Hope Center for the Arts

Nonprofit profile at a glance

EIN
953330221
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Irvine, CA, USA
Phone
7147784440
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$387,078
Expenses
$666,979
Assets
$75,373
Liabilities
$412,176

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

Leadership & pay

6 people listed

Executive titles in this filing

  • JUNE MCLAUGHLIN (PRESIDENT)
  • KRISTINA RAKOSH (ACTING CEO)
  • ZOOT VELASCO (CEO (UNTIL SEPTEMBER 2024))

Highest reported compensation

  • KRISTINA RAKOSH (ACTING CEO): $71,360 total reported compensation
  • ZOOT VELASCO (CEO (UNTIL SEPTEMBER 2024)): $70,000 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 specific purpose of the corporation is to operate an organization for charitable and educational purposes which includes, without limitation, the mission to transform the lives of adults with intellectual disabilities through the arts.

What it reported doing in 2024

Hope center for the arts is a nonprofit organization in irvine, California, dedicated to transforming the lives of adults with intellectual and developmental disabilities through the arts. Hope provides a comprehensive day program that includes visual arts, performing arts, fiber arts, and life enrichment, offering individuals opportunities for creative expression, personal growth, and community inclusion. Through its tailored day services program, hope also supports clients in developing vocational skills and pursuing meaningful employment and volunteer experiences within the community. By fostering independence, creativity, and confidence, hope empowers each artist to reach their fullest potential while building a more inclusive and compassionate society.visual artsthe visual arts program provides artists with disabilities a supportive and inspiring space to explore drawing, painting, mixed media, and other two-dimensional art forms. Students develop technical skills, express their creativity, and build confidence while producing original artwork that is showcased in exhibitions and community events.performing artsthe performing arts program empowers artists with disabilities to express themselves through music, drama, movement, and performance. Students build confidence, communication skills, and stage presence while participating in group classes, rehearsals, and live performances that celebrate their talents and creativity. Life enrichmentlife enrichment classes are offered onsite and online and include current events, fitness, poetry, sports, financial management, and culinary arts. The goal is to apply what they learn in the classroom to their life in the real world. During the year, the organization had around 50-55 students.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 6
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -72.3%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 5.47; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 21.2%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -3.7% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -3.5% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $534K in reported program spending
  • Leadership: top reported pay $71K · 6 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.