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Filing year 2023

HOPEBOUND MINISTRIES INC

Chicago, Illinois·EIN 20-0123458·3
Total revenue
$578k
Total assets
$1.3M
Total expenses
$1.4M
Reported officers
8
Mission

HOPEBOUND PROVIDES ENCOURAGEMENT, SUPPORT, AND DIRECTION TO EARLY-STAGE MINISTRIES AS THEY CREATE INNOVATIVE SOLUTIONS TO ADDRESS THE NEEDS OF THE COMMUNITIES IN WHICH THEY SERVE AND GUIDES THEIR GROWTH INTO SPONSORED MINISTRIES INSTILLED WITH THE FELICIAN CORE VALUES FOR MINISTRY.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Median to 75th percentile
$97k
$107k
Treasurer/secretary
Officer (Unspecified)
$58k
$64k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Up 102%
from 2022

From $48k in 2022 to $97k in 2023.

$48k
2022
$97k
2023
In today's dollarsEst.
Up 95% in real terms$55k to $107k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HOPEBOUND MINISTRIES INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$394k
$687k
2020
$356k
$1.1M
2022
$578k
$1.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HOPEBOUND MINISTRIES INC

What does the Chief Executive Officer of HOPEBOUND MINISTRIES INC earn?

In 2023, the Chief Executive Officer of HOPEBOUND MINISTRIES INC received $96,513 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HOPEBOUND MINISTRIES INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at HOPEBOUND MINISTRIES INC falls between the median and the 75th percentile.

What are HOPEBOUND MINISTRIES INC's revenue and expenses?

In 2023, HOPEBOUND MINISTRIES INC reported $578k in total revenue and $1.4M in total expenses on its IRS Form 990.

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