Hope Chicago INC

Tax-deductible

Chicago, IL501(c)(3)Since 2021EIN 86-2828908

Eliminate barriers to educational & economic equity through access to debt-free college

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 216 volunteers and 36 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $4.9M a year · 31% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $44K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.7M
+45% vs prior year
Spent
$20.3M
To programs
83%
Net assets
$25.0M
By yearFY2021–FY2025
Revenue
$18.7M
FY2025▲ +45%
Revenue by fiscal year
FY2021$10.4M
FY2022$25.6M
FY2023$10.7M
FY2024$12.9M
FY2025$18.7M
Expenses
$20.3M
FY2025▲ +16%
Expenses by fiscal year
FY2021$216K
FY2022$3.7M
FY2023$12.0M
FY2024$17.5M
FY2025$20.3M
Net assets
$25.0M
FY2025▼ -5%
Net assets by fiscal year
FY2021$10.1M
FY2022$32.0M
FY2023$30.7M
FY2024$26.4M
FY2025$25.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $16.8M Management & general 6% · $1.3M Fundraising 11% · $2.2M

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

Who runs it and what they're paid

35 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$480,000Pt VII · Sec A
Chief Development Officer
$285,000Pt VII · Sec A
$275,000Pt VII · Sec A
Chief Impact Officer
$199,000Pt VII · Sec A
Chief Program Officer
$196,000Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Janice K Jackson Ed D$480,000$485,000$494,750$126,923
Jennifer Carol Bell$285,000$275,000——
Matthew Lyons$275,000$238,462$244,400—
Cameron Hardamon$199,000$189,000$141,750—
Michele Howard$196,000$189,000$169,650—
Nicole Turner——$117,000—
Collin Seaman——$114,092—

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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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 15aYes

Programs and updates

Provides debt-free college access to eliminate educational and economic barriers.

Provided by the organization

This section is blank until Hope Chicago INC claims this page.

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1 program service account for $16.8M of program spending, described in the organization's own filed words · FY2024.
01

Hope chicago inc. Provides scholarships, participation in college preparatory activities, assistance with financial aid applications and navigating the college experience, including vocational education programs.

$16.8Mprogram 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 · received and paid
Grants received · FY2025
See all 3 funders →
Grants paid · 4 grants · $33.0M · 2021–2024
Unitemized GrantFY2024$13,738,504
Unitemized GrantFY2023$12,055,981
Unitemized GrantFY2022$7,182,645
Unitemized GrantFY2021$48,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$18.7M
Ln 12
Gifts and grantsLn 1h$16.8M
Other incomeLn 4–11$1.6M
Investment incomeLn 3$273K
Money outPt IX
$20.3M
Ln 25
Programscol B$16.8M
Managementcol C$1.3M
Fundraisingcol D$2.2M
Owns and owesPt X
$25.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$27.2M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
35
listed · VII A
PaidVII A5
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.8M
Government grantsLn 1e$8.0M
Investment incomeLn 3$273K
Other incomeLn 4–11$1.6M
Total revenueLn 12$18.7M
Assets in detailPt X, end of year
CashLn 1$5.7M
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$336K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$459K
Total assetsLn 16$27.2M
LiabilitiesLn 26$2.2M
Net assetsLn 32$25.0M
OperationsPt I, VI
EmployeesI 536
VolunteersI 6216
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$789K$5.7M
InvestmentsLn 11–13$615K$336K
Land, buildings, equipmentLn 10c$17K$9K
Total assetsLn 16$28.1M$27.2M
LiabilitiesLn 26$1.8M$2.2M
Net assetsLn 32$26.4M$25.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13.7M$13.7M
Pay of current officers, directors and key staffLn 5$1.1M$595K$215K$339K
Other salaries and wagesLn 7$2.5M$1.3M$461K$727K
Pension plan contributionsLn 8$87K$45K$16K$26K
Other employee benefitsLn 9$353K$183K$66K$104K
Payroll taxesLn 10$372K$205K$65K$102K
Management feesLn 11a$41K$41K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$47K$47K
Lobbying feesLn 11d$114K$114K
Other fees for servicesLn 11g$491K$259K$178K$54K
Advertising and promotionLn 12$133K$76K$10K$47K
Office expensesLn 13$66K$39K$11K$17K
Information technologyLn 14$113K$46K$52K$16K
OccupancyLn 16$285K$180K$42K$63K
TravelLn 17$50K$28K$12K$10K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$714K$43K$61K$609K
All other expensesLn 24e$23K$14K$4K$5K
Total functional expensesLn 25$20.3M$16.8M$1.3M$2.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $18.7M$20.3M−$1.6M$25.0M 990 PDF
FY2024 $12.9M$17.5M−$4.6M$26.4M 990 PDF
FY2023 $10.7M$12.0M−$1.3M$30.7M 990 PDF
FY2022 $25.6M$3.7M$21.9M$32.0M 990 PDF
FY2021 $10.4M$216K$10.1M$10.1M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $18,696,849 across 7 lines filed
VIII-1e Government grants$8,000,000
VIII-1f All other contributions, gifts and grants$8,785,789
VIII-1h Total contributions, gifts and grants$16,785,789
VIII-3 Investment incomeExcluded from tax $272,552$272,552
VIII-8 Net income from fundraising eventsExcluded from tax $1,122,259$1,122,259
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $516,249$516,249
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,911,060$18,696,849
Part IX · Statement of functional expenses $20,294,484 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $13,738,504$13,738,504
IX-5 Pay of current officers, directors and key staffPrograms $595,240 · Management $215,280 · Fundraising $339,480$1,150,000
IX-7 Other salaries and wagesPrograms $1,274,304 · Management $460,877 · Fundraising $726,767$2,461,948
IX-8 Pension plan contributionsPrograms $45,221 · Management $16,355 · Fundraising $25,791$87,367
IX-9 Other employee benefitsPrograms $182,763 · Management $66,100 · Fundraising $104,234$353,097
IX-10 Payroll taxesPrograms $204,824 · Management $64,997 · Fundraising $102,303$372,124
IX-11a Management feesPrograms $40,568$40,568
IX-11b Legal feesManagement $9,827$9,827
IX-11c Accounting feesManagement $47,377$47,377
IX-11d Lobbying feesFundraising $114,467$114,467
IX-11g Other fees for servicesPrograms $258,762 · Management $178,487 · Fundraising $53,834$491,083
IX-12 Advertising and promotionPrograms $75,749 · Management $10,078 · Fundraising $47,283$133,110
IX-13 Office expensesPrograms $38,742 · Management $10,511 · Fundraising $16,535$65,788
IX-14 Information technologyPrograms $45,504 · Management $51,594 · Fundraising $15,817$112,915
IX-16 OccupancyPrograms $180,324 · Management $41,849 · Fundraising $62,680$284,853
IX-17 TravelPrograms $27,783 · Management $11,977 · Fundraising $10,470$50,230
IX-22 Depreciation, depletion and amortizationManagement $7,716$7,716
IX-23 InsuranceManagement $36,698$36,698
IX-24 Other expenses (24a–d)Programs $43,460 · Management $61,206 · Fundraising $609,385$714,051
IX-24e All other expensesPrograms $14,099 · Management $3,762 · Fundraising $4,900$22,761
IX-25 Total functional expensesPrograms $16,765,847 · Management $1,294,691 · Fundraising $2,233,946$20,294,484
Part X · Balance sheet $27,207,026 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $789,380$5,744,624
X-3 Pledges and grants receivableStart of year $26,029,451$20,490,142
X-9 Prepaid expenses and deferred chargesStart of year $113,805$168,074
X-10c Land, buildings and equipment, netStart of year $16,619$8,903
X-11 Publicly traded securitiesStart of year $615,227$336,413
X-15 Other assetsStart of year $563,623$458,870
X-16 Total assetsStart of year $28,128,105$27,207,026
X-17 Accounts payable and accrued expensesStart of year $1,316,169$1,829,166
X-25 Other liabilitiesStart of year $450,726$335,302
X-26 Total liabilitiesStart of year $1,766,895$2,164,468
X-27 Net assets without donor restrictionsStart of year $5,952,790$14,061,264
X-28 Net assets with donor restrictionsStart of year $20,408,420$10,981,294
X-32 Total net assets or fund balancesStart of year $26,361,210$25,042,558
X-33 Total liabilities and net assetsStart of year $28,128,105$27,207,026
Part XI · Reconciliation of net assets $25,042,558 net assets at year end
XI-1 Total revenue$18,696,849
XI-2 Total expenses$20,294,484
XI-3 Revenue less expenses−$1,597,635
XI-4 Net assets at start of year$26,361,210
XI-5 Net unrealized gains (losses) on investments−$222,765
XI-6 Donated services and use of facilities−$8,400
XI-9 Other changes in net assets$510,147
XI-10 Net assets at end of year$25,042,558

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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