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← REASON FOR HOPE INC

Form 990 for tax year 2022

Filed by REASON FOR HOPE INC.

Totals

Total revenue
$550,954
Total expenses
$122,220
Contributions and grants received
$549,371
Grants paid
$0
Program service revenue
$0
Investment income
$1,583
Other revenue
$0
Total assets, end of year
$444,306
Total liabilities, end of year
$15,572
Net assets or fund balances, end of year
$428,734
Program services expenses (Part IX)
$119,943
Management and general expenses
$1,477
Fundraising expenses
$800
Program service expenses (Part III)
$119,943

Program services were 98.1% 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

    $549,371

  • 1g · Noncash contributions included above

    $48,550

  • 7a · Gross sales of assets other than inventory

    securities $50,133

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

    securities $48,550

  • 7c · Gain or loss

    securities $1,583

  • 7d · Net gain or loss

    total $1,583 · related or exempt $1,583

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,583 · program services $74,583

  • 10 · Payroll taxes

    total $5,706 · program services $5,706

  • 11g · Fees: other

    total $27,083 · program services $27,083

  • 13 · Office expenses

    total $988 · management and general $188 · fundraising $800

  • 17 · Travel

    total $6,051 · program services $6,051

  • 19 · Conferences, conventions and meetings

    total $5,420 · program services $5,420

  • 23 · Insurance

    total $1,919 · program services $1,100 · management and general $819

  • 24a · Other expenses: PAYROLL PROCESSING

    total $470 · management and general $470

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $444,306

  • 25 · Other liabilities

    beginning of year $0 · end of year $15,572

  • 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 $0 · end of year $428,734

Mission and programs · 2022

Mission

REASON FOR HOPE, LNC.'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.

  • RESEARCH AND EDUCATION: PROGRAMS FOCUSED ON RESEARCH AND EDUCATION BY WAY OF SPEAKING ENGAGEMENTS DISCUSSING PUBLIC MENTAL HEALTH, SPECIFICALLY SUICIDE CRISIS AND THE POTENTIAL BENEFITS OF PSYCHEDELIC-ASSISTED THERAPIES.

    Expenses $114,943

  • GRANT FUNDING: PROVIDES FUNDING TO ORGANIZATIONS DELIVERING PSYCHEDELIC-ASSISTED THERAPIES FOR TREATMENT OF VETERANS IN CRISIS.

    Expenses $5,000

As filed on the 2022 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
    $27,083
    From this org
    $27,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Brett M Waters

    EXECUTIVE DIRECTOR

    Total calculated
    $20,833
    From this org
    $20,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Martin R Steele

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $16,250
    From this org
    $16,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Lynette Averill PhD

    DIRECTOR

    Total calculated
    $27,083
    From this org
    $27,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349328566

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