Overview
What is Hopewell Fund?
The Hopewell Fund is a Washington, D.C.-based 501(c)(3) nonprofit organization that supports social entrepreneurs and changemakers in launching innovative projects focused on civil rights, social action, and advocacy. Their mission encompasses addressing income inequality, improving civic engagement among underrepresented groups, and advancing state-level economic and democracy reforms. Hopewell provides fiscal sponsorship, enabling well-resourced projects with diverse revenue and funding models, including charitable contributions and investments. Their board of directors, experienced in starting up innovative organizations, facilitates rapid and efficient project launches. The Hopewell Fund's purpose is to use fiscal sponsorship and charitable grant-making to support domestic and international initiatives aimed at advancing public good and equity for all people.
Official website here: www.hopewellfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star rating
Hopewell Fund has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is primarily based on a single beacon score, which reflects the organization's commitment to transparency and responsible financial practices. With an Accountability & Finance score of 81, the fund demonstrates strengths in areas such as having a majority of independent board members and a robust conflict of interest policy.
Among its strengths, Hopewell Fund showcases impressive program expense and working capital ratios, with 94.46% of expenses directed towards its programs and a working capital ratio of 1.12 years, indicating fiscal stability. However, the fund has limitations, particularly in its financial reporting, as it lacks transparency in CEO compensation and has not posted its audit on its website. These missing elements could raise concerns regarding the organization's overall financial governance.
While the Hopewell Fund exhibits several commendable practices such as a comprehensive whistleblower policy and effective asset management, improvements could be made in its financial disclosures to enhance donor confidence. Overall, the organization maintains a strong focus on accountability, though attention to its reporting practices could further elevate its standing among donor communities.
This AI summary has been generated from information found on Charity Navigator.
Is Hopewell Fund legitimate?
Hopewell Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopewell Fund 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: $27,975
Professional Fundraising Fees: $336,600
Other Salaries and Wages: $12,091,523
For more financial information, click here
Official website here: www.hopewellfund.org
What is the mission statement of Hopewell Fund?
The Hopewell Fund is a 501(c)(3) nonprofit organization that uses fiscal sponsorship and charitable grant-making to support initiatives aimed at promoting public good and equity for all people. Through its fiscal sponsorship program, Hopewell facilitates the launch of innovative social change projects, primarily those with diverse revenue and funding models. The organization's mission extends to both domestic and international endeavors, with a focus on civil rights, social action, and advocacy. Specific areas of concentration include addressing income inequality, improving civic engagement among underrepresented groups, and advancing economic and democracy reforms at the state level.
Official website here: www.hopewellfund.org
Who is the CEO of Hopewell Fund?
Lee Bodner is the Board Chair of Hopewell Fund.
Official website here: www.hopewellfund.org
What is the revenue of Hopewell Fund?
Hopewell Fund's revenue in 2022 was $178,097,921.
Official website here: www.hopewellfund.org
Who are the executives of Hopewell Fund and what are their salaries?
The average compensation at Hopewell Fund during 2022 was $87,191. There are 139 employees and 82 volunteers at Hopewell Fund.
Here are 10 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Compensation: $27,975
- Related: $0
- Other: $0
- Compensation: $236,417
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- Other: $32,038
- Compensation: $222,201
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- Other: $31,917
- Compensation: $212,745
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- Other: $32,297
- Compensation: $233,250
- Related: $0
- Other: $31,937
- Compensation: $228,241
- Related: $0
- Other: $31,637
Official website here: www.hopewellfund.org
Where can I find the form 990 for Hopewell Fund?
Hopewell Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopewellfund.org
Learn more at the official website: www.hopewellfund.org
Mission Statement of Hopewell Fund
The Hopewell Fund is a 501(c)(3) nonprofit organization that plays a pivotal role in facilitating the launch of innovative social change projects led by social entrepreneurs and changemakers. Through fiscal sponsorship and charitable grant-making, Hopewell supports domestic and international initiatives aimed at advancing public good and promoting equity for all people.
The Hopewell Fund's mission is to empower changemakers by providing essential resources and support to launch well-funded projects. The organization's board of directors, consisting of individuals with extensive experience in starting up innovative organizations, oversees the launch process. Hopewell's approach allows for rapid and efficient launches and embraces diverse revenue and funding models, including charitable contributions and investments.
Hopewell's portfolio focuses on various social justice issues, with a notable emphasis on civil rights, social action, and advocacy. These areas of focus include addressing income inequality, improving civic engagement among underrepresented groups, and advancing state-level economic and democracy reforms. By providing resources and support to projects in these areas, the Hopewell Fund enables positive change and empowers communities to create lasting impact.
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Impact
October, 2024
Hopewell Fund drives significant social impact by empowering social entrepreneurs and changemakers to launch innovative projects that address pressing societal challenges. Through its fiscal sponsorship model, it facilitates the rapid and efficient launch of well-resourced initiatives, enabling diverse revenue and funding strategies, including charitable contributions and investments. This model supports a range of ambitious projects, many of which tackle critical issues such as income inequality, civic engagement among underrepresented groups, and state-level economic and democratic reforms.
By focusing on civil rights, social action, and advocacy, Hopewell Fund's portfolio contributes to building a fairer society and advancing equity. Its projects are designed to engage communities, promote social justice, and foster inclusive participation in the democratic process, ensuring that diverse voices are heard and represented. Through these efforts, Hopewell Fund plays a pivotal role in shaping a more equitable future for all people, both domestically and internationally.
This information is meant to be a general summary of Hopewell Fund. 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: $1,866,642
- Program Service Revenue: $790,032
- Gross Receipts: $200,327,802
Assets and Liabilities:
- Total Assets: $176,857,021
- Total Liabilities: $24,799,301
- Net Assets: $152,057,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING REVENUE
Revenue
$668,802
DUES REVENUE
Revenue
$86,950
SPONSORSHIPS REVENUE
Revenue
$16,758
PRI INTEREST INCOME
Revenue
$11,967
REGISTRATION REVENUE
Revenue
$5,555
Organization Details
Founding Year
2015
Phone
(202) 664-8763Principal Officer
Lee Bodner
Main Address
1828 L STREET NW 300-D, WASHINGTON, DC, 20036
Website
www.hopewellfund.orgNTEE Category
Code: T12 - Philanthropy
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