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Nonprofiteer
← HOPE VENTURES INC

Form 990 for tax year 2024

Filed by HOPE VENTURES INC.

Totals

Total revenue
$216,685
Total expenses
$286,076
Contributions and grants received
$168,011
Grants paid
$10,018
Program service revenue
$34,000
Investment income
$2,183
Other revenue
$12,491
Total assets, end of year
$109,576
Total liabilities, end of year
$11,333
Net assets or fund balances, end of year
$98,243
Program services expenses (Part IX)
$217,993
Management and general expenses
$43,977
Fundraising expenses
$24,106
Program service expenses (Part III)
$217,993

Program services were 76.2% 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

    $46,274

  • 1f · All other contributions, gifts and grants

    $121,737

  • 2a · Program service revenue: Entrepreneur Training

    total $34,000 · related or exempt $34,000

  • 3 · Investment income

    total $2,183 · excluded $2,183

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $22,849

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

    $46,274

  • 8b · Fundraising events: direct expenses

    $10,358

  • 8c · Net income from fundraising events

    total $12,491 · excluded $12,491

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $10,018 · program services $10,018

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $137,268 · program services $97,361 · management and general $23,067 · fundraising $16,840

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,919 · program services $6,612 · fundraising $307

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,230 · program services $887 · management and general $197 · fundraising $146

  • 10 · Payroll taxes

    total $11,031 · program services $7,954 · management and general $1,765 · fundraising $1,312

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $6,974 · management and general $6,974

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $56,029 · program services $50,807 · management and general $5,119 · fundraising $103

  • 12 · Advertising and promotion

    total $2,449 · program services $1,528 · fundraising $921

  • 13 · Office expenses

    total $7,272 · program services $5,391 · management and general $1,093 · fundraising $788

  • 14 · Information technology

    total $5,952 · program services $3,206 · management and general $2,746

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $25,320 · program services $23,549 · management and general $668 · fundraising $1,103

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $802 · program services $802

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,441 · management and general $1,441

  • 24a · Other expenses: Program Supplies

    total $6,690 · program services $6,690

  • 24b · Other expenses: Meals

    total $3,109 · program services $2,242 · management and general $497 · fundraising $370

  • 24c · Other expenses: Merchant Fees

    total $2,060 · fundraising $2,060

  • 24d · Other expenses: Postage and Shipping

    total $1,312 · program services $946 · management and general $210 · fundraising $156

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,708 · end of year $31,473

  • 2 · Savings and temporary cash investments

    end of year $77,133

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $970

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $5,074 · end of year $11,333

  • 27 · Net assets without donor restrictions

    beginning of year $167,634 · end of year $76,710

  • 28 · Net assets with donor restrictions

    end of year $21,533

Mission and programs · 2024

Mission

We train organizations around the world to raise up thriving businesses in undeserved communities.

  • Entrepreneurship Training Program(1) Quito Entrepreneur Project Provided continued support for economic development efforts in impoverished communities in Ecuador through a locally led business program and small farming initiatives for 135 participants. Ongoing involvement includes coaching, consulting, and monitoring of impact outcomes.(2) Haiti Entrepreneur Project provide the project director with periodic coaching, consultation, and monitor a virtual business program serving communities in Port-au-Prince. The activities have been minimized due to civil unrest and gang violence in the area, but maintains a connection with over 20 entrepreneurs. (3) Malawi Entrepreneur Project Facilitated business training for 40 entrepreneurs at the Hope Business Hub. Launched a formal Business Association and implemented structured coaching for entrepreneur growth and collaboration.(4) Manila Entrepreneur Project Launched a business incubator program in partnership with local leaders to serve entrepreneurs in vulnerable communities. The pilot cohort includes 18 entrepreneurs and 12 mentors receiving tailored training and support.(5) Zimbabwe Entrepreneur Project Provided ongoing support for Business Savings Groups to equip underserved entrepreneurs with training, mentoring, and access to capital in collaboration with local partners. 40 people were enrolled in the program by the end of 2024.(6) Sierra Leone Entrepreneur Project Helped launch a foundational entrepreneur training program in Freetown in partnership with a local organization, equipping 25 aspiring entrepreneurs with the tools to start and grow businesses.(7) South LA Entrepreneur Project Previously supported a business incubator serving underserved communities in South Los Angeles through a local partner. No direct involvement during this reporting period; the program operates independently.

    Expenses $217,993 · Grants $10,018 · Revenue $34,000

As filed on the 2024 return.

Listed in Part VII

  • Mark Edgar-Goeser

    President & CEO

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    52
  • Heath Hollandsworth

    Operations Dir.

    Total calculated
    $62,269
    From this org
    $56,250
    From related orgs
    $0
    Other
    $6,019
    Hours/week
    40
  • Jane Oak

    Secretary

    Total calculated
    $0
    Hours/week
    0.5
  • Jane Somers

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5
  • Susan Oak

    Director

    Total calculated
    $0
    Hours/week
    0.25
  • Michael Goldstone

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Anthony Barton

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Suzy Weeks

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Janice Tsao

    Director

    Total calculated
    $0
    Hours/week
    0.5

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
5 August 2025
IRS schema version
2024v5.2
Source object
202532199349300343

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