Overview
What is The Hope Foundation For A Better Tomorrow Inc?
The Hope Foundation for a Better Tomorrow Inc., located at 5420 North Ocean Drive 1101, Singer Island, Florida, is a nonprofit organization dedicated to supporting underprivileged student athletes. Established with the intent to assist those demonstrating strong character, vision, ambition, and a commitment to community service, the foundation provides scholarships to help them achieve personal and professional success. In addition, the organization initiates the Coach Frank D.D. DiCocco Memorial Scholarships, awarding a total of $6,000 in 2022. Due to the Covid-19 pandemic, fundraising events were not held. Furthermore, the REAL Man Program was established, anticipating the use of Frank DiCocco's book, Playbook for Manhood: A Game Plan for Being a REAL Man, with copies being donated to coaches nationwide.
Official website here: www.hopefoundation.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Stars
The Hope Foundation For A Better Tomorrow Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are notable areas for improvement. The charity excels in aspects such as having a fully independent board and strong feedback collection practices, both scoring 100%. These indicators suggest a commitment to transparency and community engagement.
However, the organization faces challenges in its accountability and financial metrics, with a score of 69 in these areas. The program expense ratio stands at 59.02%, which may raise concerns about the proportion of funds allocated directly to programs versus administrative costs. Additionally, the absence of key policies like a whistleblower and document retention policy has contributed to lower scores in accountability.
While The Hope Foundation shows promise in its community culture and feedback practices, addressing the identified gaps in governance and financial management will be crucial for enhancing its overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Hope Foundation For A Better Tomorrow Inc legitimate?
The Hope Foundation For A Better Tomorrow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hope Foundation For A Better Tomorrow 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hopefoundation.us
What is the mission statement of The Hope Foundation For A Better Tomorrow Inc?
The Hope Foundation for a Better Tomorrow Inc's mission is centered around providing assistance, specifically scholarships, to underprivileged student athletes who exhibit exceptional character, a passionate vision, enthusiastic ambition, a commitment to community service, and a desire for personal and professional success. The foundation's activities include the annual awarding of Coach Frank D.D. DiCocco Memorial Scholarships, with a total of $6,000 given out during 2022, despite the absence of fundraisers due to the Covid-19 pandemic. Additionally, the REAL Man Program was established, with plans to utilize Frank DiCocco's book, "Playbook for Manhood: A Game Plan for Being a REAL Man," and distribute copies to coaches nationwide.
Official website here: www.hopefoundation.us
Who is the CEO of The Hope Foundation For A Better Tomorrow Inc?
Kathleen Dico is the Principal Officer of The Hope Foundation For A Better Tomorrow Inc.
Official website here: www.hopefoundation.us
What is the revenue of The Hope Foundation For A Better Tomorrow Inc?
The Hope Foundation For A Better Tomorrow Inc's revenue in 2022 was $4,520.
Official website here: www.hopefoundation.us
Who are the executives of The Hope Foundation For A Better Tomorrow Inc and what are their salaries?
There 6 volunteers at The Hope Foundation For A Better Tomorrow Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.hopefoundation.us
Where can I find the form 990 for The Hope Foundation For A Better Tomorrow Inc?
The Hope Foundation For A Better Tomorrow Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopefoundation.us
Learn more at the official website: www.hopefoundation.us
Mission Statement of The Hope Foundation For A Better Tomorrow Inc
The Hope Foundation for a Better Tomorrow Inc is an organization dedicated to supporting underprivileged student athletes. Their mission is centered around providing assistance in the form of scholarships to individuals who display exemplary character, a passionate vision, enthusiastic ambition, a commitment to community service, and a desire to achieve personal and professional success. This nonprofit believes in the transformative power of education and sports, recognizing the potential of these young athletes to make a positive impact in their communities and beyond.
The foundation's efforts are reflected in the Coach Frank D.D. DiCocco Memorial Scholarships, which were initiated in 2013. In 2022, a total of $6,000 was awarded through these scholarships. Despite the challenges posed by the Covid-19 pandemic, fundraisers were not held, demonstrating the organization's resilience and adaptability.
In addition to financial assistance, The Hope Foundation for a Better Tomorrow Inc also introduces the REAL Man Program. This program is in anticipation of utilizing Frank DiCocco's book, "Playbook for Manhood: A Game Plan for Being a REAL Man." Copies of the book will be donated to coaches across the country, aiming to instill values of responsibility, empathy, accountability, and leadership in the next generation of young men. This holistic approach to support and development is a testament to The Hope Foundation for a Better Tomorrow Inc's commitment to empowering its beneficiaries and equipping them with the tools they need to succeed both personally and professionally.
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Impact
August, 2024
The Hope Foundation For A Better Tomorrow Inc's impact can be seen through the positive change it brings to underprivileged student-athletes. Through the Coach Frank D.D. DiCocco Memorial Scholarships, the foundation supports individuals who demonstrate exemplary character, passionate vision, and enthusiastic ambition. In 2022, a total of $6,000 in scholarships were awarded, providing opportunities for deserving students to pursue their academic and athletic goals. Despite challenges posed by the Covid-19 pandemic, the foundation continues to make a difference through initiatives like the REAL Man Program, which aims to promote character development among young men by distributing Frank DiCocco's book, "Playbook for Manhood: A Game Plan for Being a REAL Man," to coaches nationwide. The foundation's commitment to youth development and community service is evident in its efforts to empower individuals to achieve personal and professional success.
This information is meant to be a general summary of The Hope Foundation For A Better Tomorrow 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$7,051
- Gross Receipts: $8,072
Assets and Liabilities:
- Total Assets: $382,044
- Total Liabilities: $0
- Net Assets: $382,044
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Organization Details
Founding Year
2011
Phone
(203) 206-4801Principal Officer
Kathleen Dico
Main Address
5420 NORTH OCEAN DRIVE 1101, SINGER ISLAND, FL, 33404
Website
www.hopefoundation.usNTEE Category
Code: O50 - Youth development
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