Civic Intelligence

Hope for Life

990 • Fiscal year 2020 • EIN 61-1806775

Jan 01, 2020 to Dec 31, 2020 • Filed on May 25, 2021

Organization Profilewww.hopeforlife.us
PO Box 75684Seattle, WA 98175

(206) 688-8390

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.06x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.03x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

46th percentile

3.9%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$38,250

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

63rd percentile

15%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-4.4%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$310,172

Up $40,549 (+15%) from 2019

Net Assets

Up

$291,588

Up $23,627 (+8.8%) from 2019

Liabilities

Up

$18,584

Up $16,922 (+1018%) from 2019

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin46th percentile

Revenue

Down

$608,407

Down $27,725 (-4.4%) from 2019

Expenses

Up

$584,780

Up $85,501 (+17%) from 2019

Net Income

Down

$23,627

Down $113,226 (-83%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$400K$300K$200K$100K$0Assets 2017: $67,989Liabilities 2017: $885Net Assets 2017: $67,1042017Assets 2018: $131,321Liabilities 2018: $213Net Assets 2018: $131,1082018Assets 2019: $269,623Liabilities 2019: $1,662Net Assets 2019: $267,9612019Assets 2020: $310,172Liabilities 2020: $18,584Net Assets 2020: $291,5882020Assets 2021: $262,080Liabilities 2021: $410Net Assets 2021: $261,6702021Assets 2022: $354,283Liabilities 2022: $10,894Net Assets 2022: $343,3892022Assets 2023: $263,678Liabilities 2023: $6,591Net Assets 2023: $257,0872023Assets 2024: $166,147Liabilities 2024: $449Net Assets 2024: $165,6982024

Highlighted filing

2020

Assets$310,172
Liabilities$18,584
Net Assets$291,588
Open 2020 Filing

Operations Trend

Revenue Growth45th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $188,354Expenses 2017: $121,250Net Income 2017: $67,1042017Revenue 2018: $299,270Expenses 2018: $235,435Net Income 2018: $63,8352018Revenue 2019: $636,132Expenses 2019: $499,279Net Income 2019: $136,8532019Revenue 2020: $608,407Expenses 2020: $584,780Net Income 2020: $23,6272020Revenue 2021: $523,577Expenses 2021: $553,495Net Income 2021: -$29,9182021Revenue 2022: $562,534Expenses 2022: $480,815Net Income 2022: $81,7192022Revenue 2023: $332,945Expenses 2023: $419,247Net Income 2023: -$86,3022023Revenue 2024: $118,795Expenses 2024: $210,184Net Income 2024: -$91,3892024

Highlighted filing

2020

Revenue$608,407
Expenses$584,780
Net Income$23,627
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 25, 2021
Return Version
2020v4.0
Gross Receipts
$613,233
Mission and Program Overview

Mission

Hope for Life serves impoverished youth through holistic care, providing stability in their lives and empowering them with resources and education needed to obtain a flourishing future for themselves and their community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$157,560$157,560→ $0
Cash and Non-Interest-Bearing Accounts$99,030$123,632▲ $24,602
Accounts Receivable-$16,431-
Prepaid Expenses and Deferred Charges$13,033$12,549▼ $484
Total Assets$269,623$310,172▲ $40,549
Liabilities
Unsecured Notes Loans Payable-$17,800-
Accounts Payable and Accrued Expenses$1,662$784▼ $878
Total Liabilities$1,662$18,584▲ $16,922
Net Assets / Fund Balance
Net Assets With Donor Restrictions$183,411$187,443▲ $4,032
Net Assets Without Donor Restrictions$84,550$104,145▲ $19,595
Total Net Assets Fund Balance$267,961$291,588▲ $23,627
Total Liabilities and Net Assets / Fund Balance$269,623$310,172▲ $40,549

Asset Categories

AssetBook ValueDepreciationBasis
Land$157,560-$157,560
Buildings$0$0$0
Other Land Buildings$0$0$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Megan ChaoExecutive DirectorPT$38,250$38,250

Board Members and Trustees

NameTitle
Emily KuhnChair
Jane GunninghamDirector
Marissa Ukosakul-WittDirector
Philip KeetonDirector
Kari FordiceSecretary
Seng ThorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$612,021
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-3,614
All Other Contributions
$521,186
Change in Net Assets
$23,627
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$422,162
Salaries, Compensation, and Employee Benefits$107,056
Other Expenses$55,562
Total Fundraising Expense$54,525
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$422,162--$422,162
Other Salaries and Wages$17,745$5,418$33,149$56,312
Current Officers, Directors, Trustees, and Key Employees$11,475$15,300$11,475$38,250
Fees for Services Other$32,222--$32,222
Payroll Taxes$2,544$1,804$3,886$8,234
Information Technology$1,200$781$5,725$7,706
Fees for Services Accounting-$4,345-$4,345
Other Employee Benefits$3,363$897-$4,260
Office Expenses$2,080$1,803$0$3,883
Conferences and Meetings$2,117--$2,117
Occupancy$523$1,515-$2,038
Other Expenses$1,531$8$280$1,819
Insurance-$775-$775
Fees for Services Legal-$471-$471
Travel$176--$176
Advertising--$10$10
Total Functional Expenses$497,138$33,117$54,525$584,780
International Activity

International Summary

Offices
0
Employees
1
Spending
$422,162

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmakingHope for Life provides grants to Hope for Life ministries who services impoverished youth through holistic care. Hope for Life Ministries provides stability and empowers youth with resources and education needed to obtain a flourishing future for themselves and their communities.01$422,162
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,826
Fundraising Gross Income$1,212
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hope for Life Gala$92,047$1,212$1,326$-114
Total Events$92,047$1,212$4,826$-3,614
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The organization changed the Bylaws to remove the Executive Director as a Director on the Board of Directors, because the Executive Director is now a paid position. In addition the Bylaws were updated to confirm that Action of the Board may be taken through electronic consent.”

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

“Form 990 is presented to the Board of Directors in draft form. Board members review the form and staff address any questions the Board may have.”

Form 990, Part VI, Section B, Line 12C

“The members of the Board of Directors are required to abide by the conflict of interest policy at all times, board members disclose conflicts of interest annually, in accordance with the policy.”

Form 990, Part VI, Section B, Line 15

“The compensation of the Executive Director is set by the Board of Directors, using data on compensation rates for comparable positions in the area, along with advice of professionals in the filed, and considerations for budget constraints. This process was last undertaken in March 2020. There are no other paid officers or key employees.”

Form 990, Part VI, Section C, Line 19

“Hope for Life's Form 990, Form 1023, Bylaws, Conflict of Interest Policy, and Financial Statements are all available upon request at the office. In addition, form 990 is available on public websites such as candid.org”

Filing and Contact Details

Filer

Filer Name
Hope for Life
EIN
61-1806775
Phone
2066888390
Address
PO Box 75684, Seattle, WA 98175

Signing Officer

Name
Megan Chao
Title
Executive Director
Phone
2066888390
Signed
2021-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Chao
Formed
2016
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
10

Preparer

Firm
Rising Sun Accounting
Address
12007 33rd Ave NE, Seattle, WA 98125
Preparer
Samuel Dahlin
Phone
2069395442
Supplemental Narrative

Financial Statement Notes

Schedule D, Part II, Line 5

“The Easement Documents detail the monitoring, inspecting, responding to and enforcement of violations of conservation easements. The beneficiary is required to prepare an annual report of its receipts and disbursements for each fiscal year which is sent to the trustees, so that the trustees can monitor property activities. In addition, the trustees may visit the property at any time for inspection. In the event that a violation is found, the easement documents spell out the various steps of the process to resolve and remedy any violations.”

Schedule D, Part II, Line 9

“The contribution of the Land Trust/Conservation Easement was reported as in-kind income on the Statement of Revenue, in 2019. The land is recorded as Fixed Assets on the Statement of Functional Expenses. All land is recorded at 50% of their assessed value, as there are two equal trustees in the Land Trust.”

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0636132
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt023627
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0612021
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0695030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0304113
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0177007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01788171
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01427977
IRS990ScheduleA/SubstantialContributorsTotAmt0360194
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0612021
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0695030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0304113
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0177007
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01788171
IRS990ScheduleA/TotalSupportAmt01788171
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesIncurredEnforcementAmt00
IRS990ScheduleD/HistoricStrctrEasementsAftrCnt01
IRS990ScheduleD/HistoricStructureEasementsCnt00
IRS990ScheduleD/LandGrp/BookValueAmt0157560
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157560
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/Section170hRqrStsfdInd01
IRS990ScheduleD/StaffHoursSpentEnforcementCnt010
IRS990ScheduleD/StatesEasementsHeldCnt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Easement Documents detail the monitoring, inspecting, responding to and enforcement of violations of conservation easements. The beneficiary is required to prepare an annual report of its receipts and disbursements for each fiscal year which is sent to the trustees, so that the trustees can monitor property activities. In addition, the trustees may visit the property at any time for inspection. In the event that a violation is found, the easement documents spell out the various steps of the process to resolve and remedy any violations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The contribution of the Land Trust/Conservation Easement was reported as in-kind income on the Statement of Revenue, in 2019. The land is recorded as Fixed Assets on the Statement of Functional Expenses. All land is recorded at 50% of their assessed value, as there are two equal trustees in the Land Trust.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part II, Line 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part II, Line 9
IRS990ScheduleD/TotalAcreageCnt04
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0157560
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0422162
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Hope for Life provides grants to Hope for Life ministries who services impoverished youth through holistic care. Hope for Life Ministries provides stability and empowers youth with resources and education needed to obtain a flourishing future for themselves and their communities.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0422162
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Hope for Life provides funds to Hope for Life Ministries in Rwanda for the day to day program operations of that organization. Hope for Life ministries relies on Hope for Life US for its revenue, and must have its budget approved by Hope for Life.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Hope for Life Ministry provides Hope for Life with monthly expense reports as well as quarterly impact reports. In addition, the Executive Director and one member of Hope for Life's Board of Directors visit Rwanda annually for monitoring.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0422162
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt090835
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt090835
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04826
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Hope for Life Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092047
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt092047
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01212
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01212
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3614
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01326
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01326
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization changed the Bylaws to remove the Executive Director as a Director on the Board of Directors, because the Executive Director is now a paid position. In addition the Bylaws were updated to confirm that Action of the Board may be taken through electronic consent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is presented to the Board of Directors in draft form. Board members review the form and staff address any questions the Board may have.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members of the Board of Directors are required to abide by the conflict of interest policy at all times, board members disclose conflicts of interest annually, in accordance with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The compensation of the Executive Director is set by the Board of Directors, using data on compensation rates for comparable positions in the area, along with advice of professionals in the filed, and considerations for budget constraints. This process was last undertaken in March 2020. There are no other paid officers or key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Hope for Life's Form 990, Form 1023, Bylaws, Conflict of Interest Policy, and Financial Statements are all available upon request at the office. In addition, form 990 is available on public websites such as candid.org
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$310,172
Liabilities
$18,584
Net assets
$291,588
Revenue
$608,407
Expenses
$584,780
Net income
$23,627
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$1.19$2.10$0.91
2023Detailed filing. Detailed filing data is available for this year.$2.64$0.07$2.57$3.33$4.19$0.86
2022Detailed filing. Detailed filing data is available for this year.$3.54$0.11$3.43$5.63$4.81$0.82
2021Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$5.24$5.53$0.30
2020Detailed filing. Detailed filing data is available for this year.$3.10$0.19$2.92$6.08$5.85$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.70$0.02$2.68$6.36$4.99$1.37
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$2.99$2.35$0.64
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$1.88$1.21$0.67