Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
The Source of Hope
EIN 46-2491772 • 501(c)3 • Plano, TX
Profile
The source of hope empwers low income cosmetology students by providing assistance through educational program, grants,scholarships, in addition we provide services
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.22x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
17th percentile
Higher net margin than 17% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Balance Sheet
Assets
Down$62,104
Down $11,683 (-16%) from 2023
Liabilities
Up$13,384
Up $6,539 (+96%) from 2023
Net Assets
$48,720
No earlier filing loaded for comparison.
Revenue
Down$47,553
Down $32,249 (-40%) from 2023
Expenses
Up$65,775
Up $3,960 (+6.4%) from 2023
Net Income
Down-$18,222
Down $36,209 (-201%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $62,104
- Liabilities
- $13,384
- Net assets
- $48,720
- Revenue
- $47,553
- Expenses
- $65,775
- Net income
- -$18,222
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $47,553
Mission and Program Overview
Mission
The source of hope empwers low income cosmetology students by providing assistance through educational program, grants,scholarships, in addition we provide services
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SERVING HOPE: COOK AND SERVE MEALS TO INDIVIDUALS IN NEED SUCH AS AT-RISK FAMILIES, SENIOR VETERANS, FIRST RESPONDERS, AND THE LOCAL HOMELESS COMMUNITY | - | $26,689 |
| SHARING HOPE: WORK WITH OTHER ORGANIZATIONS AND HELP PROVIDE NECESSITIES AND RESOURCES SUCH AS FOOD, CLOTHING, SANITARY ITEMS, AND MORE TO PEOPLE IN NEED. WE WORK WITH OTHER ORGANIZATIONS TO HELP PROVIDE MORE HELP TO A WIDER AND BROADER REACH. | - | $18,602 |
| BEAUTY OF EDUCATION:PROVIDE EDUCATION, JOB OPPORTUNITIES, AND MONETARY ASSISTANCE TO ASPIRING STUDENTS AND PEOPLE INTERESTED IN WORKING IN THE COSMETOLOGY FIELD | - | $14,386 |
| BEAUTY FOR HOPE AND ORGANIZATIONAL OPERATING EXPENSES | - | $2,706 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHAU STONE | President | FT | $0 | - | - |
| WESLEY STONE | Director/CFO | PT | $0 | - | - |
| JULI KNOX | Treasurer | PT | $0 | - | - |
| CLARA MONTENEGRO | Secretary | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Source of Hope
- EIN
- 46-2491772
- Address
- 1108 W PARKER RD SUITE 102, PLANO, TX 75075
Signing Officer
- Name
- Chau Stone
- Title
- President
- Phone
- 9724737767
- Signed
- 2025-05-15
Preparer
- Firm
- M J Chau & Associates Pllc
- Address
- 5454 SURREY PATH STE 107, FRISCO, TX 75034
- Preparer
- Melody Chau
- Phone
- 9724277711
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses business expense 400 travel and meeting 1,999 other service expense 111 meals 2,983 community outreach 2,600 beauty for hope 106 supplies 298 fundraising expense 6,795 serving hope 13,704 parking and tolls 460 hope run for hunger 5,102 purchases 628 operations 6 finance charge 2,223 program supplies 280 auto expenses 364 books & subscriptions 2,928 taxes & licenses 128 telephone 3,578 other program expense 1,639 tax 104 beauty education 433 total 46,869”
Form 990-ez, Part II, Line 26
“Other liabilities 6,845 13,384”
Form 990-ez, Part III
“The source of hope empwers low income cosmetology students by providing assistance through educational program, grants,scholarships, in addition we provide services”
Form 990-ez, Part III, Line 29
“Sharing hope: work with other organizations and help provide necessities and resources such as food, clothing, sanitary items, and more to people in need. We work with other organizations to help provide more help to a wider and broader reach.”
Form 990-ez, Part III, Line 31
“Beauty for hope and organizational operating expenses”
Raw XML Appendix148 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHAU STONE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4699690024 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1108 W PARKER RD STE 102 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | PLANO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75075 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 34787 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 23104 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 17085 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -18222 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5457 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 73787 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 62104 |
| IRS990EZ/GrossReceiptsAmt | 0 | 47553 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 39000 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 39000 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 66942 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 48720 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 66942 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 48720 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 13449 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHAU STONE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | WESLEY STONE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JULI KNOX |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | CLARA MONTENEGRO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR/CFO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 46869 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE SOURCE OF HOPE EMPWERS LOW INCOME COSMETOLOGY STUDENTS BY PROVIDING ASSISTANCE THROUGH EDUCATIONAL PROGRAM, GRANTS,SCHOLARSHIPS, IN ADDITION WE PROVIDE SERVICES |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 30468 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SERVING HOPE: COOK AND SERVE MEALS TO INDIVIDUALS IN NEED SUCH AS AT-RISK FAMILIES, SENIOR VETERANS, FIRST RESPONDERS, AND THE LOCAL HOMELESS COMMUNITY |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | SHARING HOPE: WORK WITH OTHER ORGANIZATIONS AND HELP PROVIDE NECESSITIES AND RESOURCES SUCH AS FOOD, CLOTHING, SANITARY ITEMS, AND MORE TO PEOPLE IN NEED. WE WORK WITH OTHER ORGANIZATIONS TO HELP PROVIDE MORE HELP TO A WIDER AND BROADER REACH. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | BEAUTY OF EDUCATION:PROVIDE EDUCATION, JOB OPPORTUNITIES, AND MONETARY ASSISTANCE TO ASPIRING STUDENTS AND PEOPLE INTERESTED IN WORKING IN THE COSMETOLOGY FIELD |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | BEAUTY FOR HOPE AND ORGANIZATIONAL OPERATING EXPENSES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 26689 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 18602 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 14386 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 3 | 2706 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 6845 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 13384 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 65775 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 62383 |
| IRS990EZ/TotalRevenueAmt | 0 | 47553 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 17085 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 28590 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 31240 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 23408 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 100323 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 30468 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 51212 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 25873 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 23892 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 131445 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 231768 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 47553 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 79802 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 57113 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 47300 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 231768 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 47553 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 79802 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 57113 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 47300 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 231768 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES BUSINESS EXPENSE 400 TRAVEL AND MEETING 1,999 OTHER SERVICE EXPENSE 111 MEALS 2,983 COMMUNITY OUTREACH 2,600 BEAUTY FOR HOPE 106 SUPPLIES 298 FUNDRAISING EXPENSE 6,795 SERVING HOPE 13,704 PARKING AND TOLLS 460 HOPE RUN FOR HUNGER 5,102 PURCHASES 628 OPERATIONS 6 FINANCE CHARGE 2,223 PROGRAM SUPPLIES 280 AUTO EXPENSES 364 BOOKS & SUBSCRIPTIONS 2,928 TAXES & LICENSES 128 TELEPHONE 3,578 OTHER PROGRAM EXPENSE 1,639 TAX 104 BEAUTY EDUCATION 433 TOTAL 46,869 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OTHER LIABILITIES 6,845 13,384 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE SOURCE OF HOPE EMPWERS LOW INCOME COSMETOLOGY STUDENTS BY PROVIDING ASSISTANCE THROUGH EDUCATIONAL PROGRAM, GRANTS,SCHOLARSHIPS, IN ADDITION WE PROVIDE SERVICES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SHARING HOPE: WORK WITH OTHER ORGANIZATIONS AND HELP PROVIDE NECESSITIES AND RESOURCES SUCH AS FOOD, CLOTHING, SANITARY ITEMS, AND MORE TO PEOPLE IN NEED. WE WORK WITH OTHER ORGANIZATIONS TO HELP PROVIDE MORE HELP TO A WIDER AND BROADER REACH. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BEAUTY FOR HOPE AND ORGANIZATIONAL OPERATING EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 29 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHAU STONE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9724737767 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE SOURCE OF HOPE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOUR |
| ReturnHeader/Filer/EIN | 0 | 462491772 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1108 W PARKER RD SUITE 102 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PLANO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75075 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 261567284 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | M J CHAU & ASSOCIATES PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5454 SURREY PATH STE 107 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FRISCO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75034 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9724277711 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-08-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MELODY CHAU |
| ReturnHeader/ReturnTs | 0 | 2025-08-25T18:31:42-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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