Nonprofit · EIN 81-3507806
HOPE ASCENDING INC
Tax-exempt · ROCKPORT, MA 01966
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $81,521 | $38,791 | $42,730 | $57,497 | – | $57,497 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $81,521
Expenses
- Grants and similar amounts paid
- $35,848
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $2,943
Balance sheet and other
- Total assets, start of year
- $14,767
- Total assets, end of year
- $57,497
- Total liabilities, end of year
- –
- Net assets, end of year
- $57,497
- Cash, savings and investments
- $57,497
- Gross receipts
- $81,521
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARL OULTON | PRESIDENT | 3 | $0 |
| JULIE OULTON | TREASURER | 3 | $0 |
| GERMAN DISLA | DIRECTOR | 1 | $0 |
| MICHAEL MITCHELL | DIRECTOR | 1 | $0 |
| CHRISTINE TRAVERS | CLERK | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 165 MAIN ST, ROCKPORT, MA 01966-2027
- Mailing address (990-N for 2025)
- 165 Main Street, Rockport MA 01966
- Principal officer (990-N for 2025)
- Carl Oulton, 165 Main Street, Rockport MA 01966
- Signed the 990-EZ
- CARL OULTON, PRESIDENT
- Website
- WWW.HOPEASCENDING.ORG
- Return prepared by
- PHILPOTT DOYLE & CO PC
Mission
EDUCATIONAL ECONOMIC AID TO POOR COMMUNITIES
Program accomplishments
- FOCUS ON TRANSFOMATION OF POOR COMMUNITIES BY ESTABLISHING EDUCATION NETWORKS AND INCREASE THE ECONOMIC STANDING OF MARGINALIZED POPULATIONS THROUGH JOB TRANING AND DEVELOPMENT
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 81-3507806
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P80)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Carl Oulton | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $81,521 | $38,791 | $57,497 | XML |
| 990-N for 2023 Officer: Carl Oulton | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Carl Oulton | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Carl Oulton | December 31, 2019 | ≤ $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 81-3507806).
Questions about HOPE ASCENDING INC
- What is the EIN of HOPE ASCENDING INC?
- The employer identification number (EIN) of HOPE ASCENDING INC is 81-3507806.
- Is HOPE ASCENDING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to HOPE ASCENDING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE ASCENDING INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HOPE ASCENDING INC 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 HOPE ASCENDING INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of HOPE ASCENDING INC?
- The 990-N for 2025 names Carl Oulton.
- Who are the officers and directors of HOPE ASCENDING INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does HOPE ASCENDING INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $81,521, expenses of $38,791 and total assets of $57,497 at year end.
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