Nonprofit · EIN 84-4256440
HEARTS 4 PROGRESS INC
Tax-exempt · CHESAPEAKE, VA 23320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $72,287 | $52,748 | $19,539 | $60,309 | – | $60,968 |
| December 31, 2023 | 990-EZ | $69,851 | $52,673 | $17,178 | $41,429 | – | $41,429 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $46,633
- Net income from fundraising events
- $25,654
Expenses
- Grants and similar amounts paid
- $50,950
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $1,798
- Program services (functional)
- $50,000
Balance sheet and other
- Total assets, start of year
- $41,429
- Total assets, end of year
- $60,309
- Total liabilities, end of year
- –
- Net assets, end of year
- $60,968
- Cash, savings and investments
- $55,309
- Gross receipts
- $96,750
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 |
|---|---|---|---|
| Patricia Y King MD | President | 15 | $0 |
| Lajuana C Collins MD | Vice President | 15 | $0 |
| Denise Lipscomb | Treasurer | 15 | $0 |
| Delores Gee Teklu | Director | 15 | $0 |
| Vernita Peeples MD | Director | 15 | $0 |
| Robin Corbett MD | Director | 15 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patricia Y King MD | President | 10 | $0 |
| Lajuana M Collins MD | Vice Presidemt | 10 | $0 |
| Denise Lipscomb | Treasurer | 10 | $0 |
| Delores Gee Teklu | Director | 10 | $0 |
| Vernita Peeples MD | Director | 10 | $0 |
| Robin Corbett MD | Director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1425 BATTLEFIELD BLVD N 3005, CHESAPEAKE, VA 23320-4585
- In care of
- % PATRICIA Y KING MD
- Mailing address (990-N for 2021)
- 1425 Battlefield Blvd N 3005, Chesapeake VA 23320
- Principal officer (990-N for 2021)
- Patricia Y King MD, 1425 Battlefield Blvd N 3005, Chesapeake VA 23320
- Signed the 990-EZ
- Patricia Y King MD, President
- Return prepared by
- Kelvin W Arthur CPA
Mission
Scholarship awards to minority medical school students
Program accomplishments
- Scholarship awardsExpenses $50,000
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-4256440
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W12)
- Assets (IRS master file)
- $60,309
- Income (IRS master file)
- $96,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $72,287 | $52,748 | $60,309 | XML |
| 990-EZ | December 2023 | $69,851 | $52,673 | $41,429 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Patricia Y King MD | December 31, 2021 | ≤ $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 84-4256440).
Questions about HEARTS 4 PROGRESS INC
- What is the EIN of HEARTS 4 PROGRESS INC?
- The employer identification number (EIN) of HEARTS 4 PROGRESS INC is 84-4256440.
- Is HEARTS 4 PROGRESS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HEARTS 4 PROGRESS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTS 4 PROGRESS 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 HEARTS 4 PROGRESS 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 HEARTS 4 PROGRESS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of HEARTS 4 PROGRESS INC?
- The 990-N for 2021 names Patricia Y King MD.
- Who are the officers and directors of HEARTS 4 PROGRESS INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does HEARTS 4 PROGRESS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $72,287, expenses of $52,748 and total assets of $60,309 at year end.
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