Hopeway Foundation FY2021 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 2014Health CareEIN 46-4510365

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To broaden the scope of mental health care and education.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $764K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $143K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8.4M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.9M
+39% vs prior year
Spent
$13.0M
To programs
84%
Net assets
$24.1M
By yearFY2020–FY2024
Revenue
$14.9M
FY2021▲ +39%
Revenue by fiscal year
FY2020$10.7M
FY2021$14.9M
FY2022$16.1M
FY2023$20.6M
FY2024$19.8M
Expenses
$13.0M
FY2021▲ +14%
Expenses by fiscal year
FY2020$11.4M
FY2021$13.0M
FY2022$15.2M
FY2023$17.2M
FY2024$21.5M
Net assets
$24.1M
FY2021▲ +9%
Net assets by fiscal year
FY2020$22.2M
FY2021$24.1M
FY2022$24.8M
FY2023$28.3M
FY2024$26.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $10.9M Management & general 12% · $1.5M Fundraising 4% · $528K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
$455,817Pt VII · Sec A
Psychiatrist
$308,143Pt VII · Sec A
Director of Medical Services
$305,526Pt VII · Sec A
Psychiatrist
$245,710Pt VII · Sec A
Psychiatrist
$232,446Pt VII · Sec A
$224,300Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Alyson R Kuroski-Mazzei’s $593K as CEO is at the 82nd percentile of top reported officer pay among 2901 $10–100M health care 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alyson R Kuroski-Mazzei$592,729$539,592$515,665$455,817$467,600
Kevin Marra$438,115$409,998$388,666$305,526$354,518
Justin Johnson$405,763$372,425$370,600$308,143—
Greer Mitchell$373,109$375,957$293,677——
Angela Fedchenko$316,350————
Jason Peck—$307,275——$174,513
Catherine Walsh$291,890$258,022$236,500$224,300$221,873
Angela Kuntz—$287,889$265,048$245,710$233,073

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.

See Hopeway Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Expands access to mental health care and education for all.

Provided by the organization

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1 program · $10.9M · in their own filed words · FY2021
01

HopeWay is an accredited North Carolina non-profit residential and day mental health treatment center for adults. HopeWay's continuum of care meets the needs of adults living with mental illness and their families with residential care and day treatment programs as well as after-care planning with a goal of helping clients live…

$10.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
See all 5 funders →
Grants paid · 5 grants · $2.0M · 2020–2024
Unitemized GrantFY2024$607,462
Unitemized GrantFY2023$299,770
Unitemized GrantFY2022$561,850
Unitemized GrantFY2021$273,765
Unitemized GrantFY2020$285,144

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$14.9M
Ln 12
Fees for servicesLn 2g$11.1M
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$3K
Money outPt IX
$13.0M
Ln 25
Programscol B$10.9M
Managementcol C$1.5M
Fundraisingcol D$528K
Owns and owesPt X
$24.1M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$32.6M
LiabilitiesLn 26$8.4M
PeoplePt VI, VII
22
listed · VII A
PaidVII A6
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$251K
Fees for servicesLn 2g$11.1M
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$14.9M
Assets in detailPt X, end of year
CashLn 1$6.6M
SavingsLn 2$619K
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$18.3M
Other assetsLn 15$397K
Total assetsLn 16$32.6M
LiabilitiesLn 26$8.4M
Net assetsLn 32$24.1M
OperationsPt I, VI
EmployeesI 5126
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.9M$7.2M
InvestmentsLn 11–13$4.8M$4.9M
Land, buildings, equipmentLn 10c$19.0M$18.3M
Total assetsLn 16$30.1M$32.6M
LiabilitiesLn 26$7.9M$8.4M
Net assetsLn 32$22.2M$24.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$274K$274K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.9M$1.6M$202K$125K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$6.9M$5.5M$1.1M$223K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$839K$783K$56K
Advertising and promotionLn 12$433K$289K$144K
Office expensesLn 13$0
Information technologyLn 14$336K$291K$39K$5K
RoyaltiesLn 15$0
OccupancyLn 16$710K$667K$33K$11K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$440K$437K$3K$405
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$807K$742K$48K$16K
InsuranceLn 23$120K$114K$4K$1K
Other expenses (24a–d)Ln 24$230K$194K$34K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$13.0M$10.9M$1.5M$528K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $19.8M$21.5M−$1.7M$26.5M 990 PDF
FY2023 $20.6M$17.2M$3.4M$28.3M 990 PDF
FY2022 $16.1M$15.2M$829K$24.8M 990 PDF
FY2021 Viewing $14.9M$13.0M$1.9M$24.1M 990 PDF
FY2020 $10.7M$11.4M−$651K$22.2M 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $14,897,275 across 11 lines filed
VIII-1e Government grants$1,093,000
VIII-1f All other contributions, gifts and grants$2,718,602
VIII-1g Noncash contributions (included above)$250,540
VIII-1h Total contributions, gifts and grants$3,811,602
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,082,617$11,082,617
VIII-3 Investment incomeExcluded from tax $3,056$3,056
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $11,082,617 · Excluded from tax $3,056$14,897,275
Part IX · Statement of functional expenses $12,954,211 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $273,765$273,765
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,551,156 · Management $202,125 · Fundraising $125,458$1,878,739
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $5,539,761 · Management $1,124,017 · Fundraising $222,990$6,886,768
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $782,808 · Management $56,301$839,109
IX-12 Advertising and promotionPrograms $289,359 · Fundraising $143,706$433,065
IX-13 Office expenses$0
IX-14 Information technologyPrograms $290,796 · Management $39,474 · Fundraising $5,395$335,665
IX-15 Royalties$0
IX-16 OccupancyPrograms $666,882 · Management $32,703 · Fundraising $10,901$710,486
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $436,588 · Management $2,858 · Fundraising $405$439,851
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $742,378 · Management $48,416 · Fundraising $16,139$806,933
IX-23 InsurancePrograms $113,716 · Management $4,369 · Fundraising $1,456$119,541
IX-24 Other expenses (24a–d)Programs $194,223 · Management $34,134 · Fundraising $1,932$230,289
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $10,881,432 · Management $1,544,397 · Fundraising $528,382$12,954,211
Part X · Balance sheet $32,563,344 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $3,269,559$6,594,135
X-2 Savings and temporary cash investmentsStart of year $618,834$618,854
X-3 Pledges and grants receivableStart of year $606,117$433,817
X-4 Accounts receivableStart of year $1,358,212$1,313,689
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $95,765$73,416
X-10c Land, buildings and equipment, netStart of year $19,006,686$18,253,459
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $4,752,868$4,878,616
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $411,010$397,358
X-16 Total assetsStart of year $30,119,051$32,563,344
X-17 Accounts payable and accrued expensesStart of year $156,731$214,963
X-19 Deferred revenueStart of year $783,020$1,411,306
X-20 Tax-exempt bond liabilitiesStart of year $6,480,716$6,121,894
X-25 Other liabilitiesStart of year $500,973$677,442
X-26 Total liabilitiesStart of year $7,929,906$8,431,135
X-27 Net assets without donor restrictionsStart of year $22,189,145$23,969,285
X-28 Net assets with donor restrictions$162,924
X-32 Total net assets or fund balancesStart of year $22,189,145$24,132,209
X-33 Total liabilities and net assetsStart of year $30,119,051$32,563,344
Part XI · Reconciliation of net assets $24,132,209 net assets at year end
XI-1 Total revenue$14,897,275
XI-2 Total expenses$12,954,211
XI-3 Revenue less expenses$1,943,064
XI-4 Net assets at start of year$22,189,145
XI-10 Net assets at end of year$24,132,209

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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