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Hope Through Education - A Fund For Better Futures Inc

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

EIN: 825117718 ✦ Bedminster, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Hope Through Education - A Fund For Better Futures Inc?

Hope Through Education - A Fund For Better Futures Inc is a compassionate nonprofit organization, headquartered in Bedminster, New Jersey. With a mission to empower children from low-income families, it offers quality, values-based education by providing scholarships to deserving families in Hunterdon, Middlesex, Somerset, and Warren counties in New Jersey. Their dedication to education extends to 4 committed employees, working tirelessly to make a difference in these communities.


Official website here: www.hopethrougheducationusa.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star rating.

Hope Through Education - A Fund For Better Futures Inc has achieved an impressive 96% rating, reflecting strong performance in accountability and finance. This rating is based solely on their accountability and finance beacon, indicating a high level of transparency and effective financial management in their operations.

The organization scored full points in several key areas, including audit oversight, absence of material asset diversion, and a well-documented conflict of interest policy. Additionally, their program expense ratio stands at 83.05%, suggesting that a significant portion of their funds is directed toward their educational programs rather than administrative costs, which is a strong indicator of their commitment to their mission.

While the data highlights the charity's strengths in governance and financial health, there are no specific limitations or areas for improvement noted in the information provided. Overall, the rating signifies a trustworthy organization that efficiently utilizes its resources to support its educational initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Hope Through Education - A Fund For Better Futures Inc legitimate?

Hope Through Education - A Fund For Better Futures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Through Education - A Fund For Better Futures 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: $110,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,307

For more financial information, click here


Official website here: www.hopethrougheducationusa.org

What is the mission statement of Hope Through Education - A Fund For Better Futures Inc?

Hope Through Education - A Fund For Better Futures Inc's mission is centered around empowering children from low-income families. The organization strives to accomplish this by offering scholarships, thereby enabling these children to acquire a quality, values-based education. The organization's efforts are focused on families residing in Hunterdon, Middlesex, Somerset, and Warren Counties in New Jersey. By providing these scholarships, Hope Through Education aims to bridge the educational gap and offer a chance for a better future to these deserving children.


Official website here: www.hopethrougheducationusa.org

Who is the CEO of Hope Through Education - A Fund For Better Futures Inc?

Frederick Ziwot is the Secretary of Hope Through Education - A Fund For Better Futures Inc.


Official website here: www.hopethrougheducationusa.org

What is the revenue of Hope Through Education - A Fund For Better Futures Inc?

Hope Through Education - A Fund For Better Futures Inc's revenue in 2022 was $1,106,699.


Official website here: www.hopethrougheducationusa.org

Who are the executives of Hope Through Education - A Fund For Better Futures Inc and what are their salaries?

The average compensation at Hope Through Education - A Fund For Better Futures Inc during 2022 was $33,146. There are 4 employees and 15 volunteers at Hope Through Education - A Fund For Better Futures Inc.


Here are 18 key members and their salaries:


Gregory Aroneo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olga Anna Duhl (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Conley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Cordano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Les Hirsch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Lagrassa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Shammo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Shammo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Stevens (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fredrick Ziwot (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Humbert (President)
  • Compensation: $102,500
  • Related: $0
  • Other: $7,776
Julia Jacobson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom True (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Paul I Vallone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janis Vallone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Williamson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Williamson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hopethrougheducationusa.org

Where can I find the form 990 for Hope Through Education - A Fund For Better Futures Inc?

Hope Through Education - A Fund For Better Futures Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hopethrougheducationusa.org

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

Mission Statement of Hope Through Education - A Fund For Better Futures Inc

Hope Through Education - A Fund For Better Futures Inc is dedicated to empowering children from low-income families, enabling them to receive a high-quality, values-based education. The organization achieves this mission by granting scholarships to deserving families residing in Hunterdon, Middlesex, Somerset, and Warren Counties in New Jersey. By providing financial assistance, Hope Through Education aims to break the cycle of poverty and offer these children an opportunity to build a better future for themselves. The organization's mission is centered around the belief that education is a powerful tool for personal growth and social mobility, and by investing in the education of these children, Hope Through Education is contributing to a more equitable and prosperous society.

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Impact




July, 2024

Hope Through Education - A Fund For Better Futures Inc has a significant impact on enabling children from low-income families to access a quality, values-based education. By providing scholarships to deserving families in Hunterdon, Middlesex, Somerset, and Warren counties in New Jersey, the organization creates opportunities for these children to pursue their educational goals and achieve brighter futures. Through their support, Hope Through Education empowers young individuals to overcome financial barriers and reach their full potential, ultimately contributing to the overall development and success of these communities.




This information is meant to be a general summary of Hope Through Education - A Fund For Better Futures 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
$1,106,699 (2022)
Expenses
$953,340 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38
  • Gross Receipts: $1,264,848

Assets and Liabilities:

  • Total Assets: $338,037
  • Total Liabilities: $14,755
  • Net Assets: $323,282

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Organization Details

Founding Year

2018

Principal Officer

Frederick Ziwot

Main Address

ONE PLUCKEMIN WAY SUITE 201, BEDMINSTER, NJ, 07921

NTEE Category

Code: A12 - Arts

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