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Nonprofiteer
← PROMISE OF HOPE FOUNDATION INC

Form 990 for tax year 2022

Filed by PROMISE OF HOPE FOUNDATION INC.

Totals

Total revenue
$543,943
Total expenses
$511,070
Contributions and grants received
$543,943
Grants paid
$280,736
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$63,208
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$63,208
Program services expenses (Part IX)
$280,736
Management and general expenses
$4,432
Fundraising expenses
$225,902
Program service expenses (Part III)
$280,736

Program services were 54.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $401,343

  • 1f · All other contributions, gifts and grants

    $142,600

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $264,086 · program services $264,086

  • 2 · Grants to domestic individuals

    total $16,650 · program services $16,650

  • 11c · Fees: accounting

    total $785 · management and general $785

  • 13 · Office expenses

    total $1,287 · management and general $1,287

  • 14 · Information technology

    total $90 · management and general $90

  • 23 · Insurance

    total $1,591 · management and general $1,591

  • 24a · Other expenses: Annual Gala costs

    total $225,902 · fundraising $225,902

  • 24b · Other expenses: Telephone

    total $679 · management and general $679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,763 · end of year $40,291

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,876 · end of year $22,917

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,304

  • 27 · Net assets without donor restrictions

    beginning of year $30,335 · end of year $63,208

Mission and programs · 2022

Mission

Fundraising events to raise revenue to contribute to needy individuals due to financial hardship, sickness, or due to natural disasters.

Activities or mission (Part I)

Fundraising events to raise charitable contributions to help individuals in need sickness financial hardship natural disasters

  • Charity donations

    Expenses $280,736 · Revenue $543,943

As filed on the 2022 return.

Listed in Part VII

  • Michael Vandenburg

    President

    Total calculated
    $0
    Hours/week
    35

  • Scott Colletti

    Treasurer

    Total calculated
    $0
    Hours/week
    25

  • Michael Vandenburg Jr

    Secretary

    Total calculated
    $0
    Hours/week
    25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • AMT Childrens of Hope Foun

    $54,500

  • Sacred Heart School

    $41,600

  • Nassau County PBA

    $35,000

  • Suffolk County PBA

    $35,000

  • Robb School Memorial Fund

    $20,000

  • Hope House Ministries

    $15,000

  • Camp Abilities Long Island

    $10,000

  • New York City PBA

    $10,000

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202312929349300806

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