2023-09-18T17:16:50-05:00 2021-12-31 821154822 KOKINOS WATERMAN PC 220 BROADWAY SUITE 101 LYNNFIELD MA 019402352 990 2021-07-01 392067502 MANY HOPES INC MANY 2102626112 85 PARKWAY ROAD 2 BRONXVILLE NY 10708 BECKY WELDAY TREASURER 2102626112 2023-09-18 1 BECKY WELDAY XXX-XX-XXXX JAMES WATERMAN CPA P00291512 7815847600 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X 85 PARKWAY ROAD 2 BRONXVILLE NY 10708 1991053 0 X WWW.MANYHOPES.ORG X 2007 MA THE 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. 7 7 4 41 0 0 1343270 1407654 0 0 49008 30082 0 446743 1392278 1884479 716944 734184 0 0 162813 202500 0 0 178973 437194 229558 1316951 1166242 75327 718237 1986743 2690922 4800 0 1981943 2690922 MANY HOPES RESCUES CHILDREN FROM OPPRESSION AND RAISES THEM TO BE ADULTS OF INFLUENCE EQUIPPED TO DO JUSTICE FOR OTHERS, CAUSING EXPONENTIAL IMPACT. 0 0 799115 734184 1884479 THE 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 TRAUMA3. EDUCATE CHILDREN AT ELEMENTARY SCHOOL, HIGH SCHOOL, AND COLLEGE LEVELS AND PROVIDE MENTORING IN JUSTICE AND CIVICS SO THEY CAN BECOME ADULS EQUIPPED TO LEAD 799115 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 4 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY MA CA X X X BECKY WELDAY 2102626112 85 PARKWAY ROAD 2 BRONXVILLE NY 10708 X MAXINE FRIEDMAN PRESIDENT 4.00 X 0 0 0 BECKY WELDAY TREASURER 7.00 X 0 0 0 SUE VERITY CLERK 4.00 X 0 0 0 PATRICK MURPHY DIRECTOR 4.00 X 0 0 0 NELSON MILLS DIRECTOR 4.00 X 0 0 0 JOSEPH ZITO DIRECTOR 4.00 X 0 0 0 JOSEPH MCKNIGHT DIRECTOR 4.00 X 0 0 0 THOMAS KEOWN FOUNDER 50.00 X 0 0 0 0 0 0 2 0 0 0 0 1407654 25272 1407654 19700 19700 63207 52825 10382 10382 10382 500492 53749 446743 446743 1884479 30082 0 446743 734184 734184 188212 37642 75285 75285 14288 2858 5715 5715 8638 8638 72815 72815 22891 22891 61803 18315 24507 18981 9409 6116 941 2352 253 253 EVENTS 53749 53749 1166242 799115 188154 178973 368499 845669 34322 225089 1185 0 1582737 1620164 1986743 2690922 4800 4800 0 X 1981943 2690922 1981943 2690922 1986743 2690922 718237 -9258 0 X 0 1 X 0 0 X 1277324 1147421 1010576 1343220 1854397 6632938 1277324 1147421 1010576 1343220 1854397 6632938 6632938 11237 10561 23952 23694 19700 89144 6722082 0.98670 0.98680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1884479 0 1884479 0 1884479 1166242 0 1166242 0 1166242 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2021. 0 KENYA GRANTS ORPHANAGE AND SCHOOL UNITED KINGDOM GRANTS SUPPORT BOLIVIA GRANTS SUPPORT GHANA GRANTS SUPORT GUATEMALA GRANTS SUPPORT MALAWI GRANTS SUPPORT PERU GRANTS SUPPORT KENYA GRANTS SUPPORT 0 0 0 0 0 0 0 0 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, ORPHANAGE AND SCHOOL 25967 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM SUPPORT 50000 CHECK 0 N/A N/A SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SUPPORT 100300 WIRE TRANSFER 0 N/A N/A SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SUPPORT 305300 WIRE TRANSFER 0 N/A N/A CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, SUPPORT 68351 WIRE TRANSFER 0 N/A N/A SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SUPPORT 66966 WIRE TRANSFER 0 N/A N/A SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, SUPPORT 40300 WIRE TRANSFER 0 N/A N/A SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SUPPORT 77000 0 0 0 0 0 0 0 PART I, LINE 2: FUNDS 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. ADDITIONALLY THERE IS QUARTERLY REPORTING OF RUNNING COSTS FOR SPECIFIC PROJECTS FUNDED BY MH. PART III ACCOUNTING METHOD: GALA - NEW YORK 478016 478016 25009 1565 12707 EVENT - AZIZONA 22476 22476 9422 919 4127 500492 500492 34431 919 1565 16834 53749 446743 X 3 25272 FMV AVG OF HIGH AND LOW 0 0 0 2021 FORM 990 DECEMBER 31, 2021 AMENDED FILING TO CORRECT RESPONSE TO FORM 990, PAGE 3, PART IV CHECKLIST OF REQUIRED SCHEDULES TO ANSWER YES TO QUESTION 12A FORM 990, PAGE 6, PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE TO ANSWER YES TO QUESTION 13 FORM 990, PAGE 6, PART VI GOVERNANCE, MANAGEMENT, AND DISCLOSURE TO ANSWER YES TO QUESTIONS 15A AND 15B FORM 990, PART VI, SECTION A, LINE 4 LINE 4 EXPLANATION - THE BOARD VOTED TO CHANGE THE ORGANIZATION'S FISCAL YEAR END FROM FISCAL YEAR ENDING JUNE 30 TO A CALENDAR YEAR OF DECEMBER 31. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE 2021 FORM 990 WAS 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 12C EACH YEAR EVERY BOARD MEMBER IS REQUIRED TO SIGN A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS TAKING INTO ACCOUNT: I) INDUSTRY STANDARD COMPENSATION FOR AN ORGANIZATION OUR SIZE II) THE PRIOR YEARS' CEO PERFORMANCE III) GOALS AND METRICS FOR THE YEAR AHEAD THE FINANCE COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 IN 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.