Better Business Bureau Report for
New Foundation of Hope Inc.

Better Business Bureau Report issued June 2016
Better Business Bureau Report expires June 2018

This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...

Find out more about this charity:

Back To Top

Charity Contact Information

Name: New Foundation of Hope Inc.
Address: 8144-8148 S. Kedzie Ave
  Chicago, IL 60652
Phone: 773-937-4040
Web Address:
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 1999, Illinois
Affiliates: None
Stated Purpose: New Foundation of Hope wants to reduce crime and help bring positive change to today's youth. They hope to do this by making them responsible citizens in life and encouraging them to always look forward to a successful future. Their goal is to keep youths off the street, teach them constructive values, promote respect, responsibility, and discipline, and help them choose a career.

Back To Top

Evaluation Conclusions


New Foundation of Hope Inc. meets the 20 Standards for Charity Accountability.
Back To Top



Our principal activities have been to serve youth and families by providing after school and summer program . We also hold several events through out the year

For the fiscal year ended December 31, 2014, New Foundation of Hope Inc.'s program expenses were:

Total Program Expenses: $
Back To Top



Chief Executive : Ronald Mason, Executive Director

Chair of the Board: Board of Directors
Chair's Profession / Business Affiliation: Chairperson

Board Size: 5

Paid Staff Size: 10

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising


Method(s) Used:

direct mail, print advertisements, grant proposals, door to door, planned giving arrangements
Fund raising costs were 14% of related contributions. (Related contributions, which totaled $369,250, are donations received as a result of fund raising activities.)
Back To Top

Tax Status


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.
Back To Top



The following information is based on New Foundation of Hope Inc.'s audited financial statements for the fiscal year ended December 31, 2014.

Source of Funds  
contributions 369,250
other income 1,159
Total Income $370,409


Uses of Funds as a % of Total Expenses

Programs: 72%  Fund Raising: 14%  Administrative: 14% 

Total income $370,409
Program expenses $256,166
Fund raising expenses 50,630
Administrative expenses 48,839
Total expenses $350,635
Income in Excess of Expenses 19,774
Beginning net assets 5,238
Ending net assets 25,012
Total liabilities
Total assets $25,012

Back To Top

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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:

What is an Accredited Charity