Hope Chest Inc in La Grange, Illinois (IL)

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Hope Chest Inc
Employer Identification Number (EIN)363982573
Name of OrganizationHope Chest Inc
Address717 W Hillgrove Ave, La Grange, IL 60525-5916
ActivitiesDescribed in section 509(a)(2) of the Code, Thrift ship, retail outlet, etc.
SubsectionCharitable Organization
Ruling Date04/1995
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$42,566
Amount of Income$134,263
Form 990 Revenue Amount$132,114
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Thrift Shops


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Amount of income in 2014: $134,263 (it was $129,972 in 2013)
Hope Chest Inc: 

 $134,263
Other organizations performing similar types of work: 

 $128,815

Assets in 2014: $42,566 (it was $47,418 in 2013)
This organization: 

 $42,566
Other organizations performing similar types of work: 

 $51,025

Expenses in 2014: $138,682
Hope Chest Inc: 

 $138,682
Other organizations performing similar types of work: 

 $115,376

Income to expenses ratio in 2014: 1.0
Hope Chest Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2014: 6.0%
Hope Chest Inc: 

 6.0%
Other organizations performing similar types of work: 

 2.9%

Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2011201220132014
Total revenue$95,399$115,885$128,525$132,114
Contributions, gifts, grants, and similar amounts received$3,070$4,628$6,025$7,877
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Investment income$30$8$68$15
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$3,386$1,168
Gross income from gaming$0$0$0$0
Gross income from fundraising events$0$0$3,386$1,168
Less: direct expenses from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$92,299$111,249$118,866$120,787
Gross sales of inventory, less returns and allowances$92,948$112,157$120,313$122,936
Less: cost of goods sold$649$908$1,447$2,149
Other revenue$0$0$180$2,267
Total expenses$94,709$91,921$146,435$138,682
Total net assets$38,367$62,331$44,421$37,853
Excess/Deficit for the year$690$23,964$-17,910$-6,568
Net assets or fund balances at beginning of year$37,677$38,367$62,331$44,421
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$62,331$44,421$37,853
Balance Sheets
2011201220132014
Total assets$42,283$66,252$47,418$42,566
Total liabilities$3,916$3,921$2,997$4,713
Net assets or fund balances$38,367$62,331$44,421$37,853
Other Information
2011201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$565,058
Subtotal$565,058
Gifts, grants, contributions, and membership fees received$26,365
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$538,693
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$565,231
Public support$565,058
Subtotal$153
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$153
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$20
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sharing Connections Inc5111 Chase Ave, Downers Grove, IL 60515-4012IL2000-09$2,521,643
2Delta Institute Building Material Reuse Center53 W Jackson Blvd Ste 230, Chicago, IL 60604-3670IL2010-04$1,061,659
3Hope Chest Of Pekin NfpPO BOX 1331, Pekin, IL 61555-1331IL2013-12$387,992
4Caring And Sharing Thrift Shop NfpPO BOX 2, Pinckneyville, IL 62274-0002IL2010-02$176,313
5Monroe County Helping Hand695 N Moore, Waterloo, IL 62298IL2011-06$154,074
6Willow Tree Missions351 W Monroe St, Monticello, IL 61856-1873IL2008-07$136,254
7Annies Resale For The World2120 Plum Grove Rd, Rolling Mdws, IL 60008-1932IL2012-03$112,508
8New Elephant Resale Shop Of Chicago Nfp1424 Grove Street, Evanston, IL 60201IL2015-01$93,696
9Hearts For Service, Sweet Charity3431 Keller Lane, Naperville, IL 60565IL2010-08$76,907
10Twice As Nice Mother & ChildPo Box 302, Lake Villa, IL 60046IL2011-04$75,245
11Anns Helping Hands Inc Nfp23212 96th Ave N Ct, Port Byron, IL 61275IL2011-03$71,603
12Shadow Box Nfp22320 Golf Course Rd, Raymond, IL 62560IL2012-02$57,379
13Retro-Tech Inc625 W Main St, Peoria, IL 61606-1455IL2013-02$55,959
14Moline City Union Of The International Order Of The KingsP O Box 6, Moline, IL 61266-0006IL2011-06$42,412
15Lockport Resource CenterPO BOX 854, Lockport, IL 60441-0854IL2014-06$27,579
16Pass It Along124 South Main St, Walnut, IL 61376IL2013-11$17,876
17Arthur Mcc Thrift ShopPo Box 192, Arthur, IL 61911IL2015-04$0
18Carvion And Friends Foundation323 N Parkside Ave, Chicago, IL 60644IL2012-06$0
19Charity-Works205 Goodrich St, Jerseyville, IL 62052IL2009-11$0
20Chicago Furniture Recycling Center838 W Sunnyside Ave Ste B1e, Chicago, IL 60640-6129IL2009-11$0
Number of organizations performing similar types of work
Alaska2
Alabama22
Arkansas5
Arizona21
California80
Colorado19
Connecticut5
District of Columbia1
Delaware3
Florida50
Georgia43
Hawaii2
Iowa13
Idaho10
Illinois42
Indiana18
Kansas19
Kentucky13
Louisiana9
Massachusetts13
Maryland11
Maine9
Michigan43
Minnesota18
Missouri32
Mississippi5
Montana3
North Carolina45
North Dakota2
Nebraska7
New Hampshire5
New Jersey14
New Mexico8
Nevada10
New York29
Ohio29
Oklahoma19
Oregon8
Pennsylvania37
Rhode Island1
South Carolina17
South Dakota8
Tennessee24
Texas51
Utah5
Virginia34
Vermont7
Washington23
Wisconsin36
West Virginia3
Wyoming4
International1
Total938

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