BETA

MANY HOPES INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MANY HOPES INC (EIN 39-2067502)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202433209349320448
Schema version
2023v5.1
Note
A later return for the same period supersedes this one.
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)
Return2024-11-15T15:32:35-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN231144520PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TAIT WELLER & BAKER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 SOUTH 16TH STREET SUITE 2900AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN392067502EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MANY HOPES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMANYBusinessNameControlTxt
Phone2102626112PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1255 WEST 93RD STREET 1NAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10025ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOMAS KEOWNPersonNm
Person TitleFOUNDER AND CEOPersonTitleTxt
Phone2102626112PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRISON PEREIRAPreparerPersonNm
PTINP00746867PTIN
Phone2159798800PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTHOMAS KEOWNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1255 WEST 93RD STREET 1NAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10025ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,005,185GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MANYHOPES.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION SHALL HELP TO SUSTAIN, ENHANCE AND DEVELOP THE RESOURCES, PROGRAMS, AND FUTURE EXPANSION OF ORGANIZATIONS AROUND THE WORLD THAT ARE RESCUING, EDUCATING, AND ADVOCATING FOR ORPHANED, ABANDONED, ABUSED OR ENSLAVED CHILDREN. THE ORGANIZATION SHALL HELP TO GENERATE PUBLIC AWARENESS OF, AND FUNDS FOR, THE ORGANIZATIONS, SCHOOLS, ORPHANAGES, AND CHILD RESCUE AND REHABILITATION PROGRAMS AND CAPITAL PROJECTS.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,929,881PYContributionsGrantsAmt
CY Contributions Grants$2,818,129CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$3,165PYInvestmentIncomeAmt
CY Investment Income$82,891CYInvestmentIncomeAmt
PY Other Revenue-$28,856PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,897,860PYTotalRevenueAmt
CY Total Revenue$2,901,020CYTotalRevenueAmt
PY Grants And Similar Paid$2,669,055PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,018,695CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$465,653PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$558,650CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$745,190CYTotalFundraisingExpenseAmt
PY Other Expenses$498,813PYOtherExpensesAmt
CY Other Expenses$851,854CYOtherExpensesAmt
PY Total Expenses$3,633,521PYTotalExpensesAmt
CY Total Expenses$4,429,199CYTotalExpensesAmt
PY Revenues Less Expenses$264,339PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,528,179CYRevenuesLessExpensesAmt
Total Assets BOY$3,012,683TotalAssetsBOYAmt
Total Assets EOY$1,465,759TotalAssetsEOYAmt
Total Liabilities BOY$32,258TotalLiabilitiesBOYAmt
Total Liabilities EOY$20,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,980,425NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,445,759NetAssetsOrFundBalancesEOYAmt
MissionMANY HOPES RESCUES CHILDREN FROM OPPRESSION AND RAISES THEM TO BE ADULTS OF INFLUENCE EQUIPPED TO DO JUSTICE FOR OTHERS, CAUSING EXPONENTIAL IMPACT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,222,799ExpenseAmt
Grant$3,018,695GrantAmt
DescTHE ORGANIZATION WAS FOUNDED TO HOUSE AND EDUCATE ORPHANED AND ABANDONED CHILDREN IN KENYA. THIS YEAR IT EXPANDED TO SIX NEW PARTNERSHIPS IN MALAWI, GHANA, GUATEMALA, BOLIVIA AND PERU. FUNDS RAISED WERE GRANTED TO: 1. RESCUE CHILDREN FROM SLAVERY TRAFFICKING, SEXUAL ABUSE AND ABANDONMENT. 2. PROVIDE A SAFE PLACE TO LIVE AND RECEIVE CARE AND HEALING FROM TRAUMA. 3. EDUCATE CHILDREN AT ELEMENTARY SCHOOL, HIGH SCHOOL, AND COLLEGE LEVELS AND PROVIDE MENTORING IN JUSTICE AND CIVICS SO THEY CAN BECOME ADULTS EQUIPPED TO LEAD.Desc
Total Program Service Expenses$3,222,799TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BECKY WELDAYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2102626112PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line185 PARKWAY ROAD 2AddressLine1Txt
CityBRONXVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10708ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MAXINE FRIEDMAN
PRESIDENT4.00Yes (X)Yes (X)$0$0$0
BECKY WELDAY
TREASURER7.00Yes (X)Yes (X)$0$0$0
NELSON MILLS
DIRECTOR4.00Yes (X)$0$0$0
JOSEPH ZITO
DIRECTOR4.00Yes (X)$0$0$0
NITIN GAMBHIR
DIRECTOR4.00Yes (X)$0$0$0
BO HAN
DIRECTOR4.00Yes (X)$0$0$0
CAROLYN COPELAND
DIRECTOR4.00Yes (X)$0$0$0
THOMAS KEOWN
FOUNDER & CEO50.00Yes (X)$93,133$0$0
COLIN HUNTER
HEAD OF STRATEGY20.00$102,000$0$0Yes (X)
MADELEINE PAHR
CREATIVE DIRECTOR40.00$118,000$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$313,133TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,818,129AllOtherContributionsAmt
Total Contributions$2,818,129TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$47,479TotalRevenueColumnAmt
Exclusion$47,479ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,139,577SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,104,165SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$35,412SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,412TotalRevenueColumnAmt
Exclusion$35,412ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,901,020TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$82,891ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,018,695TotalAmt
Program Services$3,018,695ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$102,980TotalAmt
Program Services$13,756ProgramServicesAmt
Management And General$61,712ManagementAndGeneralAmt
Fundraising$27,512FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$405,868TotalAmt
Program Services$81,818ProgramServicesAmt
Management And General$160,402ManagementAndGeneralAmt
Fundraising$163,648FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,454TotalAmt
Program Services$2,090ProgramServicesAmt
Management And General$4,182ManagementAndGeneralAmt
Fundraising$4,182FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$39,348TotalAmt
Program Services$7,870ProgramServicesAmt
Management And General$15,739ManagementAndGeneralAmt
Fundraising$15,739FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$14,210TotalAmt
Management And General$14,210ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$151,934TotalAmt
Management And General$151,934ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$439,191TotalAmt
Fundraising$439,191FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$114,236TotalAmt
Program Services$31,165ProgramServicesAmt
Management And General$44,566ManagementAndGeneralAmt
Fundraising$38,505FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$74,895TotalAmt
Program Services$67,405ProgramServicesAmt
Management And General$3,745ManagementAndGeneralAmt
Fundraising$3,745FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,720TotalAmt
Management And General$4,720ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$52,668TotalAmt
Fundraising$52,668FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,429,199TotalAmt
Program Services$3,222,799ProgramServicesAmt
Management And General$461,210ManagementAndGeneralAmt
Fundraising$745,190FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,392,697BOYAmt
EOY$545,010EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$34,680BOYAmt
EOY$16,274EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$133,500BOYAmt
EOY$78,119EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,451,806BOYAmt
EOY$826,356EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,012,683BOYAmt
EOY$1,465,759EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$32,258BOYAmt
EOY$20,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$32,258BOYAmt
EOY$20,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,469,425BOYAmt
EOY$336,879EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,511,000BOYAmt
EOY$1,108,880EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,980,425BOYAmt
EOY$1,445,759EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,012,683BOYAmt
EOY$1,465,759EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,528,179ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$6,487NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,010,576CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,343,220CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,854,397CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,929,881CurrentTaxYearMinus1YearAmt
Current Tax Year$2,818,129CurrentTaxYearAmt
Total$10,956,203TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,010,576CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,343,220CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,854,397CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,929,881CurrentTaxYearMinus1YearAmt
Current Tax Year$2,818,129CurrentTaxYearAmt
Total$10,956,203TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,269,131SubstantialContributorsTotAmt
Public Support Total170$7,687,072PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,952CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,694CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,700CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$39,278CurrentTaxYearMinus1YearAmt
Current Tax Year$47,479CurrentTaxYearAmt
Total$154,103TotalAmt
FieldValueIRS element (for citing)
Total Support$11,110,306TotalSupportAmt
Public Support CY1700.69190PublicSupportCY170Pct
Public Support PY1700.73160PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,880,323TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$6,487NetUnrealizedGainsInvstAmt
Revenue Not Reported-$6,487RevenueNotReportedAmt
Revenue Subtotal$2,886,810RevenueSubtotalAmt
Investment Expenses Not Incld$14,210InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$14,210RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,901,020TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,414,989TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,414,989ExpensesSubtotalAmt
Investment Expenses Not Incld2$14,210InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$14,210ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,429,199TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON INCOME EARNED FROM UNRELATED BUSINESS ACTIVITIES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023, AND HAS BEEN CLASSIFIED AS ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.ExplanationTxt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,00GRANTS TO RECIPIENTS IN THE REGION$2,126,029
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM00GRANTS TO RECIPIENTS IN THE REGION$50,000
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,00GRANTS TO RECIPIENTS IN THE REGION$568,000
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,00GRANTS TO RECIPIENTS IN THE REGION$274,666
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$3,018,695SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$3,018,695TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (8 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmt
EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUMSUPPORT FOR THE ORGANIZATION'S MISSION$50,000WIRE TRANSFER$0
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,SUPPORT FOR THE ORGANIZATION'S MISSION$274,666WIRE TRANSFER$0
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,SUPPORT FOR THE ORGANIZATION'S MISSION$632,000WIRE TRANSFER$0
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,SUPPORT FOR THE ORGANIZATION'S MISSION$493,000WIRE TRANSFER$0
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,SUPPORT FOR THE ORGANIZATION'S MISSION$75,000WIRE TRANSFER$0
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,SUPPORT FOR THE ORGANIZATION'S MISSION$817,029WIRE TRANSFER$0
SUB-SAHARAN AFRICASUPPORT FOR THE ORGANIZATION'S MISSION$646,000WIRE TRANSFER$0
SUB-SAHARAN AFRICASUPPORT FOR THE ORGANIZATION'S MISSION$31,000WIRE TRANSFER$0
FieldValueIRS element (for citing)
Total501c3 Org8Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFUNDS ARE GRANTED TO RECOGNIZED CHARITIES OUTSIDE THE US SERVING THE NEEDS OF ORPHANED AND ABANDONED CHILDREN IN KENYA, MALAWI, GHANA, GUATEMALA, BOLIVIA AND PERU. FUNDS ARE GRANTED IN RESPONSE TO REQUESTS TO MEET SPECIFIC NEEDS IN LINE ITEMS IN PROGRAM BUDGETS AGREED WITH MANY HOPES, INC. (MH). AT THE START OF EACH YEAR, MH REPRESENTATIVES VISIT PROJECTS AT LEAST ONCE EACH YEAR TO INPUT INTO THE SETTING OF THAT BUDGET AND REVIEW THE BUDGET FOR THE PREVIOUS YEAR. ALL RECEIPTS FOR PURCHASES MADE FOR BUILDING OR FOR RUNNING BUILDINGS CONSTRUCTED OR PROGRAMS IMPLEMENTED ARE KEPT BY A PROJECT ACCOUNTANT. AT THE END OF THE FINANCIAL YEAR AN INDEPENDENT AUDIT OF EXPENDITURE V GRANT MONIES RECEIVED BY PROJECTS IS CARRIED OUT BY AN EXTERNAL ACCOUNTANT, AND HARD AND SOFT COPIES OF THE AUDIT SENT TO MH. ADDITONALLY THERE IS QUARTERLY REPORTING OF RUNNING COSTS FOR SPECIFIC PROJECTS FUNDED BY MH.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS VIA E-MAIL FOR THEIR REVIEW. EACH BOARD MEMBER IS ENCOURAGED TO RESPOND TO ANYTHING IN THE FORM 990 THEY HAVE A QUESTION ABOUT OR COMMENT TO MAKE. ANY NEEDED CORRECTIONS ARE MADE. THE BOARD THEN CONSIDERS THE DOCUMENT APPROVED FOR FILING.
FORM 990, PART VI, SECTION B, LINE 12CEACH YEAR EVERY BOARD MEMBER IS REQUIRED TO SIGN A WRITTEN CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15SENIOR SALARIES WERE DISCUSSED AND SET BY THE BOARD AND BY THE HOVDE FOUNDATION.
FORM 990, PART VI, SECTION C, LINE 19IN MASSACHUSETTS A COPY OF THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT THE MASSACHUSETTS SECRETARY OF STATE'S OFFICE AND ACCESSIBLE BY WEBSITE OR REQUEST. THE ORGANIZATION ALSO MAKES AVAILABLE THE FORM 990 TO ANY PERSON REQUESTING A COPY AND A COPY CAN BE FOUND ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.

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