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← HOPE TO OPPORTUNITIES FOUNDATION

Form 990 for tax year 2024

Filed by HOPE TO OPPORTUNITIES FOUNDATION.

Totals

Total revenue
$573,627
Total expenses
$115,857
Contributions and grants received
$317,251
Grants paid
$0
Program service revenue
$0
Investment income
$128,773
Other revenue
$127,603
Total assets, end of year
$6,469,210
Total liabilities, end of year
$227,504
Net assets or fund balances, end of year
$6,241,706
Program services expenses (Part IX)
$6,342
Management and general expenses
$105,753
Fundraising expenses
$3,762
Program service expenses (Part III)
$6,342

Program services were 5.5% 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.

  • 1e · Government grants (contributions)

    $43,155

  • 1f · All other contributions, gifts and grants

    $274,096

  • 3 · Investment income

    total $128,168 · excluded $128,168

  • 7a · Gross sales of assets other than inventory

    securities $2,125,353 · other assets $732

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

    securities $2,125,480

  • 7c · Gain or loss

    securities -$127 · other assets $732

  • 7d · Net gain or loss

    total $605 · related or exempt $605

  • 8a · Fundraising events: gross income

    $175,581

  • 8b · Fundraising events: direct expenses

    $48,078

  • 8c · Net income from fundraising events

    total $127,503 · excluded $127,503

  • 11a · Other revenue: TAXES REFUNDED

    total $100 · excluded $100

  • 11e · Other revenue, total

    $100

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $85,000 · management and general $85,000

  • 10 · Payroll taxes

    total $6,503 · management and general $6,503

  • 11c · Fees: accounting

    total $2,205 · management and general $2,205

  • 11g · Fees: other

    total $4,941 · program services $3,962 · management and general $979

  • 12 · Advertising and promotion

    total $150 · program services $75 · fundraising $75

  • 13 · Office expenses

    total $1,292 · program services $220 · management and general $1,072

  • 14 · Information technology

    total $6,095 · program services $609 · management and general $2,743 · fundraising $2,743

  • 16 · Occupancy

    total $10 · management and general $10

  • 17 · Travel

    total $531 · program services $531

  • 22 · Depreciation, depletion and amortization

    total $4,408 · management and general $4,408

  • 23 · Insurance

    total $4,722 · program services $945 · management and general $2,833 · fundraising $944

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,534,587 · end of year $328,770

  • 4 · Accounts receivable

    end of year $575

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

    $5,220,788

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

    $6,942

  • 10c · Land, buildings and equipment, net

    beginning of year $2,229,270 · end of year $5,213,846

  • 11 · Investments: publicly traded securities

    beginning of year $2,081,022 · end of year $918,769

  • 15 · Other assets

    beginning of year $7,250 · end of year $7,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,193 · end of year $227,504

  • 27 · Net assets without donor restrictions

    beginning of year $5,783,936 · end of year $6,241,706

Mission and programs · 2024

Mission

TO PROVIDE A STABLE AND SECURE SOURCE OF FUNDING FOR ADVO COMPANIES, INC. IN ORDER TO PROVIDE MEANINGFUL AND PRODUCTIVE EMPLOYMENT AND A SAFE LIVING ENVIRONMENT TO PERSONS WITH DISABILITIES.

  • FUND RAISING TOWARDS MISSION OF SECURING FUNDING FOR ADVO COMPANIES, INC.

    Expenses $6,342

As filed on the 2024 return.

Listed in Part VII

  • Carla Hughes

    PRESIDENT

    Total calculated
    $0

  • Richard Thorne

    CFO/TREASURE

    Total calculated
    $0

  • Doug Conder

    DIRECTOR

    Total calculated
    $0

  • John Brown

    DIRECTOR

    Total calculated
    $0

  • Bobby Cooper

    DIRECTOR

    Total calculated
    $0

  • JD Graham

    DIRECTOR

    Total calculated
    $0

  • Brooke Reaves

    DIRECTOR

    Total calculated
    $0

  • Jeremy Bradford

    DIRECTOR

    Total calculated
    $0

  • J'Nette Thorne

    SECRETARY

    Total calculated
    $0

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
1 October 2025
IRS schema version
2024v5.0
Source object
202503179349303125

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