NonprofitsHope Ignites New York

Hope Ignites New York

BROOKLYN, NY

Total revenue

$4.1M

Total expenses

$1.7M

Net assets

$2.8M

Grants received

$3.8M

44 grants

EIN

132990982

Tax year

2023

Mission

Boys Hope Girls Hope nurtures and guides motivated young people in need to become well-educated, career-ready men and women for others.

Programs

1 program

Supporting Scholars To and Through Post-Secondary Education. We leverage the transformative power of education to help our scholars realize their goals. This includes providing opportunities to connect scholars to college, internships, and career tracks earlier in their lives through our Envision U week-long event, while also providing standardized test prep and support with college selection, applications, campus visits, and student aid applications, all done in significant collaboration with our university partners. We also assist graduating high school seniors with College Transition Plans that include financial planning, and collegians with College Persistence Plans that include check-ins with college success team members. To further help scholars stay on track in post-secondary education, we join forces with affiliates to reduce debt by providing scholarship support. Eligible scholars are enrolled in 15 credit hours and earn a 2.5 or higher GPA. In addition to our high college persistence rates, more than 80% of our collegians are at or below the threshold of $5,500 of debt per year, compared to the national annual average of approximately $10,000 (calculated using Student Loan Hero's four-year estimate of $39,400).

Financials

FY 2023

Revenue

Contributions & grants$3.4M
Program service revenue
Investment income$19K
Other revenue$675K
Total revenue$4.1M

Expenses

Grants paid
Salaries & benefits$950K
Fundraising$115K
Other expenses$758K
Total expenses$1.7M
Total assets$3.4M
Net assets$2.8M

People

28 listed

NameRoleCompensation

Bob Sloan

Board Member

Board

1 hrs/wk

Pat Haskell

Board Member

Board

1 hrs/wk

Robert Grillo

Treasurer

Board

1 hrs/wk

Nicola White

Executive Comm.

Board

1 hrs/wk

Netty Tsai

Board Member

Board

1 hrs/wk

Jean-Philippe Brisson

Executive Comm.

Board

1 hrs/wk

Saju Georgekutty

Board Member

Board

1 hrs/wk

Kevin Chau

Board Member

Board

1 hrs/wk

T Troy Dixon

Board Member

Board

1 hrs/wk

Jay Rubenstein

Board Member

Board

1 hrs/wk

David Gildea

Board Member

Board

1 hrs/wk

Donald F Privett

Board Chairman

Board

1 hrs/wk

John J Halleron III

Chair Emeritus

Board

1 hrs/wk

Robert S Mancini

Chair Emeritus

Board

1 hrs/wk

David Hammer

Board Member

Board

1 hrs/wk

David Allinson

Board Member

Board

1 hrs/wk

Frederick C Johs

Board Member

Board

1 hrs/wk

Robert Smith

Board Member

Board

1 hrs/wk

David Flowerdew

Board Member

Board

1 hrs/wk

John K Mara

Executive Comm.

Board

1 hrs/wk

Michael Monahan

Executive Comm.

Board

1 hrs/wk

Jack E Plym

Board Member

Board

1 hrs/wk

Veronica Relea

Executive Comm.

Board

1 hrs/wk

Thomas S Riggs

Executive Comm.

Board

1 hrs/wk

Brendan Gallergher

Board Member

Board

1 hrs/wk

Alex Marvin

Board Member

Board

1 hrs/wk

Qing Chen

Board Member

Board

1 hrs/wk

Kerrie Cohen

Board Member

Board

1 hrs/wk

Grants received

Showing 44 of 44

FromAmountPurposeYear
$100K
TO ASSIST WITH OPERATIONAL PROGRAM
2024
$58K
HUMAN SERVICE
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$2.1M
For grant recipient's exempt purposes
2023
$71K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$40K
SCHOLARSHIPS & FINANCIAL AID
2023
$30K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$5K
UNRESTRICTED GENERAL SUPPORT
2023
$76K
For grant recipient's exempt purposes
2022
$50K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$30K
UNRESTRICTED GENERAL SUPPORT
2022
$28K
HUMAN SERVICE
2022
$25K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2022
$20K
HUMAN SERVICES
2022
$134K
For grant recipient's exempt purposes
2021
$134K
For grant recipient's exempt purposes
2021
$60K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2021
$17K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2021
$11K
For recipient's exempt purpose
2021
$87K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2020
$66K
For grant recipient's exempt purposes
2020
$36K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$35K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2020
$25K
General support
2020
$8K
Program services
2020
$5K
UNRESTRICTED GENERAL SUPPORT
2020
$110K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
$42K
For grant recipient's exempt purposes
2019
$27K
UNRESTRICTED GENERAL SUPPORT
2019
$15K
SUPPORT THE LOCAL HEALTH AND WELLNESS PROGRAM
2019
$30K
SUPPORT THE LOCAL HEALTH AND WELLNESS PROGRAM
2018
$15K
For grant recipient's exempt purposes
2018

Funded by

$3.8M from 16 funders · 44 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$2.5M · 7 grants · 2018–2023

The Goldman Sachs Charitable Gift Fund

$449K · 9 grants · 2019–2023

The Giants Foundation Inc

$100K · 1 grant · 2024

American Endowment Foundation

$91K · 3 grants · 2020–2024

Donor Advised Charitable Giving Inc

$91K · 3 grants · 2018–2021

Vanguard Charitable Endowment Program

$77K · 3 grants · 2020–2023

Jewish Communal Fund

$75K · 2 grants · 2020–2022

Morgan Stanley Global Impact Funding Trust Inc

$72K · 5 grants · 2019–2024

Details

EIN132990982
Subsection03
Ruling date1979-12
Formed1979
Employees19
Volunteers24
HOPE IGNITES NEW YORK — Mission, Financials & Grants Received | Grantivo