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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-3777239

THE HOPELESS FOUNDATION

Tax-exempt · VAN NUYS, CA 91406

Financials

$153K$82K2024
Revenue Expenses · by fiscal year end
Financials of THE HOPELESS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$152,592$82,211$70,381$371,198$748$370,450
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$138,782
Program service revenue
$0
Investment income
$13,810
Other revenue
$0

Expenses

Grants and similar amounts paid
$41,173
Compensation of officers, directors and key employees
$0
Other salaries and wages
$29,111
Salaries, compensation and benefits (total)
$30,288
Professional fundraising fees
$0
Legal fees
$1,189
Program services (functional)
$41,173
Management and general (functional)
$41,038

Balance sheet and other

Total assets, start of year
$300,695
Total assets, end of year
$371,198
Total liabilities, end of year
$748
Net assets, end of year
$370,450
Publicly traded securities
$288,256
Gross receipts
$152,592
Employees
0
Year formed
2008
State of legal domicile
CA

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.

NameTitleHours / weekCompensation
Louis D PosenPresident
Trustee or director
2$0
Jo Ann OsterSecretary
Trustee or director
1$0
Ben PosenCFO
Trustee or director
1$0

Address and contacts

Address (IRS master file)
15918 ARMINTA ST, VAN NUYS, CA 91406-1806
In care of
% LOUIS D POSEN
Principal officer (990 for 2024)
Louis D Posen, 15918 Arminta St, Van Nuys, CA 91406
Signed the 990
LOUIS D POSEN, President
Phone
(818) 997-0444
Return prepared by
Wolf and Associates CPA Inc

Mission

The mission of the Foundation is to bridge musicians with their fans through the issues that touch their hearts. The Foundation was created with the realization that music touches the lives of young people in ways directly connected to their passions, identities, and lifestyles becoming part of who they are as human beings. Music transcends our differences, bringing diverse young people into a positive and collaborative communities. Additionally, young people are eager and passionate about critical issues that face their communities and humanity. The Foundations mission is to connect young people through music to organizations and resources where they can make a difference.From health issues (depression, suicide prevention, AIDS) to conservation (global warming, wildlife conservation) to conflict resolution (gang prevention, community centers), just to name a few, young people are inspired by music to get involved and make a positive impact on the world. With the information, tools, an

990 for the year ended December 31, 2024

Program accomplishments

  • Various Charitable Institutions
    Expenses $41,173 · grants $41,173

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for THE HOPELESS FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
38-3777239
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
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$371,198
Income (IRS master file)
$152,592

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$74,979$77,813$300,695IRS
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about THE HOPELESS FOUNDATION

What is the EIN of THE HOPELESS FOUNDATION?
The employer identification number (EIN) of THE HOPELESS FOUNDATION is 38-3777239.
Is THE HOPELESS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to THE HOPELESS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE HOPELESS FOUNDATION 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 THE HOPELESS FOUNDATION 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 THE HOPELESS FOUNDATION 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 THE HOPELESS FOUNDATION?
The 990 for the year ended December 31, 2024 names Louis D Posen.
Who are the officers and directors of THE HOPELESS FOUNDATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does THE HOPELESS FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $152,592, expenses of $82,211 and total assets of $371,198 at year end.

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