The Financial Hope Collaborative (FHC) builds financial confidence through an evidence-based financial education/coaching model.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Run by 2 volunteers and 39 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
22 mo
of spending, in cash
Looks good: 21.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$490
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$544K
Spent
$400K
To programs
60%
Net assets
$752K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2024.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $240K Management & general 36% · $143K Fundraising 4% · $17K

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; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$46,098Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Julie Kalkowski’s $46K as Executive Director is at the 34th percentile of top reported officer pay among 2168 $100K–1M 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.

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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

Builds financial confidence through evidence-based education and coaching.

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Provided by the organization

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1 program · $240K · in their own filed words · FY2024
01

The Financial Success Program provides evidence-based financial education and coaching to vulnerable community members. While its focus is on changing financial behaviors, a 2017-2020 randomized controlled trial found health benefits including smoking cessation and reduction in fast food consumption.

$240Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$75K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$544K
Ln 12
Gifts and grantsLn 1h$417K
Fees for servicesLn 2g$126K
Investment incomeLn 3$30
Money outPt IX
$400K
Ln 25
Programscol B$240K
Managementcol C$143K
Fundraisingcol D$17K
Owns and owesPt X
$752K
net assets · Ln 32
Cash and savingsLn 1–2$722K
Total assetsLn 16$752K
LiabilitiesLn 26$490
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$126K
Investment incomeLn 3$30
Total revenueLn 12$544K
Assets in detailPt X, end of year
CashLn 1$697K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$722K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$752K
LiabilitiesLn 26$490
Net assetsLn 32$752K
OperationsPt I, VI
EmployeesI 539
VolunteersI 62
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 FY24End FY24
Cash and savingsLn 1–2$722K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$0$752K
LiabilitiesLn 26$0$490
Net assetsLn 32$0$752K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$64K$64K
Other salaries and wagesLn 7$202K$190K$12K
Payroll taxesLn 10$37K$27K$9K$1K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$529$529
Office expensesLn 13$6K$3K$4K
Information technologyLn 14$13K$6K$7K
OccupancyLn 16$12K$9K$3K
Conferences, conventions and meetingsLn 19$4K$520$4K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$6K$5K$2K
Other expenses (24a–d)Ln 24$50K$0$50K$0
All other expensesLn 24e$81$81
Total functional expensesLn 25$400K$240K$143K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $544K$400K$143K$752K 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 FY2024 990 (6 parts)
Part I · Summary $543,561 revenue, 12 lines filed
I-8 Contributions and grants$417,149
I-9 Program service revenue$126,382
I-10 Investment income$30
I-11 Other revenue$0
I-12 Total revenuePrior year $0$543,561
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$303,289
I-16a Professional fundraising fees$0
I-17 Other expenses$96,832
I-18 Total expensesPrior year $0$400,121
I-19 Revenue less expensesPrior year $0$143,440
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $543,561 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$417,149
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$417,149
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $126,382 · Unrelated business $0 · Excluded from tax $0$126,382
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $30$30
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $126,382 · Unrelated business $0 · Excluded from tax $30$543,561
Part IX · Statement of functional expenses $400,121 across 13 lines filed
IX-5 Pay of current officers, directors and key staffManagement $64,087$64,087
IX-7 Other salaries and wagesPrograms $190,410 · Fundraising $11,587$201,997
IX-10 Payroll taxesPrograms $27,043 · Management $8,785 · Fundraising $1,377$37,205
IX-11g Other fees for servicesManagement $2,934$2,934
IX-12 Advertising and promotionPrograms $529$529
IX-13 Office expensesPrograms $2,614 · Management $3,828$6,442
IX-14 Information technologyPrograms $5,880 · Management $7,373$13,253
IX-16 OccupancyPrograms $8,775 · Management $2,925$11,700
IX-19 Conferences, conventions and meetingsManagement $520 · Fundraising $3,915$4,435
IX-22 Depreciation, depletion and amortizationManagement $1,090$1,090
IX-23 InsurancePrograms $4,776 · Management $1,592$6,368
IX-24 Other expenses (24a–d)Programs $0 · Management $50,000 · Fundraising $0$50,000
IX-24e All other expensesManagement $81$81
IX-25 Total functional expensesPrograms $240,027 · Management $143,215 · Fundraising $16,879$400,121
Part X · Balance sheet $752,403 assets, 11 lines filed
X-1 Cash, non-interest-bearing$696,977
X-2 Savings and temporary cash investments$25,000
X-4 Accounts receivable$24,203
X-10c Land, buildings and equipment, net$6,223
X-16 Total assetsStart of year $0$752,403
X-17 Accounts payable and accrued expenses$490
X-26 Total liabilitiesStart of year $0$490
X-27 Net assets without donor restrictionsStart of year $0$501,913
X-28 Net assets with donor restrictionsStart of year $0$250,000
X-32 Total net assets or fund balancesStart of year $0$751,913
X-33 Total liabilities and net assetsStart of year $0$752,403
Part XI · Reconciliation of net assets $751,913 net assets at year end
XI-1 Total revenue$543,561
XI-2 Total expenses$400,121
XI-3 Revenue less expenses$143,440
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$608,473
XI-10 Net assets at end of year$751,913

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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