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Nonprofiteer
← LOVE AND HOPE FOUNDATION

Form 990 for tax year 2023

Filed by LOVE AND HOPE FOUNDATION.

Totals

Total revenue
$342,999
Total expenses
$300,462
Contributions and grants received
$345,335
Grants paid
$291,208
Program service revenue
$0
Investment income
$2
Other revenue
-$2,338
Total assets, end of year
$137,191
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$137,191
Program services expenses (Part IX)
$291,208
Management and general expenses
$9,254
Fundraising expenses
$0
Program service expenses (Part III)
$291,208

Program services were 96.9% 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.

  • 1c · Fundraising events

    $55,632

  • 1f · All other contributions, gifts and grants

    $289,703

  • 3 · Investment income

    total $2 · unrelated business $2

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $55,632

  • 8b · Fundraising events: direct expenses

    $2,338

  • 8c · Net income from fundraising events

    total -$2,338 · excluded -$2,338

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $291,208 · program services $291,208

  • 11b · Fees: legal

    total $2,219 · management and general $2,219

  • 12 · Advertising and promotion

    total $100 · management and general $100

  • 14 · Information technology

    total $1,347 · management and general $1,347

  • 23 · Insurance

    total $698 · management and general $698

  • 24a · Other expenses: BANK FEES

    total $4,890 · management and general $4,890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,850 · end of year $105,797

  • 2 · Savings and temporary cash investments

    end of year $31,394

  • 27 · Net assets without donor restrictions

    beginning of year $96,850 · end of year $43,191

  • 28 · Net assets with donor restrictions

    end of year $94,000

Mission and programs · 2023

Mission

LOVE AND HOPE FOUNDATION PROVIDES EDUCATION AND NUTRITIONAL SUPPORT TO 300 STUDENTS IN THE CARMEN BAJO COMMUNITY IN THE NORTHEAST OUTSKIRTS OF QUITO, ECUADOR. ALL TRANSFERS TO THE ECUADORIAN PARTNER ARE FOR OPERATIONAL EXPENSE AT THE SCHOOL.

Activities or mission (Part I)

FORM 990 - ORGANIZATION'S MISSIONLOVE AND HOPE FOUNDATION PROVIDES EDUCATION AND NUTRITIONAL SUPPORT TO 300 STUDENTS IN THE CARMEN BAJO COMMUNITY IN THE NORTHEAST OUTSKIRTS OF QUITO, ECUADOR. ALL TRANSFERS TO THE ECUADORIAN PARTNER ARE FOR OPERATIONAL EXPENSE AT THE SCHOOL.

  • LOVE AND HOPE FOUNDATION PROGRAM EXPENSES ARE FUNDS THAT ARE PROVIDED DIRECTLY TO AMOR Y ESPERANZA IN QUITO, ECUADOR, IN ORDER TO HELP FUND SALARIES FOR TEACHERS, ADMINISTRATORS, AND STAFF AS WELL AS TO SUPPORT GENERAL EXPENSES OF THE SCHOOL INCLUDING ELECTRICITY, INTERNET, WATER, SUPPLIES, FOOD FOR THE NUTRITION PROGRAM, AND SECURITY COSTS. THESE FUNDS INDIRECTLY SUPPORTED OVER 300 STUDENTS WHO ATTENDED SCHOOL AT AMOR Y ESPERANZA FROM GRADES PRE-K THROUGH HIGH SCHOOL. LOVE AND HOPE FOUNDATION PROVIDED APPROXIMATELY 50% OF THE OPERATING COSTS OF AMOR Y ESPERANZA DURING THE 2023 SCHOOL YEAR.

    Expenses $291,208 · Grants $291,208

As filed on the 2023 return.

Listed in Part VII

  • Lee Martin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Susan Justice

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Young

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jan Lecraw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David McCune

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Lecraw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Fugate

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebekah Kern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Candace Daly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Francisco Zola

    EX-OFFICIO; NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Clemencia Rosero

    EX-OFFICIO; NON-VOTING

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202443039349300904

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