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Hopefulls INC FY2023 filing

Tax-deductible

Winston Salem, NC501(c)(3)Food & AgricultureEIN 92-3830792Revenue $246K in FY2023

On file with the IRS758 Motsinger Rd, 27107-9764 · Winston Salem, NCTax-exempt since Jun 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Hopefulls, INC. Exists to end childhood hunger one elementary school at a time.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
2 of 2
filings with a surplus
Average surplus $194K a year · 70% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
59 mo
of spending, in cash
Looks good: 59.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $66K
Looks good: 4 funders name it on their filings; 3 or more.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$246K
Spent
$41K
To programs
85%
Net assets
$205K
By yearFY2023–FY2024
Revenue
$246K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$246K
FY2024$312K
Expenses
$41K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$41K
FY2024$129K
Net assets
$205K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$205K
FY2024$388K

From the FY2023 Form 990 · see the original

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 Jun 2023.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $35K Management & general 15% · $6K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Myra Overbey
Treasurer
$0Pt VII · Sec A
Jamie Via
Cheif Operating Officer
$0Pt VII · Sec A
Scott Newton
President
$0Pt VII · Sec A

Jamie Via’s $15K as Executive Director is at the 15th percentile of top reported officer pay among 1171 $100K–1M food & agriculture 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.

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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

Feeds hungry children in elementary schools.

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Provided by the organization

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1 program · $35K · in their own filed words · FY2023
01

Hopefulls provides packaged weeknight meals to impoverished school children during the school year. Hopefulls coordinates with teachers and school administrators in the triad area to identify and distribute meals to children that do not have access to adequate nutrition.

$35Kprogram 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
Servant FoundationFY2024$50K
Tannenbaum-Sternberger Foundation INCFY2024$10K
Acts 2035 FoundationFY2024$5K
Edward Jones FoundationFY2024$500
Total grants receivedfrom 4 funders$66K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$246K
Ln 12
Gifts and grantsLn 1h$244K
Other incomeLn 4–11$2K
Money outPt IX
$41K
Ln 25
Programscol B$35K
Managementcol C$6K
Owns and owesPt X
$205K
net assets · Ln 32
Cash and savingsLn 1–2$203K
Total assetsLn 16$205K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$244K
Other incomeLn 4–11$2K
Total revenueLn 12$246K
Assets in detailPt X, end of year
CashLn 1$203K
Cash and savings togetherLn 1–2$203K
Total assetsLn 16$205K
LiabilitiesLn 26$0
Net assetsLn 32$205K
OperationsPt I, VI
EmployeesI 51
VolunteersI 630
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 FY23End FY23
Cash and savingsLn 1–2$203K
Total assetsLn 16$0$205K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$205K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$565$565
Other expenses (24a–d)Ln 24$35K$35K
Total functional expensesLn 25$41K$35K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $312K$129K$183K$388K 990 PDF
FY2023 Viewing $246K$41K$205K$205K 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 $245,625 revenue, 12 lines filed
I-8 Contributions and grants$243,805
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$1,820
I-12 Total revenue$245,625
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$40,953
I-18 Total expenses$40,953
I-19 Revenue less expenses$204,672
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $245,625 across 4 lines filed
VIII-1f All other contributions, gifts and grants$243,805
VIII-1h Total contributions, gifts and grants$243,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,820$1,820
VIII-12 Total revenueRelated to mission $1,820 · Unrelated business $0 · Excluded from tax $0$245,625
Part IX · Statement of functional expenses $40,953 across 3 lines filed
IX-12 Advertising and promotionManagement $5,408$5,408
IX-13 Office expensesManagement $565$565
IX-24 Other expenses (24a–d)Programs $34,980$34,980
IX-25 Total functional expensesPrograms $34,980 · Management $5,973 · Fundraising $0$40,953
Part X · Balance sheet $204,672 assets, 7 lines filed
X-1 Cash, non-interest-bearing$202,852
X-4 Accounts receivable$1,820
X-16 Total assetsStart of year $0$204,672
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$204,672
X-32 Total net assets or fund balancesStart of year $0$204,672
X-33 Total liabilities and net assetsStart of year $0$204,672
Part XI · Reconciliation of net assets $204,672 net assets at year end
XI-1 Total revenue$245,625
XI-2 Total expenses$40,953
XI-3 Revenue less expenses$204,672
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$204,672

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

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