BETA

MANY HOPES INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MANY HOPES INC (EIN 39-2067502)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202523219349324067
Schema version
2024v5.2
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)
Return2025-11-17T17:48:45-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-11-17SignatureDt
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
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$6,597,924GrossReceiptsAmt
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 Employee7TotalEmployeeCnt
Total Volunteers26TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,027,790PYContributionsGrantsAmt
CY Contributions Grants$5,423,007CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$78,706PYInvestmentIncomeAmt
CY Investment Income$45,984CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue-$73,453CYOtherRevenueAmt
PY Total Revenue$3,106,496PYTotalRevenueAmt
CY Total Revenue$5,395,538CYTotalRevenueAmt
PY Grants And Similar Paid$3,018,695PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,272,297CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$558,650PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$705,333CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$904,780CYTotalFundraisingExpenseAmt
PY Other Expenses$851,854PYOtherExpensesAmt
CY Other Expenses$946,389CYOtherExpensesAmt
PY Total Expenses$4,429,199PYTotalExpensesAmt
CY Total Expenses$4,924,019CYTotalExpensesAmt
PY Revenues Less Expenses-$1,322,703PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$471,519CYRevenuesLessExpensesAmt
Total Assets BOY$1,680,488TotalAssetsBOYAmt
Total Assets EOY$2,137,721TotalAssetsEOYAmt
Total Liabilities BOY$20,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$37,527TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,660,488NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,100,194NetAssetsOrFundBalancesEOYAmt
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$3,460,442ExpenseAmt
Grant$3,272,297GrantAmt
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$3,460,442TotalProgramServiceExpensesAmt
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 ActivitiesYes (1)FundraisingActivitiesInd
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 Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee7EmployeeCnt
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
NELSON MILLS
DIRECTOR4.00Yes (X)$0$0$0
NITIN GAMBHIR
DIRECTOR4.00Yes (X)$0$0$0
BO HAN
DIRECTOR4.00Yes (X)$0$0$0
CAROLYN ROSSI COPELAND
DIRECTOR4.00Yes (X)$0$0$0
KEN KRONER
DIRECTOR4.00Yes (X)$0$0$0
MATT WILLIAMS
DIRECTOR4.00Yes (X)$0$0$0
THOMAS KEOWN
FOUNDER & CEO50.00Yes (X)$111,585$0$21,867
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$331,585TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$21,867TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$291,027FundraisingAmt
All Other Contributions$5,131,980AllOtherContributionsAmt
Total Contributions$5,423,007TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,723TotalRevenueColumnAmt
Exclusion$23,723ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,130,001SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,107,740SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$22,261SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,261TotalRevenueColumnAmt
Exclusion$22,261ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$21,193FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$291,027ContriRptFundraisingEventAmt
Fundraising Direct Expenses$94,646FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$73,453TotalRevenueColumnAmt
Exclusion-$73,453ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,395,538TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$27,469ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,272,297TotalAmt
Program Services$3,272,297ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$133,452TotalAmt
Program Services$28,379ProgramServicesAmt
Management And General$53,152ManagementAndGeneralAmt
Fundraising$51,921FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$493,287TotalAmt
Program Services$87,085ProgramServicesAmt
Management And General$232,016ManagementAndGeneralAmt
Fundraising$174,186FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$36,838TotalAmt
Program Services$6,639ProgramServicesAmt
Management And General$16,920ManagementAndGeneralAmt
Fundraising$13,279FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$41,756TotalAmt
Program Services$7,832ProgramServicesAmt
Management And General$18,257ManagementAndGeneralAmt
Fundraising$15,667FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,500TotalAmt
Management And General$1,500ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,400TotalAmt
Management And General$15,400ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,202TotalAmt
Management And General$6,202ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$166,217TotalAmt
Management And General$166,217ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$563,730TotalAmt
Fundraising$563,730FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$115,210TotalAmt
Program Services$31,431ProgramServicesAmt
Management And General$44,946ManagementAndGeneralAmt
Fundraising$38,833FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$29,755TotalAmt
Program Services$26,779ProgramServicesAmt
Management And General$1,488ManagementAndGeneralAmt
Fundraising$1,488FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,699TotalAmt
Management And General$2,699ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$45,676TotalAmt
Fundraising$45,676FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,924,019TotalAmt
Program Services$3,460,442ProgramServicesAmt
Management And General$558,797ManagementAndGeneralAmt
Fundraising$904,780FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$545,010BOYAmt
EOY$1,251,505EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,274BOYAmt
EOY$322,484EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$292,848BOYAmt
EOY$40,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$826,356BOYAmt
EOY$523,732EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,680,488BOYAmt
EOY$2,137,721EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$20,000BOYAmt
EOY$37,527EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$20,000BOYAmt
EOY$37,527EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$533,988BOYAmt
EOY$1,603,231EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,126,500BOYAmt
EOY$496,963EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,660,488BOYAmt
EOY$2,100,194EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,680,488BOYAmt
EOY$2,137,721EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$471,519ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$31,813NetUnrlzdGainsLossesInvstAmt
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$1,343,220CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,854,397CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,929,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,027,790CurrentTaxYearMinus1YearAmt
Current Tax Year$5,423,007CurrentTaxYearAmt
Total$15,578,295TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,343,220CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,854,397CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,929,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,027,790CurrentTaxYearMinus1YearAmt
Current Tax Year$5,423,007CurrentTaxYearAmt
Total$15,578,295TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,772,574SubstantialContributorsTotAmt
Public Support Total170$11,805,721PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,694CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$39,278CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$48,194CurrentTaxYearMinus1YearAmt
Current Tax Year$23,723CurrentTaxYearAmt
Total$154,589TotalAmt
FieldValueIRS element (for citing)
Total Support$15,732,884TotalSupportAmt
Public Support CY1700.75040PublicSupportCY170Pct
Public Support PY1700.69940PublicSupportPY170Pct
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$5,452,169TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$31,813NetUnrealizedGainsInvstAmt
Other Revenue$94,646OtherRevenueAmt
Revenue Not Reported$62,833RevenueNotReportedAmt
Revenue Subtotal$5,389,336RevenueSubtotalAmt
Investment Expenses Not Incld$6,202InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$6,202RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,395,538TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,012,463TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$94,646OtherExpensesIncludedAmt
Expenses Not Reported$94,646ExpensesNotReportedAmt
Expenses Subtotal$4,917,817ExpensesSubtotalAmt
Investment Expenses Not Incld2$6,202InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$6,202ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,924,019TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE 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 YEARS ENDED DECEMBER 31, 2023 AND 2022, 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.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EVENT EXPENSES 94,646.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EVENT EXPENSES 94,646.

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,00GRANTS TO RECIPIENTS IN THE REGION$2,353,552
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,00GRANTS TO RECIPIENTS IN THE REGION$711,902
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,00GRANTS TO RECIPIENTS IN THE REGION$206,843
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$3,272,297SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$3,272,297TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (7 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmt
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,SUPPORT FOR THE ORGANIZATION'S MISSION$206,843WIRE TRANSFER$0
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,SUPPORT FOR THE ORGANIZATION'S MISSION$362,233WIRE TRANSFER$0
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,SUPPORT FOR THE ORGANIZATION'S MISSION$600,902WIRE TRANSFER$0
SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR,SUPPORT FOR THE ORGANIZATION'S MISSION$111,000WIRE TRANSFER$0
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,SUPPORT FOR THE ORGANIZATION'S MISSION$966,086WIRE TRANSFER$0
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,SUPPORT FOR THE ORGANIZATION'S MISSION$988,233WIRE TRANSFER$0
SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,SUPPORT FOR THE ORGANIZATION'S MISSION$37,000WIRE TRANSFER$0
FieldValueIRS element (for citing)
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 G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event12024 GALAEvent1Nm
Gross Receipts Event1$312,220GrossReceiptsEvent1Amt
Charitable Contri Event1$291,027CharitableContriEvent1Amt
Gross Revenue Event1$21,193GrossRevenueEvent1Amt
Rent Facility Costs Event1$15,250RentFacilityCostsEvent1Amt
Food And Beverage Event1$62,698FoodAndBeverageEvent1Amt
Entertainment Event1$2,060EntertainmentEvent1Amt
Other Direct Expenses Event1$14,638OtherDirectExpensesEvent1Amt
Gross Receipts Total$312,220GrossReceiptsTotalAmt
Charitable Contributions Tot$291,027CharitableContributionsTotAmt
Gross Revenue Total Events$21,193GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$15,250RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$62,698FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,060EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$14,638OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$94,646DirectExpenseSummaryEventsAmt
Net Income Summary-$73,453NetIncomeSummaryAmt

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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