The Hope Foundation-Usa 1999 Trust
- Assets
- $5.1m
- Revenue
- $542.9k
- Investments
- $4.9m
- Employees
- 0
- Location
- Concord, MA
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 04-6902384
Organization Overview
The Hope Foundation-Usa 1999 Trust is located in Concord, MA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Foundation-Usa 1999 Trust 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 12/2022, Hope Foundation-Usa 1999 Trust generated $542.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $331.5k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hope Foundation-Usa 1999 Trust has awarded 79 individual grants totaling $1,648,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Narendra Popat Trustee | 1 | $0 | |
Jyoti Popat Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,543 |
| Dividends & Interest | $41,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $466,659 |
| Capital Gain Net Income | $466,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,983 |
| Total Revenue | $542,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,511 |
| Taxes | $5,813 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,245 |
| Total operating and administrative expenses | $20,501 |
| Contributions, gifts, grants paid | $311,032 |
| Total expenses and disbursements | $331,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,806 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,427,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,057,090 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Hope Foundation-Usa 1999 Trust has awarded $311,032 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHINMAYA MISSION OF BOSTON PURPOSE: VARIOUS | $10,000 |
DOCTORS WITHOUT BORDERS PURPOSE: VARIOUS | $1,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: VARIOUS | $5,000 |
INDIA DEVELOPMENT & RELIEF FUND PURPOSE: HUMANITARIAN | $73,575 |
VIPASSANA MEDITATION CENTER PURPOSE: VARIOUS | $5,000 |
EDEN INC PURPOSE: ENVIRONMENTAL | $12,000 |