Nonprofit · EIN 27-4385101
REASONS FOR HOPE
Tax-exempt · HEBRON, KY 41048
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,806,700 | $1,344,390 | $462,310 | $1,148,210 | $1,110,457 | $37,753 |
| December 31, 2023 | 990 | $1,186,331 | $1,369,115 | -$182,784 | $1,394,988 | $1,124,146 | $270,842 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $768,547
- Program service revenue
- $331,962
- Investment income
- $662,399
- Net gain from sales of assets
- $653,686
- Net income from sales of inventory
- $43,792
- Other revenue
- $43,792
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $81,153
- Other salaries and wages
- $343,139
- Salaries, compensation and benefits (total)
- $628,873
- Professional fundraising fees
- $0
- Legal fees
- $8,075
- Accounting fees
- $2,200
- Travel
- $82,739
- Program services (functional)
- $1,129,093
- Management and general (functional)
- $215,297
Balance sheet and other
- Total assets, start of year
- $1,394,988
- Total assets, end of year
- $1,148,210
- Total liabilities, end of year
- $1,110,457
- Net assets, end of year
- $37,753
- Land, buildings and equipment
- $540,000
- Publicly traded securities
- $1,554
- Gross receipts
- $1,806,700
- Employees
- 12
- Year formed
- 2010
- State of legal domicile
- KY
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 |
|---|---|---|---|
| WADE WACKER | CEO Trustee or director, Officer | 30 | $43,200 |
| CARL KERBY | President Trustee or director, Officer | 60 | $37,953 |
| PAUL GRACEY | Director Trustee or director, Officer | 0 | $0 |
| RANDY BAKER | Director Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WADE WACKER | CEO Trustee or director, Officer | 30 | $43,100 |
| CARL KERBY | President Trustee or director, Officer | 60 | $38,053 |
| PAUL GRACEY | Director Trustee or director, Officer | 0 | $0 |
| RANDY BAKER | Director Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2167 LUMBERJACK DR, HEBRON, KY 41048-7929
- In care of
- % REASONS FOR HOPE
- Signed the 990
- WADE WACKER, CFO
- Phone
- (507) 847-3886
- Website
- http://www.rforh.com/
- Return prepared by
- Raak & Associates Inc
Mission
Reasons for Hope exists to direct people to the biblical Jesus by offering HOPE!H: Helping Christians share the Gospel of Jesus Christ.O: Offsetting secular thinking with biblical truth.P: Providing resources that give biblical answers to real-world questions.E: Encouraging the church to rely on God's Word as the foundation of their thoughts, their words and their actions.
Program accomplishments
- SPEAKING IS THE MAIN FOCUS OF OUR MINISTRY. WE HAVE 4 SPEAKERS THAT TRAVEL AROUND THE WORLD TO TALK ABOUT OUR MISSION STATEMENT. MOST OF THE TRAVEL TAKES PLACE IN THE UNITED STATES.Expenses $730,589
- EQUIP CAMPS. OUR MINISTRY PUTS ON CAMPS FOR THE AGE GROUPS 12-18. EACH CAMP IS 5 DAYS LONG AND ARE STAY OVER CAMPS. THESE CAMPS ARE HELD AROUND THE UNITED STATES. THE NUMBER OF CAMPERS RANGE FROM 50-125 WITH 6 HOURS OF TEACHING AND 2 HOURS OF ACTIVITIES.Expenses $265,669
- VIDEO CONTENT AND SOCIAL MEDIA. OUR MINISTRY CREATES VIDEO FOR PRESENTATIONS, SOCIAL MEDIA AS WELL AS FOR ONLINE STREAMING PLATFORMS, PODCASTS, AND TELEVISION NETWORKS.Expenses $132,835
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
- 27-4385101
- 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
- Assets (IRS master file)
- $1,148,210
- Income (IRS master file)
- $1,806,700
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,806,700 | $1,344,390 | $1,148,210 | IRS |
| 990 | December 2023 | $1,186,331 | $1,369,115 | $1,394,988 | XML |
| 990 | December 2022 | $1,779,289 | $1,305,211 | $1,676,373 | 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 27-4385101).
Questions about REASONS FOR HOPE
- What is the EIN of REASONS FOR HOPE?
- The employer identification number (EIN) of REASONS FOR HOPE is 27-4385101.
- Is REASONS FOR HOPE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to REASONS FOR HOPE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REASONS FOR HOPE 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 REASONS FOR HOPE 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 REASONS FOR HOPE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of REASONS FOR HOPE?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $43,200 (WADE WACKER, CEO).
- How much revenue does REASONS FOR HOPE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,806,700, expenses of $1,344,390 and total assets of $1,148,210 at year end.
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