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Nonprofiteer
← PROMISE OF HOPE FOUNDATION INC

Form 990 for tax year 2025

Filed by PROMISE OF HOPE FOUNDATION INC.

Totals

Total revenue
$833,690
Total expenses
$805,751
Contributions and grants received
$833,689
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$0
Total assets, end of year
$38,924
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$38,924
Program services expenses (Part IX)
$555,917
Management and general expenses
$26,882
Fundraising expenses
$222,952
Program service expenses (Part III)
$555,917

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.

  • 1c · Fundraising events

    $678,251

  • 1f · All other contributions, gifts and grants

    $155,438

  • 3 · Investment income

    total $1 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $678,251

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: Supplies

    total $2,732 · program services $0 · management and general $2,732 · fundraising $0

  • 24b · Other expenses: Telephone

    total $713 · program services $0 · management and general $713 · fundraising $0

  • 24c · Other expenses: Advertising & promotion

    total $7,200 · program services $0 · management and general $7,200 · fundraising $0

  • 24d · Other expenses: Media contact

    total $6,000 · program services $0 · management and general $6,000 · fundraising $0

  • 24e · All other expenses

    total $789,106 · program services $555,917 · management and general $10,237 · fundraising $222,952

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,959 · end of year $38,924

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $974

  • 19 · Deferred revenue

    beginning of year $21,000

  • 22 · Loans and payables to officers and key people

    beginning of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,985 · end of year $38,924

Mission and programs · 2025

Mission

Fundraising events to raise charitable contributions to help individuals in need. (sickness, financial hardship, natural disasters)

  • Donations Venue and related costs Credit card fees

    Expenses $555,917 · Revenue $833,690

As filed on the 2025 return.

Listed in Part VII

  • Michael VanDenburg

    President

    Total calculated
    $0
    Hours/week
    30

  • Scott Colletti

    Treasurer

    Total calculated
    $0
    Hours/week
    20

  • Michael VanDenburg Jr

    Secretary

    Total calculated
    $0
    Hours/week
    20

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
2025
Filed
31 July 2026
IRS schema version
2025v4.1
Source object
202642129349301214

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