Civic Intelligence

Hope Street Group

990 • Fiscal year 2013 • EIN 45-0497577

Jul 01, 2012 to Jun 30, 2013 • Filed on Mar 24, 2014

PO Box 1050686304
Siviq Scores

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

Liabilities / Assets

42nd percentile

0.07x

Higher debt load relative to assets than 42% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

90th percentile

39%

Faster asset growth than 90% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$2,001,347

Up $562,376 (+39%) from 2012

Net Assets

Up

$1,866,413

Up $520,560 (+39%) from 2012

Liabilities

Up

$134,934

Up $41,816 (+45%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,676,007

Up $184,642 (+12%) from 2012

Net Income

-

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $570,890Liabilities 2011: $0Net Assets 2011: $570,8902011Assets 2012: $1,438,971Liabilities 2012: $93,118Net Assets 2012: $1,345,8532012Assets 2013: $2,001,347Liabilities 2013: $134,934Net Assets 2013: $1,866,4132013Assets 2014: $3,903,474Liabilities 2014: $178,514Net Assets 2014: $3,724,9602014Assets 2015: $3,418,130Liabilities 2015: $507,198Net Assets 2015: $2,910,9322015Assets 2016: $3,026,631Liabilities 2016: $481,621Net Assets 2016: $2,545,0102016Assets 2017: $2,784,203Liabilities 2017: $69,388Net Assets 2017: $2,714,8152017Assets 2018: $1,406,235Liabilities 2018: $48,254Net Assets 2018: $1,357,9812018Assets 2019: $759,937Liabilities 2019: $42,311Net Assets 2019: $717,6262019Assets 2020: $1,588,905Liabilities 2020: $165,395Net Assets 2020: $1,423,5102020Assets 2021: $1,365,357Liabilities 2021: $318,250Net Assets 2021: $1,047,1072021Assets 2022: $998,929Liabilities 2022: $5,297Net Assets 2022: $993,6322022Assets 2023: $1,455,109Liabilities 2023: $8,976Net Assets 2023: $1,446,1332023Assets 2024: $1,655,733Liabilities 2024: $8,577Net Assets 2024: $1,647,1562024

Highlighted filing

2013

Assets$2,001,347
Liabilities$134,934
Net Assets$1,866,413

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $912,169Expenses 2011: $801,467Net Income 2011: $110,7022011Revenue 2012: $2,046,598Expenses 2012: $1,491,365Net Income 2012: $555,2332012Expenses 2013: $1,676,0072013Revenue 2014: $4,630,386Expenses 2014: $2,771,839Net Income 2014: $1,858,5472014Revenue 2015: $2,784,951Expenses 2015: $3,598,979Net Income 2015: -$814,0282015Revenue 2016: $4,040,315Expenses 2016: $4,406,237Net Income 2016: -$365,9222016Revenue 2017: $5,114,409Expenses 2017: $4,944,604Net Income 2017: $169,8052017Revenue 2018: $3,593,892Expenses 2018: $4,950,727Net Income 2018: -$1,356,8352018Revenue 2019: $2,553,415Expenses 2019: $3,193,770Net Income 2019: -$640,3552019Revenue 2020: $1,222,144Expenses 2020: $627,446Net Income 2020: $594,6982020Revenue 2021: $771,326Expenses 2021: $1,147,729Net Income 2021: -$376,4032021Revenue 2022: $766,335Expenses 2022: $806,251Net Income 2022: -$39,9162022Revenue 2023: $1,668,559Expenses 2023: $1,192,605Net Income 2023: $475,9542023Revenue 2024: $2,186,104Expenses 2024: $1,985,369Net Income 2024: $200,7352024

Highlighted filing

2013

Revenue-
Expenses$1,676,007
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Mar 24, 2014
Return Version
2012v2.0
Gross Receipts
$2,196,567
Mission and Program Overview

Mission

Hope street group is a national nonprofit, nonpartisan organization dedicated to expanding economic opportunity and prosperity for all americans

Major Activities

Activity 2
JOBS AND WORKFORCEHope Street Group has brought together a bipartisan and cross sector (business, education, policy, technology, youth, faith, etc) group of 50 plus leaders and innovators to co-create and support game-changing solutions to transform a fragmented hodgepodge of educational, workforce, and employer programs into an American Skills System fit for a dynamic 21st century economy. It builds a new bipartisan coalition to make federal policy supportive of these innovations at the national, state, and metropolitan levels. This approach is similar to Hope Street Group's successful K-12 education bipartisan working group, active in 2007-2008, which conceived and proposed a "Race to the Top" approach to federal policy that laid the groundwork for what would be become the US Department of Education's $4.3 billion Race to the Top competitive grant program, legislated as part of the American Recovery and Reinvestment Act. The second project within jobs is Hope Streets Digital Career Passport project, which we're working to prototype in collaboration with LinkedIn, Manpower, California Community Colleges, the Direct Employers Association, and a growing set of employer and technology partners. Initially aimed at young Americans (age 16-25), the Digital Career Passport will be a powerful platform to empower students and workers with the necessary tools and information from early in their secondary education through their entry into the job market and beyond, will help educational and vocational institutions provide more economically valuable training for jobs, meaningful careers, and lifelong learning, and will help employers look beyond crude indicators (e.g., years of experience, length of unemployment) to find undervalued job seekers who can be successful employees. It will also provide better tools for community-based organizations, high school counselors and others to more effectively guide young people toward robust opportunities. You can find more information about Hope Street Groups Jobs and Workforce initiative here. We are working to enlisting all the talents and capacities of American business, technology innovators, social entrepreneurs, government, and civic institutions to build an American Skills System that enables young Americans trying to get a step onto the ladder to find their own path to opportunity and fulfillment, helps all Americans to thrive in the context of meaningful work, and strengthens our economy. Hope Streets efforts have gained significant momentum in the past three months, with growing interest from policy makers, and numerous partner institutions stepping up to contribute their expertise, infrastructure, and support. We see a window of opportunity to change the trajectory of the jobs debate and outcomes in the next 12-24 months. We are looking to bring additional employers and technology partners into the mix. We are fortunate to have interest from institutional philanthropy to fund elements of this program. We also need flexible funding from individuals who want to contribute to such solutions to be able to continue to move policies and platforms quickly to reality.
Activity 3
Our 2013 Colloquium last March convened more than 80 influential thinkers from the fields of economics, business, government, education, health care, and more and challenged them to work together to create practical, innovative solutions that can be converted into action and, ultimately, results. The Colloquium energized and built momentum across our working partners, donors and new supporters and has lead to continued cultivation of donors and active networking opportunities across the country. It is a venue to bring stakeholders together to discuss how to implement solutions to these challenges from both the federal and local levels. Colloquium participants discussed challenges and barriers, and then built concise sets of interventions by looking at incentives and other behavior variables that will allow more opportunities to create a common language between all relevant stakeholders.
Filing and Contact Details

Filer

EIN
45-0497577
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IRS990/Activity2/Description0JOBS AND WORKFORCEHope Street Group has brought together a bipartisan and cross sector (business, education, policy, technology, youth, faith, etc) group of 50 plus leaders and innovators to co-create and support game-changing solutions to transform a fragmented hodgepodge of educational, workforce, and employer programs into an American Skills System fit for a dynamic 21st century economy. It builds a new bipartisan coalition to make federal policy supportive of these innovations at the national, state, and metropolitan levels. This approach is similar to Hope Street Group's successful K-12 education bipartisan working group, active in 2007-2008, which conceived and proposed a "Race to the Top" approach to federal policy that laid the groundwork for what would be become the US Department of Education's $4.3 billion Race to the Top competitive grant program, legislated as part of the American Recovery and Reinvestment Act. The second project within jobs is Hope Streets Digital Career Passport project, which we're working to prototype in collaboration with LinkedIn, Manpower, California Community Colleges, the Direct Employers Association, and a growing set of employer and technology partners. Initially aimed at young Americans (age 16-25), the Digital Career Passport will be a powerful platform to empower students and workers with the necessary tools and information from early in their secondary education through their entry into the job market and beyond, will help educational and vocational institutions provide more economically valuable training for jobs, meaningful careers, and lifelong learning, and will help employers look beyond crude indicators (e.g., years of experience, length of unemployment) to find undervalued job seekers who can be successful employees. It will also provide better tools for community-based organizations, high school counselors and others to more effectively guide young people toward robust opportunities. You can find more information about Hope Street Groups Jobs and Workforce initiative here. We are working to enlisting all the talents and capacities of American business, technology innovators, social entrepreneurs, government, and civic institutions to build an American Skills System that enables young Americans trying to get a step onto the ladder to find their own path to opportunity and fulfillment, helps all Americans to thrive in the context of meaningful work, and strengthens our economy. Hope Streets efforts have gained significant momentum in the past three months, with growing interest from policy makers, and numerous partner institutions stepping up to contribute their expertise, infrastructure, and support. We see a window of opportunity to change the trajectory of the jobs debate and outcomes in the next 12-24 months. We are looking to bring additional employers and technology partners into the mix. We are fortunate to have interest from institutional philanthropy to fund elements of this program. We also need flexible funding from individuals who want to contribute to such solutions to be able to continue to move policies and platforms quickly to reality.
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IRS990/Description0Education Program:Development of our strategic plan with Wellspring Consulting--in collaboration with Hope Street Group's CEO and BOD--the organization worked quite intensely to establish a platform for our larger mission of economic vitality and widespread prosperity, and to provide a framework for how the policies areas of education, health care, and job creation relate. Over several months, we worked to identify what metrics and milestones we need to achieve over the next five years in order to be successful and provided detailed information on finances, governance protocol and documents and employment trajectory. This plan began in 2011 and finished in early 2012 which has helped shape our most current initiatives. HSG engaged a premier education consulting firm, Education First, to lead us through developing a coherent strategic plan for our education work -- Since education represents our largest program in terms of funding, the intention was to establish the framework for this work first and then follow that effort with an organizational strategic planning initiative. The work that Education First provided included 20+ interviews with a wide-range of stakeholders (including funders), a thorough landscape analysis, a comprehensive review of our work, and interviews with internal Hope Street Group staff and board. What we found was that our education program work had been spread too thin. As a result, we had become "nice but not essential" - a provider of technical support without strategic leadership. While this conclusion was not entirely surprising, the discovery was a catalyst for our reinvention. Thus, beginning in 2012, Hope Street Group will focus more thoroughly on fewer programs and provide more meaningful support in one to two states (a reduction of eight). Expanded our technology for more teacher voice groups to engage on our platform in decision making and general education discussions--connecting teachers with teachers.EDUCATION PROGRAM: Serve as teacher voice group by providing various opportunities for teachers to engage with policy makers and other stakeholdersSome of our key programs included:1) The launch of our Teacher Evaluation Playbook -- an online toolkit, an evolving "best-practices" repository that describes the process and resources used to engage teachers around reinventing educator evaluation with the input of many voices. The information in the Playbook builds on Hope Street Group's years of work on teacher-based evaluation reform efforts and represents over 200 pages of interviews with policymakers, teachers, private-sector consultants and more who have direct experience designing evaluation systems, including an in-depth look into the engagement efforts used by first-round Race to the Top-winning states, Delaware and Tennessee. The Playbook seeks to build understanding into how policymakers are overcoming some of the most difficult aspects of reforms, including successfully engaging teachers and designing reliable student assessments.We launched the beta Playbook across more than twenty-five states (including in-person and phone meetings) and are consistently in communication with contacts from these states, working with them to use the Playbook and also asking for feedback to enhance the Playbook. We also know that the Playbook is being used by state level policymakers, which is the core audience for whom we intended the Playbook. 2) We scaled and institutionalized our National Teacher Fellow Program - This is a highly competitive opportunity for classroom teachers and school instructional coaches from across the country who are leaders among their peers and want to contribute their ideas and expertise to help shape national policy. By contributing fifteen to twenty hours a month, they participated in meaningful online and in-person dialogue with other outstanding teachers from across the country, sharing their experiences with reform and advocating for education policy changes. National Te
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IRS990/MissionDescription0Hope Street Group is a 501c3 organization working to strengthen the foundational underpinnings of the economy - education, healthcare and jobs - by identifying and promoting rational methods of incentivizing better outcomes. They are bipartisan, results-oriented and bring together a variety of experienced practitioners to collaborate in the pursuit of policy innovation. Hope Street Group uses its findings to influence and inform policy, and to implement and spread ideas that are working.
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IRS990ScheduleO/GeneralExplanation/Explanation0AN AUDIT COMMITTEE WAS ESTABLISHED WHEN IT WAS NECESSARY TO HAVE AN AUDIT. THE MEMBERS ARE INDEPENDENT BOARD MEMBERS. THEY WILL COMMUNICATE WITH THE INDEPENDENT ACCOUNTANTS AND REVIEW ALL AUDIT REPORTS.
IRS990ScheduleO/GeneralExplanation/Explanation1MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/GeneralExplanation/Explanation2CONFIDENTIAL PEER AND EXECUTIVE EVALUATIONS ARE SUBMITTED TO EXECUTIVE REVIEW COMMITTEE; RECENT MARKET COMPENSATION SURVEY IS PROVIDED; EXECUTIVE REVIEW COMMITTEE EVALUATES DATA; EXECUTIVE COMMITTEE MAKES RECOMMENDATION AND PRESENTS TO BOARD FOR APPROVAL; DETERMINATIONS ARE APPROVED OR MODIFIED AS REQUIRED BY CONSENSUS.
IRS990ScheduleO/GeneralExplanation/Explanation3PRESIDENT OBTAINS WRITTEN CONFLICT OF INTEREST STATEMENT AT BOARD MEETING OR BY MAIL OR EMAIL ANNUALLY.
IRS990ScheduleO/GeneralExplanation/Explanation4Copy in PDF emailed to the Board Members
IRS990ScheduleO/GeneralExplanation/Explanation5OTHER PROGRAM SERVICES 4: Health care:Following the successful completion of the Using Open Innovation to Reinvent Primary Care project, we engaged in a three-month promotion of the recommendations. The promotional efforts included meetings with top policymakers such as Dr. Don Berwick and Senator Warner. In addition, the report was actively promoted via social media.As a result of the promotion process, we began to collect feedback from a variety of stakeholders in the health care policy landscape. We wanted to assess which recommendations in the report would be most aligned with our overall goal of promoting policies to drive down costs while improving outcomes. We spent the first quarter of 2012 convening a health policy council that would attend our Annual Colloquium to review this question. In addition, we engaged in a strategic planning process to assess where Hope Street Group should focus.Health Care Policy Council and the Annual ColloquiumThe Hope Street Group Health Care Policy council is led by Bob Kocher (Hope Street Group board member) and includes Colloquium facilitation support provided by Kavita Patel (Managing Director, Clinical Transformation and Delivery, Engelberg Center for Health Care Reform, Brookings Institute). Together, in collaboration with Monique Nadeau (Hope Street Group President/CEO), they have been recruiting supporters for our efforts and selecting participants for the Council who will attend the Colloquium.Hope Street Groups 2012 Annual Colloquium will highlight and explore solutions to the systemic obstacles to the American Dream. Nationwide, outdated systems are being realigned through what we at Hope Street Group call, policy transformations. These policy transformations are creating better incentives at the local and state level to improve education for our children, enhance the quality and efficiency of our healthcare, and create jobs. When approached holistically, these transformations offer the early sketches of a blueprint for how to pragmatically transform our nation.This year, the Colloquium will take place at the Kaiser Family Foundation on May 24, 2012 in Washington, DC. It will feature over 70 national, state and local leaders in politics, philanthropy, business and government, all trailblazers in issue areas that have a direct impact on the economic opportunities in America. This event will provide these leaders and practitioners the opportunity to come together to expand and/or develop solutions to some of the most complicated problems of our time.Strategic PlanningHope Street Group engaged in an organization-wide strategic planning process that included a complete review of our work, approach, and model. The goal of the organizational strategic planning has been to establish a platform for the larger mission of economic opportunity and to provide a framework for how the policies areas of education, health care, and job creation relate. .As part of the strategic planning process, we evaluated the structure and focus of the health care work. We hired a premier strategic planning firm, Wellspring, to develop a three year strategic plan. Wellspring has been helpful in coordinating our thoughts, conducting interviews, and documenting options. Similarly, Wellspring conducted 20+ interviews and conducted a landscape analysis. Their work was completed in January of the New Year, and we are incredibly encouraged by the direction Based on this work, in 2012 we expect to test the payment reform use case against donor receptivity and harmonics with our mission.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part XII, Line 2c
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 15a
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part III, Line 4d
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part III, Line 4d: Other Program Services Description
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.01$1.65$2.19$1.99$0.20
2023Summary only. Only limited summary data is available for this year.$1.46$0.01$1.45$1.67$1.19$0.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.01$0.99$0.77$0.81$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.32$1.05$0.77$1.15$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.17$1.42$1.22$0.63$0.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.04$0.72$2.55$3.19$0.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.05$1.36$3.59$4.95$1.36
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.07$2.71$5.11$4.94$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$0.48$2.55$4.04$4.41$0.37
2015Detailed filing. Detailed filing data is available for this year.$3.42$0.51$2.91$2.78$3.60$0.81
2014Detailed filing. Detailed filing data is available for this year.$3.90$0.18$3.72$4.63$2.77$1.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.13$1.87$1.68
2012Summary only. Only limited summary data is available for this year.$1.44$0.09$1.35$2.05$1.49$0.56
2011Summary only. Only limited summary data is available for this year.$0.57$0.00$0.57$0.91$0.80$0.11