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Nonprofit · EIN 87-3003753

HOPE CENTER USA

Tax-exempt · LAKE ZURICH, IL 60047

Financials

$1M$813K2022$1.1M$750K2023$783K$849K2024
Revenue Expenses · by fiscal year end
Financials of HOPE CENTER USA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$782,737$848,938-$66,201$524,037$30,607$493,430
August 31, 2024990$1,082,308$750,179$332,129$577,988$18,357$559,631
August 31, 2023990$1,044,765$812,581$232,184$277,451$45,267$232,184
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$792,866
Program service revenue
$540
Investment income
$12,542
Net income from fundraising events
-$23,211
Other revenue
-$23,211

Expenses

Grants and similar amounts paid
$22,612
Compensation of officers, directors and key employees
$94,379
Other salaries and wages
$222,700
Salaries, compensation and benefits (total)
$332,912
Professional fundraising fees
$0
Legal fees
$2,309
Accounting fees
$39,836
Occupancy
$74,582
Travel
$26,158
Depreciation
$4,029
Program services (functional)
$653,885
Management and general (functional)
$115,112
Fundraising (functional)
$79,941

Balance sheet and other

Total assets, start of year
$577,988
Total assets, end of year
$524,037
Total liabilities, end of year
$30,607
Net assets, end of year
$493,430
Land, buildings and equipment
$36,214
Net assets without donor restrictions
$471,624
Net assets with donor restrictions
$21,806
Gross receipts
$838,773
Employees
3
Volunteers
250
Year formed
2021
State of legal domicile
IL

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Terrance WallaceExecutive Dir.
Officer
40$49,379$45,000
Jason SfirePresident
Trustee or director, Officer
0$0$0
Scott DeGraeveVice President
Trustee or director, Officer
0$0$0
Kenneth ToellerTreasurer
Trustee or director, Officer
0$0$0
Gretchen FarbSecretary
Trustee or director, Officer
0$0$0
Eric ShroederDirector
Trustee or director
0$0$0
Jim DementDirector
Trustee or director
0$0$0
990 for the year ended August 31, 2024: 6 people
NameTitleHours / weekCompensationOther / benefits
Terrance WallaceExecutive Dir.
Officer
40$44,006$45,000
Jason SfirePresident
Trustee or director, Officer
0$0$0
Scott DeGraeveTreasurer
Trustee or director, Officer
0$0$0
Kenneth ToellerVice President
Trustee or director, Officer
0$0$0
Gretchen FarbSecretary
Trustee or director, Officer
0$0$0
Eric ShroederDirector
Trustee or director
0$0$0
990 for the year ended August 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
TERRANCE WALLACEEXECUTIVE DI
Trustee or director, Officer
40$45,000$45,000
SCOTT DEGRAEVETREASURER
Trustee or director, Officer
–$0$0
GRETCHEN FARBBOARD MEMBER
Trustee or director
–$0$0
ERIC SCHROEDERBOARD MEMBER
Trustee or director
–$0$0
JASON SFIREPRESIDENT
Trustee or director, Officer
–$0$0
KEN TOELLERVICE PRESIDE
Trustee or director, Officer
–$0$0

Address and contacts

Address (IRS master file)
23213 W MILLER RD, LAKE ZURICH, IL 60047-1356
Mailing address (990-N for 2021)
23153 W Miller Road, Lake Zurich IL 60047
Principal officer (990 for 2024)
Jason Sfire, 23213 W Miller Rd, Lake Zurich, IL 60047
Principal officer (990-N for 2021)
Terrance Wallace, 1201 Plum Tree Road, Barrington Hills IL 60010
Signed the 990
Ken Toeller, Treasurer
Phone
(847) 540-8280
Return prepared by
ChurchShield LLC

Mission

The mission of The Hope Center is to help restore what is broken in our world, in our community, and in each of us.

990 for the year ended August 31, 2025

Program accomplishments

  • Food Pantry - The Hope Center operates a food pantry where guests can expect to find a wide selection of fresh and shelf-stable items to keep their kitchens stocked, as well as herbs and veggies harvested weekly from our farm. We love to connect with pantry guests to find out how else The Hope Center can make a difference in their lives. The food pantry is open every Saturday and serves people throughout northern Illinois.
    Expenses $240,771
  • HOPE Farm sprouted from a simple idea: wouldn't it be wonderful if our food pantry could offer beautifully ripe, nutritious veggies and fruit? We knew the answer, so we got to work Thanks to a committed crew of volunteers, bushels of plump tomatoes, crunchy cucumbers, leafy greens, and aromatic herbs are now being harvested weekly. Our growing, small-scale farm is built around a hydroponic greenhouse that lets us farm year-round, sunshine or snow. Outside, rows of raised beds are lush in the summer with soil-grown garden veggies and native prairie plants.
    Expenses $137,620
  • The Benevolence program assists individuals who find temporary financial hardship with basic needs such as rent or mortgage assistance, car repairs, medical needs, or other urgent living needs. Participants in the benevolence program go through a holistic intake process to assess the need and are required to participate in financial and budget training to receive assistance.
    Expenses $85,112 · grants $22,612
  • Additional services are offered by the ministry including: Hope Redemption, for individuals who have formerly been incarcerated will find an understanding, supportive group of people who have walked the path from prison to freedom and know how to replace barriers with opportunities. Through compassion, connection, and purpose-driven programs, Hope Redemption helps the formerly incarcerated step confidently into a bright new future.
    Expenses $50,040
  • Single Moms, or Thrive, a gathering place for single moms to lift each other up. On Tuesday evenings, women on similar journeys have a chance to share a meal and some candid conversation. Childcare is provided, which gives everyone time to rejuvenate while listening to a speaker, getting spiritual encouragement, or doing a craft together while sharing struggles and victories as single parents. Evenings are often filled with laughter, sometimes tears, and always inspiration to thrive! There is also a group for Spanish-speaking moms, led by a team of Spanish-speaking mentors.
    Expenses $44,896
  • Teen moms
    Expenses $26,631
  • Toy Store
    Expenses $22,944
  • Accessibility
    Expenses $15,620
  • Hope Legal
    Expenses $11,206 · revenue $540
  • Senior Care
    Expenses $5,254
  • Repair
    Expenses $4,195
  • Racial Reconciliation
    Expenses $3,626
  • Marketplace
    Expenses $3,035
  • Hope Health
    Expenses $1,813
  • English as a Second Lanaguage
    Expenses $882
  • and Kylee's Closet
    Expenses $240

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
87-3003753
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
2022
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P80)
Assets (IRS master file)
$524,037
Income (IRS master file)
$838,773

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$782,737$848,938$524,037XML
990August 2024$1,082,308$750,179$577,988XML
990August 2023$1,044,765$812,581$277,451XML
990-N for 2021
Officer: Terrance Wallace
August 31, 2022≤ $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 87-3003753).

Questions about HOPE CENTER USA

What is the EIN of HOPE CENTER USA?
The employer identification number (EIN) of HOPE CENTER USA is 87-3003753.
Is HOPE CENTER USA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to HOPE CENTER USA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOPE CENTER USA 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 CENTER USA due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HOPE CENTER USA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of HOPE CENTER USA?
The 990 for the year ended August 31, 2025 names Jason Sfire.
Who are the officers and directors of HOPE CENTER USA?
The 990 for the year ended August 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $49,379 (Terrance Wallace, Executive Dir.).
How much revenue does HOPE CENTER USA have?
On its 990 for the year ended August 31, 2025 it reported revenue of $782,737, expenses of $848,938 and total assets of $524,037 at year end.

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