Hope & Future INC FY2022 filing

Tax-deductible

Union City, NJ501(c)(3)Since 2014EducationEIN 46-3756110

Hope+futures mission is to provide health and wellness programs for youth to give them hope in their academic, social and economic future.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$135K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
1 of 4
years in the black
Pt I · Ln 19 · 4 filings
How much reaches the programs?
95%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$135K
to officers and key staff · 51% of spending
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $10K
Funders’ Sch. I, 990-PF
Do they carry debt?
$155
liabilities
Pt X · Ln 26
Who oversees it?
5
independent of 7 voting board members
Pt VI · Ln 1a–1b
Revenue
$319K
+140% vs prior year
Spent
$264K
To programs
95%
Net assets
$109K
By yearFY2020–FY2025
Revenue
$319K
FY2022▲ +140%
Revenue by fiscal year
FY2020$104K
FY2021$133K
FY2022$319K
FY2023$386K
FY2024$60K
FY2025$17K
Expenses
$264K
FY2022
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$264K
FY2023$429K
FY2024$100K
FY2025$27K
Net assets
$109K
FY2022▲ +104%
Net assets by fiscal year
FY2020$48K
FY2021$54K
FY2022$109K
FY2023$66K
FY2024$26K
FY2025$16K

From the FY2022 Form 990 · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CHope & Future INC
EINHdr · item D46-3756110
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2014
Year of formationHdr · item L2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CUnion City, NJ
NTEE classificationIRS BMFEducation (B90)
WebsiteHdr · item Jwww.hope-future.us

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$250K
Management & general5%$14K
Total functional expensesLn 25$264K

Financial health

Is it on solid ground?

Program efficiency
95%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$109K
FY2022
Total assets by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$109K
FY2023$149K
FY2024$71K
FY2025$58K
Total liabilities
$155
FY2022
Total liabilities by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$155
FY2023$84K
FY2024$45K
FY2025$42K
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$109K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$65K
Total assetsLn 16$109K
Total liabilitiesLn 26$155
Total net assetsLn 32$109K
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Contributions & grants$313K · 98%
Other revenue$6K · 2%
Contributions & grants98%$313K
Other revenue2%$6K
Investment income$372
— government grantsLn 1e$241K
Total revenueLn 12$319K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $65K · Operating expenses/yr $264K
3.0 months
Where the money goes
Program services
Program services $250K · Total expenses $264K
95%
Management & General
Management & general $14K · Total expenses $264K
5%
Fundraising
Fundraising $0 · Total expenses $264K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $72K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $313K · Total revenue $319K
98%
Government reliance
Government grants $241K · Total revenue $319K
76%
Earned-income share
Program service revenue $0 · Total revenue $319K
0%
Investment reliance
Investment income $372 · Total revenue $319K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $264K
0%
Growth & trend
Revenue growth (YoY)
This year $319K · Prior year $133K
+140%
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $319K · Expenses $264K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $109K
—
Net-asset ratio
Net assets $109K · Total assets $109K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $109K
0%
People & payroll
Highest Reported Total Compensation
Individual Gian Paul Gonzalez-Alberti · Reported title Board Chair · Highest reported compensation $46K · Total expenses $264K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $151K · Total expenses $264K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Fundraising cost ratio 0%——
Revenue growth 140%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$46,000Pt VII · Sec A
Board Chair & Executive Director
$46,000Pt VII · Sec A
Director of Finance
$18,500Pt VII · Sec A
Director of Finance
$18,500Pt VII · Sec A
$6,000Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Gian Paul Gonzalez-Alberti’s $79K as Board Chair is at the 94th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Gian Paul Gonzalez-Alberti$78,750———
Gian Paul Gonzalez-Alberti—$46,000——
Gian Paul Gonzalez——$30,000$16,800
Sharona Obillos$19,000———
Elizabeth Christenson—$18,500——
Sharona Obillos—$6,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Offers health and wellness programs to empower youth for brighter academic, social, and economic futures.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $500K of program spending, described in the organization's own filed words · FY2022.
01

Hope+Future programs included athletic training, male leadership and mentoring clubs, female empowerment programming, health and nutrition education, an intramural basketball league, community volunteer trips, and most importantly assigned academic study periods to assist personal student growth.

$250Kprogram expense
02

Hope + Future programs included athletic training, male leadership and mentoring clubs, female empowerment programming, health and nutrition education, an intramural basketball league, community volunteer trips, and most importantly assigned academic study periods to assist personal student growth.

$250Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $17K$27K-72% 990 PDF
FY2024 $60K$100K-84% 990 PDF
FY2023 $386K$429K+21% 990 PDF
FY2022 Viewing $319K$264K+140% 990 PDF
FY2021 $133K—+28% 990 PDF
FY2020 $104K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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