Spreading Hope exists to ignite a movement of gospel shaped schools serving at risk youth in our nations cities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$40K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
0 of 2
filings with a surplus
Average deficit $59K a year · 30% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$40K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $65K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$200K
+22% vs prior year
Spent
$236K
To programs
98%
Net assets
$134K
By yearFY2021–FY2025
Revenue
$200K
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2021$72K
FY2022$125K
FY2023$164K
FY2024$200K
FY2025$199K
Expenses
$236K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$236K
FY2025$282K
Net assets
$134K
FY2024▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2021$189K
FY2022$176K
FY2023$170K
FY2024$134K
FY2025$52K

From the FY2024 Form 990 (year ending August 2024) · see the original

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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 Nov 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $231K Management & general 2% · $5K

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

4 people listed on the 990; $40K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Treasurer
$24,000Pt VII · Sec A
Secretary
$15,500Pt VII · Sec A
Director
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

Russell Gregg’s $18K as Secretary is at the 13th percentile of top reported officer pay among 1613 $100K–1M education 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Daniel Olson$9,000$24,000———
Dan Olson——$18,000$18,000$18,000
Russell Gregg$17,667$15,500———
Russ Gregg——$15,000$15,000$15,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires gospel-shaped schools to serve at-risk urban youth.

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Provided by the organization

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1 program · $231K · in their own filed words · FY2023
01

Providing resources and hosting SITE/VISITS for prospective school planters. Hosted school leaders at hope academy and provided digital resources to school leaders. Provide school planter assessment services and coaching. Hosting virtual and in-person retreats and conferences.

$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 · FY2024
Total grants receivedfrom 2 funders$65K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$23K
Investment incomeLn 3$1K
Money outPt IX
$236K
Ln 25
Programscol B$231K
Managementcol C$5K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$137K
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$23K
Investment incomeLn 3$1K
Other incomeLn 4–11$149
Total revenueLn 12$200K
Assets in detailPt X, end of year
SavingsLn 2$137K
Cash and savings togetherLn 1–2$137K
Total assetsLn 16$137K
LiabilitiesLn 26$3K
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 56
VolunteersI 612
Fiscal year endsHeaderAugust
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 FY24End FY24
Cash and savingsLn 1–2$172K$137K
Total assetsLn 16$172K$137K
LiabilitiesLn 26$2K$3K
Net assetsLn 32$170K$134K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$40K$40K
Other salaries and wagesLn 7$109K$109K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$950$950
Other fees for servicesLn 11g$500$500
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$4K$4K
TravelLn 17$16K$16K
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$583$583
Other expenses (24a–d)Ln 24$873$682$191
Total functional expensesLn 25$236K$231K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $199K$282K−$82K$52K 990 PDF
FY2024 Viewing $200K$236K−$36K$134K 990 PDF
FY2023 $164K$170K 990 PDF
FY2022 $125K$176K 990 PDF
FY2021 $72K$189K 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 FY2024 990 (6 parts)
Part I · Summary $200,492 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,000$175,875
I-9 Program service revenuePrior year $17,172$23,303
I-10 Investment incomePrior year $1,190$1,165
I-11 Other revenuePrior year $129$149
I-12 Total revenuePrior year $164,491$200,492
I-13 Grants and similar amounts paidPrior year $25,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $94,929$176,829
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $50,876$59,499
I-18 Total expensesPrior year $170,805$236,328
I-19 Revenue less expensesPrior year −$6,314−$35,836
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $200,492 across 6 lines filed
VIII-1f All other contributions, gifts and grants$175,875
VIII-1h Total contributions, gifts and grants$175,875
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,303$23,303
VIII-3 Investment incomeRelated to mission $1,165$1,165
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $149$149
VIII-12 Total revenueRelated to mission $24,617 · Unrelated business $0 · Excluded from tax $0$200,492
Part IX · Statement of functional expenses $236,328 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,500$39,500
IX-7 Other salaries and wagesPrograms $108,999$108,999
IX-9 Other employee benefitsPrograms $16,705$16,705
IX-10 Payroll taxesPrograms $11,625$11,625
IX-11c Accounting feesManagement $950$950
IX-11g Other fees for servicesPrograms $500$500
IX-12 Advertising and promotionPrograms $30,567$30,567
IX-13 Office expensesManagement $4,154$4,154
IX-17 TravelPrograms $16,027$16,027
IX-19 Conferences, conventions and meetingsPrograms $5,845$5,845
IX-23 InsurancePrograms $583$583
IX-24 Other expenses (24a–d)Programs $682 · Management $191$873
IX-25 Total functional expensesPrograms $231,033 · Management $5,295 · Fundraising $0$236,328
Part X · Balance sheet $137,182 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $172,466$137,182
X-16 Total assetsStart of year $172,466$137,182
X-17 Accounts payable and accrued expensesStart of year $2,412$2,964
X-26 Total liabilitiesStart of year $2,412$2,964
X-32 Total net assets or fund balancesStart of year $170,054$134,218
X-33 Total liabilities and net assetsStart of year $172,466$137,182
Part XI · Reconciliation of net assets $134,218 net assets at year end
XI-1 Total revenue$200,492
XI-2 Total expenses$236,328
XI-3 Revenue less expenses−$35,836
XI-4 Net assets at start of year$170,054
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$134,218

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

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