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Hope For Monroe

Hope Outreach

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

EIN: 462189569 ✦ Monroe, LA ✦ Designated as a 501(c)(3)

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Overview

What is Hope For Monroe?

Hope For Monroe is a nonprofit organization, identified as Hope Outreach, situated in Monroe, Louisiana. Their primary mission is to uplift the underprivileged community by fostering the intellectual growth of young minds through S.T.E.A.M. (Science, Technology, Engineering, Arts, and Mathematics) education. They achieve this goal by providing one-on-one instruction and engaging students in small group activities. Furthermore, the organization aims to empower adults by equipping them with necessary knowledge and tools, ultimately strengthening their mental, social, and economic positions within the community. Hope For Monroe operates with a team of 11 dedicated individuals.


Official website here: www.hopeoutreach.info

Is Hope For Monroe legitimate?

Hope For Monroe is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope For Monroe 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: $61,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,626

For more financial information, click here


Official website here: www.hopeoutreach.info

What is the mission statement of Hope For Monroe?

Hope For Monroe's mission is to positively impact an underserved community by focusing on education. They aim to address poverty and lack through specialized programs in Science, Technology, Engineering, Arts, and Mathematics (S.T.E.A.M.) for young minds. Furthermore, they provide adults with knowledge and tools aimed at enhancing their mental, social, and economic position. This organization's educational approach includes one-on-one instruction and small group activities to foster continuous literacy skill development and technology-based concepts.


Official website here: www.hopeoutreach.info

Who is the CEO of Hope For Monroe?

Charles Price is the President of Hope For Monroe.


Official website here: www.hopeoutreach.info

What is the revenue of Hope For Monroe?

Hope For Monroe's revenue in 2022 was $587,451.


Official website here: www.hopeoutreach.info

Who are the executives of Hope For Monroe and what are their salaries?

The average compensation at Hope For Monroe during 2022 was $9,871. There are 11 employees and 20 volunteers at Hope For Monroe.


Here are 5 key members and their salaries:


Charles Price (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Williams (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beatrice Brown (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Odell Riley (Trustee)
  • Compensation: $34,000
  • Related: $0
  • Other: $0
Lafreada Riley (Trustee)
  • Compensation: $27,960
  • Related: $0
  • Other: $0


Official website here: www.hopeoutreach.info

Where can I find the form 990 for Hope For Monroe?

Hope For Monroe's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hopeoutreach.info

Learn more at the official website: www.hopeoutreach.info

Mission Statement of Hope For Monroe

Hope For Monroe, a nonprofit organization, is committed to making a positive impact in an underserved community. Its mission is twofold: firstly, it aims to educate young minds through STEM (Science, Technology, Engineering, and Mathematics) subjects. The organization encourages continuous literacy skill development and the understanding of technology-based concepts among its students. This is achieved through one-on-one instruction and engaging in small group activities.

Secondly, Hope For Monroe seeks to equip adults in the community with knowledge and tools that can strengthen their mental, social, and economic positions. By providing these resources, the organization aims to empower families and help them improve their quality of life. This initiative is a testament to Hope For Monroe's dedication to uplifting its community and addressing the challenges of poverty and lack.

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Impact




July, 2024

Hope For Monroe's impact is seen in the positive changes it brings to the community by addressing poverty and lack through education initiatives focused on S.T.E.A.M. education. By providing young students with one-on-one instruction and small group activities, the organization encourages continuous development of literacy skills and technology-based concepts. Additionally, by arming adults with knowledge and tools to enhance their mental, social, and economic well-being, Hope For Monroe is working towards strengthening the community as a whole. This nonprofit's work has a direct and visible effect on improving the lives of individuals and families in Monroe, LA.




This information is meant to be a general summary of Hope For Monroe. 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
$587,451 (2022)
Expenses
$561,994 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $6,958
  • Gross Receipts: $587,451

Assets and Liabilities:

  • Total Assets: $105,279
  • Total Liabilities: $28,929
  • Net Assets: $76,350

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Programs

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

Child Day Care Services

Revenue

$6,958

Organization Details

Founding Year

2019

Principal Officer

Charles Price

Main Address

2002 POWELL ST, MONROE, LA, 712035758

NTEE Category

Code: S99 - Community improvement

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