Hope Center for Arts and Technology Inc

Nonprofit profile at a glance

EIN
472756541
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-N 2014
Location
Sharon, PA, USA
Phone
7243085135
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$824,389
Expenses
$1,197,398
Assets
$3,949,453
Liabilities
$521,293

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • KAREN WINNER-SED (VICE PRESIDENT)
  • LORIE HINES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LORIE HINES (EXECUTIVE DIRECTOR): $129,423 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to deliver training for in-demand careers and help support the pathway to employment opportunities to enhance economic development in our community. We collaborate with employers and educational institutions to drive sustainable economic stability, utilizing a blend of adult training programs and after school youth arts mentorship by linking students with career pathways. We exist to reduce or eliminate the dependence of persons on government or subsidized programs by teaching job skills, personal responsibility, reliability, attendance, work ethics, and raising self-esteem and self-respect. Additionally, the organization engages the community in the process of art making and artistic communication as a way to stimulate inter-cultural understanding, appreciation and enhancement of the quality of life. The organization educates and inspires youth through the arts on their way to becoming productive citizens.

What it reported doing in 2024

The organization offers adult training programs (atp) designed to equip students with the skills necessary to perform jobs which are in high demand. The atps allow qualified applicants to obtain in-demand jobs at a livable wage with benefits. Historically, a large percentage of our adult student population moved from public assistance to employment. The initial offering was the medical assistant diploma program, preparing students to be part of the ever-growing health care profession. The organization secured their state license in december 2017 through the Pennsylvania department of education for both the adult training programs as a school and the medical assistant program curriculum, and classes began in the spring of 2018. The organization grew their program offering to include a phlebotomy diploma program; this became licensed in november 2020 and the first class began in september 2021.the organization creates natural mentorships and career pathways by providing free after school art classes to high school students. They offer printmaking, ceramics, painting, and drawing. The youth arts programs are proven to increase or maintain graduation rates and build strong relationships with public schools, positively impacting student populations. During the fiscal year, the after-school youth arts programming was available to students in all regional school districts, including but not limited to public schools, private schools, home-school, or cyber schools.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 33
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: $5.56 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -45.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 3.3; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 10.8%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 14.6% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -6% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 21st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 79.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $957K in reported program spending
  • Leadership: top reported pay $129K · 12 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.