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Nonprofiteer
← BOOSTING HOPE INC

Form 990 for tax year 2023

Filed by BOOSTING HOPE INC.

Totals

Total revenue
$50,440
Total expenses
$29,872
Contributions and grants received
$48,979
Grants paid
$20,612
Program service revenue
$0
Investment income
$1,461
Other revenue
$0
Total assets, end of year
$99,870
Total liabilities, end of year
$18,445
Net assets or fund balances, end of year
$81,425
Program services expenses (Part IX)
$20,612
Management and general expenses
$5,074
Fundraising expenses
$4,186
Program service expenses (Part III)
$20,612

Program services were 69.0% 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.

  • 1f · All other contributions, gifts and grants

    $48,979

  • 3 · Investment income

    total $2,384 · excluded $2,384

  • 7a · Gross sales of assets other than inventory

    securities $193,088 · other assets $309

  • 7b · Less cost or other basis and sales expenses

    securities $194,011 · other assets $309

  • 7c · Gain or loss

    securities -$923 · other assets $0

  • 7d · Net gain or loss

    total -$923 · excluded -$923

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,612 · program services $20,612

  • 11b · Fees: legal

    total $2,297 · management and general $2,297

  • 11f · Fees: investment management

    total $1,305 · management and general $1,305

  • 12 · Advertising and promotion

    total $4,186 · fundraising $4,186

  • 13 · Office expenses

    total $24 · management and general $24

  • 24a · Other expenses: DUES/SUBSCRIPTIONS

    total $645 · management and general $645

  • 24b · Other expenses: REGISTRATIONS/LICENSES

    total $643 · management and general $643

  • 24c · Other expenses: BANK CHARGES

    total $160 · management and general $160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $41,109

  • 2 · Savings and temporary cash investments

    beginning of year $20,500 · end of year $505

  • 8 · Inventories for sale or use

    beginning of year $8,948 · end of year $8,752

  • 11 · Investments: publicly traded securities

    beginning of year $39,955 · end of year $49,504

  • 25 · Other liabilities

    beginning of year $18,445 · end of year $18,445

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $50,958 · end of year $81,425

Mission and programs · 2023

Mission

TO BOOST HOPE FOR UNDERPRIVILEGED AND DISADVANTAGED INDIVIDUALS AND COMMUNITIES BY PROVIDING GAP GRANTS IN THE AREAS OF LIVELIHOOD, HEALTH, EDUCATION, AND HOUSING. THIS COULD INCLUDE SCHOLARSHIPS AND HELP IN PROVIDING AFFORDABLE HOUSING.

  • BOOSTING HOPE INC HAS CREATED AWARENESS OF THE NONPROFIT BY CREATING A WEBSITE WHICH DESCRIBES THE MISSION AND ACTIVITIES. IT ALLOWS POTENTIAL DONORS TO DONATE AND TO APPLY TO VOLUNTEER FOR THE NONPROFIT'S MISSION. BOOSTING HOPE HAS ALSO RECEIVED LARGER DONATIONS TO HELP FURTHER THEIR MISSION OF BOOSTING HOPE FOR UNDERPRIVILEGED AND DISADVANTAGED INDIVIDUALS AND COMMUNITIES BY PROVIDING GAP GRANTS IN THE AREAS OF LIVELIHOOD, HEALTH, EDUCATION, AND HOUSING. THIS COULD INCLUDE SCHOLARSHIPS AND HELP IN PROVIDING AFFORDABLE HOUSING. THE NONPROFIT AWARDED 10 SCHOLARSHIPS IN 2023.

    Expenses $20,612 · Grants $20,612

As filed on the 2023 return.

Listed in Part VII

  • Naseer Rana

    DIRECTOR, PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Huma Rana

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Silvia Ahmed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
20 August 2024
IRS schema version
2023v5.1
Source object
202402339349301200

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