The Hopeless Foundation

990EZ • Fiscal year 2016 • EIN 38-3777239

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 10, 2017

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

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

51%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

12%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

-20%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets59th percentile

Assets

$286,885

Up $31,667 (+12%) from 2015

Net Assets

$285,775

Up $30,757 (+12%) from 2015

Liabilities

$1,110

Up $910 (+455%) from 2015

Revenue And Expenses

Liabilities / Revenue68th percentile Net Margin92nd percentile

Revenue

Down

$60,058

Down $14,720 (-20%) from 2015

Expenses

Down

$29,301

Down $32,280 (-52%) from 2015

Net Income

$30,757

Up $17,560 (+133%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

Highlighted filing

2016

Assets$286,885

Liabilities$1,110

Net Assets$285,775

Open 2016 Filing

Operations Trend

Revenue Growth24th percentile

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

Highlighted filing

2016

Revenue$60,058

Expenses$29,301

Net Income$30,757

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: Mar 10, 2017
Return Version: 2016v3.0
Gross Receipts: $60,058

Mission and Program Overview

Mission

See supplemental information attached

Program Services

Description	Grants	Expenses
Various Charitable Institutions	$38	$23,885

Compensation and Service Providers

Top Officer Pay75th 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: 2017-03-10
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: Var Charitable Activities | Donee's Name: CHARITIES BELOW $5000 (16) | Donee's Address: VARIOUS VARIOUS CA 00000 | Relationship of Donee: none | Cash Amount Given: $18885”

Other Expenses.1

“Filing Fees $35”

Other Expenses.2

“bank charges $3”

Total Liabilities.1

“Credit Card Payable - Beginning $200 Credit Card Payable - Ending $1110”

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/PersonNm	0	Al Person
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8189970444
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	15918 Arminta St
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Van Nuys
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	91406
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	255218
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	286885
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	59391
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	30757
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	5378
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form720FiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	255218
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	286885
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	23885
IRS990EZ/GrossReceiptsAmt	0	60058
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	667
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	255018
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	285775
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	255018
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	285775
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	38
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	38
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	23885
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/SumOfTotalLiabilitiesGrp/BOYAmt	0	200
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	1110
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	29301
IRS990EZ/TotalProgramServiceExpensesAmt	0	38
IRS990EZ/TotalRevenueAmt	0	60058
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	www.subcity.net
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	59391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	74140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	68505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	152361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	39339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	393736
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	667
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	638
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	592
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	456
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	2889
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.99270
IRS990ScheduleA/PublicSupportPY170Pct	0	0.99340
IRS990ScheduleA/PublicSupportTotal170Amt	0	393736
IRS990ScheduleA/SubstantialContributorsTotAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	59391
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	74140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	68505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	152361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	39339
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	393736
IRS990ScheduleA/TotalSupportAmt	0	396625
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: Var Charitable Activities \| Donee's Name: CHARITIES BELOW $5000 (16) \| Donee's Address: VARIOUS VARIOUS CA 00000 \| Relationship of Donee: none \| Cash Amount Given: $18885
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Filing Fees $35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	bank charges $3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Credit Card Payable - Beginning $200 Credit Card Payable - Ending $1110
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	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Total Liabilities.1
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	LOUIS D POSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-03-10
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	2017-03-10T14:41:13-08:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-01-01
ReturnHeader/TaxPeriodEndDt	0	2016-12-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $286,885
Liabilities: $1,110
Net assets: $285,775
Revenue: $60,058
Expenses: $29,301
Net income: $30,757

	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