Hypertherm Hope Foundation Inc

Nonprofit profile at a glance

EIN
270646326
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Hanover, NH, USA
Phone
6036433441
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Corporate Foundations

Official website

Reported finances

Revenue
$974,836
Expenses
$953,468
Assets
$455,409
Liabilities
$0

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

Leadership & pay

10 people listed

Executive titles in this filing

  • JENNY LEVY (PRESIDENT)

People named in this filing

  • JENNY LEVY (PRESIDENT)
  • JACK LEE (TREASURER)
  • JOHN H VOGEL JR (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To partner with non-profit organizations and engage in activities that strengthen and create sustainable, positive change in the community and environment.

What it reported doing in 2024

Enriching our associate owner communities as a catalyst for collaboration and compassion, inspiring solutions for sustainable positive change. This year, our hope teams have supported more than 100 nonprofit organizations working towards our shared mission of creating sustainable, positive changes in the community and environment. Our general giving areas include health and wellness, food, housing, outdoors and climate, and education. Our strategic focus area of science, technology, engineering, and math (stem) aims to expose, excite, and engage youth in these fields of academic study and professional career paths. We have funded numerous robotics, drone, and aviation teams and competitions. Our strategic focus area of substance use disorder focuses on prevention education, increasing empathy, and removing stigma. We fund programs aimed at sustaining and supporting recovery. Our newest strategic focus area of early childhood focuses on preventing adverse childhood experiences and supporting healthy outcomes of positive childhood experiences. We support programs to sustain childcare center quality and access, parental confidence, and youth resilience. To globalize our giving and our delegate philanthropy model to all regions where we have a physical presence, we funded international grants through the hope foundation. Decision-making at the local level in brazil, emeia, italy, and singapore has enabled associates in these regions to continue making connections with nonprofits for funding and volunteer opportunities.

Operating model

Revenue model
Affiliate-supported. 71% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 63
  • Accountability: 82
  • Sustainability: 47
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.3%; rating input score 97
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 48.2%; rating input score 48; 28th 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 2.2%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 97.3% of revenue deployed · 99.4% of spending went to programs
  • Governance: 10 of 10 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $948K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 18 of 20 current checks pass · 2 findings to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 37 filed money-flow records
  • Related organizations: 39 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 48/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.