New Hope Charities INC

Tax-deductible

West Palm Bch, FL501(c)(3)Foundations & GrantmakersEIN 65-0128327Revenue $1.5M in FY2024

On file with the IRSnewhopecharities.org626 N Dixie Hwy, 33401-3918 · West Palm Bch, FLTax-exempt since Oct 1989Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 42 volunteers and 13 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $342K a year · 24% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$428K
to officers and key staff · 23% of spending
Top officer’s pay higher than 94% of similar orgs
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+3% vs prior year
Spent
$1.8M
To programs
51%
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.3M
FY2023$1.5M
FY2024$1.5M
Expenses
$1.8M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$1.7M
FY2023$1.8M
FY2024$1.8M
Net assets
$3.9M
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$4.9M
FY2022$4.5M
FY2023$4.2M
FY2024$3.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1989.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $932K Management & general 49% · $911K

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

13 people listed on the 990; $428K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$281,791Pt VII · Sec A
Program Director
$146,581Pt VII · Sec A
President-Pb County Div.
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President-Dade County Div.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lillian M Azqueta’s $282K as Executive Director is at the 94th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lillian M Azqueta$281,791$272,446$263,782$253,089$255,971
Guillermo Rivera$146,581$141,781$133,975$130,669$131,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

New Hope Charities INC is a public foundation based in West Palm Bch, FL.

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Provided by the organization

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2 programs · $932K · in their own filed words · FY2024
01

Other palm beach programs include the pahokee program and the mir project: the pahokee programs consists of the family center. This is made up of day care and youth centers and collection and distribution of food and clothes to the needy program.

$815Kprogram expense
02

The dade project consists of grants administered by father patrick o'neill to aid with medical, educational, housing, and miscellaneous expenses of the needy. The miscellaneous grants are general grants to help with such things as groceries, funeral expenses, etc.

$117Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 10 grants · $605K · 2020–2024
Unitemized GrantFY2024$116,954
Unitemized GrantFY2024$13,247
Unitemized GrantFY2023$87,872
Unitemized GrantFY2023$15,696
Unitemized GrantFY2022$99,474
Unitemized GrantFY2022$11,107
Unitemized GrantFY2021$103,554
Unitemized GrantFY2021$6,999
Unitemized GrantFY2020$145,569
Unitemized GrantFY2020$4,597

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$129K
Investment incomeLn 3$5K
Money outPt IX
$1.8M
Ln 25
Programscol B$932K
Managementcol C$911K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$4.0M
LiabilitiesLn 26$70K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$587K
Investment incomeLn 3$5K
Other incomeLn 4–11$129K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
SavingsLn 2$184K
Cash and savings togetherLn 1–2$184K
InvestmentsLn 11–13$43K
Land, buildings, equipmentLn 10c$3.4M
Total assetsLn 16$4.0M
LiabilitiesLn 26$70K
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 513
VolunteersI 642
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$233K$184K
InvestmentsLn 11–13$38K$43K
Land, buildings, equipmentLn 10c$3.7M$3.4M
Total assetsLn 16$4.2M$4.0M
LiabilitiesLn 26$48K$70K
Net assetsLn 32$4.2M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$138K$138K
Other salaries and wagesLn 7$1.2M$562K$591K
Office expensesLn 13$55K$54K$2K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$281K$281K
InsuranceLn 23$107K$103K$4K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$46K$12K$34K
Total functional expensesLn 25$1.8M$932K$911K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.8M−$319K$3.9M 990 PDF
FY2023 $1.5M$1.8M−$297K$4.2M 990 PDF
FY2022 $1.3M$1.7M−$429K$4.5M 990 PDF
FY2021 $1.4M$1.7M−$266K$4.9M 990 PDF
FY2020 $1.3M$1.7M−$400K$5.2M 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 FY2024 990 (6 parts)
Part I · Summary $1,523,689 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,195,913$1,389,693
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,894$5,071
I-11 Other revenuePrior year $280,482$128,925
I-12 Total revenuePrior year $1,484,289$1,523,689
I-13 Grants and similar amounts paidPrior year $111,605$138,238
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,152,782$1,152,920
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $517,267$551,576
I-18 Total expensesPrior year $1,781,654$1,842,734
I-19 Revenue less expensesPrior year −$297,365−$319,045
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,523,689 across 9 lines filed
Lines not itemized here account for $5,175 of total revenue; see the IRS return.
VIII-1c Fundraising events$586,959
VIII-1f All other contributions, gifts and grants$802,734
VIII-1g Noncash contributions (included above)$8,037
VIII-1h Total contributions, gifts and grants$1,389,693
VIII-3 Investment incomeExcluded from tax $5,071$5,071
VIII-6 Net rental income or lossExcluded from tax $77,339$77,339
VIII-8 Net income from fundraising eventsExcluded from tax −$12,374−$12,374
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $58,785$58,785
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $133,996$1,523,689
Part IX · Statement of functional expenses $1,842,734 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $138,238$138,238
IX-7 Other salaries and wagesPrograms $561,675 · Management $591,245$1,152,920
IX-13 Office expensesPrograms $53,779 · Management $1,649$55,428
IX-17 TravelPrograms $5,787$5,787
IX-22 Depreciation, depletion and amortizationManagement $280,707$280,707
IX-23 InsurancePrograms $103,082 · Management $3,694$106,776
IX-24 Other expenses (24a–d)Programs $56,650$56,650
IX-24e All other expensesPrograms $12,480 · Management $33,748$46,228
IX-25 Total functional expensesPrograms $931,691 · Management $911,043 · Fundraising $0$1,842,734
Part X · Balance sheet $3,951,733 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $232,762$183,711
X-3 Pledges and grants receivableStart of year $168,695$174,324
X-9 Prepaid expenses and deferred chargesStart of year $100,782$103,324
X-10c Land, buildings and equipment, netStart of year $3,708,761$3,447,446
X-11 Publicly traded securitiesStart of year $37,857$42,928
X-16 Total assetsStart of year $4,248,857$3,951,733
X-17 Accounts payable and accrued expensesStart of year $48,137$70,058
X-26 Total liabilitiesStart of year $48,137$70,058
X-27 Net assets without donor restrictionsStart of year $4,128,201$3,848,220
X-28 Net assets with donor restrictionsStart of year $72,519$33,455
X-32 Total net assets or fund balancesStart of year $4,200,720$3,881,675
X-33 Total liabilities and net assetsStart of year $4,248,857$3,951,733
Part XI · Reconciliation of net assets $3,881,675 net assets at year end
XI-1 Total revenue$1,523,689
XI-2 Total expenses$1,842,734
XI-3 Revenue less expenses−$319,045
XI-4 Net assets at start of year$4,200,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,881,675

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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