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Nonprofiteer
← OPERATION HOPE INC

Form 990 for tax year 2022

Filed by OPERATION HOPE INC.

Totals

Total revenue
$198,023
Total expenses
$151,829
Contributions and grants received
$0
Grants paid
$100,000
Program service revenue
$0
Investment income
$198,023
Other revenue
$0
Total assets, end of year
$6,245,693
Total liabilities, end of year
$556,697
Net assets or fund balances, end of year
$5,688,996
Program services expenses (Part IX)
$100,000
Management and general expenses
$51,829
Fundraising expenses
$0
Program service expenses (Part III)
$100,000

Program services were 65.9% 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.

  • 3 · Investment income

    total $146,726 · excluded $146,726

  • 7a · Gross sales of assets other than inventory

    securities $1,171,167

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

    securities $1,119,870

  • 7c · Gain or loss

    securities $51,297

  • 7d · Net gain or loss

    total $51,297 · excluded $51,297

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11a · Fees: management

    total $6,000 · management and general $6,000

  • 11f · Fees: investment management

    total $31,419 · management and general $31,419

  • 11g · Fees: other

    total $14,410 · management and general $14,410

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250

  • 2 · Savings and temporary cash investments

    beginning of year $105,321 · end of year $57,721

  • 11 · Investments: publicly traded securities

    beginning of year $5,411,268 · end of year $6,187,972

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,225 · end of year $15,385

  • 25 · Other liabilities

    beginning of year $424,312 · end of year $541,312

  • 27 · Net assets without donor restrictions

    beginning of year $5,080,302 · end of year $5,688,996

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT TO NON-PROFIT ORGANIZATIONS IN THE CARE, TREATMENT AND STUDY OF PERSONS WITH CEREBRAL PALSY AND OTHER DISABILITIES.

Activities or mission (Part I)

THE ORGANIZATION WAS FORMED TO RAISE FUNDS AND ACQUIRE PROPERTY TO SUPPORT NOT-FOR-PROFIT ORGANIZATIONS IN THE CARE, TREATMENT AND STUDY OF PERSONS WITH CEREBRAL PALSY AND OTHER DISABILITIES.

  • TO SUPPORT NOT-FOR-PROFIT ORGANIZATIONS IN THE CARE, TREATMENT, AND STUDY OF PERSONS WITH CEREBRAL PALSY AND OTHER DISABILITIES.

    Expenses $100,000 · Grants $100,000

As filed on the 2022 return.

Listed in Part VII

  • DAVID KELSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES BULAKOWSKI

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JUDITH KELMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA BULAKOWSKI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD OSTERER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINDA KUCK

    EXECUTIVE DIRECTOR

    Total calculated
    $278,654
    From this org
    $0
    From related orgs
    $247,868
    Other
    $30,786
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,594 related
    Bonus
    $0
    Other
    $0 + $8,274 related
    Deferred
    $0 + $5,736 related
    Nontaxable benefits
    $0 + $25,050 related
    Filer's total
    $0 + $278,654 related

  • PHILIP T PIEKARSKI

    CFO

    Total calculated
    $133,686
    From this org
    $0
    From related orgs
    $120,920
    Other
    $12,766
    Hours/week
    1 + 34 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. 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
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202422289349304002

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