Hopebound Ministries Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200123458 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Hopebound Ministries Inc?

Hopebound Ministries Inc is a nonprofit organization, affiliated with the Congregation of the Sisters of St. Felix of Cantalice, based in Chicago, Illinois. Their primary mission is to support social service programs and offer charitable assistance to those in need. They provide governance, legal compliance, financial management, and fund development for these initiatives. Hopebound Ministries' work extends to Mooncrest, a low-income rental community, where they launched the Mooncrest Neighborhood Programs (MNP) in 2002. MNP offers a daily free homework help after-school program for 65 children and a summer camp for 100+ children annually. Additionally, they provide food access programs, healthcare, and adult education, among other community services. Their goal is to empower and guide early-stage ministries, fostering innovative solutions to community needs and instilling the Felician core values for ministry.


Official website here: www.hopeboundministries.org

Is Hopebound Ministries Inc legitimate?

Hopebound Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopebound Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $26,169
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,677

For more financial information, click here


Official website here: www.hopeboundministries.org

What is the mission statement of Hopebound Ministries Inc?

Hopebound Ministries Inc's mission is primarily focused on supporting and overseeing apostolic mission and charitable initiatives, adhering to the values of the Congregation of the Sisters of St. Felix of Cantalice. The organization provides governance, legal compliance, financial management, and fund development for Felician-founded social service programs. Additionally, Hopebound Ministries offers program management and development, corporate compliance, human resources, and Catholic mission support. Beyond this, the organization serves as an encouragement, offering guidance and direction to early-stage ministries, helping them evolve into sponsored ministries that embody the Felician core values for ministry. This involves aiding these ministries in creating innovative solutions to address community needs and guiding their growth.


Official website here: www.hopeboundministries.org

Who is the CEO of Hopebound Ministries Inc?

Sm Clarette Stryzewski is the Principal Officer of Hopebound Ministries Inc.


Official website here: www.hopeboundministries.org

What is the revenue of Hopebound Ministries Inc?

Hopebound Ministries Inc's revenue in 2022 was $372,663.


Official website here: www.hopeboundministries.org

Who are the executives of Hopebound Ministries Inc and what are their salaries?

The average compensation at Hopebound Ministries Inc during 2022 was $19,950. There are 23 employees and 79 volunteers at Hopebound Ministries Inc.


Here are 5 key members and their salaries:


Sister Mary Clarette Stryzewski (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sister Mary Ramona Dombrowski (Board Chair/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Todd Beadle (Treasurer)
  • Compensation: $0
  • Related: $186,084
  • Other: $45,709
Phil Azar (Director)
  • Compensation: $0
  • Related: $282,761
  • Other: $34,482
Sister Patricia Bogenschuetz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hopeboundministries.org

Where can I find the form 990 for Hopebound Ministries Inc?

Hopebound Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hopeboundministries.org

Learn more at the official website: www.hopeboundministries.org

Mission Statement of Hopebound Ministries Inc

Hopebound Ministries, Inc., as part of its mission, supports the apostolic mission and services of the Congregation of the Sisters of St. Felix of Cantalice. Its primary role is to provide governance, legal compliance, and counsel, financial management and fund development, program management and development, corporate compliance, human resources, and Catholic mission support for Felician-founded social service programs. Beyond this, Hopebound Ministries also encourages and guides early-stage ministries as they create innovative solutions to address the needs of their communities. As these ministries grow, Hopebound Ministries helps instill them with the Felician core values for ministry, enabling them to become sustainable, mission-driven organizations.

In essence, Hopebound Ministries functions as a supportive organization, empowering other ministries to thrive and make a positive impact in their communities. By providing essential resources and guidance, Hopebound Ministries enables these ministries to develop and grow, ultimately fostering a stronger, more compassionate society that upholds the values of the Felician Sisters.

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Impact




October, 2024

Hopebound Ministries Inc. has a substantial impact on the communities it serves, particularly in the Mooncrest neighborhood of Moon Township. By establishing the Mooncrest Neighborhood Programs, it has transformed a previously isolated area into a vibrant community center that addresses critical needs for over 1,000 residents.

The organization began its outreach in 2002 with a simple after-school homework help program for six children. This initiative has expanded significantly, now providing comprehensive services such as daily homework assistance for 65 children and a robust summer camp, which serves over 100 children annually with meals included.

The Mooncrest Community Center serves as a pivotal resource, offering food access programs, healthcare, and adult education, thereby enhancing the quality of life for residents. Moreover, Hopebound Ministries provides essential governance and support services to various Felician-founded programs, ensuring compliance and effective management. Through its efforts, Hopebound inspires and nurtures early-stage ministries to innovate and adapt, fostering a community bound by shared values and mutual support.




This information is meant to be a general summary of Hopebound Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$372,663 (2022)
Expenses
$925,489 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Program Service Revenue: $12,835
  • Gross Receipts: $379,353

Assets and Liabilities:

  • Total Assets: $1,078,821
  • Total Liabilities: $132,591
  • Net Assets: $946,230

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HEALTH & WELLNESS PGM

Revenue

$9,475

YOUTH PROGRAM FEES

Revenue

$3,360

Organization Details

Founding Year

2003

Principal Officer

Sm Clarette Stryzewski

Main Address

3800 W PETERSON AVE, CHICAGO, IL, 60659

NTEE Category

Code: X20 - Religion related

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