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Hopes Corner INC FY2020 filing

Tax-deductible

Mountain View, CA501(c)(3)Food & Agriculture EIN 47-3754161Revenue $742K in FY2020

On file with the IRShopes-corner.org748 Mercy St, 94041-2027 · Mountain View, CATax-exempt since Sep 2015Publicly supported charity — 170(b)(1)(A)(vi)

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To provide food for the hungry and showers for the unhoused.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $213K a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$383
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$742K
Spent
$292K
To programs
79%
Net assets
$3.2M
By yearFY2020–FY2024
Revenue
$742K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$742K
FY2021$647K
FY2022$463K
FY2023$609K
FY2024$864K
Expenses
$292K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$292K
FY2021$358K
FY2022$385K
FY2023$473K
FY2024$754K
Net assets
$3.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.6M
FY2023$3.7M
FY2024$3.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $231K Management & general 21% · $60K Fundraising 0% · $506

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
K Marshall
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
R Roy
Secr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tracie Wallace’s $68K as Program Manager is at the 71st percentile of top reported officer pay among 1171 $100K–1M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Hopes Corner INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Feeds hungry people and offers showers to the unhoused.

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Provided by the organization

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1 program · $231K · in their own filed words · FY2020
01

Activities are directed toward the mission of feeding the hungry and providing showers to the unhoused.

$231Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
K2n2 Family FoundationFY2025$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$742K
Ln 12
Gifts and grantsLn 1h$740K
Investment incomeLn 3$2K
Money outPt IX
$292K
Ln 25
Programscol B$231K
Managementcol C$60K
Fundraisingcol D$506
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$3.2M
LiabilitiesLn 26$383
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$740K
Government grantsLn 1e$232K
Investment incomeLn 3$2K
Total revenueLn 12$742K
Assets in detailPt X, end of year
CashLn 1$476K
Cash and savings togetherLn 1–2$476K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$3.2M
LiabilitiesLn 26$383
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$244K$476K
Land, buildings, equipmentLn 10c$2.5M$2.7M
Total assetsLn 16$2.7M$3.2M
LiabilitiesLn 26$5K$383
Net assetsLn 32$2.7M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$22K$22K
Payroll taxesLn 10$7K$7K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$2K
OccupancyLn 16$47K$3K$44K
Depreciation, depletion and amortizationLn 22$64K$64K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$134K$133K$506
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$292K$231K$60K$506

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $864K$754K$111K$3.8M 990 PDF
FY2023 $609K$473K$136K$3.7M 990 PDF
FY2022 $463K$385K$77K$3.6M 990 PDF
FY2021 $647K$358K$289K$3.5M 990 PDF
FY2020 Viewing $742K$292K$450K$3.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $742,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $927,693$740,391
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$1,812
I-11 Other revenuePrior year −$256$0
I-12 Total revenuePrior year $927,437$742,203
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $25,709$29,421
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $122,611$262,862
I-18 Total expensesPrior year $148,320$292,283
I-19 Revenue less expensesPrior year $779,117$449,920
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $742,203 across 5 lines filed
VIII-1e Government grants$231,784
VIII-1f All other contributions, gifts and grants$508,607
VIII-1h Total contributions, gifts and grants$740,391
VIII-3 Investment incomeRelated to mission $1,812$1,812
VIII-12 Total revenueRelated to mission $1,812 · Unrelated business $0 · Excluded from tax $0$742,203
Part IX · Statement of functional expenses $292,283 across 10 lines filed
IX-7 Other salaries and wagesPrograms $22,358$22,358
IX-10 Payroll taxesPrograms $7,063$7,063
IX-11c Accounting feesManagement $2,735$2,735
IX-13 Office expensesManagement $4,229$4,229
IX-14 Information technologyManagement $1,592$1,592
IX-16 OccupancyPrograms $3,390 · Management $43,800$47,190
IX-22 Depreciation, depletion and amortizationPrograms $63,988$63,988
IX-23 InsuranceManagement $8,013$8,013
IX-24 Other expenses (24a–d)Programs $133,252 · Fundraising $506$133,758
IX-24e All other expensesPrograms $1,357$1,357
IX-25 Total functional expensesPrograms $231,408 · Management $60,369 · Fundraising $506$292,283
Part X · Balance sheet $3,173,521 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $243,746$475,932
X-10c Land, buildings and equipment, netStart of year $2,483,189$2,697,589
X-16 Total assetsStart of year $2,727,974$3,173,521
X-17 Accounts payable and accrued expensesStart of year $4,756$383
X-26 Total liabilitiesStart of year $4,756$383
X-27 Net assets without donor restrictionsStart of year $2,723,218$3,173,138
X-32 Total net assets or fund balancesStart of year $2,723,218$3,173,138
X-33 Total liabilities and net assetsStart of year $2,727,974$3,173,521
Part XI · Reconciliation of net assets $3,173,138 net assets at year end
XI-1 Total revenue$742,203
XI-2 Total expenses$292,283
XI-3 Revenue less expenses$449,920
XI-4 Net assets at start of year$2,723,218
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,173,138

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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