Hope Happens Inc
Nonprofit profile at a glance
- EIN
- 202523211
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Saint Louis, MO, USA
- Phone
- 3147253888
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Neurology, Neuroscience
Reported finances
- Revenue
- $267,866
- Expenses
- $302,947
- Assets
- $214,057
- Liabilities
- $3,297
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- MARK MENGHINI (PRESIDENT)
- COLBY SCHMID (VICE PRESIDENT)
Highest reported compensation
- WENDY CHROMOGA (DIRECTOR OF OPERATIONS): $59,180 total reported compensation
- MELISSA SORENSEN (DIR. OF MARKETING & COMMUN): $37,421 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 exempt purpose of hope happens is to improve the lives of people with neurodegenerative disorders by promoting collaborative, translational research with the potential to fast-track new treatments and cures.
What it reported doing in 2024
We enhance the lives of people with neurological disorders by financially supporting collaborative research at the hope center for neurological disorders at Washington unversity school of medicine. At this cutting-edge facility scientists seek new treatments and cures for disabling neurological disorders like als, alzheimer's disease, autism, multiple sclerosis, parkinson's disease, huntington's disease, muscular dystrophy, cerebral palsy, epilepsy, stroke, brain and spinal cord injury, as well as many other neurological diseases. Our cross-disease, translational, and collaborative approach to research will lead to swifter results, and fundamental discoveries about one neurological disease will lead to treatments and cures in others.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 77% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 24
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.5%; rating input score 63
- Program expense ratio: 53.7%; rating input score 54
- Fundraising efficiency: $4.5 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- 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: 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: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -13.1%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 31.9%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: -4.6% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -3.2% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 62.5% of revenue deployed · 53.7% of spending went to programs
- Governance: 16 of 16 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $163K in reported program spending
- Leadership: top reported pay $59K · 18 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Financial Efficiency: Fundraising efficiency scored 20/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.