Overview
What is New Foundation Of Hope?
New Foundation of Hope is a nonprofit organization situated in Chicago, Illinois. With a team of two dedicated individuals, they offer a range of educational enrichment programs for youth aged 7 to 18. These programs, which run both during and beyond school hours, include mentoring, computer skills development, dance choreography classes, and summer camps. Their primary goal is to provide a secure and engaging environment for children, helping to bridge the gap between the end of the school day and the end of the workday for parents. Additionally, they organize food distribution events and holiday events, ensuring that children from the community have access to essential resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64%)
The New Foundation of Hope has received a "Needs Improvement" rating from Charity Navigator, indicating some challenges in its overall governance and financial practices. The organization scored 64% overall, which reflects issues primarily within accountability and finance metrics. Specifically, it lacks a majority of independent board members, and its financial statements are not made available, which raises concerns about transparency.
Despite these weaknesses, the nonprofit demonstrates a strong commitment to its programs, as evidenced by a program expense ratio of 85.31%, signaling that a significant portion of its expenditures goes directly toward its mission. Moreover, the foundation has solid policies in place, such as a conflict of interest policy, whistleblower policy, and effective document retention procedures, garnering full points in these areas.
However, the organization's failure to meet essential transparency requirements, such as failing to list its website on the tax form and not posting its tax documents online, could deter potential donors looking for accountability. Overall, while the New Foundation of Hope shows promise in its programmatic focus, improvements in governance and financial disclosure are necessary to enhance public trust and confidence.
This AI summary has been generated from information found on Charity Navigator.
Is New Foundation Of Hope legitimate?
New Foundation Of Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Foundation Of Hope 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,113
For more financial information, click here
What is the mission statement of New Foundation Of Hope?
The New Foundation of Hope's mission is centered around offering a secure environment for youth aged between 7 and 18, serving as a bridge between the conclusion of the school day and the end of parents' work hours. Their activities encompass a variety of after-school and summer programs, which extend beyond education to include mentoring and computer skills development. Additionally, they organize after-school and holiday events, provide dance choreography classes, and offer food distribution for children.
Who is the CEO of New Foundation Of Hope?
Ron Mason is the Exec Director of New Foundation Of Hope.
What is the revenue of New Foundation Of Hope?
New Foundation Of Hope's revenue in 2022 was $790,926.
Who are the executives of New Foundation Of Hope and what are their salaries?
The average compensation at New Foundation Of Hope during 2022 was $57,056. There are 2 employees at New Foundation Of Hope.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Foundation Of Hope?
New Foundation Of Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Foundation Of Hope
The New Foundation of Hope, as a nonprofit organization, is committed to providing a secure environment for youth within the age range of 7 to 18 years. Its mission, in essence, is to bridge the gap between the conclusion of the school day and the end of working hours for parents. To accomplish this, the foundation offers a variety of after-school and summer enrichment programs, which encompass mentoring and computational skills education. The goal is to ensure that these young individuals are engaged in productive and stimulating activities during these critical hours, thereby promoting their overall development.
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Impact
October, 2024
New Foundation of Hope significantly impacts the community in Chicago by providing essential support and safe alternatives for youth aged 7-18. Its after-school and summer educational enrichment programs focus on mentoring and computer skills, equipping young individuals with tools necessary for their personal and academic growth.
The organization hosts a variety of activities, including a mentorship program that fosters positive relationships and guidance, and food distribution holiday events that ensure children have access to nutritious meals. Additionally, dance choreography classes help youth explore creative outlets and build confidence.
By bridging the gap between the school day and parents' work schedules, New Foundation of Hope creates a safe and nurturing environment that empowers youth and promotes their development, ultimately contributing to a stronger, more engaged community.
This information is meant to be a general summary of New Foundation Of Hope. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $790,926
Assets and Liabilities:
- Total Assets: $20,453
- Total Liabilities: $0
- Net Assets: $20,453
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Organization Details
Founding Year
2002
Phone
(773) 937-4040Principal Officer
Ron Mason
Main Address
8146 S Kedzie Ave, Chicago, IL, 606522605
NTEE Category
Code: O20 - Youth development
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