Nonprofit · EIN 45-0497577
HOPE STREET GROUP
Tax-exempt · BURR RIDGE, IL 60527
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,226,432 | $2,173,607 | $52,825 | $1,687,979 | $13,672 | $1,674,307 |
| June 30, 2024 | 990 | $2,186,104 | $1,985,369 | $200,735 | $1,655,733 | $8,577 | $1,647,156 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,182,979
- Program service revenue
- $4,000
- Investment income
- $39,453
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $612,041
- Other salaries and wages
- $617,518
- Salaries, compensation and benefits (total)
- $1,415,404
- Professional fundraising fees
- $0
- Legal fees
- $13,331
- Accounting fees
- $45,357
- Travel
- $98,029
- Depreciation
- $180,422
- Program services (functional)
- $1,827,601
- Management and general (functional)
- $346,006
Balance sheet and other
- Total assets, start of year
- $1,655,733
- Total assets, end of year
- $1,687,979
- Total liabilities, end of year
- $13,672
- Net assets, end of year
- $1,674,307
- Land, buildings and equipment
- $2,551
- Net assets without donor restrictions
- $1,674,307
- Gross receipts
- $2,226,432
- Employees
- 7
- Volunteers
- 25
- Year formed
- 2003
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM HANSON | CTO Trustee or director, Key employee, Highest-paid employee | 45 | $303,333 | $22,089 |
| DAVID MA | PRESIDENT CEO Trustee or director, Officer, Key employee, Highest-paid employee | 60 | $272,554 | $4,034 |
| NORRIS CHEBL | ENGINEER Trustee or director, Highest-paid employee | 40 | $160,000 | $208 |
| ALLEN BLUE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BYRON AUGUSTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID JAVDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONIQUE NADEAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TED MEISEL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID MA | PRESIDENT CEO Trustee or director, Officer, Key employee, Highest-paid employee | 60 | $277,037 | $2,770 |
| WILLIAM HANSON | CTO Trustee or director, Key employee, Highest-paid employee | 45 | $245,848 | $23,050 |
| KAREN ALDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALLEN BLUE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BYRON AUGUSTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID JAVDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONIQUE NADEAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN GREENE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TED MEISEL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7055 VETERANS BLVD STE D, BURR RIDGE, IL 60527-5641
- Principal officer (990 for 2024)
- David Ma, 7055 Veterans Blvd STE D, Burr Ridge, IL 60527
- Signed the 990
- David Ma, CEO
- Phone
- (630) 789-0200
- Website
- WWW.HOPESTREETGROUP.ORG
- Return prepared by
- Mrjenovich & Bertucci Ltd
Mission
SEE SCHEDULE O
Program accomplishments
- IN 2003, ON SOUTH HOPE STREET IN LOS ANGELES, CA, A GROUP OF YOUNG ENTREPRENEURS, BUSINESS, AND TECHNOLOGY PROFESSIONALS CONCERNED WITH INDIVIDUAL AND NATIONAL ECONOMIC OPPORTUNITY IN THE U.S. FORMED HOPE STREET GROUP. THIS GROUP BELIEVED THAT BY INFUSING DIVERSE UNDERSTANDING AND EXPERTISE INTO ECONOMIC CHALLENGES, WE COULD DRAMATICALLY IMPROVE ACCESS TO OPPORTUNITY. SINCE OUR FOUNDING, WE HAVE WORKED DILIGENTLY TO APPLY THIS MODEL AND INCORPORATE THE APPLICATION OF INNOVATION AND TECHNOLOGY TO THE EDUCATION SECTOR. OUR IMPACT OUR WORK HAS IMPACTED EDUCATION POLICY AND TEACHER PRACTICE.Expenses $1,586,449 · revenue $4,000
- THROUGH HOPE STREET GROUPS EDUCATION INITIATIVES , WE OFFER AN OPPORTUNITY FOR POLICYMAKERS AND EDUCATORS TO WORK TOGETHER TO SIGNIFICANTLY IMPROVE THE WAY PUBLIC EDUCATION OPERATES AT THE NATIONAL, STATE, AND LOCAL LEVELS. WE HAVE SEEN THAT BY CREATING STRUCTURED PROGRAMS AND LEVERAGING THE MODEL OF THE TEACHER FELLOW PROGRAMS THROUGH CROSS-LEARNING AND COMMUNICATIONS, WE CAN STREAMLINE CHALLENGES AND SCALE SOLUTIONS BETWEEN VARIOUS EDUCATION STAKEHOLDERS. IN ADDITION, OUR NETWORK PROVIDES ACCESS TO INDIVIDUALS WHO OFFER UNIQUE, NEW, AND ON-THE-GROUND PERSPECTIVES THAT COULD POTENTIALLY BECOME VIABLE SOLUTIONS TO PUBLIC POLICY PROBLEMS. HOPE STREET GROUP OFFERS A SAFE PLACE TO TEST THOSE SOLUTIONS AND TO PILOT NEW IDEAS.Expenses $241,152
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0497577
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $1,687,979
- Income (IRS master file)
- $2,226,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,226,432 | $2,173,607 | $1,687,979 | IRS |
| 990 | June 2024 | $2,186,104 | $1,985,369 | $1,655,733 | IRS |
| 990 | June 2023 | $1,668,559 | $1,192,605 | $1,455,109 | IRS |
| 990 | June 2022 | $766,335 | $806,251 | $998,929 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0497577).
Questions about HOPE STREET GROUP
- What is the EIN of HOPE STREET GROUP?
- The employer identification number (EIN) of HOPE STREET GROUP is 45-0497577.
- Is HOPE STREET GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to HOPE STREET GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE STREET GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPE STREET GROUP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE STREET GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOPE STREET GROUP?
- The 990 for the year ended June 30, 2025 names David Ma.
- Who are the officers and directors of HOPE STREET GROUP?
- The 990 for the year ended June 30, 2025 lists 9 people; 3 received compensation from the organization, the highest $303,333 (WILLIAM HANSON, CTO).
- How much revenue does HOPE STREET GROUP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,226,432, expenses of $2,173,607 and total assets of $1,687,979 at year end.
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