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Nonprofiteer
← HOPE TO OPPORTUNITIES FOUNDATION

Form 990 for tax year 2023

Filed by HOPE TO OPPORTUNITIES FOUNDATION.

Totals

Total revenue
$1,361,101
Total expenses
$123,396
Contributions and grants received
$1,111,216
Grants paid
$6,303
Program service revenue
$300
Investment income
$110,297
Other revenue
$139,288
Total assets, end of year
$5,852,129
Total liabilities, end of year
$68,193
Net assets or fund balances, end of year
$5,783,936
Program services expenses (Part IX)
$14,870
Management and general expenses
$105,850
Fundraising expenses
$2,676
Program service expenses (Part III)
$14,870

Program services were 12.1% 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

    $1,111,216

  • 2a · Program service revenue: JEEP RAFFLE

    total $300 · excluded $300

  • 3 · Investment income

    total $110,297 · excluded $110,297

  • 8a · Fundraising events: gross income

    $178,286

  • 8b · Fundraising events: direct expenses

    $39,924

  • 8c · Net income from fundraising events

    total $138,362 · excluded $138,362

  • 11a · Other revenue: FEES REFUNDED

    total $926 · excluded $926

  • 11e · Other revenue, total

    $926

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,303 · program services $6,303

  • 7 · Other salaries and wages

    total $85,000 · management and general $85,000

  • 10 · Payroll taxes

    total $6,503 · management and general $6,503

  • 11c · Fees: accounting

    total $2,175 · management and general $2,175

  • 11g · Fees: other

    total $10,698 · program services $5,871 · management and general $4,827

  • 12 · Advertising and promotion

    total $450 · program services $225 · fundraising $225

  • 13 · Office expenses

    total $2,347 · program services $338 · management and general $2,009

  • 14 · Information technology

    total $3,500 · program services $350 · management and general $1,575 · fundraising $1,575

  • 16 · Occupancy

    total $306 · management and general $306

  • 17 · Travel

    total $906 · program services $906

  • 22 · Depreciation, depletion and amortization

    total $826 · management and general $826

  • 23 · Insurance

    total $4,382 · program services $877 · management and general $2,629 · fundraising $876

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $869,635 · end of year $1,534,587

  • 4 · Accounts receivable

    beginning of year $102,091

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

    $2,231,802

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

    $2,532

  • 10c · Land, buildings and equipment, net

    beginning of year $1,556,098 · end of year $2,229,270

  • 11 · Investments: publicly traded securities

    beginning of year $2,027,393 · end of year $2,081,022

  • 15 · Other assets

    beginning of year $7,250 · end of year $7,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,720 · end of year $68,193

  • 27 · Net assets without donor restrictions

    beginning of year $4,545,747 · end of year $5,783,936

Mission and programs · 2023

Mission

TO PROVIDE A STABLE AND SECURE SOURCE OF FUNDING FOR ADVO COMPANIES, INC. IN ORDER TO PROVIDE MEANINGFUL AND PRODUCTIVE EMPLOYMENT AND A SAFE LIVING ENVIRONMENT TO PERSONS WITH DISABILITIES.

  • FUND RAISING TOWARDS MISSION OF SECURING FUNDING FOR ADVO COMPANIES, INC.

    Expenses $14,870 · Grants $6,303 · Revenue $300

As filed on the 2023 return.

Listed in Part VII

  • Carla Hughes

    PRESIDENT

    Total calculated
    $0

  • Richard Thorne

    CFO/TREASURE

    Total calculated
    $0

  • Doug Conder

    DIRECTOR

    Total calculated
    $0

  • John Brown

    DIRECTOR

    Total calculated
    $0

  • Bobby Cooper

    DIRECTOR

    Total calculated
    $0

  • JD Graham

    DIRECTOR

    Total calculated
    $0

  • Brooke Reaves

    DIRECTOR

    Total calculated
    $0

  • Jeremy Bradford

    DIRECTOR

    Total calculated
    $0

  • J'Nette Thorne

    SECRETARY

    Total calculated
    $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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403109349300945

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