Operation New Hope EIN 95-3655541 Form 990 (PDF) Claim this org

Operation New Hope

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Empowering disadvantaged youth with life skills and pathways to success. For fiscal year 2024 it reported $2.4M in revenue, $1.8M in expenses, and $1.1M in net assets.Pt I

Founded
1980
Type
Public charity (501(c)(3)) · Human Services
Location
San Bernardino, CA
Website
www.onhcraes.org
Filings
5 on file (2020–2024)
Revenue
$2.4MFY2024
Expenses
$1.8M
Net assets
$1.1M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-3655541 Public charity (501(c)(3)) San Bernardino, CA Founded 1980
Form 990 (PDF)
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Figures match the IRS filing checked 9/2/26 · see original: IRS
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Size
$1–10M
What they do
Empowering disadvantaged youth with life skills and pathways to success.
Leadership
Russell Degnan · CEO · $94K
Money in and out
$2.4M revenue, $1.8M expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $564K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program efficiency
87%
of spending reaches programs▼ -0.8% vs prior filing year
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate▲ +314% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +105% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.4M
FY2024▲ +28%
Expenses
$1.8M
FY2024▲ +10%
Total assets
$1.1M
FY2024▲ +104%
Total liabilities
$0
FY2024
Total revenue
$2.4M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$564K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $495K of program spending, described in the organization's own filed words · FY2024.
01

Workforce (wioa)

Through our strong, lasting community partnerships with san bernardino (SB) county's workforce board, SB county's workforce development department, SB county america's job centers, and SB county youth workforce innovation opportunity act partners, participants are enrolled and supported by the leaders in workforce development.

$435Kprogram expense
02

Title II Youth and Community Restoration

Contracts with the california office of youth and community restoration to deliver services for at-risk and court-involved youth under the age of 26. Services include case management, leadership development, life skills instruction, and workforce development.

$60Kprogram expense
03

Learn4life (l4l)

Provide LEARN4LIFE charter schools, such as innovation high school, alta vista innovation high school, and others, with case management services, including department of labor and san bernardino and riverside county workforce innovation opportunity act (wioa) support, resources, and services.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COperation New Hope
EINHdr · item D95-3655541
Principal addressHdr · item CSan Bernardino, CA
WebsiteHdr · item Jwww.onhcraes.org
Year of formationHdr · item L1980
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFJun 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$93,534Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Russell Degnan’s $94K as CEO is at the 30th percentile of top reported officer pay among 3864 $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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Russell Degnan$93,534
Russell Dengan$80,500$65,387
Russell Degnan$65,387$65,410$65,391

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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Statement of Revenue

Part VIII
Program service revenue$1.9M · 81%
Contributions & grants$441K · 19%
Program service revenue81%$1.9M
Contributions & grants19%$441K
Investment income$68
— government grantsLn 1e$172K
Total revenueLn 12$2.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.11 Fundraising $0.02
Program services87%$1.6M
Management & general11%$198K
Fundraising2%$33K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$439K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $439K · Operating expenses/yr $1.8M
2.9 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.8M
87%
Management & General
Management & general $198K · Total expenses $1.8M
11%
Fundraising
Fundraising $33K · Total expenses $1.8M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $91K
$0.31 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $441K · Total revenue $2.4M
19%
Government reliance
Government grants $172K · Total revenue $2.4M
7%
Earned-income share
Program service revenue $1.9M · Total revenue $2.4M
81%
Investment reliance
Investment income $68 · Total revenue $2.4M
<0.01%
Program self-sufficiency
Program service revenue $1.9M · Total expenses $1.8M
107%
Growth & trend
Revenue growth (YoY)
This year $2.4M · Prior year $1.9M
+28%
Revenue CAGR
FY2019 $476K · FY2024 $2.4M
+38%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.4M · Expenses $1.8M
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Russell Degnan · Reported title CEO · Highest reported compensation $94K · Total expenses $1.8M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $1.8M
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 11%
Fundraising cost ratio 7%
Revenue growth 28%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Iehp FoundationFY2024$65K
Total grants receivedfrom 1 funder$65K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.9M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$707K revenue · ⤓ 990 PDF
FY2020$476K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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