Skip to content
Nonprofiteer
← HOPE LOVES COMPANY INC

Form 990 for tax year 2024

Filed by HOPE LOVES COMPANY INC.

Totals

Total revenue
$519,177
Total expenses
$397,343
Contributions and grants received
$513,998
Grants paid
$0
Program service revenue
$0
Investment income
$4,835
Other revenue
$344
Total assets, end of year
$515,708
Total liabilities, end of year
$13,466
Net assets or fund balances, end of year
$502,242
Program services expenses (Part IX)
$306,726
Management and general expenses
$66,558
Fundraising expenses
$24,059
Program service expenses (Part III)
$306,726

Program services were 77.2% 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

    $513,998

  • 3 · Investment income

    total $196 · excluded $196

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $103,105

  • 7b · Less cost or other basis and sales expenses

    securities $98,466

  • 7c · Gain or loss

    securities $4,639

  • 7d · Net gain or loss

    total $4,639 · related or exempt $4,639

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous

    total $344 · related or exempt $344

  • 11e · Other revenue, total

    $344

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $123,199 · program services $91,083 · management and general $19,720 · fundraising $12,396

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $48,867 · program services $48,867

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $18,011 · program services $14,649 · management and general $2,064 · fundraising $1,298

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $17,730 · management and general $17,730

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $173 · management and general $173

  • 11g · Fees: other

    total $6,238 · program services $528 · management and general $5,710

  • 12 · Advertising and promotion

    total $10,549 · program services $957 · fundraising $9,592

  • 13 · Office expenses

    total $10,648 · management and general $10,648

  • 14 · Information technology

    total $5,955 · program services $4,644 · management and general $538 · fundraising $773

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $8,413 · program services $5,888 · management and general $2,525

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $260 · program services $260

  • 23 · Insurance

    total $6,003 · program services $1,246 · management and general $4,757

  • 24a · Other expenses: camps and related programs

    total $137,043 · program services $137,043

  • 24b · Other expenses: MISCELLANEOUS

    total $4,254 · program services $1,561 · management and general $2,693

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,839 · end of year $437,545

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $200,000 · end of year $75,000

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,646 · end of year $3,021

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

    $3,531

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

    $3,389

  • 10c · Land, buildings and equipment, net

    beginning of year $402 · end of year $142

  • 11 · Investments: publicly traded securities

    beginning of year $106,511 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,748 · end of year $13,466

  • 27 · Net assets without donor restrictions

    beginning of year $185,650 · end of year $296,381

  • 28 · Net assets with donor restrictions

    beginning of year $200,000 · end of year $205,861

Mission and programs · 2024

Mission

Hope Loves Company is the only nonprofit in the U.S. dedicated to providing both emotional and educational support to children and young adults who have or had a loved one battling ALS (Amyotrophic Lateral Sclerosis) or Lou Gehrig's Disease.

  • Hope Loves Company (HLC) provides a three-day, overnight retreat for children and young adults, ages 6-21, who have or had a loved one battling ALS, as well as their families. It is an opportunity to have fun, to be challenged through team building exercises, and to meet peers who share in their experiences. Additionally, grants to assist program participants and their families who express the need for assistance during the holiday season are provided and care packages are sent to youths who have been affected by ALS.HLC has met and supported many children around the nation who are or have been caregivers to their loved ones. The children and young adults who we serve have expressed their feelings of fear, sadness, and stress as they witness parents and grandparents facing the challenges of ALS. In addition, there is ongoing anticipatory grief and eventually, enormous grief when they lose a loved one to ALS. Having HLC as a resource does not cure ALS, but it helps to reduce the isolation many face.HCL's founder, Jodi O'Donnell-Ames, has raised three children who all lost a parent to ALS before the age of 11. Her children faced sadness, frustration, anxiety and grief because of their parental losses. HLC was formed because of that experience and is a resource for all children who are coping with the challenges presented by ALS. As long as ALS exists, children need HLC.

    Expenses $306,726

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Thompson

    Ex. Dir.-Former

    Total calculated
    $95,161
    From this org
    $95,161
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jodi O'Donnell-Ames

    Interim Ex. Dir

    Total calculated
    $18,884
    From this org
    $18,884
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jaramogi Adams

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Teresa Celmer

    Director

    Total calculated
    $0
    Hours/week
    1
  • Andrew Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Gary Bachrach

    President

    Total calculated
    $0
    Hours/week
    5
  • Aleksandra Stein

    Director

    Total calculated
    $0
    Hours/week
    1
  • Christine Hopkins Reagan

    Director

    Total calculated
    $0
    Hours/week
    1
  • Al Cooper

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dr Michael Palmer

    Director

    Total calculated
    $0
    Hours/week
    1
  • Paul Grote

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Sarah Trott

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mackenzie Anderson

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Richard Sperry

    Vice President

    Total calculated
    $0
    Hours/week
    5

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349314518

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.