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← REASON FOR HOPE INC

Form 990 for tax year 2024

Filed by REASON FOR HOPE INC.

Totals

Total revenue
$1,276,548
Total expenses
$1,119,942
Contributions and grants received
$1,260,680
Grants paid
$190,000
Program service revenue
$0
Investment income
$15,868
Other revenue
$0
Total assets, end of year
$894,757
Total liabilities, end of year
$33,710
Net assets or fund balances, end of year
$861,047
Program services expenses (Part IX)
$1,023,840
Management and general expenses
$46,409
Fundraising expenses
$49,693
Program service expenses (Part III)
$1,023,840

Program services were 91.4% 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

    $1,260,680

  • 3 · Investment income

    total $15,868 · unrelated business $15,868

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,000 · program services $190,000

  • 5 · Compensation of officers, directors and key employees

    total $583,672 · program services $507,796 · management and general $29,183 · fundraising $46,693

  • 11g · Fees: other

    total $295,817 · program services $280,263 · management and general $12,554 · fundraising $3,000

  • 13 · Office expenses

    total $2,380 · management and general $2,380

  • 17 · Travel

    total $45,781 · program services $45,781

  • 23 · Insurance

    total $566 · management and general $566

  • 24a · Other expenses: PAYROLL PROCESSING

    total $1,671 · management and general $1,671

  • 24b · Other expenses: BANK SERVICES

    total $55 · management and general $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $710,799 · end of year $278,889

  • 2 · Savings and temporary cash investments

    end of year $615,868

  • 17 · Accounts payable and accrued expenses

    end of year $31,406

  • 25 · Other liabilities

    beginning of year $6,358 · end of year $2,304

  • 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 $704,441 · end of year $861,047

Mission and programs · 2024

Mission

REASON FOR HOPE, INC.'S MISSION IS TO PREVENT DEATHS OF DESPAIR BY HELPING TO DEVELOP AND ADVOCATE FOR THE POLICY AND LEGAL REFORMS NEEDED TO FACILITATE SAFE AND AFFORDABLE ACCESS TO PSYCHEDELIC MEDICINE AND ASSISTED THERAPIES.

Activities or mission (Part I)

REASON FOR HOPE, INC.'S MISSION IS TO PREVENT DEATHS OF DESPAIR BY HELPING TO DEVELOP AND ADVOCATE FOR THE POLICY AND LEGAL REFORMS NEEDED TO FACILITATE SAFE AND AFFORDABLE ACCESS TO PSYCHEDELIC AND OTHER EMERGING THERAPIES FOR THE TREATMENT OF VARIOUS MENTAL HEALTH CONDITIONS.

  • RESEARCH, POLICY, EDUCATION, AND ADVOCACY: PROGRAMS FOCUSED ON RESEARCH, POLICY DEVELOPMENT, AND EDUCATION INCLUDING SPEAKING ENGAGEMENTS DISCUSSING PUBLIC MENTAL HEALTH, SPECIFICALLY THE SUICIDE AND OVERDOSE CRISES, AND THE POTENTIAL BENEFITS OF PSYCHEDELIC-ASSISTED THERAPIES; ADVOCACY TO INCREASE PUBLIC FUNDING AND REDUCE REGULATORY BARRIERS FOR RESEARCH AND COMPASSIONATE USE.

    Expenses $833,840

  • GRANT FUNDING: PROVIDES FUNDING TO VETERAN MENTAL HEALTH LEADERSHIP COALITION FOR EDUCATION OF VETERAN COMMUNITY ON PSYCHEDELIC AND OTHER EMERGING THERAPIES FOR VETERANS, COMMUNITY ORGANIZING AND EVENTS, CONSENSUS POLICY DEVELOPMENT, AND ADVOCACY.

    Expenses $190,000 · Grants $190,000

As filed on the 2024 return.

Listed in Part VII

  • Haley Waters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Waters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jesse MacLachlan

    DIRECTOR OF STATE POLICY

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Brett M Waters

    EXECUTIVE DIRECTOR

    Total calculated
    $250,000
    From this org
    $250,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $250,000

  • Martin R Steele

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Lynette Averill PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349321290

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