Hopeworks FY2020 filing

Moline, ILUnknown exempt organizationEIN 81-1540378

The mission of esperanza child care center is to provide high-quality, developmentally appropriate bilingual educational experiences for children ages 15 months to 5 years. Eccc believes that early childhood education is vital to a child's success and strives to provide an environment where all children are nurtured to reach their full potential.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2023
latest Form 990
Worth a look: the latest return is for FY2023, 3 tax years back; more than 2 years is worth a look.
IRS e-file · Filing history
How much reaches the programs?
81%
of spending
Looks good: 81% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
1 mo
of spending, in cash
Worth a look: 1.3 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$808
liabilities
Looks good: debts are 4% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$239K
Spent
$205K
To programs
81%
Net assets
$22K
By yearFY2020–FY2023
Revenue
$239K
FY2020
Revenue by fiscal year
FY2020$239K
FY2021$238
FY2022$32K
FY2023$0
Net assets
$22K
FY2020
Net assets by fiscal year
FY2020$22K
FY2021$15K
FY2022$45K
FY2023$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 4 yrs ago
Legal name (IRS)Hdr · item CHopeworks
EINHdr · item D81-1540378
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CMoline, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jhopeworksqc.com

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 $0.81 Management & general $0.19
Program services81%$166K
Management & general19%$40K
Total functional expensesLn 25$205K

Financial health

Is it on solid ground?

Surplus margin
+14%
revenue over expenses, this year
Program spending
81%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$23K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$23K
Total liabilitiesLn 26$808
Total net assetsLn 32$22K
Months of cash on handcomputed1.3

Statement of Revenue

Part VIII
Contributions & grants$159K · 67%
Program service revenue$79K · 33%
Contributions & grants67%$159K
Program service revenue33%$79K
Other revenue$539
— government grantsLn 1e$159K
Total revenueLn 12$239K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23K · Operating expenses/yr $205K
1.3 months
Where the money goes
Program services
Program services $166K · Total expenses $205K
81%
Management & General
Management & general $40K · Total expenses $205K
19%
Fundraising
Fundraising $0 · Total expenses $205K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $159K · Total revenue $239K
67%
Government reliance
Government grants $159K · Total revenue $239K
67%
Earned-income share
Program service revenue $79K · Total revenue $239K
33%
Investment reliance
Investment income $0 · Total revenue $239K
0%
Program self-sufficiency
Program service revenue $79K · Total expenses $205K
39%
Growth & trend
Revenue growth (YoY)
This year $239K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $22K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $239K · Expenses $205K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $23K
—
Net-asset ratio
Net assets $22K · Total assets $23K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $23K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jake Montague · Reported title MEMBER · Highest reported compensation $0 · Total expenses $205K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $150K · Total expenses $205K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Legal fee ratio <0.01%——
Accounting fee ratio 4%——

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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
Vice President/Secrtary
$0Pt VII · Sec A
Treasuer
$0Pt VII · Sec A
See Hopeworks executive salaries →

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Governance & Policies

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

Mission and programs

What it does.

Offers high-quality bilingual education for young children, nurturing their full potential.

Provided by the organization

This section is blank until Hopeworks claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $166K of program spending, described in the organization's own filed words · FY2019.
01

Eccc provides a full-day bilingual educational program. The creative curriculum bilingual edition will be used to help foster literacy, mathematics, social studies and science development. Every day, children will also be given the opportunity to participate in art, music, and fine and gross motor activities.

$166Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $0—-100% 990 PDF
FY2022 $32K—×134 990 PDF
FY2021 $238—-100% 990 PDF
FY2020 Viewing $239K$205K 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) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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