New Foundation of Hope
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
New Foundation of Hope does not meet the following 5 Standards for Charity Accountability:
Standard 1 (Oversight of Operations and Staff)
Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.
New Foundation of Hope does not meet this standard because:
The Executive Director also serves as the board chairperson.
Standard 9 (Fund Raising Expense Ratio)
Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.
New Foundation of Hope does not meet this standard because:
Fundraising costs comprise 42% of related contributions, which exceeds BBB's maximum of 35%.
Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.
New Foundation of Hope does not meet this standard because:
Financial statements were not prepared by a CPA and did not use the accrual basis of accounting.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
New Foundation of Hope does not meet this standard because:
Organization does not produce an annual report.
Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.
New Foundation of Hope does not meet this standard because:
The organization's privacy policy does not state what security measures are in place to protect personal information from unauthorized access.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 4, 13, 15
New Foundation of Hope meets the remaining 12 Standards for Charity Accountability.
Stated Purpose:
The mission of New Foundation Of Hope is to provide a safe alternative for youth between the ages of 7-18 years while bridging the gap between the end of the school day and the end of the work day for parents.
Year, State Incorporated:
2002, IL
Food Drives
Cloth/Coat Drives
Summer Camp programs
After school programs
Financial literacy classes
Senior computer literacy classes
For the year ended December 31, 2023, New Foundation of Hope's program expenses were:
| Program services | $653,480 |
| Total Program Expenses | $653,480 |
Chief Executive
Ronald Mason, Executive Director
Chair's Profession / Business Affiliation
Not disclosed
Board Size
4
Paid Staff Size
3
Method(s) Used:
Internet, Door-to-door appeals, Other
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on New Foundation of Hope's IRS Form 990 for the year ended December 31, 2023.
Source of Funds
| Program service revenue | $519,000 |
| Contributions and grants | $230,289 |
| Total Income | $749,289 |
Programs: 87% Fundraising: 13% Administrative: 0%
| Total Income | $749,289 |
| Total expenses: | $750,988 |
| Program expenses | $653,480 |
| Fundraising expenses | $97,508 |
| Administrative expenses | $0 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-1,699 |
| Beginning Net Assets | $20,453 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $18,754 |
| Total Liabilities | $0 |
| Total Assets | $18,754 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Chicago & Northern Illinois