Nonprofit · EIN 82-0827951
HOPE INSTITUTE
Tax-exempt · MOUNTAIN BRK, AL 35253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $850,184 | $868,164 | -$17,980 | $693,272 | $313,420 | $379,852 |
| December 31, 2023 | 990 | $772,412 | $946,281 | -$173,869 | $678,182 | $280,350 | $397,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $309,607
- Program service revenue
- $540,557
- Investment income
- $20
- Tax-exempt bond proceeds
- $20
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $339,271
- Salaries, compensation and benefits (total)
- $364,517
- Professional fundraising fees
- $0
- Accounting fees
- $14,913
- Occupancy
- $4,266
- Travel
- $6,740
- Program services (functional)
- $752,953
- Management and general (functional)
- $96,985
- Fundraising (functional)
- $18,226
Balance sheet and other
- Total assets, start of year
- $678,182
- Total assets, end of year
- $693,272
- Total liabilities, end of year
- $313,420
- Net assets, end of year
- $379,852
- Net assets without donor restrictions
- $374,852
- Net assets with donor restrictions
- $5,000
- Gross receipts
- $850,184
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- AL
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 |
|---|---|---|---|
| Drayton Nabers Jr | Chariman Emeritus Trustee or director, Officer | 0.5 | $0 |
| Caroline Novak | Board Member Trustee or director | 0.5 | $0 |
| Cathy Randall | Secretary Trustee or director, Officer | 0.5 | $0 |
| Kevin Walsh | Board Member Trustee or director | 0.5 | $0 |
| Pam Smith | Board Member Trustee or director | 0.5 | $0 |
| Lance Black | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Rob Burton | Chairman Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Drayton Nabers | Chairman Trustee or director, Officer | 5 | $0 |
| Caroline Novak | Board Member Trustee or director | 0.5 | $0 |
| Cathy Randall | Secretary Trustee or director, Officer | 0.5 | $0 |
| Kevin Walsh | Board Member Trustee or director | 0.5 | $0 |
| Pam Smith | Board Member Trustee or director | 0.5 | $0 |
| Lance Black | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Rob Burton | Board Member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 530491, MOUNTAIN BRK, AL 35253-0491
- In care of
- % DRAYTON NABERS JR
- Principal officer (990 for 2024)
- Elizabeth Huntley, PO Box 530491, Mountain Brook, AL 35253
- Signed the 990
- Elizabeth Huntley, President
- Phone
- (205) 901-6323
- Website
- hopeinstitute.org
- Return prepared by
- Kassouf & Co Inc
Mission
The Hope Institute is a 501(c)(3) institution that brings best practices for developing good character in students to K-12 schools in Alabama.
Program accomplishments
- The Hope Leadership Academy is The Hope Institute's flagship initiative to partner with schools to develop students into people of character. Available to K-12 schools in Alabama, the Hope Leadership Academy is designed to inspire transformational change by introducing administrator and educator teams to the process of building a character-focused school culture. This energizing, three-year process lets participants learn from national character education leaders, concentrate on the culture of their school, design character development plans for their school, visit schools with character programs already implemented, and network with other school leaders. This process works for any school in any setting. Through day-long workshops and on-site consulting that helps inform community needs and school demographics, participants apply learned concepts to their school. Because of this, every school involved is implementing new strategies in ways that work for them.Expenses $752,953 · revenue $540,557
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
- 82-0827951
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $693,272
- Income (IRS master file)
- $850,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $850,184 | $868,164 | $693,272 | XML |
| 990 | December 2023 | $772,412 | $946,281 | $678,182 | XML |
| 990 | December 2022 | $892,392 | $912,355 | $606,851 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
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 INSTITUTE
- What is the EIN of HOPE INSTITUTE?
- The employer identification number (EIN) of HOPE INSTITUTE is 82-0827951.
- Is HOPE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to HOPE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE INSTITUTE 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 INSTITUTE 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 INSTITUTE 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 INSTITUTE?
- The 990 for the year ended December 31, 2024 names Elizabeth Huntley.
- Who are the officers and directors of HOPE INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HOPE INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $850,184, expenses of $868,164 and total assets of $693,272 at year end.
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