FOUNDATION FOR HOPE: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION FOR HOPE (EIN 01-0724780)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-29
IRS object ID
202411209349100921
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-29T09:03:50-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541282700PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JEFFREY R ROGERS CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11081 CLOVERHILL BLVDAddressLine1Txt
CityFORESTCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24551ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010724780EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundation For HopeBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFOUNBusinessNameControlTxt
Phone5405860928PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11426 Founding Way RdAddressLine1Txt
CityBedfordCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24523ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLewis ThomasPersonNm
Person TitlePresident/DirectorPersonTitleTxt
Phone5405860928PhoneNum
Signature2024-04-28SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLewisPersonFirstNm
Person LastThomasPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY R ROGERS CPAPreparerPersonNm
PTINP00618216PTIN
Phone4345251218PhoneNum
Preparation2024-04-29PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$20,147FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$91,216ContriRcvdRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$91,216TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,325AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$0TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$46,179OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$47,504TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,070ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,070ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$92,574TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$45,070TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,358ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,455CashBOYAmt
Cash EOY$20,097CashEOYAmt
Cash EOYFMV$20,097CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl BOY$0OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land Bldg Equip Cost Or Other Bss$972LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$972LandBldgEquipAccumDeprecAmt
Land BOY$0LandBOYAmt
Land EOY$0LandEOYAmt
Land EOYFMV$50LandEOYFMVAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$21,455TotalAssetsBOYAmt
Total Assets EOY$20,097TotalAssetsEOYAmt
Total Assets EOYFMV$20,147TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$21,455NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$20,097NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$21,455TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,097TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$21,455TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,097TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$21,455TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,358ExcessRevenueOverExpensesAmt
Subtotal$20,097SubtotalAmt
Tot Net Ast Or Fund Balances EOY$20,097TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Tax Due$0TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateVAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.foundationforhoperomania.orgWebsiteAddressTxt
Individual With BooksLewis L ThomasIndividualWithBooksNm
Phone5405860928PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11426 FOUNDING WAY RDAddressLine1Txt
CityBEDFORDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24523ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Lewis L Thomas
1426 Founding Way RoadBedfordVA24523Pres.& Dir10.00$0$0$0
Mary C Thomas
1426 Founding Way RoadBedfordVA24523Sec. & Dir10.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Mission trip to Romania to promote the gospel of Jesus Christ by distribution of Christian literature and medical supplies to those in need.Description1Txt
Expenses1$45,794Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,789AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$50FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,839TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$17,839AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$268CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,571NetVlNoncharitableAssetsAmt
Minimum Investment Return$879MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$879MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$879DistributableBeforeAdjAmt
Distributable Before Ded$879DistributableBeforeDedAmt
Distributable As Adjusted$879DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$45,070ExpensesAndContributionsAmt
Qualifying Distributions$45,070QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$879DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$69,936ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$67,884ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$25,876ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$31,165ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$28,617ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$223,478TotalExcessDistributionCyovAmt
Qualifying Distributions$45,070QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$879AppliedToCurrentYearAmt
Remaining Distri From Corpus$44,191RemainingDistriFromCorpusAmt
Total Corpus$267,669TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$69,936ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$197,733ExcessDistriCyovToNextYrAmt
Excess From Year4$67,884ExcessFromYear4Amt
Excess From Year3$25,876ExcessFromYear3Amt
Excess From Year2$31,165ExcessFromYear2Amt
Excess From Year1$28,617ExcessFromYear1Amt
Excess From Current Year$44,191ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLewis L ThomasRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11426 Founding Way RdAddressLine1Txt
CityBedfordCityNm
State AbbreviationVAStateAbbreviationCd
ZIP24523ZIPCd
FieldValueIRS element (for citing)
Recipient Phone5405860928RecipientPhoneNum
Form And Info And MaterialsTyped description of charitable Christian activities.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
HOPE BAPTIST ASSOCIATION
TINCA ARANY JANOS ST 7BIHOR ROMANIAVA24551PCTO PROMOTE THEGOSPEL OF CHRIST$44,970
TIMBERLAKE CHRISTIAN SCHOOLS
202 HORIZON DRIVEFORESTVA24551PCTO PROMOTE THEGOSPEL OF CHRIST$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,070TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
LEWIS AND MARY THOMAS
11426 FOUNDING WAY ROADBEDFORDVA24523$25,000Yes (X)
HJH FOUNDATION
21055 FALLEN OAKS LANELYNCHBURGVA24503$30,000Yes (X)
TERRACE VIEW BAPTIST CHURCH
31040 MATTHEW TALBOT RDFORESTVA24551$5,530Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryJEFFREY R. ROGERS CPA ACCOUNTING AND TAXCategoryTxt
Amt$1,325Amt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyPRINTERPropertyDesc
Acquired2003-06-06AcquiredDt
Cost Or Other Basis$972CostOrOtherBasisAmt
Prior Year Depreciation$972PriorYearDepreciationAmt
Computation Method200DBComputationMethodTxt
Life5.000000000000LifeRt
Current Year Expense$0CurrentYearExpenseAmt

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemPRINTERCategoryOrItemTxt
Cost Or Other Basis$972CostOrOtherBasisAmt
Accumulated Depreciation$972AccumulatedDepreciationAmt
Book Value$0BookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
LICENSES$25
SPECIAL PROGRAM EXP.$45,794
COMPUTER EXPENSE$360

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