Helping Chicago residents to transition out of poverty to living wage & into generational wealth

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 deficit $37K a year · 4% 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
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $214K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$206K
Spent
$181K
To programs
75%
Net assets
$23K
By yearFY2020–FY2024
Revenue
$206K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$527K
FY2022$980K
FY2023$1.6M
FY2024$1.3M
Expenses
$181K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$181K
FY2021$420K
FY2022$1.0M
FY2023$1.6M
FY2024$1.6M
Net assets
$23K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$23K
FY2021$163K
FY2022$137K
FY2023$169K
FY2024$610K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Oct 2015.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $136K Management & general 8% · $14K Fundraising 17% · $31K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Shenita Muse’s $117K as Executive Director is at the 51st percentile of top reported officer pay among 3869 $1–10M human services 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Shenita Muse$116,896$119,132$23,270

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 Hope Center 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 15aNo

Programs and updates

Empowering Chicagoans to escape poverty and build lasting wealth.

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Provided by the organization

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1 program · $136K · in their own filed words · FY2020
01

Top Box Food give-a-way to seniors in the community during the Covid-19 outbreak. Approximately 215 food boxes per week were distributed.

$136Kprogram 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 · FY2024
See all 4 funders →
Grants paid · 7 grants · $715K · 2021–2024
Unitemized GrantFY2024$194,119
Unitemized GrantFY2024$3,717
Unitemized GrantFY2023$343,291
Unitemized GrantFY2023$5,436
Unitemized GrantFY2022$113,260
Unitemized GrantFY2022$3,280
Unitemized GrantFY2021$51,456

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$206K
Ln 12
Gifts and grantsLn 1h$206K
Other incomeLn 4–11$9
Money outPt IX
$181K
Ln 25
Programscol B$136K
Managementcol C$14K
Fundraisingcol D$31K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$33K
LiabilitiesLn 26$10K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Other incomeLn 4–11$9
Total revenueLn 12$206K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$33K
LiabilitiesLn 26$10K
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3K$30K
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$3K$33K
LiabilitiesLn 26$5K$10K
Net assetsLn 32−$2K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$30K$30K
Management feesLn 11a$107K$107K
Professional fundraising feesLn 11e$31K$31K
Other fees for servicesLn 11g$13K$13K
Office expensesLn 13$140$140
Depreciation, depletion and amortizationLn 22$173$173
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$181K$136K$14K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.6M−$323K$610K 990 PDF
FY2023 $1.6M$1.6M$32K$169K 990 PDF
FY2022 $980K$1.0M−$26K$137K 990 PDF
FY2021 $527K$420K$107K$163K 990 PDF
FY2020 Viewing $206K$181K$25K$23K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $205,980 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$205,971
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$9
I-12 Total revenuePrior year $0$205,980
I-13 Grants and similar amounts paidPrior year $0$29,948
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$30,524
I-17 Other expensesPrior year $0$120,853
I-18 Total expensesPrior year $0$181,325
I-19 Revenue less expensesPrior year $0$24,655
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $205,980 across 3 lines filed
Lines not itemized here account for $9 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$205,971
VIII-1h Total contributions, gifts and grants$205,971
VIII-12 Total revenueRelated to mission $9 · Unrelated business $0 · Excluded from tax $0$205,980
Part IX · Statement of functional expenses $181,325 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $29,948$29,948
IX-11a Management feesPrograms $106,549$106,549
IX-11e Professional fundraising feesFundraising $30,524$30,524
IX-11g Other fees for servicesManagement $12,991$12,991
IX-13 Office expensesManagement $140$140
IX-22 Depreciation, depletion and amortizationManagement $173$173
IX-24 Other expenses (24a–d)Management $1,000$1,000
IX-25 Total functional expensesPrograms $136,497 · Management $14,304 · Fundraising $30,524$181,325
Part X · Balance sheet $32,679 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $3,000$30,260
X-10c Land, buildings and equipment, netStart of year $0$2,419
X-16 Total assetsStart of year $3,000$32,679
X-24 Unsecured notes and loans payableStart of year $4,731$9,755
X-26 Total liabilitiesStart of year $4,731$9,755
X-27 Net assets without donor restrictionsStart of year −$1,731$22,924
X-32 Total net assets or fund balancesStart of year −$1,731$22,924
X-33 Total liabilities and net assetsStart of year $3,000$32,679
Part XI · Reconciliation of net assets $22,924 net assets at year end
XI-1 Total revenue$205,980
XI-2 Total expenses$181,325
XI-3 Revenue less expenses$24,655
XI-4 Net assets at start of year−$1,731
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,924

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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