Civic Intelligence

The Hopeless Foundation

990 • Fiscal year 2023 • EIN 38-3777239

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 27, 2024

Organization Profilewww.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.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

35th percentile

-3.8%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

41st percentile

-3.1%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-30%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$300,695

Down $9,691 (-3.1%) from 2022

Net Assets

Down

$300,069

Down $2,834 (-0.9%) from 2022

Liabilities

Down

$626

Down $6,857 (-92%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin35th percentile

Revenue

Down

$74,979

Down $32,485 (-30%) from 2022

Expenses

Up

$77,813

Up $14,175 (+22%) from 2022

Net Income

Down

-$2,834

Down $46,660 (-106%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$400K$300K$200K$100K$0Assets 2011: $164,072Net Assets 2011: $164,0722011Assets 2012: $188,971Net Assets 2012: $188,9712012Assets 2013: $223,938Liabilities 2013: $0Net Assets 2013: $223,9382013Assets 2014: $241,821Liabilities 2014: $0Net Assets 2014: $241,8212014Assets 2015: $255,218Liabilities 2015: $200Net Assets 2015: $255,0182015Assets 2016: $286,885Liabilities 2016: $1,110Net Assets 2016: $285,7752016Assets 2017: $287,667Liabilities 2017: $0Net Assets 2017: $287,6672017Assets 2018: $269,547Liabilities 2018: $0Net Assets 2018: $269,5472018Assets 2019: $267,518Liabilities 2019: $0Net Assets 2019: $267,5182019Assets 2020: $257,264Liabilities 2020: $797Net Assets 2020: $256,4672020Assets 2021: $260,128Liabilities 2021: $1,051Net Assets 2021: $259,0772021Assets 2022: $310,386Liabilities 2022: $7,483Net Assets 2022: $302,9032022Assets 2023: $300,695Liabilities 2023: $626Net Assets 2023: $300,0692023Assets 2024: $371,198Liabilities 2024: $748Net Assets 2024: $370,4502024

Highlighted filing

2023

Assets$300,695
Liabilities$626
Net Assets$300,069
Open 2023 Filing

Operations Trend

Revenue Growth19th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $62,028Expenses 2011: $43,244Net Income 2011: $18,7842011Revenue 2012: $39,795Expenses 2012: $14,896Net Income 2012: $24,8992012Revenue 2013: $152,897Expenses 2013: $117,930Net Income 2013: $34,9672013Revenue 2014: $69,097Expenses 2014: $51,214Net Income 2014: $17,8832014Revenue 2015: $74,778Expenses 2015: $61,581Net Income 2015: $13,1972015Revenue 2016: $60,058Expenses 2016: $29,301Net Income 2016: $30,7572016Revenue 2017: $44,433Expenses 2017: $42,541Net Income 2017: $1,8922017Revenue 2018: $54,900Expenses 2018: $73,020Net Income 2018: -$18,1202018Revenue 2019: $45,793Expenses 2019: $47,822Net Income 2019: -$2,0292019Revenue 2020: $64,141Expenses 2020: $75,192Net Income 2020: -$11,0512020Revenue 2021: $80,885Expenses 2021: $78,275Net Income 2021: $2,6102021Revenue 2022: $107,464Expenses 2022: $63,638Net Income 2022: $43,8262022Revenue 2023: $74,979Expenses 2023: $77,813Net Income 2023: -$2,8342023Revenue 2024: $152,592Expenses 2024: $82,211Net Income 2024: $70,3812024

Highlighted filing

2023

Revenue$74,979
Expenses$77,813
Net Income-$2,834
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 27, 2024
Return Version
2023v5.1
Gross Receipts
$74,979
Mission and Program Overview

Mission

See supplemental information attached

The mission of the Foundation is to bridge musicians with their fans through the issues that touch their hearts. The Foundation was created with the realization that music touches the lives of young people in ways directly connected to their passions, identities, and lifestyles becoming part of who they are as human beings. Music transcends our differences, bringing diverse young people into a positive and collaborative communities. Additionally, young people are eager and passionate about critical issues that face their communities and humanity. The Foundations mission is to connect young people through music to organizations and resources where they can make a difference.From health issues (depression, suicide prevention, AIDS) to conservation (global warming, wildlife conservation) to conflict resolution (gang prevention, community centers), just to name a few, young people are inspired by music to get involved and make a positive impact on the world. With the information, tools, an

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$310,386$300,695▼ $9,691
Rtn Earn Endowment Incm Other Fnds$302,903$300,069▼ $2,834
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$310,386$300,695▼ $9,691
Other Assets Total-$0-
Liabilities
Other Liabilities$7,483$626▼ $6,857
Total Liabilities$7,483$626▼ $6,857
Net Assets / Fund Balance
Total Net Assets Fund Balance$302,903$300,069▼ $2,834
Total Liabilities and Net Assets / Fund Balance$310,386$300,695▼ $9,691
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Louis D PosenPresident
Ben PosenCFO
Jo Ann OsterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$74,673
Program Service Revenue
$0
Investment Income
$306
Other Revenue
$0
All Other Contributions
$74,673
Change in Net Assets
$-2,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$68,959
Other Expenses$8,854
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$68,959--$68,959
Fees for Services Accounting-$7,275-$7,275
Other Expenses-$4-$4
Total Functional Expenses$68,959$8,854$0$77,813
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Charities Below 5000 22Various, CA--$14,814
TWLOHA IncMelbourne, FL--$12,509
The Trevor Project IncWest Hollywood, CA--$11,694
Hope for the DayChicago, IL--$11,678
Crisis Text Line IncNew York, NY--$8,184
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
The Hopeless Foundation
EIN
38-3777239
Phone
8189970444
Address
15918 Arminta St, Van Nuys, CA 91406

Signing Officer

Name
Louis D Posen
Title
President
Signed
2024-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis D Posen
Formed
2008
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Wolf and Associates CPA Inc
Address
21031 Ventura Blvd Suite 1105, Woodland Hills, CA 91364
Preparer
Steve Wolf CPA
Phone
8185934800
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHARITIES BELOW 5000 22
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Crisis Text Line Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Hope for the Day
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3The Trevor Project Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4TWLOHA Inc
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0VARIOUS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt124 W 25th St FL 6
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24252 N Cicero
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO Box 69232
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO Box 2203
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VARIOUS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Chicago
IRS990ScheduleI/RecipientTable/USAddress/CityNm3West Hollywood
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Melbourne
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd000000
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110010
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd260641
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd390069
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd432902
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0310386
IRS990/TotalAssetsEOYAmt0300695
IRS990/TotalAssetsGrp/BOYAmt0310386
IRS990/TotalAssetsGrp/EOYAmt0300695
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt074673
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08854
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068959
IRS990/TotalFunctionalExpensesGrp/TotalAmt077813
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07483
IRS990/TotalLiabilitiesEOYAmt0626
IRS990/TotalLiabilitiesGrp/BOYAmt07483
IRS990/TotalLiabilitiesGrp/EOYAmt0626
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0302903
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0300069
IRS990/TotalProgramServiceExpensesAmt068959
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0306
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt074979
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0310386
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0300695
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt015918 Arminta St
IRS990/USAddress/CityNm0Van Nuys
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091406
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.subcity.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOUIS D POSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Hopeless Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA Sub City
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0383777239
ReturnHeader/Filer/PhoneNum08189970444
ReturnHeader/Filer/USAddress/AddressLine1Txt015918 Arminta St
ReturnHeader/Filer/USAddress/CityNm0Van Nuys
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091406
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934576308
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wolf and Associates CPA Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021031 Ventura Blvd Suite 1105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Woodland Hills
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091364
ReturnHeader/PreparerPersonGrp/PhoneNum08185934800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steve Wolf CPA
ReturnHeader/ReturnTs02024-08-27T09:33:03-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$300,695
Liabilities
$626
Net assets
$300,069
Revenue
$74,979
Expenses
$77,813
Net income
-$2,834
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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