Hope Foundation Inc in Gaithersburg, Maryland (MD)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Hope Foundation Inc | |
| Employer Identification Number (EIN) | 300047236 |
| Name of Organization | Hope Foundation Inc |
| Address | 19100 Stedwick Dr, Gaithersburg, MD 20886-3955 |
| Subsection | Charitable Organization |
| Ruling Date | 10/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1 |
| Amount of Income | $3,500 |
| Form 990 Revenue Amount | $2,500 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Residential, Custodial Care |
Non-representatives - add comments:
Amount of income in 2011: $3,500 (it was $2,500 in 2010)
| Hope Foundation Inc: | $3,500 |
| Other organizations performing similar types of work: | $213,150 |
Assets in 2011: $1 (it was $1 in 2010)
| Hope Foundation Inc: | $1 |
| Other organizations performing similar types of work: | $131,710 |
Expenses in 2010: $1,500
| This organization: | $1,500 |
| Other organizations performing similar types of work: | $208,860 |
Income to expenses ratio in 2010: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2010: 100.0%
| Hope Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 15.5% |
Expenses for 2010
| Analysis of Revenue and Expenses (for 2010) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $2,500 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $2,500 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $1,500 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,000 | $0 | $0 | |
| Contributions, gifts, grants paid | $1,500 | |||
| Excess of revenue over expenses and disbursements | $1,000 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2010) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2010) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2010) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2011 estimated tax | $0 |
| Statements Regarding Activities (for 2010) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2010) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2010, did the foundation have any undistributed income for tax year(s) beginning before 2010? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2010) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2010) | |
| Distributable amount | $0 |
| Undistributed Income (for 2010) | |
| Distributable amount for 2010 | $0 |
| Undistributed income for 2010. This amount must be distributed in 2011 | $0 |
| Private Operating Foundations (for 2010) | |||||
| 2010 | 2009 | 2008 | 2007 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Sulam Inc | 13300 Arctic Ave, Rockville, MD 20853-3012 | MD | 1999-08 | $1,239,564 |
| 2 | Tuts Inc, Tutties Place | 7133 Rutherford Rd Ste 106, Baltimore, MD 21244-2712 | MD | 1997-11 | $851,162 |
| 3 | St Marys Adult Medical Day Care Inc | 6401 Dogwood Rd Ste 108, Baltimore, MD 21207-5218 | MD | 2010-10 | $618,814 |
| 4 | Woolford House Inc | 3102 Lord Baltimore Drive, Baltimore, MD 21244-5809 | MD | 1997-10 | $567,482 |
| 5 | Hope Foundation Inc | 19100 Stedwick Dr, Gaithersburg, MD 20886-3955 | MD | 2002-10 | $3,500 |
| 6 | Love And Happiness Adult Day Service | 2508 Poplar Drive, Gwynn Oak, MD 21207 | MD | 2008-04 | $3,410 |
| 7 | Angels Special Touch Assisted Living Incorporated | 3778 Mcdowell Ln, Baltimore, MD 21227-3506 | MD | 2007-01 | $0 |
| 8 | Annapolis Micam House Inc | 1103 Cedar Park Road, Annapolis, MD 21401 | MD | 2011-08 | $0 |
| 9 | Cathedral Addiction Transtitional Care Housing Inc | 5354 Sheriff Road, Capitol Heights, MD 20743 | MD | 2009-03 | $0 |
| 10 | Edjt Inc | 521 Harwood Ave, Baltimore, MD 21212-3914 | MD | 2008-01 | $0 |
| 11 | Fleming Huner Foundation Inc | 1 Evatt Ct, Randallstown, MD 21133-2406 | MD | 1999-12 | $0 |
| 12 | Jebes Arivalayam International Inc, Jebes | 8645 Cory Drive, Bowie, MD 20720 | MD | 2003-11 | $0 |
| 13 | Lois Lane Inc | 4 S Mccain Dr Ste 14, Frederick, MD 21703-6043 | MD | 2015-04 | $0 |
| 14 | Open Arms Adult Day Care Services | 18216 Darnell Dr, Olney, MD 20832 | MD | 2010-11 | $0 |
| 15 | Open Arms Assisted Living Inc | PO BOX 206, Sudlersville, MD 21668-0206 | MD | 2001-11 | $0 |
| 16 | Second Chances For Teens Incorporated | 903 Nottingham Rd Apt 1a, Baltimore, MD 21229-1210 | MD | 2003-03 | $0 |
| 17 | Seras House | 3705 Clairton Dr, Bowie, MD 20721-2139 | MD | 2003-03 | $0 |
| 18 | Sumil Shah Foundation For Children | 10023 Clue Drive, Bethesda, MD 20817 | MD | 2005-01 | $0 |
| 19 | Warm Heart Family Living Inc | 18441 Crownsgate Circle, Germantown, MD 20874 | MD | 2011-08 | $0 |
| 20 | With Caring Hands Corporation | 3005 Belair Rd, Baltimore, MD 21213-1225 | MD | 2014-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,263 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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