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Nonprofiteer
← PAINTING HOPE INC

Form 990 for tax year 2024

Filed by PAINTING HOPE INC.

Totals

Total revenue
$24,886
Total expenses
$318,934
Contributions and grants received
$20,028
Grants paid
$221,313
Program service revenue
$0
Investment income
$4,858
Other revenue
$0
Total assets, end of year
$360,512
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$360,512
Program services expenses (Part IX)
$292,734
Management and general expenses
$26,200
Fundraising expenses
$0
Program service expenses (Part III)
$292,734

Program services were 91.8% 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

    $20,028

  • 3 · Investment income

    total $4,858 · related or exempt $4,858

  • 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 $221,313 · program services $221,313

  • 5 · Compensation of officers, directors and key employees

    total $25,500 · management and general $25,500

  • 11c · Fees: accounting

    total $4,010 · program services $4,010

  • 11g · Fees: other

    total $1,403 · program services $703 · management and general $700

  • 12 · Advertising and promotion

    total $39 · program services $39

  • 13 · Office expenses

    total $5,488 · program services $5,488

  • 17 · Travel

    total $1,288 · program services $1,288

  • 22 · Depreciation, depletion and amortization

    total $40,420 · program services $40,420

  • 23 · Insurance

    total $6,864 · program services $6,864

  • 24a · Other expenses: Auto & Parking

    total $2,988 · program services $2,988

  • 24b · Other expenses: Supplies

    total $6,719 · program services $6,719

  • 24c · Other expenses: Repairs & Maint

    total $706 · program services $706

  • 24d · Other expenses: Meals & Ent

    total $1,965 · program services $1,965

  • 24e · All other expenses

    total $231 · program services $231

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $506,290 · end of year $251,323

  • 7 · Other notes and loans receivable

    beginning of year $16,000 · end of year $16,000

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

    $289,284

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

    $215,958

  • 10c · Land, buildings and equipment, net

    beginning of year $132,305 · end of year $73,326

  • 15 · Other assets

    beginning of year $19,863 · end of year $19,863

  • 27 · Net assets without donor restrictions

    beginning of year $674,458 · end of year $360,512

Mission and programs · 2024

Mission

Painting Hope is a live art performance and presentation by Eric Samuel Timm that brings hope, inspiration, and empowerment to audiences internationally.

  • Painting hope offers this live art performances and messages for four fundraising initiatives in partnership with other non-profits to assist them in advocacy for the worlds most vulnerable children through sponsorship, to support character development in Public and Private Schools with partnership with educators, and to corporate events for the inspiration and development of teams resulting in increased business productivity.

    Expenses $292,734 · Grants $221,313 · Revenue $20,028

As filed on the 2024 return.

Listed in Part VII

  • Eric Timm

    President

    Total calculated
    $25,500
    From this org
    $25,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Danielle Timm

    Vice-President

    Total calculated
    $0
    Hours/week
    0

  • Andy Cass

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Christy Cass

    Secretary

    Total calculated
    $0
    Hours/week
    0

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
2024
Filed
5 March 2025
IRS schema version
2024v5.2
Source object
202522239349302142

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