Nonprofit · EIN 46-2491772
THE SOURCE OF HOPE
Tax-exempt · PLANO, TX 75075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $75,901 | $79,090 | -$3,189 | $65,918 | $20,388 | $45,530 |
| December 31, 2024 | 990-EZ | $47,553 | $65,775 | -$18,222 | $62,104 | $13,384 | $48,720 |
| December 31, 2023 | 990-EZ | $79,802 | $61,815 | $17,987 | $73,787 | $6,845 | $66,942 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,103
- Program service revenue
- $69,798
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $17,093
- Occupancy
- $15,076
- Other expenses
- $46,921
- Program services (functional)
- $77,804
Balance sheet and other
- Total assets, start of year
- $62,103
- Total assets, end of year
- $65,918
- Total liabilities, end of year
- $20,388
- Net assets, end of year
- $45,530
- Cash, savings and investments
- $23,898
- Land and buildings
- $39,000
- Gross receipts
- $75,901
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAU STONE | PRESIDENT | 60 | $0 |
| WESLEY STONE | DIRECTOR/CFO | 25 | $0 |
| HOLLY TRUONG | TREASURER | 5 | $0 |
| CLARA MONTENEGRO | SECRETARY | 10 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAU STONE | PRESIDENT | 40 | $0 |
| WESLEY STONE | DIRECTOR/CFO | 20 | $0 |
| JULI KNOX | TREASURER | 5 | $0 |
| CLARA MONTENEGRO | SECRETARY | 5 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAU STONE | PRESIDENT | 0 | $0 |
| WESLEY STONE | DIRECTOR/CFO | 0 | $0 |
| AMANDA CHIN | DIRECTOR | 0 | $0 |
| RACHEL CHIN | TREASURER | 0 | $0 |
| CLARA MONTENEGRO | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1108 W PARKER RD STE 102, PLANO, TX 75075-2245
- In care of
- % CHAU STONE
- Mailing address (990-N for 2016)
- 6308 TEAL CT, PLANO TX 75024
- Principal officer (990-N for 2016)
- CHAU STONE, 6308 TEAL CT, PLANO TX 75024
- Signed the 990-EZ
- CHAU STONE, PRESIDENT
- Phone
- (972) 473-7767
- Website
- WWW.THESHOURCEOFHOPE.ORG
- Return prepared by
- M J CHAU & ASSOCIATES PLLC
Mission
THE SOURCE OF HOPE EMPWERS LOW INCOME COSMETOLOGY STUDENTS BY PROVIDING ASSISTANCE THROUGH EDUCATIONAL PROGRAM, GRANTS,SCHOLARSHIPS, IN ADDITION WE PROVIDE SERVICES
Program accomplishments
- SHARING HOPE: WORK WITH OTHER ORGANIZATIONS AND HELP PROVIDE NECESSITIES AND RESOURCES SUCH AS FOOD, CLOTHING, SANITARY ITEMS, AND MORE TO PEOPLE IN NEED. WE WORK WITH OTHER ORGANIZATIONS TO HELP PROVIDE MORE HELP TO A WIDER AND BROADER REACH.Expenses $38,290
- SERVING HOPE: COOK AND SERVE MEALS TO INDIVIDUALS IN NEED SUCH AS AT-RISK FAMILIES, SENIOR VETERANS, FIRST RESPONDERS, AND THE LOCAL HOMELESS COMMUNITYExpenses $23,161
- BEAUTY OF EDUCATION:PROVIDE EDUCATION, JOB OPPORTUNITIES, AND MONETARY ASSISTANCE TO ASPIRING STUDENTS AND PEOPLE INTERESTED IN WORKING IN THE COSMETOLOGY FIELDExpenses $16,353
- BEAUTY FOR HOPE AND ORGANIZATIONAL OPERATING EXPENSES
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-2491772
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $65,918
- Income (IRS master file)
- $75,901
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $75,901 | $79,090 | $65,918 | XML |
| 990-EZ | December 2024 | $47,553 | $65,775 | $62,104 | XML |
| 990-EZ | December 2023 | $79,802 | $61,815 | $73,787 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: CHAU STONE | December 31, 2016 | ≤ $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 46-2491772).
Questions about THE SOURCE OF HOPE
- What is the EIN of THE SOURCE OF HOPE?
- The employer identification number (EIN) of THE SOURCE OF HOPE is 46-2491772.
- Is THE SOURCE OF HOPE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE SOURCE OF HOPE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SOURCE OF 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 THE SOURCE OF HOPE 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 THE SOURCE OF HOPE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of THE SOURCE OF HOPE?
- The 990-N for 2016 names CHAU STONE.
- Who are the officers and directors of THE SOURCE OF HOPE?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE SOURCE OF HOPE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $75,901, expenses of $79,090 and total assets of $65,918 at year end.
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