The Hopeless Foundation

990EZ • Fiscal year 2014 • EIN 38-3777239

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 04, 2015

Organization Profile www.subcity.net

15918 Arminta StVan Nuys, CA 91406

(818) 997-0444

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

26%

Higher net margin than 81% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

8.0%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

-55%

Faster revenue growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets55th percentile

Assets

$241,821

Up $17,883 (+8.0%) from 2013

Net Assets

$241,821

Up $17,883 (+8.0%) from 2013

Liabilities

Flat

Flat from 2013

Revenue And Expenses

Liabilities / Revenue55th percentile Net Margin81st percentile

Revenue

Down

$69,097

Down $83,800 (-55%) from 2013

Expenses

Down

$51,214

Down $66,716 (-57%) from 2013

Net Income

Down

$17,883

Down $17,084 (-49%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$241,821

Liabilities$0

Net Assets$241,821

Open 2014 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$69,097

Expenses$51,214

Net Income$17,883

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Apr 4, 2015
Return Version: 2014v5.0
Gross Receipts: $69,097

Mission and Program Overview

Mission

See supplemental information attached

Program Services

Description	Grants	Expenses
Various Charitable Institutions	$6,250	$44,904

Compensation and Service Providers

Top Officer Pay74th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Louis D Posen	President	-	$0	-	-
Jo Ann Oster	Secretary	-	$0	-	-
Ben Posen	CFO	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Sub City
EIN: 38-3777239
Phone: 8189970444
Address: 15918 Arminta St, Van Nuys, CA 91406

Signing Officer

Name: Louis D Posen
Title: President
Signed: 2015-04-04
Discuss with paid preparer: Yes

Preparer

Firm: Oster and Wolf Llp
Address: 21031 VENTURA BLVD 1105, WOODLAND HILLS, CA 91364
Preparer: Steve Wolf CPA
Phone: 8185934800

Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - FORM 990-EZ, PART IIIORGANIZATION'S PRIMARY EXEMPT PURPOSETO CONNECT YOUNG PEOPLE THROUGH MUSIC TO ORGANIZATIONS AND RESOURCES WHERE THEY CAN GET HELP AND MAKE A DIFFERENCE. THIS INCLUDES, BUT NOT LIMITED TO: HEALTH ISSUES (DEPRESSION, SUICIDE PREVENTION, HIV-AIDS); CONSERVATION (GLOBAL WARMING, WILDLIFE CONSERVATION); AND CONFLICT RESOLUTION (GANG PREVENTION, COMMUNITY CENTERS). IN ADDITION, TO BRIDGE MUSICIANS WITH THEIR FANS AND THE ISSUES THAT TOUCH BOTH THEIR HEARTS.”

Grants and Similar Amounts Paid In Excess of $5,000.2

“Class of Activity: Youth Leadership | Donee's Name: New Directions for Youth, Inc. | Donee's Address: 7315 Lankershim Blvd North Hollywood, CA 91605 | Relationship of Donee: none | Cash Amount Given: $13593”

Grants and Similar Amounts Paid In Excess of $5,000.3

“Class of Activity: Var Charitable Activities | Donee's Name: CHARITIES BELOW $5000 (17) | Donee's Address: VARIOUS VARIOUS, CA 00000 | Relationship of Donee: none | Cash Amount Given: $12475”

Grants and Similar Amounts Paid In Excess of $5,000.4

“Class of Activity: FIGHTING CYSTIC FIBROSIS | Donee's Name: LIVING THE DREAM FOUNDATION | Donee's Address: 177 RIVERSIDE DR., #F NEWPORT BEACH, CA 92663 | Relationship of Donee: none | Cash Amount Given: $13270”

Grants and Similar Amounts Paid In Excess of $5,000.5

“Class of Activity: Fighting Blindness | Donee's Name: FOUNDATION FIGHTING BLINDNESS | Donee's Address: 7168 COLUMBIA GATEWAY DR. COLUMBIA, MD 21046 | Relationship of Donee: none | Cash Amount Given: $5566”

Other Expenses.1001

“Advertising and Promotion $6250”

Other Expenses.1

“Filing Fees $60”

Raw XML Appendix153 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Van Nuys
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	91406
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	223938
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	241821
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IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	68505
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
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IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	17883
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form720FiledInd	0	false
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IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	44904
IRS990EZ/GrossReceiptsAmt	0	69097
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	592
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	223938
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	241821
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	223938
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	241821
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Louis D Posen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Jo Ann Oster
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Ben Posen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	CFO
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationFiled990TInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	6310
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SEE SUPPLEMENTAL INFORMATION ATTACHED
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Various Charitable Institutions
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	6250
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	44904
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/RelatedOrgSect527OrgInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	51214
IRS990EZ/TotalProgramServiceExpensesAmt	0	6250
IRS990EZ/TotalRevenueAmt	0	69097
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	www.subcity.net
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	68505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	152361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	39339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	61627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	103988
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	425820
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	592
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	456
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	401
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	346
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	2331
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.99460
IRS990ScheduleA/PublicSupportPY170Pct	0	0.99620
IRS990ScheduleA/PublicSupportTotal170Amt	0	425820
IRS990ScheduleA/SubstantialContributorsTotAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	68505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	152361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	39339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	61627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	103988
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	425820
IRS990ScheduleA/TotalSupportAmt	0	428151
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt	0	0
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Client Note 1 - FORM 990-EZ, PART IIIORGANIZATION'S PRIMARY EXEMPT PURPOSETO CONNECT YOUNG PEOPLE THROUGH MUSIC TO ORGANIZATIONS AND RESOURCES WHERE THEY CAN GET HELP AND MAKE A DIFFERENCE. THIS INCLUDES, BUT NOT LIMITED TO: HEALTH ISSUES (DEPRESSION, SUICIDE PREVENTION, HIV-AIDS); CONSERVATION (GLOBAL WARMING, WILDLIFE CONSERVATION); AND CONFLICT RESOLUTION (GANG PREVENTION, COMMUNITY CENTERS). IN ADDITION, TO BRIDGE MUSICIANS WITH THEIR FANS AND THE ISSUES THAT TOUCH BOTH THEIR HEARTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Class of Activity: Youth Leadership \| Donee's Name: New Directions for Youth, Inc. \| Donee's Address: 7315 Lankershim Blvd North Hollywood, CA 91605 \| Relationship of Donee: none \| Cash Amount Given: $13593
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Class of Activity: Var Charitable Activities \| Donee's Name: CHARITIES BELOW $5000 (17) \| Donee's Address: VARIOUS VARIOUS, CA 00000 \| Relationship of Donee: none \| Cash Amount Given: $12475
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Class of Activity: FIGHTING CYSTIC FIBROSIS \| Donee's Name: LIVING THE DREAM FOUNDATION \| Donee's Address: 177 RIVERSIDE DR., #F NEWPORT BEACH, CA 92663 \| Relationship of Donee: none \| Cash Amount Given: $13270
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Class of Activity: Fighting Blindness \| Donee's Name: FOUNDATION FIGHTING BLINDNESS \| Donee's Address: 7168 COLUMBIA GATEWAY DR. COLUMBIA, MD 21046 \| Relationship of Donee: none \| Cash Amount Given: $5566
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	Advertising and Promotion $6250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	Filing Fees $60
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Grants and Similar Amounts Paid In Excess of $5,000.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Grants and Similar Amounts Paid In Excess of $5,000.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Grants and Similar Amounts Paid In Excess of $5,000.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Grants and Similar Amounts Paid In Excess of $5,000.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	Other Expenses.1
ReturnHeader/BuildTS	0	2016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	LOUIS D POSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Sub City
ReturnHeader/Filer/BusinessNameControlTxt	0	SUBC
ReturnHeader/Filer/EIN	0	383777239
ReturnHeader/Filer/PhoneNum	0	8189970444
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	15918 Arminta St
ReturnHeader/Filer/USAddress/CityNm	0	Van Nuys
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	91406
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	OSTER AND WOLF LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	21031 VENTURA BLVD 1105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	WOODLAND HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	91364
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8185934800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Steve Wolf CPA
ReturnHeader/ReturnTs	0	2015-04-04T12:14:18-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $241,821
Liabilities: $0
Net assets: $241,821
Revenue: $69,097
Expenses: $51,214
Net income: $17,883

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.71	$0.01	$3.70	$1.53	$0.82	$0.70
2023Detailed filing. Detailed filing data is available for this year.	$3.01	$0.01	$3.00	$0.75	$0.78	$0.03
2022Detailed filing. Detailed filing data is available for this year.	$3.10	$0.07	$3.03	$1.07	$0.64	$0.44
2021Detailed filing. Detailed filing data is available for this year.	$2.60	$0.01	$2.59	$0.81	$0.78	$0.03
2020Detailed filing. Detailed filing data is available for this year.	$2.57	$0.01	$2.56	$0.64	$0.75	$0.11
2019Detailed filing. Detailed filing data is available for this year.	$2.68	$0.00	$2.68	$0.46	$0.48	$0.02
2018Detailed filing. Detailed filing data is available for this year.	$2.70	$0.00	$2.70	$0.55	$0.73	$0.18
2017Detailed filing. Detailed filing data is available for this year.	$2.88	$0.00	$2.88	$0.44	$0.43	$0.02
2016Detailed filing. Detailed filing data is available for this year.	$2.87	$0.01	$2.86	$0.60	$0.29	$0.31
2015Detailed filing. Detailed filing data is available for this year.	$2.55	$0.00	$2.55	$0.75	$0.62	$0.13
2014Detailed filing. Detailed filing data is available for this year.	$2.42	$0.00	$2.42	$0.69	$0.51	$0.18
2013Detailed filing. Detailed filing data is available for this year.	$2.24	$0.00	$2.24	$1.53	$1.18	$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.89		$1.89	$0.40	$0.15	$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.64		$1.64	$0.62	$0.43	$0.19