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150 Hooper INC FY2023 filing

Tax-deductible

San Francisco, CA501(c)(3)Community DevelopmentEIN 82-3791092Revenue $1.9M in FY2023

On file with the IRS150 Hooper St Ste 200, 94107-2580 · San Francisco, CATax-exempt since Jul 2018Publicly supported — 509(a)(2)

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Sustain and grow manufacturing jobs for urban residents by creating functional, accessible, and affordable real estate for manufacturing businesses.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
0 of 5
filings with a surplus
Average deficit $587K a year · 37% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23.8M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+127% vs prior year
Spent
$2.3M
To programs
99%
Net assets
$11.5M
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▲ +127%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$836K
FY2023$1.9M
FY2024$1.8M
Expenses
$2.3M
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.0M
FY2022$2.1M
FY2023$2.3M
FY2024$2.3M
Net assets
$11.5M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.3M
FY2021$13.1M
FY2022$11.9M
FY2023$11.5M
FY2024$10.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jul 2018.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $2.3M Management & general 1% · $13K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Jon Knorpp
Board President
$0Pt VII · Sec A
Corinne Ingrassia
Board Secretary
$0Pt VII · Sec A
Brett Hazlett
Boart Treasurer
$0Pt VII · Sec A
Ross Portugeis
Board Member
$0Pt VII · Sec A
James Sue
Board Member
$0Pt VII · Sec A
Stephen Sellers
Interim CEO
$0Pt VII · Sec A
Linda Becker
Ceo- Ended on April 30
$0Pt VII · Sec A
See 150 Hooper INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable manufacturing spaces to create and keep urban jobs.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2023
01

Real Estate Development and Management

150 Hooper, Inc. provides property management services for a 54,000 SF Industrial building in the heart of San Francisco to provide critically needed affordable manufacturing space at a time when the sector is feeling the rising cost of the real estate market.

$2.3Mprogram 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 · FY2021
PlacemadeFY2021$35K
Total grants receivedfrom 1 funder$35K
Grants paid · 1 grant · $34K · 2021–2021
PlacemadeCA · FY2021$34,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$150K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.3M
Managementcol C$13K
Owns and owesPt X
$11.5M
net assets · Ln 32
Cash and savingsLn 1–2$503K
Total assetsLn 16$35.3M
LiabilitiesLn 26$23.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Fees for servicesLn 2g$1.8M
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$503K
Cash and savings togetherLn 1–2$503K
Land, buildings, equipmentLn 10c$34.5M
Total assetsLn 16$35.3M
LiabilitiesLn 26$23.8M
Net assetsLn 32$11.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$861K$503K
Land, buildings, equipmentLn 10c$34.9M$34.5M
Total assetsLn 16$35.9M$35.3M
LiabilitiesLn 26$24.1M$23.8M
Net assetsLn 32$11.9M$11.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$46K$46K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$13K$13K
Office expensesLn 13$411$240$171
Information technologyLn 14$4K$4K
InterestLn 20$567K$567K
Depreciation, depletion and amortizationLn 22$439K$439K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$2.3M$2.3M$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$2.3M−$546K$10.9M 990 PDF
FY2023 Viewing $1.9M$2.3M−$377K$11.5M 990 PDF
FY2022 $836K$2.1M−$1.3M$11.9M 990 PDF
FY2021 $1.8M$2.0M−$185K$13.1M 990 PDF
FY2020 $1.6M$2.1M−$548K$13.3M 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 FY2023 990 (6 parts)
Part I · Summary $1,901,190 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$150,000
I-9 Program service revenuePrior year $777,530$1,751,190
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $58,268$0
I-12 Total revenuePrior year $835,798$1,901,190
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,897$55,435
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,057,091$2,222,692
I-18 Total expensesPrior year $2,112,988$2,278,127
I-19 Revenue less expensesPrior year −$1,277,190−$376,937
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,901,190 across 4 lines filed
VIII-1f All other contributions, gifts and grants$150,000
VIII-1h Total contributions, gifts and grants$150,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,751,190$1,751,190
VIII-12 Total revenueRelated to mission $1,751,190 · Unrelated business $0 · Excluded from tax $0$1,901,190
Part IX · Statement of functional expenses $2,278,127 across 12 lines filed
IX-7 Other salaries and wagesPrograms $46,146$46,146
IX-9 Other employee benefitsPrograms $5,325$5,325
IX-10 Payroll taxesPrograms $3,964$3,964
IX-11b Legal feesPrograms $25,153$25,153
IX-11c Accounting feesManagement $13,088$13,088
IX-13 Office expensesPrograms $240 · Management $171$411
IX-14 Information technologyPrograms $4,288$4,288
IX-20 InterestPrograms $567,093$567,093
IX-22 Depreciation, depletion and amortizationPrograms $439,334$439,334
IX-23 InsurancePrograms $32,990$32,990
IX-24 Other expenses (24a–d)Programs $1,138,894$1,138,894
IX-24e All other expensesPrograms $1,441$1,441
IX-25 Total functional expensesPrograms $2,264,868 · Management $13,259 · Fundraising $0$2,278,127
Part X · Balance sheet $35,321,671 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $860,527$502,892
X-4 Accounts receivableStart of year $182,542$99,609
X-9 Prepaid expenses and deferred chargesStart of year $6,667$259,960
X-10c Land, buildings and equipment, netStart of year $34,884,953$34,459,210
X-16 Total assetsStart of year $35,934,689$35,321,671
X-17 Accounts payable and accrued expensesStart of year $64,832$19,706
X-25 Other liabilitiesStart of year $307,120$116,165
X-26 Total liabilitiesStart of year $24,069,952$23,833,871
X-27 Net assets without donor restrictionsStart of year $11,864,737$11,487,800
X-32 Total net assets or fund balancesStart of year $11,864,737$11,487,800
X-33 Total liabilities and net assetsStart of year $35,934,689$35,321,671
Part XI · Reconciliation of net assets $11,487,800 net assets at year end
XI-1 Total revenue$1,901,190
XI-2 Total expenses$2,278,127
XI-3 Revenue less expenses−$376,937
XI-4 Net assets at start of year$11,864,737
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,487,800

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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