Nonprofit · EIN 06-1831240
NEW HOPE FOUNDATION
Tax-exempt · OAK POINT, TX 75068
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $600 | $1,500 | -$900 | $563 | $0 | $563 |
| June 30, 2024 | 990-PF | $5,500 | $8,528 | -$3,028 | $1,463 | $0 | $1,463 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $600
Expenses
- Grants and similar amounts paid
- $0
- Disbursements for charitable purposes
- $1,500
Balance sheet and other
- Total assets, start of year
- $1,463
- Total assets, end of year
- $563
- Total liabilities, end of year
- $0
- Net assets, end of year
- $563
- Fair market value of assets
- $563
- Qualifying distributions
- $1,500
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIP A PETROFF 212 MARTINGALE TRAIL, OAK POINT, TX 75068 | PRESIDENT | 1 | $0 |
| SUZI PETROFF 212 MARTINGALE TRAIL, OAK POINT, TX 75068 | SECR & DIREC | 2 | $0 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIP A PETROFF 212 MARTINGALE TRAIL, OAK POINT, TX 75068 | PRESIDENT | 1 | $0 |
| SUZI PETROFF 212 MARTINGALE TRAIL, OAK POINT, TX 75068 | SECR & DIREC | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 212 MARTINGALE DR, OAK POINT, TX 75068-4100
- In care of
- % KIP PETROFF
- Signed the 990-PF
- KIP A PETROFF, PRESIDENT
- Phone
- (214) 668-7288
- Return prepared by
- DARNALL SIKES & FREDERICK
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 06-1831240
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $563
- Income (IRS master file)
- $600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | $8,089 | $5,089 | $4,491 | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NEW HOPE FOUNDATION
- What is the EIN of NEW HOPE FOUNDATION?
- The employer identification number (EIN) of NEW HOPE FOUNDATION is 06-1831240.
- Is NEW HOPE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to NEW HOPE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NEW HOPE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEW HOPE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HOPE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of NEW HOPE FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does NEW HOPE FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $600, expenses of $1,500 and total assets of $563 at year end.
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