Overview
What is Hope Chicago Inc?
Hope Chicago Inc is a nonprofit organization located in Chicago, Illinois, with an address at 303 E Wacker Dr 2109, dedicated to eliminating educational and economic inequities by providing access to debt-free post-secondary education for tens of thousands of Chicago Public School students and their families. The organization offers scholarships, college preparatory activities, assistance with financial aid applications, and guidance throughout the college experience, including vocational education programs. With a team of five employees, Hope Chicago Inc strives to support students in completing their post-secondary pathways.
Official website here: www.hopechicago.org
What are the reviews and ratings of this charity?
Hope Chicago Inc is not currently rated by Charity Navigator due to the need for more comprehensive data, including an Accountability & Finance beacon or an Impact & Measurement beacon. The nonprofit has, however, gathered detailed IRS data, which showcases transparency in financial disclosures, such as compensation for top executives. It's noted for having an exceptional Impact & Measurement Score of 98, reflecting strong program development and evaluation standards.
Despite a lack of a formal rating, Hope Chicago demonstrates significant organizational strengths. Their Leadership & Adaptability Score is perfect at 100, indicating a robust strategic and adaptable framework. Their mission focuses on equitable access to debt-free higher education for Chicago Public Schools graduates and parents. This commitment also aligns with their vision to enhance postsecondary educational outcomes citywide.
Hope Chicago excels in strategic planning and leadership development, evidenced by their collaboration with the Bridgespan Group. The nonprofit has achieved a 30% uptick in postsecondary enrollment while expanding its programs and partnerships. However, due to the absence of user reviews from GreatNonprofits, specific community feedback is unavailable, leaving a gap in understanding public sentiment about their on-the-ground impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Chicago Inc legitimate?
Hope Chicago Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Chicago 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: $126,923
Professional Fundraising Fees: $0
Other Salaries and Wages: $819,767
For more financial information, click here
Official website here: www.hopechicago.org
What is the mission statement of Hope Chicago Inc?
Hope Chicago Inc is dedicated to eliminating barriers to educational and economic equity by granting access to debt-free post-secondary education to countless Chicago Public School students and their families. Through their mission, they offer scholarships, engage students in college preparatory activities, and assist with financial aid applications and navigating the college experience, including vocational education programs. Their ultimate goal is to help these individuals complete their post-secondary pathways and secure a better future.
Official website here: www.hopechicago.org
Who is the CEO of Hope Chicago Inc?
Janice K Jackson Ed D is the Board Chair of Hope Chicago Inc. The CEO's salary of Hope Chicago Inc is $126,923 and their total compensation is $136,666.
Official website here: www.hopechicago.org
What is the revenue of Hope Chicago Inc?
Hope Chicago Inc's revenue in 2022 was $25,597,442.
Official website here: www.hopechicago.org
Who are the executives of Hope Chicago Inc and what are their salaries?
The average compensation at Hope Chicago Inc during 2022 was $189,338. There are 5 employees and 16 volunteers at Hope Chicago Inc.
Here are 17 key members and their salaries (Hope Chicago Inc's CEO's salary is $126,923 and their total compensation is $136,666):
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- Compensation: $126,923
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- Other: $9,743
Official website here: www.hopechicago.org
Where can I find the form 990 for Hope Chicago Inc?
Hope Chicago Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopechicago.org
Learn more at the official website: www.hopechicago.org
Mission Statement of Hope Chicago Inc
Hope Chicago Inc is a mission-driven organization that strives to eliminate barriers to educational and economic equity. By providing access to debt-free post-secondary education, Hope Chicago aims to level the playing field for tens of thousands of Chicago Public School students and their parents.
In simple terms, Hope Chicago's mission is to help deserving students pursue their higher education goals without the burden of student debt. The organization's initiatives include granting scholarships, encouraging participation in college preparatory activities, and offering assistance with financial aid applications and navigating the intricacies of the college experience.
Beyond financial support, Hope Chicago also focuses on equipping students with the resources and tools they need to successfully complete their chosen educational pathways. This holistic approach is essential in ensuring that the students not only gain access to education but also have the necessary support to thrive and succeed.
Hope Chicago's efforts are geared towards empowering the next generation of leaders and innovators, enabling them to break free from the cycle of debt and poverty that often hampers their progress. By providing a safety net of financial assistance and educational guidance, Hope Chicago is making a significant impact in the lives of countless young people and their families.
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Impact
October, 2024
Hope Chicago Inc significantly impacts educational and economic equity by providing access to debt-free college education for Chicago's public school students and their parents. Through scholarships and participation in college preparatory activities, they empower students to pursue higher education without the burden of debt.
They assist families in navigating financial aid applications and the complexities of college experiences, ensuring that students receive the support needed to transition successfully into postsecondary education, including vocational programs. The organization’s mission directly addresses barriers that have historically hindered educational attainment, ultimately aiming to uplift tens of thousands by fostering an equitable educational landscape in Chicago.
This information is meant to be a general summary of Hope Chicago 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.
- Gross Receipts: $25,597,442
Assets and Liabilities:
- Total Assets: $32,142,541
- Total Liabilities: $167,089
- Net Assets: $31,975,452
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Organization Details
Founding Year
2021
Phone
(312) 477-3710Principal Officer
Janice K Jackson Ed D
Main Address
303 E WACKER DR 2109, CHICAGO, IL, 60601
Website
www.hopechicago.orgNTEE Category
Code: B82 - Education
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