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New York BBB Wise Giving Report for
The HOPE Program

A BBB Accredited charity

 



Expiration Date:
04/2015
Name:
The HOPE Program
Address:
One Smith Street
4th Floor
Brooklyn, NY 11201
Phone:
718-852-9307
Year, State Incorporated:
1984, New York
Affiliates:
None
Stated Purpose:
" The HOPE Program's mission is two-fold: To empower individuals living in poverty to achieve economic self-sufficiency and to inform practices and policy by sharing our research and solutions. "





Evaluation Conclusions
 

              
HOPE Program (HOPE) meets the 20 Standards for Charity Accountability.




Programs
 

              
The HOPE Program is dedicated to helping impoverished New Yorkers find, maintain, and advance in jobs by addressing the underlying causes of each client’s unemployment. The HOPE Program is comprised of a work-readiness program that combines job training and placement with GED tutoring, internships, and individual counseling. HOPE’s curriculum includes career exploration, computer training, math and writing for the workplace, writing resumes and job applications, communication skills, time management, and dressing for success. In addition, HOPE offers individual and group counseling services, mentorships, benefits assistance, and a food pantry, as well as provides evening classes in advanced computer software programs.



Governance
 

              
Chief Executive Officer:
Jennifer Mitchell, Executive Director
Compensation*:
$181,500
Chair of the Board:
Barbara Lupo
Chair's Profession / Business Affiliation:
Advance Publications, Director of Pension Investment
Board Size:
18
Paid Staff Size:
22



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet
Fund raising costs were 16.2% of related contributions. (Related contributions, which totaled $1,762,500, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on HOPE Program's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Foundation & Corporation Contributions

$1,156,321

Individual Contributions

419,787

Government Grants

110,245

Special Event Revenue

76,147

Other not-for-profit organizations

37,500

Investment Income

(12,608)

Total Income

$1,787,392

Program Expenses  

Program Services

$1,771,439
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

1,771,439
285,020
224,340

$2,280,799

$(493,407)




Uses of Funds as a % of Total Expenses


Programs: 78%  Fund Raising: 13%  Administrative 10% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $3,309,184
Ending net assets 2,815,777
Total liabilities 88,267

Total assets

$2,904,044






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.