Civic Intelligence

Foundation for New Hope

EIN 84-2380447 • 501(c)3 • Greenville, NC

Profile

The purpose of foundation is aimed to help minority college students based on financial need and academic merit including leadership qualities and commitment to service and to support the local communities.

2306 Crooked Creek RdGreenville, NC 27858

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.00x

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

NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2020

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

12th percentile

-45%

Faster asset growth than 12% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$3,375

Down $2,770 (-45%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

$3,375

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $10,600 (-100%) from 2019

Expenses

Down

$2,770

Down $1,685 (-38%) from 2019

Net Income

Down

-$2,770

Down $8,915 (-145%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0K$6.0K$4.0K$2.0K$0Assets 2019: $6,145Liabilities 2019: $02019Assets 2020: $3,375Liabilities 2020: $0Net Assets 2020: $3,3752020

Highlighted filing

2020

Assets$3,375
Liabilities$0
Net Assets$3,375
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2019: $10,600Expenses 2019: $4,455Net Income 2019: $6,1452019Revenue 2020: $0Expenses 2020: $2,770Net Income 2020: -$2,7702020

Highlighted filing

2020

Revenue$0
Expenses$2,770
Net Income-$2,770
Open 2020 Filing

Filings

Most recent year

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

Open filing
Assets
$3,375
Liabilities
$0
Net assets
$3,375
Revenue
$0
Expenses
$2,770
Net income
-$2,770
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.00$2.77$2.77
2019Summary only. Only limited summary data is available for this year.$6.15$0.00$10.6$4.46$6.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.0
Mission and Program Overview

Mission

The purpose of foundation is aimed to help minority college students based on financial need and academic merit including leadership qualities and commitment to service and to support the local communities.

Program Services

DescriptionGrantsExpenses
DONATION OF PERSONAL PROTECTIVE EQUIPMENTS TO SUPPORT LOCAL COMMUNITIES.$2,000$2,000
TO SUPPORT LOCAL COMMUNITIES.-$770
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
INKYEONG YOOExecutive Di-$0--
YOUNG GYU YOODirector-$0--
BRIAN D YOODirector-$0--
Filing and Contact Details

Filer

Filer Name
Foundation for New Hope
EIN
84-2380447
Phone
2522583936
Address
2306 CROOKED CREEK RD, GREENVILLE, NC 27858

Signing Officer

Name
Inkyeong Yoo
Title
Executive Director
Phone
2522583936
Signed
2021-11-03
Discuss with paid preparer
Yes

Preparer

Firm
Leonard & Leonard LLC
Address
PO BOX 41392, RALEIGH, NC 27629
Preparer
Ernest Leonard
Phone
9198098221
Supplemental Narrative

Additional Explanations

Form 990-ez, Part III

“The purpose of foundation is aimed to help minority college students based on financial need and academic merit including leadership qualities and commitment to service and to support the local communities.”

Form 990-ez, Part III, Line 31

“To support local communities.”

Raw XML Appendix113 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0INKYEONG YOO
CompensationExplanation/CompensationExplanationGrp/PersonNm1YOUNG GYU YOO
CompensationExplanation/CompensationExplanationGrp/PersonNm2BRIAN D YOO
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR NEW HOPE
IRS990EZ/BooksInCareOfDetail/PhoneNum02522583936
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02306 CROOKED CREEK RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GREENVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027858
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt06145
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt03375
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2770
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0770
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/ForeignOfficeInd0false
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt02000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt03375
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF FOUNDATION IS AIMED TO HELP MINORITY COLLEGE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT INCLUDING LEADERSHIP QUALITIES AND COMMITMENT TO SERVICE AND TO SUPPORT THE LOCAL COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DONATION OF PERSONAL PROTECTIVE EQUIPMENTS TO SUPPORT LOCAL COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TO SUPPORT LOCAL COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1770
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt02770
IRS990EZ/TotalProgramServiceExpensesAmt02770
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010600
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt010600
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010600
IRS990ScheduleA/TotalSupportAmt010600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF FOUNDATION IS AIMED TO HELP MINORITY COLLEGE STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC MERIT INCLUDING LEADERSHIP QUALITIES AND COMMITMENT TO SERVICE AND TO SUPPORT THE LOCAL COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SUPPORT LOCAL COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0INKYEONG YOO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02522583936
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
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ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0842380447
ReturnHeader/Filer/PhoneNum02522583936
ReturnHeader/Filer/USAddress/AddressLine1Txt02306 CROOKED CREEK RD
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027858
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820672001
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 41392
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027629
ReturnHeader/PreparerPersonGrp/PhoneNum09198098221
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERNEST LEONARD
ReturnHeader/ReturnTs02021-11-04T11:03:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0INKYEONG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YOO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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