Nonprofit · EIN 87-4331334
HOPE INITIATIVE INC
Tax-exempt · MAYFIELD, KY 42066
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,141,926 | $5,508,821 | $633,105 | $8,128,784 | $96,445 | $8,032,339 |
| December 31, 2023 | 990 | $5,904,139 | $285,934 | $5,618,205 | $7,570,143 | $171,761 | $7,398,382 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,811,613
- of which government grants
- $2,100,000
- Program service revenue
- $3,330,313
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $28,345
- Salaries, compensation and benefits (total)
- $28,345
- Professional fundraising fees
- $0
- Legal fees
- $5,569
- Accounting fees
- $2,000
- Occupancy
- $49,375
- Travel
- $3,615
- Program services (functional)
- $5,389,581
- Management and general (functional)
- $119,240
Balance sheet and other
- Total assets, start of year
- $7,570,143
- Total assets, end of year
- $8,128,784
- Total liabilities, end of year
- $96,445
- Net assets, end of year
- $8,032,339
- Gross receipts
- $6,141,926
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- KY
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 |
|---|---|---|---|
| STEPHEN BOYKEN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| TAMARA BRINDLEY | SECRETARY Trustee or director, Officer | 0 | $0 |
| JESSICA TUCKER | TREASURER Trustee or director, Officer | 0 | $0 |
| CATHERINE PRICE | OFFICER Trustee or director | 0 | $0 |
| WESLEY FOWLER | OFFICER Trustee or director | 0 | $0 |
| BRAD MORRIS | OFFICER Trustee or director | 0 | $0 |
| GREG HUSSEY | OFFICER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BOYKEN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| TAMARA BRINDLEY | SECRETARY Trustee or director, Officer | 0 | $0 |
| JESSICA TUCKER | TREASURER Trustee or director, Officer | 0 | $0 |
| CATHERINE PRICE | OFFICER Trustee or director | 0 | $0 |
| WESLEY FOWLER | OFFICER Trustee or director | 0 | $0 |
| BRAD MORRIS | OFFICER Trustee or director | 0 | $0 |
| GREG HUSSEY | OFFICER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 977, MAYFIELD, KY 42066-0060
- In care of
- % STEPHEN BOYKEN
- Principal officer (990 for 2024)
- JESSICA TUCKER, 1787 CARDINAL ROAD, MAYFIELD, KY 42066
- Signed the 990
- JESSICA TUCKER, TREASURER
- Phone
- (270) 519-9630
- Return prepared by
- MOFFITT & COMPANY PLLC
Mission
TO PROVIDE DISASTER RELIEF AND OTHER SUPPORT SERVICES TO RESIDENTS OF GRAVES COUNTY WHILE SPREADING THE GOSPEL OF JESUS CHRIST.
Program accomplishments
- HOUSES ARE UNDER CONSTRUCTION AND WILL BE SOLD TO RESIDENTS OF GRAVES COUNTY WHO LOST THEIR HOMES DURING THE TORNADO THAT OCCURED ON 12-10-2021. THE HOUSES WILL BE SOLD AT COST WITH NO PROFIT REALIZED ON THE SALE. CONSTRUCTION COSTS ACCUMULATE IN THE ASSET ACCOUNT "CONSTRUCTION IN PROGRESS" UNTIL THE HOME IS COMPLETED AND SOLD.Expenses $5,389,581 · revenue $3,330,313
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
- 87-4331334
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $8,128,784
- Income (IRS master file)
- $6,141,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,141,926 | $5,508,821 | $8,128,784 | IRS |
| 990 | December 2023 | $5,904,139 | $285,934 | $7,570,143 | XML |
| 990 | December 2022 | $1,908,832 | $128,655 | $1,754,025 | IRS |
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 87-4331334).
Questions about HOPE INITIATIVE INC
- What is the EIN of HOPE INITIATIVE INC?
- The employer identification number (EIN) of HOPE INITIATIVE INC is 87-4331334.
- Is HOPE INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to HOPE INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE INITIATIVE 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 INITIATIVE 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 INITIATIVE 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 INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names JESSICA TUCKER.
- Who are the officers and directors of HOPE INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HOPE INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,141,926, expenses of $5,508,821 and total assets of $8,128,784 at year end.
Other nonprofits in MAYFIELD
- MAYFIELD GRAVES COUNTY YMCA INC EIN 61-1204017 · last filed 990 for 2024
- STEPPING STONES LEARNING CENTER INC EIN 61-1207266 · last filed 990 for 2025
- MAYFIELD GRAVES COUNTY SENIOR CITIZENS EIN 61-0854602 · last filed 990 for 2023
- A NEW BEGINNING A MINISTRY FOR WOMEN AND CHILDREN EIN 88-0639560 · last filed 990 for 2025
- CATALYST CENTER INC EIN 83-2784365 · last filed 990 for 2025
- KY COUNCIL FOR ADMINISTRATORS OF SPECIAL EDUCATION EIN 61-1378813 · last filed 990-N for 2024
- DAKARAI STRONG FOUNDATION EIN 41-2643371 · last filed 990-PF for 2025
- GRAVES COUNTY EXTENSION HOMEMAKERS ASSN EIN 80-0647036 · last filed 990-N for 2025