Nonprofit · EIN 42-1395902
NEW HOPE FOUNDATION
Tax-exempt · MUSCATINE, IA 52761
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $963,900 | $1,225,144 | -$261,244 | $28,260,577 | $19,301 | $28,241,276 |
| December 31, 2024 | 990-PF | $1,323,091 | $1,222,632 | $100,459 | $25,506,720 | $22,271 | $25,484,449 |
| December 31, 2023 | 990-PF | $1,059,117 | $1,173,477 | -$114,360 | $24,116,098 | $1,427 | $24,114,671 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $562,818
- Interest
- $70,652
- Net rental income
- $97,907
- Net gain from sales of assets
- $216,704
- Other income
- -$8,632
Expenses
- Grants and similar amounts paid
- $518,500
- Compensation of officers, directors and key employees
- $199,146
- Salaries, compensation and benefits (total)
- $178,915
- Disbursements for charitable purposes
- $1,088,097
- Excise tax on investment income
- $11,839
Balance sheet and other
- Total assets, start of year
- $25,506,720
- Total assets, end of year
- $28,260,577
- Total liabilities, end of year
- $19,301
- Net assets, end of year
- $28,241,276
- Fair market value of assets
- $28,799,478
- Qualifying distributions
- $1,088,097
- Net investment income
- $963,900
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA S WELLS 2610 PARK AVE, MUSCATINE, IA 52761 | PRESIDENT | 40 | $203,752 | $8,000 |
| VICTOR MENDOZA 2610 PARK AVE, MUSCATINE, IA 52761 | EMPLOYEE Highest-paid employee | 40 | $77,507 | $8,000 |
| ANDREW EMMERT 2610 PARK AVE, MUSCATINE, IA 52761 | EMPLOYEE Highest-paid employee | 32 | $65,536 | $8,000 |
| CHRISTOPHER S INGSTAD 2610 PARK AVE, MUSCATINE, IA 52761 | TREASURER | 1 | $0 | $0 |
| CHARLENE KNUTSEN 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| HARRY L KNUTSEN 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| ROBERT H SOLT 2610 PARK AVE, MUSCATINE, IA 52761 | CHAIRMAN | 5 | $0 | $0 |
| DANA D SOLT 2610 PARK AVE, MUSCATINE, IA 52761 | VICE CHAIRMAN & SECRETARY | 1 | $0 | $0 |
| C DIANE NORTON 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| THOMAS K NORTON 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| MARILYN S VOORHEES 2610 PARK AVE, MUSCATINE, IA 52761 | VICE PRESIDENT | 1 | $0 | $0 |
| RICHARD R PHILLIPS 2610 PARK AVE, MUSCATINE, IA 52761 | ASST. TREASURER | 5 | $0 | $0 |
| PETER VOORHEES 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA S WELLS 2610 PARK AVE, MUSCATINE, IA 52761 | PRESIDENT | 40 | $197,730 | $8,000 |
| VICTOR MENDOZA 2610 PARK AVE, MUSCATINE, IA 52761 | EMPLOYEE Highest-paid employee | 40 | $77,163 | $8,000 |
| ANDREW EMMERT 2610 PARK AVE, MUSCATINE, IA 52761 | EMPLOYEE Highest-paid employee | 32 | $63,595 | $8,000 |
| CHRISTOPHER S INGSTAD 2610 PARK AVE, MUSCATINE, IA 52761 | TREASURER | 1 | $0 | $0 |
| CHARLENE KNUTSEN 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| HARRY L KNUTSEN 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| ROBERT H SOLT 2610 PARK AVE, MUSCATINE, IA 52761 | CHAIRMAN | 5 | $0 | $0 |
| DANA D SOLT 2610 PARK AVE, MUSCATINE, IA 52761 | VICE CHAIRMAN & SECRETARY | 1 | $0 | $0 |
| C DIANE NORTON 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| THOMAS K NORTON 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| MARILYN S VOORHEES 2610 PARK AVE, MUSCATINE, IA 52761 | VICE PRESIDENT | 1 | $0 | $0 |
| RICHARD R PHILLIPS 2610 PARK AVE, MUSCATINE, IA 52761 | ASST. TREASURER | 5 | $0 | $0 |
| PETER VOORHEES 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA S WELLS 2610 PARK AVE, MUSCATINE, IA 52761 | PRESIDENT | 40 | $190,195 | $8,000 |
| VICTOR MENDOZA 2610 PARK AVE, MUSCATINE, IA 52761 | EMPLOYEE Highest-paid employee | 40 | $74,189 | $8,000 |
| ANDREW EMMERT 2610 PARK AVE, MUSCATINE, IA 52761 | EMPLOYEE Highest-paid employee | 32 | $61,247 | $8,000 |
| CHRISTOPHER S INGSTAD 2610 PARK AVE, MUSCATINE, IA 52761 | TREASURER | 5 | $0 | $0 |
| CHARLENE KNUTSEN 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| HARRY L KNUTSEN 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| ROBERT H SOLT 2610 PARK AVE, MUSCATINE, IA 52761 | CHAIRMAN | 5 | $0 | $0 |
| DANA D SOLT 2610 PARK AVE, MUSCATINE, IA 52761 | VICE CHAIRMAN & SECRETARY | 1 | $0 | $0 |
| C DIANE NORTON 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| THOMAS K NORTON 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
| MARILYN S VOORHEES 2610 PARK AVE, MUSCATINE, IA 52761 | VICE PRESIDENT | 1 | $0 | $0 |
| RICHARD R PHILLIPS 2610 PARK AVE, MUSCATINE, IA 52761 | ASST. TREASURER | 5 | $0 | $0 |
| PETER VOORHEES 2610 PARK AVE, MUSCATINE, IA 52761 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2610 PARK AVE, MUSCATINE, IA 52761-5639
- Signed the 990-PF
- ROBERT H SOLT, CHAIRMAN
- Phone
- (563) 288-3599
- Return prepared by
- CREATIVE PLANNING TAX LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1395902
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $28,260,577
- Income (IRS master file)
- $963,900
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $963,900 | $1,225,144 | $28,260,577 | IRS |
| 990-PF | December 2024 | $1,323,091 | $1,222,632 | $25,506,720 | IRS |
| 990-PF | December 2023 | $1,059,117 | $1,173,477 | $24,116,098 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 42-1395902).
Questions about NEW HOPE FOUNDATION
- What is the EIN of NEW HOPE FOUNDATION?
- The employer identification number (EIN) of NEW HOPE FOUNDATION is 42-1395902.
- Is NEW HOPE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to NEW HOPE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NEW HOPE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEW HOPE FOUNDATION 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 NEW HOPE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of NEW HOPE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 13 people; 3 received compensation from the organization, the highest $203,752 (ANDREA S WELLS, PRESIDENT).
- How much revenue does NEW HOPE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $963,900, expenses of $1,225,144 and total assets of $28,260,577 at year end.
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