Nonprofit · EIN 81-2681890
HOPE FLOATS FOUNDATION INC
Tax-exempt · SIMSBURY, CT 06070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $745,339 | $596,785 | $148,554 | $569,651 | $0 | $569,651 |
| December 31, 2023 | 990 | $504,083 | $492,460 | $11,623 | $421,097 | $9,496 | $411,601 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $734,658
- Program service revenue
- $0
- Investment income
- $1,229
- Other revenue
- $9,452
Expenses
- Grants and similar amounts paid
- $421,537
- Compensation of officers, directors and key employees
- $100,000
- Salaries, compensation and benefits (total)
- $109,668
- Professional fundraising fees
- $0
- Legal fees
- $5,049
- Accounting fees
- $13,500
- Travel
- $1,921
- Program services (functional)
- $462,465
- Management and general (functional)
- $66,345
- Fundraising (functional)
- $67,975
Balance sheet and other
- Total assets, start of year
- $421,097
- Total assets, end of year
- $569,651
- Total liabilities, end of year
- $0
- Net assets, end of year
- $569,651
- Gross receipts
- $745,339
- Employees
- 1
- Volunteers
- 30
- Year formed
- 2017
- State of legal domicile
- VA
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 |
|---|---|---|---|
| Kristin Mabrouk | Executive Director Key employee, Highest-paid employee | 40 | $100,000 |
| Dave Tonnesen | President Trustee or director, Officer | 2 | $0 |
| Frank Sahlein | Secretary Trustee or director, Officer | 2 | $0 |
| Amanda Beard | Board Member Trustee or director | 0.5 | $0 |
| Janaiha Bennett | Board Member Trustee or director | 0.5 | $0 |
| Christina Judge | Board Member Trustee or director | 1 | $0 |
| Kim Vandenberg | Board Member Trustee or director, Former | 0.5 | $0 |
| Calvin Thomas II | Board Member Trustee or director | 2 | $0 |
| Audrey Brown | Treasurer, Board Member Trustee or director, Officer | 2 | $0 |
| John Kirk | Board Member Former | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kristin Mabrouk | Executive Director Key employee, Highest-paid employee | 40 | $74,231 |
| Jill McHugh | Executive Director Key employee, Former | 20 | $17,783 |
| Dave Tonnesen | President Trustee or director, Officer | 5 | $0 |
| Frank Sahlein | Secretary Trustee or director, Officer | 1 | $0 |
| John Kirk | Treasurer Trustee or director | 0.5 | $0 |
| Amanda Beard | Board Member Trustee or director | 0.5 | $0 |
| Janaiha Bennett | Board Member Trustee or director | 0.5 | $0 |
| Christina Judge | Board Member Trustee or director | 1 | $0 |
| Kim Vandenberg | Board Member Trustee or director | 0.5 | $0 |
| Calvin Thomas II | Board Member Trustee or director | 0.5 | $0 |
| Marquetta Drakes | Board Member Trustee or director, Former | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23, SIMSBURY, CT 06070-0023
- Mailing address (990-N for 2018)
- 14531 Potomac Mills Rd, Woodbridge VA 22192
- Principal officer (990 for 2024)
- Kristin Mabrouk, PO Box 23, Simsbury, CT 06070
- Principal officer (990-N for 2018)
- Christine Bostic, 492 Wingate Rd, Beaumount MS 39423
- Signed the 990
- Kristin Mabrouk, Executive Director
- Phone
- (719) 398-1938
- Website
- www.hopefloats.foundation
Mission
Hope Floats Foundation partners with high quality swim schools to provide swim lesson scholarships for children whose families can not afford to pay. Drowning is a leading cause of death for children, and participation in formal swimming lessons reduces the risk of drowning by 88 percent. Our mission is to make sure that all children have access to learning this essential life skill, and to partner with swim schools to ensure they have the resources to make this happen in their own local communities.
Program accomplishments
- Hope Floats awarded 1,470 children with swim lessons scholarships in 2024, providing a total of 17,640 lessons to children from low-income families or in foster care placement at swim schools in their own community. Hope Floats partnered with more than 150 swim schools across 40 states to build a simple, sustainable way for swim schools to further serve their communities.Expenses $462,465 · grants $421,537 · revenue $745,339
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
- 81-2681890
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $569,651
- Income (IRS master file)
- $745,339
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $745,339 | $596,785 | $569,651 | XML |
| 990 | December 2023 | $504,083 | $492,460 | $421,097 | XML |
| 990 | December 2022 | $387,795 | $346,406 | $400,542 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Christine Bostic | December 31, 2018 | ≤ $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 81-2681890).
Questions about HOPE FLOATS FOUNDATION INC
- What is the EIN of HOPE FLOATS FOUNDATION INC?
- The employer identification number (EIN) of HOPE FLOATS FOUNDATION INC is 81-2681890.
- Is HOPE FLOATS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to HOPE FLOATS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE FLOATS FOUNDATION INC 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 FLOATS FOUNDATION INC 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 FLOATS FOUNDATION INC 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 FLOATS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Kristin Mabrouk.
- Who are the officers and directors of HOPE FLOATS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $100,000 (Kristin Mabrouk, Executive Director).
- How much revenue does HOPE FLOATS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $745,339, expenses of $596,785 and total assets of $569,651 at year end.
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