Hsb INC FY2024 filing

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We are a community outreach ministry, supporting and strengthening families by providing access to educational resources and enrichment opportunities for children from all backgrounds, levels of need, and schooling affiliations.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0144094) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $2K a year · 0.4% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
1.2 mo
of spending, in cash
1.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$200K
56% of total assets
Liabilities are 56% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$604K
+14% vs prior year
Spent
$594K
To programs
82%
Net assets
$159K
By yearFY2020–FY2025
Revenue
$604K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$474K
FY2021$542K
FY2022$581K
FY2023$528K
FY2024$604K
FY2025$532K
Expenses
$594K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$530K
FY2021$496K
FY2022$535K
FY2023$567K
FY2024$594K
FY2025$552K
Net assets
$159K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$96K
FY2021$141K
FY2022$188K
FY2023$149K
FY2024$159K
FY2025$139K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $487K Management & general 18% · $107K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Pres. and Tr
$0Pt VII · Sec A
See Hsb INC executive salaries →

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

Strengthen families by providing children educational resources and enrichment opportunities.

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1 program · $483K · in their own filed words · FY2023
01

We are a community outreach ministry, supporting and strengthening families by providing access to educational resources and enrichment opportunities for children from all backgrounds, levels of need, and schooling affiliations.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 80-0144094) · Dispute this line
$483Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$604K
Ln 12
Fees for servicesLn 2g$418K
Other incomeLn 4–11$118K
Gifts and grantsLn 1h$66K
Money outPt IX
$594K
Ln 25
Programscol B$487K
Managementcol C$107K
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$358K
LiabilitiesLn 26$200K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Fees for servicesLn 2g$418K
Investment incomeLn 3$975
Other incomeLn 4–11$118K
Total revenueLn 12$604K
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$59K
Accounts receivableLn 4$14K
Inventories for sale or useLn 8$93K
Land, buildings, equipmentLn 10c$150K
Other assetsLn 15$42K
Total assetsLn 16$358K
LiabilitiesLn 26$200K
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 511
VolunteersI 620
Fiscal year endsHeaderJune
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$82K$59K
Land, buildings, equipmentLn 10c$48K$150K
Total assetsLn 16$341K$358K
LiabilitiesLn 26$192K$200K
Net assetsLn 32$149K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$196K$147K$49K
Other employee benefitsLn 9$18K$13K$4K
Payroll taxesLn 10$58K$44K$15K
Accounting feesLn 11c$750$750
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$12K$9K$3K
Information technologyLn 14$5K$3K$1K
OccupancyLn 16$120K$90K$30K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$11K$8K$3K
Other expenses (24a–d)Ln 24$168K$168K$169
All other expensesLn 24e$653$653
Total functional expensesLn 25$594K$487K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $532K$552K−$20K$139K 990 PDF
FY2024 ViewingFiled with the IRS May 12, 2025 $604K$594K$9K$159K 990 PDF
FY2023Filed with the IRS May 13, 2024 $528K$567K−$39K$149K 990 PDF
FY2022Filed with the IRS May 9, 2023 $581K$535K$46K$188K 990 PDF
FY2021Filed with the IRS May 9, 2022 $542K$496K$46K$141K 990 PDF
FY2020Filed with the IRS May 13, 2021 $474K$530K−$55K$96K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $603,530 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,991$66,133
I-9 Program service revenuePrior year $368,697$418,176
I-10 Investment incomePrior year $73$975
I-11 Other revenuePrior year $125,543$118,246
I-12 Total revenuePrior year $528,304$603,530
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $268,959$272,426
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $298,269$322,004
I-18 Total expensesPrior year $567,228$594,430
I-19 Revenue less expensesPrior year −$38,924$9,100
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $603,530 across 5 lines filed
Lines not itemized here account for $118,246 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$66,133
VIII-1h Total contributions, gifts and grants$66,133
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $418,176$418,176
VIII-3 Investment incomeRelated to mission $975$975
VIII-12 Total revenueRelated to mission $537,397$603,530
Part IX · Statement of functional expenses $594,430 across 12 lines filed
IX-7 Other salaries and wagesPrograms $147,087 · Management $49,029$196,116
IX-9 Other employee benefitsPrograms $13,456 · Management $4,485$17,941
IX-10 Payroll taxesPrograms $43,777 · Management $14,592$58,369
IX-11c Accounting feesManagement $750$750
IX-11g Other fees for servicesManagement $1,351$1,351
IX-13 Office expensesPrograms $8,774 · Management $2,925$11,699
IX-14 Information technologyPrograms $3,400 · Management $1,134$4,534
IX-16 OccupancyPrograms $89,878 · Management $29,960$119,838
IX-22 Depreciation, depletion and amortizationPrograms $4,214$4,214
IX-23 InsurancePrograms $8,127 · Management $2,709$10,836
IX-24 Other expenses (24a–d)Programs $167,960 · Management $169$168,129
IX-24e All other expensesPrograms $653$653
IX-25 Total functional expensesPrograms $487,326 · Management $107,104 · Fundraising $0$594,430
Part X · Balance sheet $358,343 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $75,202$48,724
X-2 Savings and temporary cash investmentsStart of year $6,786$10,205
X-4 Accounts receivableStart of year $5,925$14,424
X-8 Inventories for sale or useStart of year $89,033$93,383
X-10c Land, buildings and equipment, netStart of year $48,446$149,948
X-15 Other assetsStart of year $115,597$41,659
X-16 Total assetsStart of year $340,989$358,343
X-17 Accounts payable and accrued expensesStart of year $19,947$37,184
X-25 Other liabilitiesStart of year $171,838$162,514
X-26 Total liabilitiesStart of year $191,785$199,698
X-27 Net assets without donor restrictionsStart of year $149,204$158,645
X-32 Total net assets or fund balancesStart of year $149,204$158,645
X-33 Total liabilities and net assetsStart of year $340,989$358,343
Part XI · Reconciliation of net assets $158,645 net assets at year end
XI-1 Total revenue$603,530
XI-2 Total expenses$594,430
XI-3 Revenue less expenses$9,100
XI-4 Net assets at start of year$149,204
XI-6 Donated services and use of facilities$218,750
XI-9 Other changes in net assets−$218,409
XI-10 Net assets at end of year$158,645

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

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