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Hope Haven Area Development Center Foundation

Tax-deductible

Burlington, IA501(c)(3)Community DevelopmentEIN 42-1345231Revenue $518K in FY2025

On file with the IRS828 N 7th St, 52601-4921 · Burlington, IATax-exempt since Jan 1994Supporting organization — 509(a)(3)

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Assist mentally and physically handicapped individuals

501(c)(3) charity; gifts are tax-deductible.
8¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $436K a year · 77% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
8%
of spending
Concern: 8% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
82 mo
of spending, in cash
Looks good: 81.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$518K
+59% vs prior year
Spent
$75K
To programs
8%
Net assets
$7.0M
By yearFY2020–FY2025
Revenue
$518K
FY2025▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$919K
FY2021$569K
FY2022$464K
FY2023$623K
FY2024$326K
FY2025$518K
Expenses
$75K
FY2025▼ -63%
Tap a bar for its year
Expenses by fiscal year
FY2020$224K
FY2021$79K
FY2022$79K
FY2023$142K
FY2024$203K
FY2025$75K
Net assets
$7.0M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$6.4M
FY2022$6.1M
FY2023$6.5M
FY2024$6.5M
FY2025$7.0M

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

8 cents of each dollar spent went to programs.

Program services 8% · $6K Management & general 92% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ruth Skeens
Board Chair
$0Pt VII · Sec A
Rex Troute
Vice Chair
$0Pt VII · Sec A
Ed Bazow
Member
$0Pt VII · Sec A
See Hope Haven Area Development Center Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people with mental and physical disabilities.

Questions for Hope Haven Area Development Center Foundation

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Provided by the organization

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1 program · $6K · in their own filed words · FY2024
01

Program support to affiliate to assist mentally & physically handicapped individuals in living & work related skills

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $511K · 2019–2024
Hope Haven Area Development Center CorporationIA · FY2024$6,341
Hope Haven Area Development Center CorporationIA · FY2023$148,000
Hope Haven Area Development Center CorporationIA · FY2022$104,381
Hope Haven Area Development Center CorporationIA · FY2021$36,500
Hope Haven Area Development Center CorporationIA · FY2020$34,200
Hope Haven Area Development Center CorporationIA · FY2019$181,732

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$518K
Ln 12
Investment incomeLn 3$368K
Gifts and grantsLn 1h$149K
Other incomeLn 4–11$486
Money outPt IX
$75K
Ln 25
Programscol B$6K
Managementcol C$69K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$512K
Total assetsLn 16$7.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Investment incomeLn 3$368K
Other incomeLn 4–11$486
Gains on assetsLn 7$127K
Total revenueLn 12$518K
Assets in detailPt X, end of year
CashLn 1$362K
SavingsLn 2$150K
Cash and savings togetherLn 1–2$512K
InvestmentsLn 11–13$6.4M
Total assetsLn 16$7.0M
LiabilitiesLn 26$0
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$539K$512K
InvestmentsLn 11–13$5.8M$6.4M
Total assetsLn 16$6.5M$7.0M
LiabilitiesLn 26$20K$0
Net assetsLn 32$6.5M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Accounting feesLn 11c$29K$29K
Investment management feesLn 11f$36K$36K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$83$83
Total functional expensesLn 25$75K$6K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $518K$75K$443K$7.0M 990 PDF
FY2024 $326K$203K$123K$6.5M 990 PDF
FY2023 $623K$142K$482K$6.5M 990 PDF
FY2022 $464K$79K$385K$6.1M 990 PDF
FY2021 $569K$79K$490K$6.4M 990 PDF
FY2020 $919K$224K$695K$5.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $517,824 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $78,026$149,078
I-9 Program service revenue$0
I-10 Investment incomePrior year $245,974$368,260
I-11 Other revenuePrior year $2,435$486
I-12 Total revenuePrior year $326,435$517,824
I-13 Grants and similar amounts paidPrior year $148,000$6,341
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,997$68,623
I-18 Total expensesPrior year $202,997$74,964
I-19 Revenue less expensesPrior year $123,438$442,860
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $517,824 across 6 lines filed
VIII-1f All other contributions, gifts and grants$149,078
VIII-1h Total contributions, gifts and grants$149,078
VIII-3 Investment incomeRelated to mission $2,530 · Excluded from tax $238,421$240,951
VIII-7 Net gain or loss on sales of assetsExcluded from tax $127,309$127,309
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $486$486
VIII-12 Total revenueRelated to mission $3,016 · Excluded from tax $365,730$517,824
Part IX · Statement of functional expenses $74,964 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $6,341$6,341
IX-11c Accounting feesManagement $28,939$28,939
IX-11f Investment management feesManagement $36,426$36,426
IX-23 InsuranceManagement $3,175$3,175
IX-24 Other expenses (24a–d)Management $83$83
IX-25 Total functional expensesPrograms $6,341 · Management $68,623 · Fundraising $0$74,964
Part X · Balance sheet $7,046,621 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $339,125$361,666
X-2 Savings and temporary cash investmentsStart of year $200,000$150,000
X-4 Accounts receivableStart of year $129,122$114,354
X-11 Publicly traded securitiesStart of year $5,811,118$6,420,601
X-16 Total assetsStart of year $6,479,365$7,046,621
X-26 Total liabilitiesStart of year $19,700$0
X-27 Net assets without donor restrictionsStart of year $6,370,312$6,957,268
X-28 Net assets with donor restrictionsStart of year $89,353$89,353
X-32 Total net assets or fund balancesStart of year $6,459,665$7,046,621
X-33 Total liabilities and net assetsStart of year $6,479,365$7,046,621
Part XI · Reconciliation of net assets $7,046,621 net assets at year end
XI-1 Total revenue$517,824
XI-2 Total expenses$74,964
XI-3 Revenue less expenses$442,860
XI-4 Net assets at start of year$6,459,665
XI-5 Net unrealized gains (losses) on investments$144,096
XI-10 Net assets at end of year$7,046,621

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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