Foundations for Hope INC FY2020 filing

Tax-deductible

Trussville, AL501(c)(3)Human ServicesEIN 83-3497398Revenue $292K in FY2020

On file with the IRS6647 Green Dr Ste 201, 35173-2780 · Trussville, ALTax-exempt since Oct 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Foundations for Hope exists to advance the gospel of jesus christ by providing critical resources and training in partnerships with local churches in areas of need across the globe.

501(c)(3) charity; gifts are tax-deductible.
91¢ 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
4 of 5
filings with a surplus
Average surplus $53K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
73 mo
of spending, in cash
Looks good: 72.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
Spent
$89K
To programs
91%
Net assets
$597K
By yearFY2020–FY2024
Revenue
$292K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$292K
FY2021$300K
FY2022$450K
FY2023$759K
FY2024$1.2M
Expenses
$89K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$89K
FY2021$124K
FY2022$259K
FY2023$631K
FY2024$1.6M
Net assets
$597K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$597K
FY2021$773K
FY2022$961K
FY2023$1.1M
FY2024$656K

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

990 PDF Claim
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 Oct 2019.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $81K Management & general 9% · $8K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Randall Treglown’s $30K as Chairman is at the 2nd percentile of top reported officer pay among 3869 $1–10M human services 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

NameFY2024FY2023
Randall Treglown$30,000$30,000
Matthew Mullinax$30,000$30,000

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 15aNo

Programs and updates

Advance the Gospel by providing resources and training through local churches worldwide.

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Provided by the organization

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2 programs · $81K · in their own filed words · FY2020
01

To advance the gospel of jesus christ by providing critical resources and training in partnerships with local churches in areas of need across the globe.

$55Kprogram expense
02

To create learning and social conditions where individuals are conscious of the necessity to improve their living conditions by positively impacting their community.

$26Kprogram 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 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$290K
Investment incomeLn 3$2K
Money outPt IX
$89K
Ln 25
Programscol B$81K
Managementcol C$8K
Owns and owesPt X
$597K
net assets · Ln 32
Cash and savingsLn 1–2$541K
Total assetsLn 16$597K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$290K
Noncash giftsLn 1g$56K
Investment incomeLn 3$2K
Total revenueLn 12$292K
Assets in detailPt X, end of year
SavingsLn 2$541K
Cash and savings togetherLn 1–2$541K
InvestmentsLn 11–13$56K
Total assetsLn 16$597K
LiabilitiesLn 26$0
Net assetsLn 32$597K
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$394K$541K
InvestmentsLn 11–13$56K
Total assetsLn 16$394K$597K
LiabilitiesLn 26$0$0
Net assetsLn 32$394K$597K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$81K$81K
Advertising and promotionLn 12$7K$7K
InsuranceLn 23$854$854
Other expenses (24a–d)Ln 24$502$502
Total functional expensesLn 25$89K$81K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.6M−$433K$656K 990 PDF
FY2023 $759K$631K$128K$1.1M 990 PDF
FY2022 $450K$259K$191K$961K 990 PDF
FY2021 $300K$124K$176K$773K 990 PDF
FY2020 Viewing $292K$89K$203K$597K 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 FY2020 990 (6 parts)
Part I · Summary $292,035 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $402,279$289,903
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $515$2,132
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $402,794$292,035
I-13 Grants and similar amounts paidPrior year $2,634$80,981
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,772$8,153
I-18 Total expensesPrior year $8,406$89,134
I-19 Revenue less expensesPrior year $394,388$202,901
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $292,035 across 5 lines filed
VIII-1f All other contributions, gifts and grants$289,903
VIII-1g Noncash contributions (included above)$56,097
VIII-1h Total contributions, gifts and grants$289,903
VIII-3 Investment incomeExcluded from tax $2,132$2,132
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,132$292,035
Part IX · Statement of functional expenses $89,134 across 4 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $80,981$80,981
IX-12 Advertising and promotionManagement $6,797$6,797
IX-23 InsuranceManagement $854$854
IX-24 Other expenses (24a–d)Programs $502$502
IX-25 Total functional expensesPrograms $81,483 · Management $7,651 · Fundraising $0$89,134
Part X · Balance sheet $597,289 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $394,388$541,192
X-11 Publicly traded securities$56,097
X-16 Total assetsStart of year $394,388$597,289
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $394,388$597,289
X-32 Total net assets or fund balancesStart of year $394,388$597,289
X-33 Total liabilities and net assetsStart of year $394,388$597,289
Part XI · Reconciliation of net assets $597,289 net assets at year end
XI-1 Total revenue$292,035
XI-2 Total expenses$89,134
XI-3 Revenue less expenses$202,901
XI-4 Net assets at start of year$394,388
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$597,289

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

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