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Nonprofit · EIN 81-2681890

HOPE FLOATS FOUNDATION INC

Tax-exempt · SIMSBURY, CT 06070

Financials

$504K$492K2023$745K$597K2024
Revenue Expenses · by fiscal year end
Financials of HOPE FLOATS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$745,339$596,785$148,554$569,651$0$569,651
December 31, 2023990$504,083$492,460$11,623$421,097$9,496$411,601
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$734,658
Program service revenue
$0
Investment income
$1,229
Other revenue
$9,452

Expenses

Grants and similar amounts paid
$421,537
Compensation of officers, directors and key employees
$100,000
Salaries, compensation and benefits (total)
$109,668
Professional fundraising fees
$0
Legal fees
$5,049
Accounting fees
$13,500
Travel
$1,921
Program services (functional)
$462,465
Management and general (functional)
$66,345
Fundraising (functional)
$67,975

Balance sheet and other

Total assets, start of year
$421,097
Total assets, end of year
$569,651
Total liabilities, end of year
$0
Net assets, end of year
$569,651
Gross receipts
$745,339
Employees
1
Volunteers
30
Year formed
2017
State of legal domicile
VA

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
Kristin MabroukExecutive Director
Key employee, Highest-paid employee
40$100,000
Dave TonnesenPresident
Trustee or director, Officer
2$0
Frank SahleinSecretary
Trustee or director, Officer
2$0
Amanda BeardBoard Member
Trustee or director
0.5$0
Janaiha BennettBoard Member
Trustee or director
0.5$0
Christina JudgeBoard Member
Trustee or director
1$0
Kim VandenbergBoard Member
Trustee or director, Former
0.5$0
Calvin Thomas IIBoard Member
Trustee or director
2$0
Audrey BrownTreasurer, Board Member
Trustee or director, Officer
2$0
John KirkBoard Member
Former
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Kristin MabroukExecutive Director
Key employee, Highest-paid employee
40$74,231
Jill McHughExecutive Director
Key employee, Former
20$17,783
Dave TonnesenPresident
Trustee or director, Officer
5$0
Frank SahleinSecretary
Trustee or director, Officer
1$0
John KirkTreasurer
Trustee or director
0.5$0
Amanda BeardBoard Member
Trustee or director
0.5$0
Janaiha BennettBoard Member
Trustee or director
0.5$0
Christina JudgeBoard Member
Trustee or director
1$0
Kim VandenbergBoard Member
Trustee or director
0.5$0
Calvin Thomas IIBoard Member
Trustee or director
0.5$0
Marquetta DrakesBoard Member
Trustee or director, Former
0.5$0

Address and contacts

Address (IRS master file)
PO BOX 23, SIMSBURY, CT 06070-0023
Mailing address (990-N for 2018)
14531 Potomac Mills Rd, Woodbridge VA 22192
Principal officer (990 for 2024)
Kristin Mabrouk, PO Box 23, Simsbury, CT 06070
Principal officer (990-N for 2018)
Christine Bostic, 492 Wingate Rd, Beaumount MS 39423
Signed the 990
Kristin Mabrouk, Executive Director
Phone
(719) 398-1938

Mission

Hope Floats Foundation partners with high quality swim schools to provide swim lesson scholarships for children whose families can not afford to pay. Drowning is a leading cause of death for children, and participation in formal swimming lessons reduces the risk of drowning by 88 percent. Our mission is to make sure that all children have access to learning this essential life skill, and to partner with swim schools to ensure they have the resources to make this happen in their own local communities.

990 for the year ended December 31, 2024

Program accomplishments

  • Hope Floats awarded 1,470 children with swim lessons scholarships in 2024, providing a total of 17,640 lessons to children from low-income families or in foster care placement at swim schools in their own community. Hope Floats partnered with more than 150 swim schools across 40 states to build a simple, sustainable way for swim schools to further serve their communities.
    Expenses $462,465 · grants $421,537 · revenue $745,339

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
81-2681890
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$569,651
Income (IRS master file)
$745,339

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$745,339$596,785$569,651XML
990December 2023$504,083$492,460$421,097XML
990December 2022$387,795$346,406$400,542IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2019–––IRS
990-N for 2018
Officer: Christine Bostic
December 31, 2018≤ $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 81-2681890).

Questions about HOPE FLOATS FOUNDATION INC

What is the EIN of HOPE FLOATS FOUNDATION INC?
The employer identification number (EIN) of HOPE FLOATS FOUNDATION INC is 81-2681890.
Is HOPE FLOATS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to HOPE FLOATS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOPE FLOATS FOUNDATION 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 FLOATS FOUNDATION 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 FLOATS FOUNDATION 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 FLOATS FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Kristin Mabrouk.
Who are the officers and directors of HOPE FLOATS FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $100,000 (Kristin Mabrouk, Executive Director).
How much revenue does HOPE FLOATS FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $745,339, expenses of $596,785 and total assets of $569,651 at year end.

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