Nonprofit · EIN 27-1019237
HOPE & A FUTURE III INC
Tax-exempt · MADISON, WI 53719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $726,128 | $457,592 | $268,536 | $2,060,525 | $914,175 | $1,146,350 |
| December 31, 2024 | 990 | $547,215 | $393,562 | $153,653 | $1,564,660 | $686,846 | $877,814 |
| December 31, 2023 | 990 | $522,758 | $384,694 | $138,064 | $1,415,649 | $691,488 | $724,161 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $231,916
- Program service revenue
- $482,537
- Investment income
- $11,675
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $71,986
- Other salaries and wages
- $207,335
- Salaries, compensation and benefits (total)
- $309,657
- Professional fundraising fees
- $0
- Accounting fees
- $5,832
- Occupancy
- $73,373
- Travel
- $85
- Depreciation
- $19,402
- Program services (functional)
- $384,651
- Management and general (functional)
- $53,607
- Fundraising (functional)
- $19,334
Balance sheet and other
- Total assets, start of year
- $1,564,660
- Total assets, end of year
- $2,060,525
- Total liabilities, end of year
- $914,175
- Net assets, end of year
- $1,146,350
- Land, buildings and equipment
- $1,390,780
- Net assets without donor restrictions
- $1,025,962
- Net assets with donor restrictions
- $120,388
- Gross receipts
- $726,128
- Employees
- 17
- Volunteers
- 167
- Year formed
- 2009
- State of legal domicile
- WI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARIN KRAUSE | EXECUTIVE DIRECTOR Officer | 48 | $62,385 |
| NANCY WHITNEY | SECRETARY/ADMIN ASSISTANT & BOOKKEEPER Trustee or director, Officer | 1 | $7,316 |
| PAULA REIF | VICE PRESIDENT/COORDINATOR AMERICORPS SENIORS NATI Trustee or director, Officer | 1 | $2,285 |
| MARK BARNARD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DEREK KRAEMER | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL REHBERG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARIN KRAUSE | EXECUTIVE DIRECTOR Officer | 48 | $55,829 |
| NANCY WHITNEY | SECRETARY/ADMIN ASSISTANT Trustee or director, Officer | 1 | $5,444 |
| PAULA REIF | VICE PRESIDENT/PROGRAM COORDINATOR Trustee or director, Officer | 1 | $4,821 |
| MARK BARNHARD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DEREK KRAEMER | TREASURER Trustee or director, Officer | 1 | $0 |
| TAMMY TAYLOR | DIRECTOR (THRU JUNE) Trustee or director | 1 | $0 |
| ANGELINE MBOTUNGAM | DIRECTOR (THRU APRIL) Trustee or director | 1 | $0 |
| MICHAEL REHBERG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARIN KRAUSE | EXECUTIVE DIRECTOR Officer | 48 | $48,127 |
| PAULA REIF | VICE PRESIDENT Trustee or director, Officer | 1 | $8,453 |
| NANCY WHITNEY | SECRETARY (FROM FEBRUARY) Trustee or director, Officer | 1 | $5,821 |
| MARK BARNHARD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DEREK KRAEMER | TREASURER Trustee or director, Officer | 1 | $0 |
| TAMMY TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| ANGELINE MBOTUNGAM | DIRECTOR (FROM FEB) Trustee or director | 1 | $0 |
| MICHAEL REHBERG | DIRECTOR (FROM DEC) Trustee or director | 1 | $0 |
| THERESE ALEXANDER | DIRECTOR (THRU FEBRUARY) Trustee or director | 1 | $0 |
| ANN SHADE | DIRECTOR (THRU FEBRUARY) Trustee or director | 1 | $0 |
| BARBARA MCKINNEY | DIRECTOR (THRU JUNE) Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1115 S HIGH POINT RD, MADISON, WI 53719-4909
- In care of
- % KARIN KRAUSE
- Mailing address (990-N for 2012)
- 3440 S High Point Rd, Madison WI 53719
- Principal officer (990 for 2025)
- KARIN KRAUSE, 1115 S HIGH POINT RD, MADISON, WI 53719
- Principal officer (990-N for 2012)
- James Salerno, 3440 S High Point Rd, Madison WI 53719
- Signed the 990
- KARIN KRAUSE, EXECUTIVE DIRECTOR
- Phone
- (608) 831-0243
- Website
- hopeandafutureinc.org
- Return prepared by
- WEGNER CPAS LLP
Mission
CREATING AN INCLUSIVE AND VIBRANT NEIGHBORHOOD WHERE CHILDREN, FAMILIES AND OLDER ADULTS HELP EACH OTHER FLOURISH.
Program accomplishments
- HOPE & A FUTURE CURRENTLY OPERATES A LICENSED ADULT FAMILY HOME THAT PROVIDES CARE TO OLDER ADULTS WITH A WIDE VARIETY OF DIAGNOSES AND NEEDS. OUR ADULT FAMILY HOME IS HOME TO SENIOR RESIDENTS, STAFF, AND SOMETIMES THE STAFF'S CHILDREN. OUR PIONEERING MODEL INCLUDES A LIVE-IN REGISTERED NURSE AND OCCUPATIONAL THERAPIST AS WELL AS HANDS ON CARE GIVERS WHO MAY HAVE THE OPTION TO RECEIVE ROOM AND BOARD IN EXCHANGE FOR HELPING WITH EVENING AND WEEKEND HOURS. THIS MODEL HELPS TO OVERCOME THE CAREGIVER WORKFORCE CRISIS AND GIVES SENIORS A STABLE STAFF WHILE PROVIDING LOWER-INCOME WAGE EARNERS A STABLE HOME IN THE CONTEXT OF A FAMILY OF FRIENDS CAREGIVING MODEL. ALL RESIDENTS ENJOY GOAL-DIRECTED LIVING AND THE SUPPORT OF EACH OTHER. THE HEALTH AND VIGOR OF OLDER ADULTS IMPROVES AFTER ADMISSION--EVEN IN THE FACE OF ADVANCING DISEASE AND DEMENTIA. RESIDENTS FLOURISH TOGETHER. AND WHEN THE END OF LIFE IS NEAR, WE WORK WITH HOSPICE ALLOWING RESIDENTS TO REMAIN IN PLACE, WITH THEIR FAMILY OF FRIENDS.IN 2025 HOPE & A FUTURE ENJOYED HUNDREDS OF VOLUNTEERS AND GUESTS. EVERY SUMMER WE HAVE WORK GROUPS AND OUTDOOR EVENTS WITH MUSIC. WE HOST MONTHLY POTLUCKS AND HOUSE CONCERTS. IT IS A JOY TO HOST EVENTS AND OFFER COMMUNITY VOLUNTEER OPPORTUNITIES. THIS YEAR 167 VOLUNTEERS CONTRIBUTED 2147.25 HOURS (VALUE AT $74,703). WE ARE VERY GRATEFUL!HOPE & A FUTURE IS MOVING FORWARD WITH EXPANSION PLANS. WE ARE EXCITED TO SEE THE COMPLETION OF OUR PIONEERING THERAPUTIC INTERACTIVE INTERGERATIONAL NEIGHBORHOOD (TIIN) MODEL. WE ARE ENGAGED IN PLANNING FOR THE EXPANSION OF HOUSING AND SERVICES. WE HAVE CONTRACTS WITH ARCHITECTS, ENGINEERS, INTERIOR DESIGNERS, AND LAWYERS. WE HAVE REQUIRED ZONING AND CONDITIONAL USE PERMITS AND WE HAVE APPLIED FOR A BUILDING PERMIT. WE HAVE A LETTER OF INTENT TO COLLABORATE WITH A BILINGUAL MULTICULTURAL SCHOOL TO OPERATE DAYCARE, PRE-K AND AFTER SCHOOL PROGRAMS. WE ARE GRATEFUL TO CONTINUE TO BENEFIT FROM MANY EXPERT ADVISORS, OUR SKILLED VOLUNTEER BOARD OF DIRECTORS AND CAPITAL CAMPAIGN COMMITTEE. OUR TIMELINE FOR BUILDING EXPANSION IS DEPENDANT ON REACHING OUR FUNDRAISING GOAL. WE HAVE MADE PROGRESS WITH FUNDRAISING ALTHOUGH THIS EFFORT CONTINUES. WE ARE CURRENTLY LOOKING AT POTENTIAL COLLABORATIONS FOR BUILDING AND FINANCING. MUCH OF OUR SUPPORT IS GRASS ROOTS AND FROM FAMILY AND FRIENDS OF THOSE WHO HAVE USED OUR SERVICES SINCE 2002, THEIR CONFIDENCE IN OUR WORK SPURS US ON!Expenses $384,651 · revenue $482,537
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 | 990 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
- 27-1019237
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,060,525
- Income (IRS master file)
- $726,128
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $726,128 | $457,592 | $2,060,525 | IRS |
| 990 | December 2024 | $547,215 | $393,562 | $1,564,660 | IRS |
| 990 | December 2023 | $522,758 | $384,694 | $1,415,649 | XML |
| 990 | December 2022 | $470,547 | $304,749 | $1,299,763 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2012 Officer: James Salerno | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-1019237).
Questions about HOPE & A FUTURE III INC
- What is the EIN of HOPE & A FUTURE III INC?
- The employer identification number (EIN) of HOPE & A FUTURE III INC is 27-1019237.
- Is HOPE & A FUTURE III INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to HOPE & A FUTURE III INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE & A FUTURE III 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 HOPE & A FUTURE III INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE & A FUTURE III INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HOPE & A FUTURE III INC?
- The 990 for the year ended December 31, 2025 names KARIN KRAUSE.
- Who are the officers and directors of HOPE & A FUTURE III INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 3 received compensation from the organization, the highest $62,385 (KARIN KRAUSE, EXECUTIVE DIRECTOR).
- How much revenue does HOPE & A FUTURE III INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $726,128, expenses of $457,592 and total assets of $2,060,525 at year end.
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