Brea H O P E INC: FY2023 Nonprofit Profile & Form 990 (EIN 95-3867954)

Revenue by fiscal year
FY2021	$2.0M
FY2022	$2.0M
FY2023	$2.1M
FY2024	$2.2M
FY2025	$2.5M

Expenses by fiscal year
FY2021	$11.0M
FY2022	$1.5M
FY2023	$1.3M
FY2024	$1.2M
FY2025	$1.2M

Net assets by fiscal year
FY2021	$12.4M
FY2022	$12.8M
FY2023	$13.6M
FY2024	$14.5M
FY2025	$15.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1984.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $1.3M Management & general 2% · $20K

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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Brinda Leon

Vice Chairperson

$0Pt VII · Sec A

Richard Champion

Secretary/Treasurer

$0Pt VII · Sec A

Phil D'Agostino

Member

$0Pt VII · Sec A

Bernie Kilcoyne

Chairperson

$0Pt VII · Sec A

Arthur J Roland

Member

$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 15aYes

Programs and updates

Finances construction projects for the Brea Olinda Unified School District.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2022

01

The corporation continues to finance capital assets and existing debt of the previously constructed high school facility for the use by the brea olinda unified school district.

$1.3Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.1M

Ln 12

Other incomeLn 4–11$2.0M

Investment incomeLn 3$100K

Money outPt IX

$1.3M

Ln 25

Programscol B$1.3M

Managementcol C$20K

Owns and owesPt X

$13.6M

net assets · Ln 32

Cash and savingsLn 1–2$12.5M

Total assetsLn 16$20.8M

LiabilitiesLn 26$7.2M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$100K

Other incomeLn 4–11$2.0M

Gains on assetsLn 7$35K

Total revenueLn 12$2.1M

Assets in detailPt X, end of year

CashLn 1$9.4M

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$12.5M

InvestmentsLn 11–13$905K

Land, buildings, equipmentLn 10c$7.4M

Total assetsLn 16$20.8M

LiabilitiesLn 26$7.2M

Net assetsLn 32$13.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

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 FY23	End FY23
Cash and savingsLn 1–2	$12.1M	$12.5M
InvestmentsLn 11–13	$1.3M	$905K
Land, buildings, equipmentLn 10c	$8.3M	$7.4M
Total assetsLn 16	$21.7M	$20.8M
LiabilitiesLn 26	$8.8M	$7.2M
Net assetsLn 32	$12.8M	$13.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$17K		$17K
Investment management feesLn 11f	$1K		$1K
InterestLn 20	$359K	$359K
Depreciation, depletion and amortizationLn 22	$947K	$947K
Other expenses (24a–d)Ln 24	$2K		$2K
Total functional expensesLn 25	$1.3M	$1.3M	$20K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$2.5M	$1.2M	$1.3M	$15.9M	990 PDF
FY2024	$2.2M	$1.2M	$990K	$14.5M	990 PDF
FY2023 Viewing	$2.1M	$1.3M	$774K	$13.6M	990 PDF
FY2022	$2.0M	$1.5M	$514K	$12.8M	990 PDF
FY2021	$2.0M	$11.0M	−$9.0M	$12.4M	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 $2,099,948 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $3,271$99,948

I-11 Other revenuePrior year $2,000,000$2,000,000

I-12 Total revenuePrior year $2,003,271$2,099,948

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 $1,489,419$1,326,172

I-18 Total expensesPrior year $1,489,419$1,326,172

I-19 Revenue less expensesPrior year $513,852$773,776

Part VI · Governance 3 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members3

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

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,099,948 across 4 lines filed

VIII-3 Investment incomeExcluded from tax $65,056$65,056

VIII-7 Net gain or loss on sales of assetsExcluded from tax $34,892$34,892

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,000,000$2,000,000

VIII-12 Total revenueRelated to mission $2,000,000 · Unrelated business $0 · Excluded from tax $99,948$2,099,948

Part IX · Statement of functional expenses $1,326,172 across 5 lines filed

IX-11c Accounting feesManagement $16,670$16,670

IX-11f Investment management feesManagement $1,371$1,371

IX-20 InterestPrograms $359,302$359,302

IX-22 Depreciation, depletion and amortizationPrograms $946,649$946,649

IX-24 Other expenses (24a–d)Management $2,180$2,180

IX-25 Total functional expensesPrograms $1,305,951 · Management $20,221 · Fundraising $0$1,326,172

Part X · Balance sheet $20,801,748 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $9,459,054$9,445,365

X-2 Savings and temporary cash investmentsStart of year $2,633,403$3,071,204

X-10c Land, buildings and equipment, netStart of year $8,327,086$7,380,437

X-11 Publicly traded securitiesStart of year $1,259,350$902,049

X-12 Other securitiesStart of year $4,851$2,693

X-16 Total assetsStart of year $21,683,744$20,801,748

X-17 Accounts payable and accrued expensesStart of year $199,007$151,294

X-25 Other liabilitiesStart of year $8,640,000$7,080,000

X-26 Total liabilitiesStart of year $8,839,007$7,231,294

X-27 Net assets without donor restrictionsStart of year $12,744,361$13,470,032

X-28 Net assets with donor restrictionsStart of year $100,376$100,422

X-32 Total net assets or fund balancesStart of year $12,844,737$13,570,454

X-33 Total liabilities and net assetsStart of year $21,683,744$20,801,748

Part XI · Reconciliation of net assets $13,570,454 net assets at year end

XI-1 Total revenue$2,099,948

XI-2 Total expenses$1,326,172

XI-3 Revenue less expenses$773,776

XI-4 Net assets at start of year$12,844,737

XI-5 Net unrealized gains (losses) on investments−$48,059

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$13,570,454

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

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Brea H O P E INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Brea H O P E INC

By the numbers

Filing history

Schedules filed Part IV