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Hope Rises INC FY2023 filing

Tax-deductible

East Amherst, NY501(c)(3)Public & Societal BenefitEIN 87-4634989Revenue $123K in FY2023

On file with the IRSPo Box 24, 14051-0024 · East Amherst, NYTax-exempt since Mar 2022Publicly supported — 509(a)(2)

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Hope Rises INC. ignites hope through love and goodwill across the globe

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
0 of 2
filings with a surplus
Average deficit $13K a year · 11% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $30K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$49K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
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
$123K
-14% vs prior year
Spent
$128K
To programs
86%
Net assets
$34K
By yearFY2022–FY2024
Revenue
$123K
FY2023▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2022$142K
FY2023$123K
FY2024$127K
Expenses
$128K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$128K
FY2024$148K
Net assets
$34K
FY2023▲ +230%
Tap a bar for its year
Net assets by fiscal year
FY2022$10K
FY2023$34K
FY2024$20K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Mar 2022.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $110K Management & general 4% · $5K Fundraising 10% · $13K

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
Kate Glaser
President
$0Pt VII · Sec A
Brian Glaser
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hope Rises INC 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

Spreading hope worldwide with love and goodwill.

Questions for Hope Rises INC

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Provided by the organization

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1 program · $110K · in their own filed words · FY2023
01

Igniting hope through acts of charitable kindness and continuous Give Hope campaigns throughout the community of Western New York with a team of powerful volunteers, committed to goodness.

$110Kprogram 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
New Era Cap FoundationFY2024$20K
Moore for KidsFY2024$5K
Walking in Love INCFY2024$2K
Thurman Thomas Family Foundation INCFY2024$2K
Arthur J Gallagher FoundationFY2024$618
Total grants receivedfrom 5 funders$30K
See all 5 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$119K
Other incomeLn 4–11$4K
Money outPt IX
$128K
Ln 25
Programscol B$110K
Managementcol C$5K
Fundraisingcol D$13K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$83K
LiabilitiesLn 26$49K
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$119K
Noncash giftsLn 1g$2K
Other incomeLn 4–11$4K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Total assetsLn 16$83K
LiabilitiesLn 26$49K
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$8K$82K
Total assetsLn 16$11K$83K
LiabilitiesLn 26$100$49K
Net assetsLn 32$10K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$250$250
Accounting feesLn 11c$500$500
Other fees for servicesLn 11g$29K$15K$2K$12K
Advertising and promotionLn 12$691$483$70$138
Conferences, conventions and meetingsLn 19$6K$6K$610
Other expenses (24a–d)Ln 24$83K$82K$410$800
All other expensesLn 24e$8K$7K$455$612
Total functional expensesLn 25$128K$110K$5K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $127K$148K−$21K$20K 990 PDF
FY2023 Viewing $123K$128K−$5K$34K 990 PDF
FY2022 $142K$10K 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 FY2023 990 (6 parts)
Part I · Summary $122,569 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,238$118,763
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$3,806
I-12 Total revenuePrior year $142,238$122,569
I-13 Grants and similar amounts paidPrior year $0$0
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 $128,403$127,826
I-18 Total expensesPrior year $128,403$127,826
I-19 Revenue less expensesPrior year $13,835−$5,257
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $122,569 across 5 lines filed
VIII-1f All other contributions, gifts and grants$118,763
VIII-1g Noncash contributions (included above)$1,713
VIII-1h Total contributions, gifts and grants$118,763
VIII-8 Net income from fundraising eventsExcluded from tax $3,806$3,806
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,806$122,569
Part IX · Statement of functional expenses $127,826 across 7 lines filed
IX-11b Legal feesManagement $250$250
IX-11c Accounting feesManagement $500$500
IX-11g Other fees for servicesPrograms $15,291 · Management $2,248 · Fundraising $11,692$29,231
IX-12 Advertising and promotionPrograms $483 · Management $70 · Fundraising $138$691
IX-19 Conferences, conventions and meetingsPrograms $5,500 · Management $610$6,110
IX-24 Other expenses (24a–d)Programs $81,850 · Management $410 · Fundraising $800$83,060
IX-24e All other expensesPrograms $6,917 · Management $455 · Fundraising $612$7,984
IX-25 Total functional expensesPrograms $110,041 · Management $4,543 · Fundraising $13,242$127,826
Part X · Balance sheet $83,013 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,841$82,344
X-3 Pledges and grants receivableStart of year $734$669
X-16 Total assetsStart of year $10,539$83,013
X-25 Other liabilitiesStart of year $0$48,600
X-26 Total liabilitiesStart of year $100$48,600
X-27 Net assets without donor restrictionsStart of year $10,439$34,413
X-32 Total net assets or fund balancesStart of year $10,439$34,413
X-33 Total liabilities and net assetsStart of year $10,539$83,013
Part XI · Reconciliation of net assets $34,413 net assets at year end
XI-1 Total revenue$122,569
XI-2 Total expenses$127,826
XI-3 Revenue less expenses−$5,257
XI-4 Net assets at start of year$10,439
XI-6 Donated services and use of facilities$29,231
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,413

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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