Nonprofit · EIN 27-2917974
HOPE & MAIN
Tax-exempt (reinstated) · WARREN, RI 02885
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,864,515 | $3,064,061 | -$199,546 | $3,842,282 | $4,298,561 | -$456,279 |
| June 30, 2024 | 990 (amended) | $1,863,573 | $1,896,190 | -$32,617 | $2,518,207 | $3,074,038 | -$555,831 |
| June 30, 2023 | 990 | $1,653,386 | $1,611,836 | $41,550 | $2,480,495 | $3,231,559 | -$751,064 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,859,750
- of which government grants
- $590,476
- Program service revenue
- $1,005,273
- Investment income
- $0
- Net income from fundraising events
- -$508
- Other revenue
- -$508
Expenses
- Grants and similar amounts paid
- $692,274
- Compensation of officers, directors and key employees
- $180,711
- Other salaries and wages
- $916,690
- Salaries, compensation and benefits (total)
- $1,306,357
- Professional fundraising fees
- $1,838
- Accounting fees
- $38,030
- Occupancy
- $58,490
- Travel
- $22,510
- Depreciation
- $73,932
- Program services (functional)
- $2,672,744
- Management and general (functional)
- $304,968
- Fundraising (functional)
- $86,349
Balance sheet and other
- Total assets, start of year
- $2,518,207
- Total assets, end of year
- $3,842,282
- Total liabilities, end of year
- $4,298,561
- Net assets, end of year
- -$456,279
- Land, buildings and equipment
- $1,953,348
- Net assets without donor restrictions
- -$729,920
- Net assets with donor restrictions
- $273,641
- Gross receipts
- $2,868,836
- Employees
- 28
- Volunteers
- 34
- Year formed
- 2014
- State of legal domicile
- RI
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUCA CARNEVALE | EXECUTIVE DIRECTOR Officer | 40 | $103,217 | $5,220 |
| LISA RAIOLA MPH | PRESIDENT & CHAIR Trustee or director, Officer | 2 | $46,042 | $1,935 |
| LISA BERGERON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| INNA WALKER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LANRE AJAKAIYE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KYLE ADAMONIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENNETH BANALEWICZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM BIGELOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TINO CHOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL GOLDBERG ESQ | DIRECTOR (THRU FEB 2025) Trustee or director | 1 | $0 | $0 |
| ROSAMOND LU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAUREEN MALONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE ADAMONIS | SHRM-CP PHR Trustee or director | 2 | $0 |
| LANRE AJAKAIYE | SECRETARY Trustee or director | 2 | $0 |
| KEN BANALEWICSZ | DIRECTOR Trustee or director | 1 | $0 |
| LISA BERGERON | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| WILLIAM BIGELOW | DIRECTOR Trustee or director | 1 | $0 |
| TINO CHOW | DIRECTOR Trustee or director | 1 | $0 |
| ROSAMOND LU | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GOLDBERG ESQ M | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN MALONEY | DIRECTOR Trustee or director | 1 | $0 |
| LISA RAIOLA | CHAIR Trustee or director, Officer | 2 | $0 |
| INNA WALKER | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE ADAMONIS | SHRM-CP PHR Trustee or director | 2 | $0 |
| MELBA DEPENA AFFIGNE | DIRECTOR Trustee or director | 1 | $0 |
| LANRE AJAKAIYE | DIRECTOR Trustee or director | 1 | $0 |
| ELLEN ALMEIDA | TREASURER Trustee or director, Officer | 2 | $0 |
| KEN BANALEWICSZ | DIRECTOR Trustee or director | 1 | $0 |
| LISA BERGERON | SECRETARY Trustee or director, Officer | 2 | $0 |
| WILLIAM BIGELOW | DIRECTOR Trustee or director | 1 | $0 |
| TINO CHOW | DIRECTOR Trustee or director | 1 | $0 |
| TONY FONSECA | DIRECTOR Trustee or director | 1 | $0 |
| ROSAMOND LU | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GOLDBERG ESQ M | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN MALONEY | DIRECTOR Trustee or director | 1 | $0 |
| LORI PIVARNIK PHD | DIRECTOR Trustee or director | 1 | $0 |
| LISA RAIOLA | PRESIDENT Trustee or director, Officer | 2 | $0 |
| INNA WALKER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 691 MAIN ST, WARREN, RI 02885-4318
- In care of
- % MARILYN MATHISON
- Mailing address (990-N for 2013)
- 691 Main St, Warren RI 02885
- Principal officer (990 for 2024)
- LISA RAIOLA, 691 MAIN STREET, WARREN, RI 02885
- Principal officer (990-N for 2013)
- Lisa Raiola, 39 High St, Bristol RI 02885
- Signed the 990
- LISA RAIOLA, CHAIR
- Phone
- (401) 245-7500
- Website
- Makefoodyourbusiness.org
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO HELP LOCAL ENTREPRENEURS JUMP-START EARLY-STAGE FOOD COMPANIES AND FOOD RELATED BUSINESSES BY PROVIDING LOW COST, LOW RISK ACCESS TO SHARED-USE COMMERCIAL KITCHENS AND OTHER INDUSTRY-SPECIFIC TECHNICAL RESOURCES.
Program accomplishments
- THE ORGANIZATION'S FOCUS IS ON SUPPORTING AND ADVANCING FOOD ENTREPRENEURS THROUGH BUSINESS DEVELOPMENT RESOURCES, COMMERCIAL KITCHEN ACCESS, EDUCATION, MENTORSHIP, AND COMMUNITY PARTNERSHIPS DESIGNED TO STRENGTHEN LOCAL FOOD SYSTEMS. THE PROGRAM IS INTENDED TO PROMOTE EQUITABLE ECONOMIC OPPORTUNITY BY HELPING EMERGING FOOD BUSINESSES LAUNCH, GROW, AND SUSTAIN OPERATIONS WHILE INCREASING ACCESS TO LOCALLY PRODUCED FOOD AND FOSTERING COMMUNITY ECONOMIC DEVELOPMENT. THE ORGANIZATION ALSO SERVES AS AN ADVOCATE AND RESOURCE HUB FOR SMALL FOOD BUSINESS OWNERS BY PROVIDING TRAINING, NETWORKING OPPORTUNITIES, AND OPERATIONAL SUPPORT TO ENTREPRENEURS IN THE FOOD INDUSTRY.Expenses $2,672,744 · grants $692,274 · revenue $1,005,273
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2917974
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $3,842,282
- Income (IRS master file)
- $2,868,836
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- August 11, 2014
- Reinstated
- Effective December 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,864,515 | $3,064,061 | $3,842,282 | IRS |
| 990 | June 2024 | $1,858,043 | $1,997,698 | $2,877,570 | IRS |
| 990 | June 2023 | $1,653,386 | $1,611,836 | $2,480,495 | XML |
| 990 | June 2022 | $1,208,253 | $1,267,540 | $2,526,610 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Lisa Raiola | June 30, 2014 | ≤ $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 27-2917974).
Questions about HOPE & MAIN
- What is the EIN of HOPE & MAIN?
- The employer identification number (EIN) of HOPE & MAIN is 27-2917974.
- Is HOPE & MAIN tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective December 15, 2013.
- Are donations to HOPE & MAIN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE & MAIN 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 & MAIN 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 HOPE & MAIN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOPE & MAIN?
- The 990 for the year ended June 30, 2025 names LISA RAIOLA.
- Who are the officers and directors of HOPE & MAIN?
- The 990 for the year ended June 30, 2025 lists 12 people; 2 received compensation from the organization, the highest $103,217 (LUCA CARNEVALE, EXECUTIVE DIRECTOR).
- How much revenue does HOPE & MAIN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,864,515, expenses of $3,064,061 and total assets of $3,842,282 at year end.
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