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Nonprofit · EIN 73-1590025

HOPE FOUNDATION FOR ASPIRING YOUTH

Also known as VICTORY GYMNASTICS

Tax-exempt · NORMAN, OK 73069

Financials

$922K$672K2023$970K$782K2024
Revenue Expenses · by fiscal year end
Financials of HOPE FOUNDATION FOR ASPIRING YOUTH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$970,376$781,568$188,808$2,004,037$18,545$1,985,492
December 31, 2023990$921,862$672,322$249,540$696,788$2,582$694,206
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$68,393
Program service revenue
$826,133
Investment income
$75,850
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$108,445
Compensation of officers, directors and key employees
$72,126
Other salaries and wages
$91,072
Salaries, compensation and benefits (total)
$176,911
Professional fundraising fees
$0
Accounting fees
$4,085
Occupancy
$150,711
Travel
$11,574
Depreciation
$3,828
Program services (functional)
$647,811
Management and general (functional)
$133,757

Balance sheet and other

Total assets, start of year
$1,813,773
Total assets, end of year
$2,004,037
Total liabilities, end of year
$18,545
Net assets, end of year
$1,985,492
Land, buildings and equipment
$363,218
Net assets without donor restrictions
$1,985,492
Gross receipts
$970,376
Employees
0
Year formed
2000
State of legal domicile
OK

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
DOUG BELDONDIRECTOR
Trustee or director, Officer
40$38,731
ALLYSON RENEAUDIRECTOR
Trustee or director, Officer
40$33,395
JOSHUA MEANSDIRECTOR
Trustee or director, Officer
3$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
ALLYSON RENEAUDIRECTOR
Trustee or director, Officer, Key employee, Highest-paid employee
40$39,428
DOUG BELDONDIRECTOR
Trustee or director, Officer, Key employee
40$33,235
JOSHUA MEANSDIRECTOR
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
5721 HUETTNER CT, NORMAN, OK 73069-9512
In care of
% ALLYSON RENEAU
Principal officer (990 for 2024)
ALLYSON RENEAU, 4612 LAS COLINAS LN, Norman, OK 73072
Signed the 990
ALLYSON RENEAU, DIRECTOR
Phone
(405) 632-0800
Return prepared by
JJ Woodie CPA

Mission

THE ORGANIZATION OFFERS A NUMBER OF PROGRAMS THAT BENEFIT THE COMMUNITY, STATE, NATION AND WORLD, INCLUDING A GYMNASTICS PROGRAM. SCHOLARSHIPS ARE AVAILABLE TO THOSE WHO NEED ASSISTANCE WITH THE COST OF THEIR ACADEMIC, ATHLETIC, OR ARTISTIC ENDEAVORS.

990 for the year ended December 31, 2024

Program accomplishments

  • GYMNASTICS PROGRAM
    Expenses $647,811 · grants $108,445 · revenue $823,421
  • Proshop
    revenue $2,712

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

IRS record

EIN
73-1590025
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,004,037
Income (IRS master file)
$970,376

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$970,376$781,568$2,004,037XML
990December 2023$921,862$672,322$696,788XML
990December 2022$902,049$686,943$447,227IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 73-1590025).

Questions about HOPE FOUNDATION FOR ASPIRING YOUTH

What is the EIN of HOPE FOUNDATION FOR ASPIRING YOUTH?
The employer identification number (EIN) of HOPE FOUNDATION FOR ASPIRING YOUTH is 73-1590025.
Is HOPE FOUNDATION FOR ASPIRING YOUTH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to HOPE FOUNDATION FOR ASPIRING YOUTH tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOPE FOUNDATION FOR ASPIRING YOUTH 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 HOPE FOUNDATION FOR ASPIRING YOUTH 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 HOPE FOUNDATION FOR ASPIRING YOUTH 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 HOPE FOUNDATION FOR ASPIRING YOUTH?
The 990 for the year ended December 31, 2024 names ALLYSON RENEAU.
Who are the officers and directors of HOPE FOUNDATION FOR ASPIRING YOUTH?
The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $38,731 (DOUG BELDON, DIRECTOR).
How much revenue does HOPE FOUNDATION FOR ASPIRING YOUTH have?
On its 990 for the year ended December 31, 2024 it reported revenue of $970,376, expenses of $781,568 and total assets of $2,004,037 at year end.

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