Nonprofit · EIN 20-1378628
HOPES OUTLET MINISTRIES INC
Tax-exempt · MUSKEGON, MI 49444
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,824,207 | $1,798,812 | $25,395 | $426,631 | $112,767 | $313,864 |
| December 31, 2023 | 990 | $1,693,583 | $1,801,664 | -$108,081 | $417,710 | $129,241 | $288,469 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,940
- Program service revenue
- $0
- Investment income
- $1,628
- Net gain from sales of assets
- $1,598
- Net income from sales of inventory
- $1,820,639
- Other revenue
- $1,820,639
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $99,039
- Other salaries and wages
- $668,169
- Salaries, compensation and benefits (total)
- $959,202
- Professional fundraising fees
- $0
- Accounting fees
- $2,005
- Occupancy
- $419,647
- Depreciation
- $35,622
- Program services (functional)
- $1,671,167
- Management and general (functional)
- $127,645
Balance sheet and other
- Total assets, start of year
- $417,710
- Total assets, end of year
- $426,631
- Total liabilities, end of year
- $112,767
- Net assets, end of year
- $313,864
- Land, buildings and equipment
- $39,665
- Net assets without donor restrictions
- $313,864
- Gross receipts
- $1,824,207
- Employees
- 78
- Year formed
- 2005
- State of legal domicile
- MI
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE TABOR | PRESIDENT/OPS Trustee or director | 40 | $99,039 |
| DERON NELSON | MANAGER Trustee or director | 1 | $0 |
| LARRY HOUSEMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY TABOR | PRESIDENT/OPS Trustee or director | 40 | $46,985 |
| DERON NELSON | MANAGER Trustee or director | 1 | $0 |
| LARRY HOUSEMAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2227 ROBERTS ST, MUSKEGON, MI 49444-1838
- Principal officer (990 for 2024)
- TIMOTHY TABOR, 15707 VINECREST AVE, SPRING LAKE, MI 49456
- Signed the 990
- TIMOTHY TABOR, PRESIDENT
- Phone
- (231) 557-3777
- Return prepared by
- Abbott Accounting CPA
Mission
PROVIDE FOR THE PHYSICAL AND SPIRITUAL NEEDS OF THE UNDER-RESOURCED IN OUR LOCAL COMMUNITIES.
Program accomplishments
- LOCATED IN LOW-INCOME NEIGHBORHOODS, OUR THRIFT STORE CENTERS INTERFACE WITH 300-500 PEOPLE PER DAY. ROUGHLY 90 OF THESE CLIENTS ARE LOW INCOME AND APPORIXIMATELY 75OF THESE RECEIVE SOME FORM OF GOVERNMENT ASSISTANCE. WE ARE THE LOW COST PROVIDER OF BAIC PHYSICAL NEED ITEMS SUCH AS CLOTHES, HOUSEHOLD NECESSITIES SUCH AS BEDS, FURNITURE, LINENS AND KITCHENWARE.Expenses $1,671,167 · revenue $1,824,208
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1378628
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $426,631
- Income (IRS master file)
- $1,822,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,824,207 | $1,798,812 | $426,631 | XML |
| 990 | December 2023 | $1,693,583 | $1,801,664 | $417,710 | XML |
| 990 | December 2022 | $1,672,678 | $1,514,403 | $549,404 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 20-1378628).
Questions about HOPES OUTLET MINISTRIES INC
- What is the EIN of HOPES OUTLET MINISTRIES INC?
- The employer identification number (EIN) of HOPES OUTLET MINISTRIES INC is 20-1378628.
- Is HOPES OUTLET MINISTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to HOPES OUTLET MINISTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPES OUTLET MINISTRIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPES OUTLET MINISTRIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPES OUTLET MINISTRIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOPES OUTLET MINISTRIES INC?
- The 990 for the year ended December 31, 2024 names TIMOTHY TABOR.
- Who are the officers and directors of HOPES OUTLET MINISTRIES INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $99,039 (STEPHANIE TABOR, PRESIDENT/OPS).
- How much revenue does HOPES OUTLET MINISTRIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,824,207, expenses of $1,798,812 and total assets of $426,631 at year end.
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