High Hopes, Inc.
Fiscal Year
Fiscal Year Start
09/01/2023
Fiscal Year End
08/31/2024
Projected Revenue
$5,084,167.00
Projected Expenses
$5,408,608.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| high hopes, inc. 501c3 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $5,920,207.00 | $5,827,067.00 | |
| Total Expenses | $4,503,269.00 | $4,240,294.00 | |
| Revenue Less Expenses | ($-0.00) | $1,416,938.00 | $1,586,773.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $881,854.00 | $637,405.00 | |
| Contributions, Gifts, and Grants | $964,206.00 | $1,850,057.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $3,606,747.00 | $3,154,625.00 | |
| Investment Income, Net of Losses | $3,007.00 | $1,066.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $407,342.00 | $181,901.00 | |
| Revenue In-Kind | $55,202.00 | $0.00 | |
| Other | $1,849.00 | $2,013.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,948,569.00 | $3,720,046.00 | |
| Administration Expense | $274,465.00 | $268,238.00 | |
| Fundraising Expense | $280,235.00 | $252,010.00 | |
| Total Revenue/Total Expenses | 131% | 137% | |
| Program Expense/Total Expenses | 88% | 88% | |
| Fundraising Expense/Contributed Revenue | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $3,606,747.00 | Program Revenue $3,154,625.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $964,206.00 | Contributions, Gifts, Grants $1,850,057.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Government Grants $881,854.00 | Government Grants $637,405.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $10,755,113.00 | $10,184,198.00 | |
| Current Assets | $2,240,545.00 | $1,452,188.00 | |
| Long-Term Liabilities | $2,330,000.00 | $3,089,823.00 | |
| Current Liabilities | $220,891.00 | $307,091.00 | |
| Total Net Assets | $8,204,222.00 | $6,787,284.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$6,000,000.00
What is the purpose of the capital campaign?
Funds will go toward doubling our square footage with an addition to our current building. The total cost for the construction project is $5.3 million, and we have a goal of raising $6million.
Campaign Start
April 2017
Campaign End
December 2024
Campaign Raised to Date Month
October
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$4,283,800.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
February
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financials prepared by Kraft CPAs PLLC. Comment provided by Nicol Rose 04/26/2023. |
