Chicago IL | IRS ruling year: 2021 | EIN: 86-2828908
An EIN is a unique nine-digit number that identifies a business for tax purposes.
An EIN is a unique nine-digit number that identifies a business for tax purposes.
Organization Mission
No more dreams deferred. Hope Chicago provides equitable access to debt-free higher education for CPS graduates and their parents–removing barriers for Chicago's hou ... (More)
Rating Information
Not currently rated
Ratings are calculated from one or more beacon scores. Currently, we require either an Accountability & Finance beacon or an Impact & Measurement beacon to be eligible for a Charity Navigator rating. Note: The absence of a rating does not indicate a positive or negative assessment; it only indicates that we have not yet evaluated this organization.
See rating report below to learn why this organization is not currently eligible.
Historical Ratings
Charity Navigator's ratings previously did not consider Leadership & Adaptability, Culture & Community, or Impact & Measurement. The historic rating mainly reflects a version of today’s Accountability and Finance score. More information on our previous rating methodologies can be found on our rating methodology page.
Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!
Hope Chicago Inc. cannot currently be evaluated by our Accountability & Finance methodology due to only having 2 years of electronically-filed IRS Form 990 data.
To ensure year-to-year consistency the Encompass Rating System's Accountability & Finance beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has 2 years of consecutive e-filed Forms 990 from the IRS for Hope Chicago Inc. under the EIN: 86-2828908.
Before Charity Navigator can evaluate Hope Chicago Inc., Hope Chicago Inc. will need to e-file for additional fiscal years.
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Click or hover over the bar to see exact $ amount
Salary of Key Persons - Data Available
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Janice K Jackson Ed D, Ceo
$494,750
Matthew Lyons, Cfo
$244,400
Michele Howard, Chief Program Officer
$169,650
Cameron Hardamon, Chief Impact Officer
$141,750
Nicole Turner, Director Of Administration
$117,000
Source: IRS Form 990 (page 7), filing year 2023
IRS Published Data (Business Master File) - Data Available
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources (IRS Forms 990) - Data Available
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage accountability and finance data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (Hope Chicago Inc.) or EIN (862828908) in the 'Search Term' field.
Impact & Measurement
Score
98
This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
The Measuring Outcomes assessment evaluates how well a charity tracks progress towards its mission's outcomes.
Displayed below are the responses provided by the charity for the Measuring Outcomes assessment. Each question is designed to address specific criteria, with responses eligible for full, partial, or no credit. Please refer to the scoring rubric for details on how responses are scored.
This section assesses the use of crucial evaluation tools in program objective-setting and activities.
Charity leadership uses information collected to make decisions regarding programs
Agree, uses information collected to improve programs
Charity staff have training or experience in monitoring and evaluation
Agree, staff have experience working with monitoring and evaluation practices
Charity has staff responsible for collecting information and measuring program progress
Agree, has dedicated team or department
Charity has documents and reviews how program activities lead to change
Agree, documents and reviews
Charity has researched program model before implementation in the following ways
Review of academic research
Consulted other nonprofits
Referred to the practices of similar nonprofits
Charity revisits how program activities lead to change
Agree, does revisit how program activities lead to change
Charity tracks program progress in the following ways
Tracks activities
Tracks outcomes and impacts
Tracks using timelines and milestones
Aligns plan with mission
Program Development
27 out of 27 points
This section assesses the consideration of stakeholders in program objectives and activities.
Charity identifies program target population needs in the following ways
Consulted other nonprofits
Reviewed data from prior monitoring and/or evaluation
Conducted interviews and/or focus groups
Conducted a needs assessment
Conducted a baseline assessment
Charity considers practical, cultural, and political needs and interests of those served by program
Agree, charity is responsive to practical, cultural, and political needs
Charity reviews the work whether similar organizations work on the same problem
Agree, reviews the work of similar organizations
Charity uses SMART Goals
Agree, identified Specific, Measurable, Achievable, Relevant, and Time-Bound (SMART) goals
Data Collection and Analysis
18 out of 18 points
This section assesses the best practices used in collecting and analyzing program data.
Charity tracks program information in the following ways
Collects data before a program is initiated
Collects data during program implementation
Collects data when a program is complete
Charity collects programmatic information on those served by the program in the following ways
Identifies the number of those served by program
Collects demographic data of those served by program
Identifies the number of those successfully served by the program
Collects information about the quality of service from the target population
Charity collects and analyzes program information to determine results in the following ways
Generates summary statistics of key metrics
Compares results to data from major institutions
Compares effect of program on target population and those not served by program
Conducts data analysis over multiple points in time to measure change over time
Compares programs results to programs that work on the same issues
Compares program results to different types of programs in the geographic area
Reporting and Distribution of Results
18 out of 18 points
This section assesses reporting and disseminating program results.
Charity reports program results to key stakeholders
Funders
Staff and volunteers
Board members
Participants/beneficiaries of our work
Other organizations engaged in similar work
Findings are publicly available
Charity reports both favorable and unfavorable results
Yes, charity reports both favorable of unfavorable results
Use of Results
9 out of 9 points
This section assesses the use of results to guide learning.
Charity uses program results to inform future work for the following reasons
Sustain and secure funding
Inform strategic planning
Improve program operations
Understand the impact of their work
Inform how we create future programs
Culture & Community
Not Currently Scored
Hope Chicago Inc. cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission.
No more dreams deferred. Hope Chicago provides equitable access to debt-free higher education for CPS graduates and their parents–removing barriers for Chicago's households most in need.
Vision Statement
10 out of 10 points
The nonprofit organization presents evidence of strategic thinking through articulating the organization's vision.
Hope Chicago aims to transform Chicago by improving postsecondary enrollment, preparedness, and retention while also increasing degree completion rates and household earnings for South and West side communities.
Strategic Goals
20 out of 20 points
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Identify schools where increased postsecondary access and support can have the greatest impact and promise debt-free pathways to postsecondary education for all students, regardless of GPA.
Goal Two: Make a two-generation investment by offering debt-free scholarships for students and a parent, covering tuition, fees, and books. Student scholars also receive room & board.
Goal Three: Build partnerships and connect scholars to best-in-class postsecondary support and career counseling. Also, prepare scholars for careers via internships, mentoring, and/or work-related training.
Leadership
30 out of 30 points
Full Credit
Partial Credit
No Credit
Investment in Leadership Development
15 out of 15 points
The nonprofit provides evidence of investment in leadership development.
Hope Chicago's executive team works with the Bridgespan Group in their Leading for Impact program - a program for nonprofit executive teams that helps them strengthen their overall leadership skills while also making progress on a specific strategic goal.
External Focus on Mobilizing Mission
15 out of 15 points
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Collaborative Engagement
Thought Leadership
Social Promotion
Civic Engagement
Public Policy Advocacy
Adaptability
30 out of 30 points
Full Credit
Partial Credit
No Credit
Adaptability Statement
30 out of 30 points
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
Founded in 2021, Hope Chicago has undergone tremendous growth in the past couple years. In our first year alone, we saw a 30% increase in postsecondary enrollment in our partner high schools and sent a cohort of 670 Hope Scholars to 2-year and 4-year postsecondary programs across the state of Illinois. Since then, we have launched our Parent Scholars program that allows parents to complete a postsecondary degree debt-free as well and have expanded our partnership network. We are continuing to grow as our second cohort of students start their postsecondary journey. We also are growing our advocacy agenda in hopes of making postsecondary education more accessible to all.