Hearts & Hope INC: Nonprofit Profile, Financials & Form 990 (EIN 85-1946843)

Revenue by fiscal year
FY2020	$800
FY2024	$0
FY2025	$169K

Expenses by fiscal year
FY2020	Not on file
FY2024	$0
FY2025	$124K

Net assets by fiscal year
FY2020	Not on file
FY2024	−$2K
FY2025	$78K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $124K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Alexis Freeman

President

$0Pt VII · Sec A

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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

Provides compassionate services to support children, families, and individuals facing hardship.

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Provided by the organization

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1 program · $124K · in their own filed words · FY2025

01

Fed and serve community and varoius civic activies

$124Kprogram expense

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$169K

Ln 12

Gifts and grantsLn 1h$169K

Money outPt IX

$124K

Ln 25

Programscol B$124K

Owns and owesPt X

$78K

net assets · Ln 32

Cash and savingsLn 1–2$23K

Total assetsLn 16$101K

LiabilitiesLn 26$23K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$169K

Government grantsLn 1e$169K

Total revenueLn 12$169K

Assets in detailPt X, end of year

CashLn 1$23K

Cash and savings togetherLn 1–2$23K

Total assetsLn 16$101K

LiabilitiesLn 26$23K

Net assetsLn 32$78K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2		$23K
Total assetsLn 16	$130K	$101K
LiabilitiesLn 26	$98K	$23K
Net assetsLn 32	$32K	$78K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$729	$729
Accounting feesLn 11c	$400	$400
TravelLn 17	$683	$683
InsuranceLn 23	$3K	$3K
Other expenses (24a–d)Ln 24	$119K	$119K
Total functional expensesLn 25	$124K	$124K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$169K	$124K	$46K	$78K	990 PDF
FY2024	$0	$0	$0	−$2K	990 PDF
FY2023	Not on file
FY2022	Not on file
FY2021	Not on file
FY2020	$800				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 FY2025 990 (6 parts)

Part I · Summary $169,325 revenue, 12 lines filed

I-8 Contributions and grants$169,325

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$169,325

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$123,738

I-18 Total expenses$123,738

I-19 Revenue less expenses$45,587

Part VI · Governance 1 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

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

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $169,325 across 4 lines filed

VIII-1e Government grants$169,325

VIII-1h Total contributions, gifts and grants$169,325

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$169,325

Part IX · Statement of functional expenses $123,738 across 5 lines filed

IX-11a Management feesPrograms $729$729

IX-11c Accounting feesPrograms $400$400

IX-17 TravelPrograms $683$683

IX-23 InsurancePrograms $2,726$2,726

IX-24 Other expenses (24a–d)Programs $119,200$119,200

IX-25 Total functional expensesPrograms $123,738 · Management $0 · Fundraising $0$123,738

Part X · Balance sheet $100,893 assets, 7 lines filed

X-1 Cash, non-interest-bearing$23,121

X-4 Accounts receivableStart of year $99,105$77,772

X-16 Total assetsStart of year $130,052$100,893

X-17 Accounts payable and accrued expensesStart of year $97,867$23,121

X-26 Total liabilitiesStart of year $97,867$23,121

X-32 Total net assets or fund balancesStart of year $32,185$77,772

X-33 Total liabilities and net assetsStart of year $130,052$100,893

Part XI · Reconciliation of net assets $77,772 net assets at year end

XI-1 Total revenue$169,325

XI-2 Total expenses$123,738

XI-3 Revenue less expenses$45,587

XI-4 Net assets at start of year$32,185

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$77,772

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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