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← HEARTS AND HOPE FOUNDATION INC

Form 990 for tax year 2025

Filed by HEARTS AND HOPE FOUNDATION INC.

Totals

Total revenue
$285,633
Total expenses
$127,934
Contributions and grants received
$39,836
Grants paid
$82,172
Program service revenue
$0
Investment income
$26,202
Other revenue
$219,595
Total assets, end of year
$839,264
Total liabilities, end of year
$248,953
Net assets or fund balances, end of year
$590,311
Program services expenses (Part IX)
$127,934
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$127,934

Program services were 100.0% 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

    $39,836

  • 3 · Investment income

    total $26,202 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $249,757

  • 8b · Fundraising events: direct expenses

    $30,162

  • 8c · Net income from fundraising events

    total $219,595 · unrelated business $0 · excluded $219,595

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $82,172 · program services $82,172

  • 11c · Fees: accounting

    total $900 · program services $900 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $6,882 · program services $6,882 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $455 · program services $455 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $18,091 · program services $18,091 · management and general $0 · fundraising $0

  • 17 · Travel

    total $37 · program services $37 · management and general $0 · fundraising $0

  • 20 · Interest

    total $2,609 · program services $2,609 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $6,709 · program services $6,709 · management and general $0 · fundraising $0

  • 24a · Other expenses: BANK FEES

    total $3,593 · program services $3,593 · management and general $0 · fundraising $0

  • 24b · Other expenses: CORPORATE EXPENSES

    total $386 · program services $386 · management and general $0 · fundraising $0

  • 24c · Other expenses: DEPOSIT/CHECK ERRORS

    total $6,100 · program services $6,100 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,879 · end of year $175,013

  • 2 · Savings and temporary cash investments

    beginning of year $222,120 · end of year $195,768

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

    $500,347

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

    $35,255

  • 10c · Land, buildings and equipment, net

    beginning of year $161,971 · end of year $465,092

  • 14 · Intangible assets

    beginning of year $642 · end of year $3,391

  • 15 · Other assets

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    end of year $248,953

  • 27 · Net assets without donor restrictions

    beginning of year $162,614 · end of year $219,529

  • 28 · Net assets with donor restrictions

    beginning of year $269,998 · end of year $370,782

Mission and programs · 2025

Mission

FUNDS PROVIDED FOR THE BENEFIT OF INDIVIDUALS AND GROUPS TO ASSIST WITH MEDICAL EXPENSE NEEDS AND/OR HIGH SCHOOL EXPENSES.

  • FUNDS PROVIDED FOR THE BENEFIT OF INDIVIDUALS AND GROUPS TO ASSIST WITH MEDICAL EXPENSE NEEDS AND/OR HIGH SCHOOL EXPENSES.

    Expenses $127,934 · Revenue $285,633

As filed on the 2025 return.

Listed in Part VII

  • Kimberly S Ratteerree

    TREASURER/ DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric McCombs

    DIRECTOR

    Total calculated
    $0

  • Aron R Gabriel

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rita Lail

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Sigmon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wesley Sigmon

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Eric Setzer

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2025
Filed
5 May 2026
IRS schema version
2025v4.1
Source object
202601269349301905

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