2024-07-25T21:15:54-05:00 2022-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2022-01-01 392067502 MANY HOPES INC MANY 2102626112 255 WEST 93RD STREET 1N NEW YORK NY 10025 THOMAS KEOWN FOUNDER AND CEO 2102626112 2024-07-25 1 THOMAS KEOWN 999009999 0 HARRISON PEREIRA P00746867 2159798800 2024-07-24 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X THOMAS KEOWN 255 WEST 93RD STREET 1N NEW YORK NY 10025 5346923 0 X WWW.MANYHOPES.ORG X 2007 MA THE ORGANIZATION SHALL HELP TO SUSTAIN, ENHANCE AND DEVELOP THE RESOURCES, PROGRAMS, AND FUTURE EXPANSION OF ORGANIZATIONS AROUND THE WORLD THAT ARE RESCUING, EDUCATING, AND ADVOCATING FOR ORPHANED, ABANDONED, ABUSED OR ENSLAVED CHILDREN. THE ORGANIZATION SHALL HELP TO GENERATE PUBLIC AWARENESS OF, AND FUNDS FOR, THE ORGANIZATIONS, SCHOOLS, ORPHANAGES, AND CHILD RESCUE AND REHABILITATION PROGRAMS AND CAPITAL PROJECTS. 6 6 8 25 0 0 1407654 3929881 0 0 30082 -3165 446743 -28856 1884479 3897860 734184 2669055 0 0 202500 465653 0 0 301657 229558 498813 1166242 3633521 718237 264339 2690922 3012683 0 32258 2690922 2980425 MANY HOPES RESCUES CHILDREN FROM OPPRESSION AND RAISES THEM TO BE ADULTS OF INFLUENCE EQUIPPED TO DO JUSTICE FOR OTHERS, CAUSING EXPONENTIAL IMPACT. 0 0 2847791 2669055 THE ORGANIZATION WAS FOUNDED TO HOUSE AND EDUCATE ORPHANED AND ABANDONED CHILDREN IN KENYA. THIS YEAR IT EXPANDED TO SIX NEW PARTNERSHIPS IN MALAWI, GHANA, GUATEMALA, BOLIVIA AND PERU. FUNDS RAISED WERE GRANTED TO: 1. RESCUE CHILDREN FROM SLAVERY TRAFFICKING, SEXUAL ABUSE AND ABANDONMENT. 2. PROVIDE A SAFE PLACE TO LIVE AND RECEIVE CARE AND HEALING FROM TRAUMA. 3. EDUCATE CHILDREN AT ELEMENTARY SCHOOL, HIGH SCHOOL, AND COLLEGE LEVELS AND PROVIDE MENTORING IN JUSTICE AND CIVICS SO THEY CAN BECOME ADULTS EQUIPPED TO LEAD. 2847791 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA MA X X X BECKY WELDAY 2102626112 85 PARKWAY ROAD 2 BRONXVILLE NY 10708 MAXINE FRIEDMAN PRESIDENT 4.00 X X 0 0 0 BECKY WELDAY TREASURER 7.00 X X 0 0 0 NELSON MILLS DIRECTOR 4.00 X 0 0 0 JOSEPH ZITO DIRECTOR 4.00 X 0 0 0 NITIN GAMBHIR DIRECTOR 4.00 X 0 0 0 BO HAN DIRECTOR 4.00 X 0 0 0 THOMAS KEOWN FOUNDER & CEO 50.00 X 23850 0 0 COLIN HUNTER HEAD OF STRATEGY 20.00 X 102000 0 0 MADELEINE PAHR CREATIVE DIRECTOR 40.00 X 118000 0 0 243850 0 0 2 0 0 0 0 366438 3563443 3056 3929881 39278 39278 1239105 1281548 -42443 -42443 -42443 138659 366438 167515 -28856 -28856 3897860 0 0 -32021 2669055 2669055 23850 23850 387629 77521 155054 155054 16297 3259 6519 6519 37877 7575 15151 15151 15109 15109 219247 219247 85194 85194 80852 22057 31542 27253 26994 7364 10531 9099 67734 60960 3387 3387 3683 3683 3633521 2847791 484073 301657 845669 1392697 225089 34680 0 133500 1620164 1451806 2690922 3012683 0 32258 0 32258 X 2690922 1469425 0 1511000 2690922 2980425 2690922 3012683 264339 -126506 151670 0 X 0 1 X 0 0 X 1147421 1010576 1343220 1854397 3929881 9285495 1147421 1010576 1343220 1854397 3929881 9285495 2406684 6878811 10561 23952 23694 19700 39278 117185 9402680 0.73160 0.98670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3923760 -126506 167515 41009 3882751 15109 15109 3897860 3785927 167515 167515 3618412 15109 15109 3633521 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX, EXCEPT ON INCOME EARNED FROM UNRELATED BUSINESS ACTIVITIES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022, AND HAS BEEN CLASSIFIED AS ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 167,515. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 167,515. 1 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 1351261 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS IN THE REGION 112794 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 500000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN THE REGION 705000 0 0 0 0 0 0 2669055 0 2669055 EUROPE (INCLUDING ICELAND & GREENLAND) SUPPORT FOR THE ORGANIZATION'S MISSION 112794 WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN SUPPORT FOR THE ORGANIZATION'S MISSION 705000 WIRE TRANSFER 0 SUB-SAHARAN AFRICA SUPPORT FOR THE ORGANIZATION'S MISSION 376303 WIRE TRANSFER 0 SOUTH AMERICA SUPPORT FOR THE ORGANIZATION'S MISSION 400000 WIRE TRANSFER 0 SOUTH AMERICA SUPPORT FOR THE ORGANIZATION'S MISSION 100000 WIRE TRANSFER 0 SUB-SAHARAN AFRICA SUPPORT FOR THE ORGANIZATION'S MISSION 694958 WIRE TRANSFER 0 6 0 0 0 0 0 0 0 PART I, LINE 2: FUNDS ARE GRANTED TO RECOGNIZED CHARITIES OUTSIDE THE US SERVING THE NEEDS OF ORPHANED AND ABANDONED CHILDREN IN KENYA, MALAWI, GHANA, GUATEMALA, BOLIVIA AND PERU. FUNDS ARE GRANTED IN RESPONSE TO REQUESTS TO MEET SPECIFIC NEEDS IN LINE ITEMS IN PROGRAM BUDGETS AGREED WITH MANY HOPES, INC. (MH). AT THE START OF EACH YEAR, MH REPRESENTATIVES VISIT PROJECTS AT LEAST ONCE EACH YEAR TO INPUT INTO THE SETTING OF THAT BUDGET AND REVIEW THE BUDGET FOR THE PREVIOUS YEAR. ALL RECEIPTS FOR PURCHASES MADE FOR BUILDING OR FOR RUNNING BUILDINGS CONSTRUCTED OR PROGRAMS IMPLEMENTED ARE KEPT BY A PROJECT ACCOUNTANT. AT THE END OF THE FINANCIAL YEAR AN INDEPENDENT AUDIT OF EXPENDITURE V GRANT MONIES RECEIVED BY PROJECTS IS CARRIED OUT BY AN EXTERNAL ACCOUNTANT, AND HARD AND SOFT COPIES OF THE AUDIT SENT TO MH. ADDITONALLY THERE IS QUARTERLY REPORTING OF RUNNING COSTS FOR SPECIFIC PROJECTS FUNDED BY MH. PART III ACCOUNTING METHOD: FALL EVENT 419137 297135 122002 24810 68706 28486 MIAMI EVENT 85960 69303 16657 2495 14162 505097 366438 138659 24810 71201 42648 138659 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS VIA E-MAIL FOR THEIR REVIEW. EACH BOARD MEMBER IS ENCOURAGED TO RESPOND TO ANYTHING IN THE FORM 990 THEY HAVE A QUESTION ABOUT OR COMMENT TO MAKE. ANY NEEDED CORRECTIONS ARE MADE. THE BOARD THEN CONSIDERS THE DOCUMENT APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR EVERY BOARD MEMBER IS REQUIRED TO SIGN A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 SENIOR SALARIES WERE DISCUSSED AND SET BY THE BOARD AND BY THE HOVDE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 IN MASSACHUSETTS A COPY OF THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT THE MASSACHUSETTS SECRETARY OF STATE'S OFFICE AND ACCESSIBLE BY WEBSITE OR REQUEST. THE ORGANIZATION ALSO MAKES AVAILABLE THE FORM 990 TO ANY PERSON REQUESTING A COPY AND A COPY CAN BE FOUND ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.