Hope Enterprises Foundation Inc
Nonprofit profile at a glance
- EIN
- 231914215
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Williamsport, PA, USA
- Phone
- 5703263745
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $501,592
- Expenses
- $145,574
- Assets
- $7,963,662
- Liabilities
- $127,553
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ROBERT A LABATCH (PRESIDENT/CEO)
- JOHN F BUBB (VICE PRESIDENT/CFO)
Highest reported compensation
- ROBERT A LABATCH (PRESIDENT/CEO): $242,474 total reported compensation
- JOHN F BUBB (VICE PRESIDENT/CFO): $158,967 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhancing the lives of people with developmental disabilities by providing them with responsive services and supports.
What it reported doing in 2024
In 1987, hope enterprises foundation, inc. Was formed to drive the opportunity for impact, development, resources, and education to people with disabilities, their families, and our communities. One way our foundation has made an impact includes our receiving of a grant from the allone foundation in wilkes-barre, pa. Funds have been accepted to create an autism collaborative center for excellence (acce) on hope's children's campus in williamsport. Despite its location, this new service will provide resources and referral services for children, adolescents, adults and their families with an autism spectrum disorder (asd). Adults with disabilities have the right to achieve an everyday life, no different than any others. The hope foundation remains committed to supporting hope's services, our community partners, and donors, by contributing substantial funds for creating opportunities and experiences that will enhance hope's mission.
Operating model
- Revenue model
- Donor-supported. 64% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 71
- Accountability: 90
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 91.7%; rating input score 92; 24th 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: 71%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 54.71; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 33.6%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -8.5% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 7.9% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 11 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $242K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 5/100.