Overview

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Est.

2020

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Hopeloft A NJ Nonprofit Corporation is dedicated to community improvement through a collective impact approach, serving as an incubator for solutions to significant social and economic challenges. With an operating budget of $1.6 million and total revenue of $1.7 million for the 2024 filing year, the organization leverages substantial funding from various sources. Hopeloft does not rely on any single funder for 50% or more of its revenue, ensuring a diverse financial base to support its mission of creating positive change in the community. For more information, visit their website at https://www.hopeloft.com/.

Mission Statement

Hopeloft is an incubator for solutions to serious social and economic problems. Housing people and projects that work towards a common goal through a collective impact approach, our network is dedicated to creating positive change in our community.
Revenues
$1.7M
Expenses
$1.6M
Net Income:
+$110.6K
Assets
$1.1M
Liabilities
$843.8K
Net Assets:
+$241.9K
Operating Budget
$1.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$205.5K
Largest grant received
$550.4K
M
Melissa Helmbrecht
Board Member
W
William Helmbrecht
Board Member
M
Michelle Rutkowski
Board Member

Frequently Asked Questions

What is Hopeloft A NJ Nonprofit Corporation’s budget?
In 2024, Hopeloft A NJ Nonprofit Corporation reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does Hopeloft A NJ Nonprofit Corporation support?
Hopeloft A NJ Nonprofit Corporation supports work in Community improvement.
Where does Hopeloft A NJ Nonprofit Corporation operate?
Hopeloft A NJ Nonprofit Corporation is headquartered in Bridgeton, NJ.
Who funded Hopeloft A NJ Nonprofit Corporation recently?
In 2024, Hopeloft A NJ Nonprofit Corporation received grants from THE ROBERT WOOD JOHNSON FOUNDATION, NEW JERSEY CIVIC INFORMATION CONSORTIUM A NJ NONPROFIT CORPORATION, and TD CHARITABLE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Hopeloft A NJ Nonprofit Corporation received in 2024?
The largest grant to Hopeloft A NJ Nonprofit Corporation in 2024 exceeds $550 thousand.
What is Hopeloft A NJ Nonprofit Corporation’s reliance on government grants?
Hopeloft A NJ Nonprofit Corporation relied on government grants for more than 60% of their total revenue in 2024.