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Nonprofit · EIN 51-0596442

HOPE FOR TOMORROW INC

Tax-exempt (reinstated) · DERWOOD, MD 20855

Financials

$1.1M$505K2023$630K$485K2024
Revenue Expenses · by fiscal year end
Financials of HOPE FOR TOMORROW INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$630,102$484,608$145,494$1,083,131$0$1,083,131
December 31, 2023990$1,061,923$505,253$556,670$1,086,475$0$1,086,475
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$623,629
Program service revenue
$0
Investment income
$6,473
Other revenue
$0

Expenses

Grants and similar amounts paid
$337,410
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$142,408
Program services (functional)
$337,409
Management and general (functional)
$4,790
Fundraising (functional)
$142,408

Balance sheet and other

Total assets, start of year
$1,079,934
Total assets, end of year
$1,083,131
Total liabilities, end of year
$0
Net assets, end of year
$1,083,131
Publicly traded securities
$958,978
Net assets without donor restrictions
$1,083,131
Gross receipts
$630,102
Employees
0
Volunteers
60
Year formed
2006
State of legal domicile
MD

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.

NameTitleHours / weekCompensation
DUC T LE MDPRESIDENT
Trustee or director, Officer
12$0
QUYEN DANG DDSVICE PRESIDENT
Trustee or director, Officer
12$0
THANG DOTRESURER
Trustee or director, Officer
15$0
CHUONG PHAN DDSSECRETARY
Trustee or director, Officer
12$0
ANNA ABEL DDSDIRECTOR
Trustee or director
12$0
THI NGUYEN DDSDIRECTOR
Trustee or director
12$0
CHAU NGUYENDIRECTOR
Trustee or director
12$0
HUNG NGUYENDIRECTOR
Trustee or director
12$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
DUC T LE MDPRESIDENT
Trustee or director, Officer
12$0
QUYEN DANG DDSVICE-PRESIDENT
Trustee or director, Officer
12$0
THANG DOTREASURER
Trustee or director, Officer
15$0
CHUONG PHAN DDSSECRETARY
Trustee or director, Officer
12$0
ANNA ABEL DDSDIRECTOR
Trustee or director
12$0
THI A NGUYEN DDSDIRECTOR
Trustee or director
12$0
LOC X NGUYENDIRECTOR
Trustee or director
12$0
CHAU NGUYENDIRECTOR
Trustee or director
10$0

Address and contacts

Address (IRS master file)
6811 NEEDWOOD RD, DERWOOD, MD 20855-1642
Mailing address (990-N for 2011)
6811 Needwood Road, Rockville MD 20855
Principal officer (990 for 2024)
THANG DO TREASURER, 6814 NEEDWOOD ROAD, DERWOOD, MD 20855
Principal officer (990-N for 2011)
Chau Nguyen, 6811 Needwood Road, Rockville MD 20855
Signed the 990
THANG DO, TREASURER
Phone
(301) 379-0242
Return prepared by
FIDUCIA TAX & FINANCIAL SOLUTIONS LLC

Mission

MISSION NBSP;OF NBSP;HOPE NBSP;FOR NBSP;TOMORROW NBSP;(HOPE) NBSP;IS NBSP;TO NBSP;PROVIDE NBSP;HEALTHCARE NBSP;HUMAN NBSP;SERVICES NBSP;INFRASTRUCTURE NBSP;BUILD NBSP;OUTS NBSP;AND NBSP;EDUCATIONAL NBSP;ASSISTANCE NBSP;TO NBSP;THE NBSP;DISADVANTAGED NBSP;COMMUNITIES NBSP;HOPE NBSP;ORGANIZES NBSP;AND NBSP;RUNS NBSP;NUMEROUS NBSP;PROGRAMS NBSP;TO NBSP;SERVE NBSP;THOSE NBSP;IN NBSP;NEED

990 for the year ended December 31, 2024

Program accomplishments

  • MAI TAM HOUSE OF HOPE (SAIGON VIETNAM) - SUPPORTING CARES FOR MOTHERS AND CHILDREN LIVING WITH HIV/AIDS
    Expenses $65,650
  • MAI TAM SOCIAL ENTERPRISE (SAIGON VIETNAM) - SUPPORTING MULTIPLE CHARITABLE INITIATIVES SERVING UNDERPRIVILEGED COMMUNITIES
    Expenses $46,000
  • PHAOLO GENERAL CLINIC (DANANG VIETNAM) - SUPPORT RENOVATION PROJECT OF THE CLINIC TO SERVE POOR PATIENTS
    Expenses $37,968
  • Expenses $98,272

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0596442
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P99)
Assets (IRS master file)
$1,083,131
Income (IRS master file)
$630,103

Revocation and reinstatement

Exemption revoked
May 15, 2016
Posted by the IRS
October 10, 2016
Reinstated
Effective May 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$630,102$484,608$1,083,131IRS
990December 2023$1,061,923$505,253$1,086,475XML
990December 2022$598,219$633,738$963,240IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2017–––IRS
990-N for 2011
Officer: Chau Nguyen
December 31, 2011≤ $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 51-0596442).

Questions about HOPE FOR TOMORROW INC

What is the EIN of HOPE FOR TOMORROW INC?
The employer identification number (EIN) of HOPE FOR TOMORROW INC is 51-0596442.
Is HOPE FOR TOMORROW INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
Are donations to HOPE FOR TOMORROW INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOPE FOR TOMORROW 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 FOR TOMORROW 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 FOR TOMORROW 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 FOR TOMORROW INC?
The 990 for the year ended December 31, 2024 names THANG DO TREASURER.
Who are the officers and directors of HOPE FOR TOMORROW INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does HOPE FOR TOMORROW INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $630,102, expenses of $484,608 and total assets of $1,083,131 at year end.

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