New Hope Foundation Inc
- Assets
- $168.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 08/1995
- Data as of
- 12/2018
- EIN
- 04-3188883
Organization Overview
New Hope Foundation Inc is located in Brookline, MA. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, New Hope Foundation Inc generated $63.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $37.5k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
TO DEVELOP, SUPPORT, IMPROVE, PROMOTE, ENCOURAGE, MAINTAIN AND EXPAND EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN CHINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiang Fu President | 0 | $0 | |
January Checkovich Treasurer | 0 | $0 | |
Xiang Fu Secretary | 0 | $0 | |
Xiang Fu Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,615 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,095 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,710 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $36,603 |
| Total expenses | $37,503 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163,287 |
| Other assets | $0 |
| Total assets | $168,509 |
| Total liabilities | $0 |
| Net assets or fund balances | $168,509 |