Nonprofit · EIN 81-4389154
HOPE VENTURES INC
Tax-exempt · PASADENA, CA 91101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,685 | $286,076 | -$69,391 | $109,576 | $11,333 | $98,243 |
| December 31, 2023 | 990 | $264,756 | $260,641 | $4,115 | $172,708 | $5,074 | $167,634 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $168,011
- Program service revenue
- $34,000
- Investment income
- $2,183
- Net income from fundraising events
- $12,491
- Other revenue
- $12,491
Expenses
- Grants and similar amounts paid
- $10,018
- Compensation of officers, directors and key employees
- $137,268
- Other salaries and wages
- $6,919
- Salaries, compensation and benefits (total)
- $156,448
- Professional fundraising fees
- $0
- Accounting fees
- $6,974
- Travel
- $25,320
- Program services (functional)
- $217,993
- Management and general (functional)
- $43,977
- Fundraising (functional)
- $24,106
Balance sheet and other
- Total assets, start of year
- $172,708
- Total assets, end of year
- $109,576
- Total liabilities, end of year
- $11,333
- Net assets, end of year
- $98,243
- Net assets without donor restrictions
- $76,710
- Net assets with donor restrictions
- $21,533
- Gross receipts
- $227,043
- Employees
- 4
- Volunteers
- 30
- Year formed
- 2017
- State of legal domicile
- CA
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 | Other / benefits |
|---|---|---|---|---|
| Mark Edgar-Goeser | President & CEO Trustee or director, Officer | 52 | $75,000 | $0 |
| Heath Hollandsworth | Operations Dir. Officer | 40 | $56,250 | $6,019 |
| Jane Oak | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Jane Somers | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Susan Oak | Director Trustee or director | 0.25 | $0 | $0 |
| Michael Goldstone | Director Trustee or director | 1.5 | $0 | $0 |
| Anthony Barton | Director Trustee or director | 0.5 | $0 | $0 |
| Suzy Weeks | Director Trustee or director | 0.5 | $0 | $0 |
| Janice Tsao | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK EDGAR-GOESER | PRESIDENT & Trustee or director, Officer | 62 | $70,000 |
| HEATH HOLLANDSWORTH | OPERATIONS D Trustee or director | 10 | $32,847 |
| JANE OAK | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ANTHONY BARTON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SUSAN OAK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JANE SOMERS | TREASURER Officer | 0.5 | $0 |
| RUSS CLINE | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 836 SANTA BARBARA ST APT B, PASADENA, CA 91101-1457
- Mailing address (990-N for 2017)
- 836 Santa Barbara Street Apt B, Pasadena CA 91101
- Principal officer (990 for 2024)
- Mark Edgar-Goeser, 836 Santa Barbara Street B, Pasadena, CA 91101
- Principal officer (990-N for 2017)
- Kim Zovak, 639 W Foothill Blvd, Glendora CA 91741
- Signed the 990
- Mark Edgar-Goeser, President & CEO
- Phone
- (626) 678-1980
- Website
- HopeVentures.org
- Return prepared by
- MPK Advisors & CPAs
Mission
We train organizations around the world to raise up thriving businesses in undeserved communities.
Program accomplishments
- Entrepreneurship Training Program(1) Quito Entrepreneur Project Provided continued support for economic development efforts in impoverished communities in Ecuador through a locally led business program and small farming initiatives for 135 participants. Ongoing involvement includes coaching, consulting, and monitoring of impact outcomes.(2) Haiti Entrepreneur Project provide the project director with periodic coaching, consultation, and monitor a virtual business program serving communities in Port-au-Prince. The activities have been minimized due to civil unrest and gang violence in the area, but maintains a connection with over 20 entrepreneurs. (3) Malawi Entrepreneur Project Facilitated business training for 40 entrepreneurs at the Hope Business Hub. Launched a formal Business Association and implemented structured coaching for entrepreneur growth and collaboration.(4) Manila Entrepreneur Project Launched a business incubator program in partnership with local leaders to serve entrepreneurs in vulnerable communities. The pilot cohort includes 18 entrepreneurs and 12 mentors receiving tailored training and support.(5) Zimbabwe Entrepreneur Project Provided ongoing support for Business Savings Groups to equip underserved entrepreneurs with training, mentoring, and access to capital in collaboration with local partners. 40 people were enrolled in the program by the end of 2024.(6) Sierra Leone Entrepreneur Project Helped launch a foundational entrepreneur training program in Freetown in partnership with a local organization, equipping 25 aspiring entrepreneurs with the tools to start and grow businesses.(7) South LA Entrepreneur Project Previously supported a business incubator serving underserved communities in South Los Angeles through a local partner. No direct involvement during this reporting period; the program operates independently.Expenses $217,993 · grants $10,018 · revenue $34,000
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
- 81-4389154
- 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)
- Human services (P11)
- Assets (IRS master file)
- $109,576
- Income (IRS master file)
- $227,043
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $264,756 | $260,641 | $172,708 | IRS |
| 990 | December 2022 | $248,957 | $161,850 | $170,040 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | March 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: Kim Zovak | March 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about HOPE VENTURES INC
- What is the EIN of HOPE VENTURES INC?
- The employer identification number (EIN) of HOPE VENTURES INC is 81-4389154.
- Is HOPE VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to HOPE VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE VENTURES 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 VENTURES 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 VENTURES 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 VENTURES INC?
- The 990 for the year ended December 31, 2024 names Mark Edgar-Goeser.
- Who are the officers and directors of HOPE VENTURES INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $75,000 (Mark Edgar-Goeser, President & CEO).
- How much revenue does HOPE VENTURES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $216,685, expenses of $286,076 and total assets of $109,576 at year end.
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