Nonprofit · EIN 27-3984784
NEW HOPE INITIATIVE INC
Tax-exempt · KINGWOOD, TX 77325
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,171,092 | $1,175,332 | -$4,240 | $139,927 | $64 | $139,863 |
| December 31, 2023 | 990 | $1,224,993 | $1,591,289 | -$366,296 | $144,167 | $64 | $144,103 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,122,762
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $48,330
Expenses
- Grants and similar amounts paid
- $937,513
- Compensation of officers, directors and key employees
- $66,000
- Other salaries and wages
- $79,596
- Salaries, compensation and benefits (total)
- $182,992
- Professional fundraising fees
- $0
- Legal fees
- $5
- Accounting fees
- $10,041
- Travel
- $15,160
- Program services (functional)
- $1,156,641
- Management and general (functional)
- $18,691
Balance sheet and other
- Total assets, start of year
- $144,167
- Total assets, end of year
- $139,927
- Total liabilities, end of year
- $64
- Net assets, end of year
- $139,863
- Gross receipts
- $1,171,092
- Employees
- 4
- Volunteers
- 100
- Year formed
- 2010
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Sandy Baird | Exec Director Trustee or director | 30 | $66,000 |
| David Belk | Board Member Trustee or director | 15 | $29,552 |
| James Wagstaff | Chair Trustee or director | 15 | $29,552 |
| Karen Baird | Exec Board Trustee or director | 12 | $0 |
| Tom Maine | Vice Chair Trustee or director | 6 | $0 |
| Luke Bondy | Treasurer Trustee or director | 6 | $0 |
| Cheryl Wood | Secretary Trustee or director | 2 | $0 |
| Logan Ashcraft | Board Member Trustee or director | 1 | $0 |
| Kelsey Baird | Board member Trustee or director | 5 | $0 |
| Dr Robert Byemba | Board Member Trustee or director | 1 | $0 |
| Kristin Cope | Board member Trustee or director | 1 | $0 |
| Christi Davis | Board Member Trustee or director | 1 | $0 |
| Susan Griffin | Board Member Trustee or director | 1 | $0 |
| Gerard Monsivaiz | Board Member Trustee or director | 1 | $0 |
| TJ Walter | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sandy Baird | Exec Director Trustee or director | 30 | $66,000 |
| David Belk | Board Member Trustee or director | 15 | $24,472 |
| James Wagstaff | Chair Trustee or director | 15 | $24,472 |
| Karen Baird | Exec Board Trustee or director | 12 | $0 |
| Tom Maine | Vice Chair Trustee or director | 6 | $0 |
| Luke Bondy | Treasurer Trustee or director | 6 | $0 |
| Cheryl Wood | Secretary Trustee or director | 2 | $0 |
| Logan Ashcraft | Board Member Trustee or director | 1 | $0 |
| Kelsey Baird | Board member Trustee or director | 5 | $0 |
| Dr Robert Byemba | Board Member Trustee or director | 1 | $0 |
| Kristin Cope | Board member Trustee or director | 1 | $0 |
| Christi Davis | Board Member Trustee or director | 1 | $0 |
| Susan Griffin | Board Member Trustee or director | 1 | $0 |
| Gerard Monsivaiz | Board Member Trustee or director | 1 | $0 |
| TJ Walter | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5071, KINGWOOD, TX 77325-5071
- In care of
- % SANDY BAIRD
- Principal officer (990 for 2024)
- New Hope Initiative Inc, PO Box 5071, Kingwood, TX 77325
- Signed the 990
- Luke Bondy, Treasurer
- Phone
- (281) 414-2059
- Website
- newhopeinitiative.org
Mission
As a Christian ministry, establish feeding centers, schools, medical clinics and orphanages in various foreign countries to provide food, education, and medical support to indigent children and their families.
Program accomplishments
- Kibera Slum in Nairobi, Kenya. NHI provides funds to: 1. New Hope Academy: NHI grants cover the entire operating cost of a full scholarship academy (400+ students pre-K thru grade 8) including facilities, teachers, staff, supplies, and two meals / day for the students 2. Penda Project: NHI grants cover secondary school scholarships for 160+ students graduating from New Hope Academy to go to area high schools and another 20+ students to go to university 3. New Hope Clinic: NHI grants cover the cost of basic medical services to student and their families via a registered nurse 4. Project Biashara: NHI grants cover job training and micro-business loans for ~30 single mothers to produce and sell goodsExpenses $719,856 · grants $596,258 · revenue $48,330
- Olorien Community Clinic in Arusha, Tanzania. NHI provides funds for a full service medical facility seeing 200+ patients per day. NHI grants cover the cost of staff (3 doctors; 24 staff), facilities, and equipment (lab, x-ray, ultrasound, minor operating room) Arusha Academy: We offer monthly support to enable indigent local students to attend this private fee based schoolExpenses $179,407 · grants $140,110
- Orphanage - Moribatown, Sierra Leone. NHI provides funds to care for 70+ children, many with special needs; costs include food, clothing, medical care, education, and the cost of staff / facilitiesExpenses $144,169 · grants $112,733
- Additional projects: Nicaragua, India, NepalExpenses $113,209 · grants $88,412
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
- 27-3984784
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $139,927
- Income (IRS master file)
- $1,171,092
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,171,092 | $1,175,332 | $139,927 | IRS |
| 990 | December 2023 | $1,224,993 | $1,591,289 | $144,167 | XML |
| 990 | December 2022 | $1,106,496 | $1,175,325 | $512,523 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 27-3984784).
Questions about NEW HOPE INITIATIVE INC
- What is the EIN of NEW HOPE INITIATIVE INC?
- The employer identification number (EIN) of NEW HOPE INITIATIVE INC is 27-3984784.
- Is NEW HOPE INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to NEW HOPE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HOPE INITIATIVE 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 NEW HOPE INITIATIVE 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 NEW HOPE INITIATIVE 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 NEW HOPE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names New Hope Initiative Inc.
- Who are the officers and directors of NEW HOPE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 3 received compensation from the organization, the highest $66,000 (Sandy Baird, Exec Director).
- How much revenue does NEW HOPE INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,171,092, expenses of $1,175,332 and total assets of $139,927 at year end.
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