New Hope Etc
Nonprofit profile at a glance
- EIN
- 113753074
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Jersey City, NJ, USA
- Phone
- 2013326478
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Personal Social Services
Reported finances
- Revenue
- $724,948
- Expenses
- $701,090
- Assets
- $74,001
- Liabilities
- $-55,671
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Alonzo Perry Sr (Executive Director)
- Cherre Ogden (Vice President)
Highest reported compensation
- Tania Stokes (Director): $23,909 total reported compensation
- Elizabeth Perez (Lead Teacher): $21,403 total reported compensation
- Alonzo Perry Jr (Director): $21,020 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New hope etc works with communities in the greater jersey city, nj area to provide access to affordable housing, balanced nutrition, and equitable academic engagement.
What it reported doing in 2024
Our nonprofit organization is dedicated to providing comprehensive after-school enrichment programs designed to foster innovation, creativity, and collaboration among young learners. Our operating activities are focused on supporting a diverse team of educators and staff, including teachers, program assistants, and management, who are passionately committed to delivering high-quality educational educational experiences. To facilitate these programs, we invest heavily in a variety of supplies and equipment that enhance learning and engagement. This includes state-of-the-art drones, engineering kits, and architecture kits, which are essential to our steam (science, technology, engineering, arts, and mathematics) curriculum. These tools enable students to explore complex concepts in a hands-on environment, encouraging experimentation and critical thinking. Our organization is committed to equipping tudents with the skills and knowledge needed to thrive in a rapidly changing world. Through our after-school enrichment programs, we strive to create an environment where young minds can flourish h and where the leaders, innovators, and problem solvers of tomorrow are nurtured and inspired.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- 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. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 92
- Accountability: 51
- Sustainability: 25
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: $2,991.26 raised per $1 spent on fundraising; rating input score 99; 99th 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: 55.6%; rating input score 56; 12th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.3%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 19.7%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 47.6% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 50.1% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: -126.3% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 96.6% of revenue deployed · 99.9% of spending went to programs
- Governance: 5 of 9 board members independent · 4 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $700K in reported program spending
- Leadership: top reported pay $24K · 13 people listed
- Consistency: 42 of 42 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Independent voting board scored 56/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 15/100.