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New Hope Foundation

Tax-deductible

Culver City, CA501(c)(3)Foundations & GrantmakersEIN 85-4286681

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New Hope Foundation was founded to engage in charitable activities within the scope of the internal revenue code section 501(c)(3), including but not limited to, to support and assist, and to make grants and gifts in aid and support and assistance to orphanages, for relief of the poor or distressed or homeless or of the underprivileged, and for the advancement of education and science; to collect and receive contributions and to dispose of funds exclusively for charitable purposes or otherwise to assist corporations, organizations or institutions carrying on such activities as are consistent with the purposes of applicant.

501(c)(3) charity; gifts are tax-deductible.
94¢ 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
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
1 of 4
filings with a surplus
Average surplus $149K a year · 40% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
108 mo
of spending, in cash
Looks good: 108.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
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
$1.2M
×68 vs prior year
Spent
$208K
To programs
94%
Net assets
$1.9M
By yearFY2021–FY2024
Revenue
$1.2M
FY2024▲ ×68
Revenue by fiscal year
FY2021$126
FY2022$300K
FY2023$17K
FY2024$1.2M
Expenses
$208K
FY2024▼ -18%
Expenses by fiscal year
FY2021$84K
FY2022$367K
FY2023$253K
FY2024$208K
Net assets
$1.9M
FY2024▲ +110%
Net assets by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$890K
FY2024$1.9M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2021.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $195K Management & general 6% · $12K

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
Ommid Ferdows
Board Chair/
$0Pt VII · Sec A
Dariush Hosseini
President/Di
$0Pt VII · Sec A
Nicole a Hosseini
VP/Secretary
$0Pt VII · Sec A
Jacob Rashti
CFO/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See New Hope Foundation executive salaries →

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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 15aNo

Programs and updates

Supports orphanages, the needy, and education through grants and charitable giving.

Provided by the organization

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1 program service account for $25 of program spending, described in the organization's own filed words · FY2024.
01

To support and assistance to orphanages, for relief of the poor or distressed or homeless or of the underprivileged, and for the advancement of education and science.

$25program expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 9 grants · $776K · 2021–2024
City of HopeCA · FY2024$125,000
Hope FoundationCA · FY2024$42,000
Healing the ChildrenWA · FY2024$17,000
City of HopeCA · FY2023$175,000
The Leukemia & Lymphoma SocietyNY · FY2023$50,000
City of HopeCA · FY2022$200,000
Hope FoundationCA · FY2022$93,445
Moms Against PovertyCA · FY2021$59,000
Miracle of Help USA INCNY · FY2021$15,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$96
Money outPt IX
$208K
Ln 25
Programscol B$195K
Managementcol C$12K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$1.9M
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$1.2M
Investment incomeLn 3$96
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$890K$1.9M
Total assetsLn 16$890K$1.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$890K$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$184K$184K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$25$25
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$208K$195K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$208K$982K$1.9M 990 PDF
FY2023 $17K$253K−$236K$890K 990 PDF
FY2022 $300K$367K−$66K$1.1M 990 PDF
FY2021 $126$84K−$84K$1.2M 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 (4 parts)
Part VIII · Statement of revenue $1,189,646 across 5 lines filed
VIII-1a Federated campaigns$1,150,000
VIII-1f All other contributions, gifts and grants$39,550
VIII-1h Total contributions, gifts and grants$1,189,550
VIII-3 Investment incomeRelated to mission $96$96
VIII-12 Total revenueRelated to mission $96$1,189,646
Part IX · Statement of functional expenses $207,532 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $184,000$184,000
IX-11c Accounting feesManagement $1,595$1,595
IX-13 Office expensesPrograms $25$25
IX-23 InsuranceManagement $10,463$10,463
IX-24 Other expenses (24a–d)Programs $11,449$11,449
IX-25 Total functional expensesPrograms $195,474 · Management $12,058 · Fundraising $0$207,532
Part X · Balance sheet $1,872,395 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $890,281$1,872,395
X-16 Total assetsStart of year $890,281$1,872,395
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $890,281$1,872,395
X-32 Total net assets or fund balancesStart of year $890,281$1,872,395
X-33 Total liabilities and net assetsStart of year $890,281$1,872,395
Part XI · Reconciliation of net assets $1,872,395 net assets at year end
XI-1 Total revenue$1,189,646
XI-2 Total expenses$207,532
XI-3 Revenue less expenses$982,114
XI-4 Net assets at start of year$890,281
XI-10 Net assets at end of year$1,872,395

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

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