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Nonprofiteer
← MAXIMUM HOPE FOUNDATION

Form 990 for tax year 2023

Filed by MAXIMUM HOPE FOUNDATION.

Totals

Total revenue
$161,628
Total expenses
$282,345
Contributions and grants received
$154,370
Grants paid
$222,169
Program service revenue
$0
Investment income
$7,258
Other revenue
$0
Total assets, end of year
$216,161
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$216,161
Program services expenses (Part IX)
$222,169
Management and general expenses
$60,176
Fundraising expenses
$0
Program service expenses (Part III)
$222,169

Program services were 78.7% 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.

  • 1d · Related organizations

    $40,535

  • 1f · All other contributions, gifts and grants

    $113,835

  • 3 · Investment income

    total $7,258 · related or exempt $7,258

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $222,169 · program services $222,169

  • 5 · Compensation of officers, directors and key employees

    total $17,475 · management and general $17,475

  • 9 · Other employee benefits

    total $10,882 · management and general $10,882

  • 10 · Payroll taxes

    total $915 · management and general $915

  • 11g · Fees: other

    total $1,854 · management and general $1,854

  • 13 · Office expenses

    total $6,232 · management and general $6,232

  • 24a · Other expenses: OFFICE REPAIRS

    total $9,800 · management and general $9,800

  • 24b · Other expenses: POSTAGE AND DELIVERY

    total $3,858 · management and general $3,858

  • 24c · Other expenses: PAYROLL PROCESSING FEES

    total $2,843 · management and general $2,843

  • 24d · Other expenses: RESEARCH

    total $1,430 · management and general $1,430

  • 24e · All other expenses

    total $4,887 · management and general $4,887

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $335,983 · end of year $12,707

  • 2 · Savings and temporary cash investments

    end of year $202,559

  • 10a · Land, buildings and equipment: cost or other basis

    $3,149

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,149

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $895 · end of year $895

  • 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 $336,878 · end of year $216,161

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN WHO ARE CRITICALLY ILL SO THAT PARENT(S) CAN OPTIMIZE THE TIME SPENT WITH SUCH CHILDREN. GENERALLY, SUCH FINANCIAL ASSISTANCE WILL BE USED TO HELP FAMILIES COVER EXPENSES SUCH AS RENT/MORTGAGE, GROCERIES, CHILD CARE(FOR SIBLINGS), TRAVEL, CLEANING SERVICES AND ITEMS THAT WOULD PROVIDE JOY OR COMFORT TO THE ILL CHILD.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY PURPOSE IS TO SUPPORT FAMILIES WITH THE DEVASTATING FINANCIAL AND EMOTIONAL CHALLENGES TO CARING FOR A CHILD WITH A CRITICAL ILLNESS.

  • PROVIDED FINANCIAL ASSISTANCE TO SEVERAL NEEDY FAMILIES WITH CHILDREN WHO ARE CRITICALLY ILL BY PAYING FOR THE FAMILIES' PERSONAL EXPENSES.

    Expenses $60,042

  • THE FOUNDATION RECEIVED CONTRIBUTIONS TOTALING $154,370 DURING THE YEAR AND WAS ABLE TO ASSIST FAMILIES WITH THEIR MORTGAGE PAYMENTS, RENT OR OTHER LIVING EXPENSES SO PARENTS CAN FOCUS ON WHAT IS MOST IMPORTANT FOR THEIR CHILD. WE ALSO PROVIDE ITEMS OF HOPE FOR CHILDREN AND FAMILIES TO ENSURE THEY KNOW THEY ARE NOT ALONE.

    Expenses $162,127 · Grants $222,169 · Revenue $154,370

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRAD GARRETT

    PRESIDENT, CEO, CFO

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349317903

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