HOPE INITIATIVES CDC INCORPORATED Charity Report

Public IRS 990 nonprofit record

HOPE INITIATIVES CDC INCORPORATED

EIN 03-0374933 · Educational Services (B90)

What they do

HOPE INITIATIVES ENVISIONS THE DAY WHEN "RECEIVERS" HAVE BECOME "GIVERS". THIS HAPPENS WHEN THOSE WHO DEPEND UPON SOME FORM of SOCIAL SERVICE SUPPORT to MEET BASIC NEEDS HAVE BECOME SELF-SUFFICIENT and ABLE to MEET THEIR OWN NEEDS, and ARE THEN WILLING and ABLE to LEND A HAND to THOSE WHO CANNOT YET HELP THEMSELVES. WE HELP RECEIVERS BREAK THE CYCLE of DEPENDENCY BY SERVING OTHERS, DEVELOPING SKILLS, and THINKING DIFFERENTLY ABOUT THEIR POTENTIAL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.66%of revenue went to mission work78.1% of expenses · Program services

$105.84spent for every $100 of revenueSpending was higher than revenue this year.

23.18%of revenue went to management and office costs21.9% of expenses

$0.42in assets for every $1 spent this yearSome assets cannot be spent right away.

13.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $63,091 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $39,362 for DALE SEDGWICK (CEO - THRU 3/31/24). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,079,832

Mission workProgram services$892,56982.66% of revenue78.1% of expenses

ManagementOffice and general costs$250,35423.18% of revenue21.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,142,923105.84% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 78.1% mission · 21.9% management · 0.0% fundraisingTotal expenses: 105.84% of revenue

2022Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 96.10% of revenue

2021Expense mix: 82.9% mission · 17.1% management · 0.0% fundraisingTotal expenses: 121.22% of revenue

2020Expense mix: 77.7% mission · 22.3% management · 0.0% fundraisingTotal expenses: 102.25% of revenue

2019Expense mix: 83.0% mission · 17.0% management · 0.0% fundraisingTotal expenses: 101.56% of revenue

2018Expense mix: 84.1% mission · 15.9% management · 0.0% fundraisingTotal expenses: 95.66% of revenue

2017Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 94.97% of revenue

2016Expense mix: 84.6% mission · 15.4% management · 0.0% fundraisingTotal expenses: 93.60% of revenue

Money in and money out

Revenue$1,079,832

Expenses$1,142,923

Annual shortfall $63,091 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$892,569 · 78.1% of expenses

Management and office costs$250,354 · 21.9% of expenses

See all reported dollar amounts

Revenue$1,079,832

Expenses$1,142,923

Assets$480,465

Income$1,148,424

Contributions$142,681

Mission work (program services)$892,569

Management and general$250,354

Executive compensation (total)$337,506

Accounting fees$12,500

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DALE SEDGWICKCEO - THRU 3/31/24 · 38 hrs/week $39,362

TIM MCCLURECEO · 38 hrs/week $34,327

DAVID DEYFINANCE DIRECTOR · 10 hrs/week $31,875

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

DALE SEDGWICKCEO - THRU 3/31/24

TIM MCCLURECEO

DAVID DEYFINANCE DIRECTOR

ARNIS SPRANCMANISBOARD SECRETARY

ERIC NAGLEBOARD CHAIRPERSON

JERRY BEILAWSKIDIRECTOR AT LARGE - JOINED DURING YEAR

LORI SOUSA-MEIXELLBOARD VICE CHAIRPERSON - RESIGNED DURING YEAR

MICHAEL OLSONDIRECTOR AT LARGE

MICHAEL SHIPMANDIRECTOR AT LARGE

WAYNE COLEMANDIRECTOR AT LARGE - RESIGNED DURING YEAR

About this charity

Recognized since: January 2002
Location: 506 WEST BROAD STREET, ROCHESTER, NY 14608
County: Monroe
In care of: MICHAEL OLSON
Primary officer: MICHAEL OLSON, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(585) 232-1136

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: MENGEL METZGER BARR & CO LLP
NTEE classification: Educational Services (B90)
IRS tax category: Educational Services