HOPE IGNITES CHICAGO

EIN: 510248353 501(c)(3)

Wilmette, IL

Total Revenue
$4,033,798
Total Expenses
$2,725,982
Total Assets
$13,013,709
Net Assets
$12,852,040
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MO
Principal Officer
Karen Croteau
Phone
8479202783
Tax Period
2024-07-01 to 2025-06-30

HOPE IGNITES CHICAGO, founded in 1977, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $1.3M, a strong 32% operating margin.

Mission

Boys Hope Girls Hope nurtures and guides motivated young people in need to become well-educated, career-ready men and women for others through its holistic, long-term residential and academy programming. The organization provides direct program support and college scholarships.

Program Service Accomplishments

Program 1
Expenses: $1,968,643 Revenue: $0

BHGH of Illinois is a privately funded, DCFS-licensed, residential scholarship program. We provide family-like group homes, college-prep education, and support through college graduation to motivated...

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BHGH of Illinois is a privately funded, DCFS-licensed, residential scholarship program. We provide family-like group homes, college-prep education, and support through college graduation to motivated students from impoverished families, mostly from Chicago's South and West sides. We have a 40-year track record in Evanston with hundreds of successful outcomes. For our 24 high school Scholars, ages 12-18, we break down barriers to achievement by providing everything a fortunate family might offer: a safe, structured home and excellent schools, nightly meals around a family table, medical care and social-emotional support, tutoring, ACT prep, college application guidance, community service, and extracurricular activities. For our 24 Collegians, we provide financial aid navigation, a scholarship, dorm setup, and computer, internship access, career readiness, and ongoing support when they stumble. BHGH offers motivated kids an opportunity to see the world beyond their neighborhoods and build a future for themselves and their families through grit, hard work, and high-quality education. Our program works: 100% of our Scholars graduate high school and matriculate to college. 75% of our Scholars graduate with a college degree!

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,287,800
Program Service Revenue $324,955
Investment Income $321,887
Other Revenue $99,156
TOTAL REVENUE $4,033,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,311,845
Fundraising Expenses $563,573
Program Expenses $1,968,643
Other Expenses $1,414,137
TOTAL EXPENSES $2,725,982

Year-over-Year Comparison

2024 2023 Change
Revenue $4,033,798 $4,923,491 -0.2%
Expenses $2,725,982 $2,437,819 +0.1%
Net Income $1,307,816 $2,485,672 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
34
Employees
26
Volunteers
72

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
37
$152,848
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Croteau Executive Director 40
Director
$152,848 $0 $152,848
Michael Leahy Chair 1
Director
$0 $0 $0
Jamie Baisley Executive Committee 1
Director
$0 $0 $0
Mike Halkitis Executive Committee 1
Director
$0 $0 $0
John Lafferty Executive Committee 1
Director
$0 $0 $0
Amy Ward Executive Committee 1
Director
$0 $0 $0
Jim Bertler Treasurer and Finance Chair 1
Director
$0 $0 $0
Daniel Baker Executive Committee 1
Director
$0 $0 $0
Christine Hjorth Events Chair 1
Director
$0 $0 $0
Jeff Lundal Executive Committee 1
Director
$0 $0 $0
John Zumski Secretary and Service Chair 1
Director
$0 $0 $0
David Gibson Nominations Chair 1
Director
$0 $0 $0
Michael Kailus Housing Chair 1
Director
$0 $0 $0
Christopher Tarzon Executive Committee 1
Director
$0 $0 $0
David Blocker Board Member 1
Director
$0 $0 $0
Lucien Cater Board Member 1
Director
$0 $0 $0
Chris Crawshaw Board Member 1
Director
$0 $0 $0
Donald Doan Board Member 1
Director
$0 $0 $0
Mary Beth Fahrney Board Member 1
Director
$0 $0 $0
Rochelle Foster Board Member 1
Director
$0 $0 $0
Kathleen Gallagher Board Member 1
Director
$0 $0 $0
Krista Gallagher Board Member 1
Director
$0 $0 $0
John Hughes Board Member 1.00
Director
$0 $0 $0
Martha Idler Board Member 1
Director
$0 $0 $0
Peter Lee Board Member 1
Director
$0 $0 $0
Kelly Lomas Board Member 1
Director
$0 $0 $0
Robert Martin Board Member 1
Director
$0 $0 $0
Thomas McBreen Board Member 1
Director
$0 $0 $0
Corinne McClintic Board Member 1
Director
$0 $0 $0
Cyrus Oelerich Board Member 1
Director
$0 $0 $0
Christopher Penna Board Member 1
Director
$0 $0 $0
Timothy Reynolds Board Member 1
Director
$0 $0 $0
George Sargent Board Member 1
Director
$0 $0 $0
Andrew Shackelford Board Member 1
Director
$0 $0 $0
Matt Singh Board Member 1
Director
$0 $0 $0
Jamar Slade Board Member 1
Director
$0 $0 $0
Rudolph Trebels Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,033,798 $2,725,982 $13,013,709 $1,307,816
2024 $4,923,491 $2,437,819 $11,307,721 $2,485,672
2023 $2,210,344 $2,294,473 $8,535,633 $-84,129
2022 $3,217,355 $1,936,916 $7,760,886 $1,280,439
2021 $2,787,835 $2,159,124 $8,242,662 $628,711
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