any unrelated business income during the fiscal year ended march 31, 2023. The company's form 990, return of organization exempt from income tax, for the years ended 2020, 2021 and 2022 are subject to examination by the irs, generally for three years after they were filed. Management has analyzed the tax positions taken by the company and has concluded that, as of march 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990/ActivityOrMissionDesc0PROVIDE FOOD ASSISTANCE AND MENTAL HEALTH TO CHICAGO COMMUNITY.
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IRS990/Form990PartVIISectionAGrp/PersonNm15MAURA DALY
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL HERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17PAMELA MOORE-THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm18PHILP KINNISON
IRS990/Form990PartVIISectionAGrp/PersonNm19RICH NEAL
IRS990/Form990PartVIISectionAGrp/PersonNm20ROB KLECZYNSKI
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT RIZZO
IRS990/Form990PartVIISectionAGrp/PersonNm22SCOTT LERNER
IRS990/Form990PartVIISectionAGrp/PersonNm23SUSAN SILVER
IRS990/Form990PartVIISectionAGrp/PersonNm24TONY ARMOUR
IRS990/Form990PartVIISectionAGrp/PersonNm25KELLIE O'CONNELL-MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm26JENNIFER HULL
IRS990/Form990PartVIISectionAGrp/PersonNm27KATHRYN LYONS
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHEIF DEVELOPMENY OFFICER
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IRS990/MissionDesc0NOURISHING HOPE'S VISION IS TO BE A RELIABLE AND INNOVATIVE HUNGER-RELIEF RESOURCE IN THE COMMUNITIES WE SERVE, AND TO BE A MODEL OF DIGNIFIED, EFFECTIVE, AND COLLABORATIVE SERVICE DELIVERY. WE REALIZE THIS VISION BY REMAINING PROACTIVE AND ADAPTABLE TO CHANGING CIRCUMSTANCES, WHILE CONSTANTLY STRIVING TO IMPROVE. OUR ULTIMATE GOAL IS A HUNGER-FREE CHICAGO.
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