Nonprofit · EIN 83-3497398
FOUNDATIONS FOR HOPE INC
Tax-exempt · TRUSSVILLE, AL 35173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,150,325 | $1,583,260 | -$432,935 | $665,543 | $9,437 | $656,106 |
| December 31, 2023 | 990 | $759,066 | $631,163 | $127,903 | $1,096,569 | $7,528 | $1,089,041 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,117,997
- Program service revenue
- $0
- Investment income
- $43,821
- Net income from fundraising events
- -$11,493
- Other revenue
- -$11,493
Expenses
- Grants and similar amounts paid
- $604,859
- Compensation of officers, directors and key employees
- $119,490
- Other salaries and wages
- $3,000
- Salaries, compensation and benefits (total)
- $136,679
- Professional fundraising fees
- $0
- Legal fees
- $1,021
- Accounting fees
- $1,578
- Occupancy
- $9,000
- Travel
- $27,349
- Depreciation
- $4,078
- Program services (functional)
- $1,475,627
- Management and general (functional)
- $56,750
- Fundraising (functional)
- $50,883
Balance sheet and other
- Total assets, start of year
- $1,096,569
- Total assets, end of year
- $665,543
- Total liabilities, end of year
- $9,437
- Net assets, end of year
- $656,106
- Land, buildings and equipment
- $24,622
- Net assets without donor restrictions
- $656,106
- Gross receipts
- $1,161,818
- Employees
- 3
- Volunteers
- 25
- Year formed
- 2019
- State of legal domicile
- AL
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 |
|---|---|---|---|
| RANDALL TREGLOWN | CHAIRMAN Trustee or director, Officer | 1 | $30,000 |
| MATTHEW MULLINAX | VICE CHAIRMAN Trustee or director, Officer | 1 | $30,000 |
| MARTIN ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| GINGER TREGLOWN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDALL TREGLOWN | CHAIRMAN Trustee or director, Officer | 1 | $30,000 |
| MATTHEW MULLINAX | VICE CHAIRMAN Trustee or director, Officer | 1 | $30,000 |
| MARTIN ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| GINGER TREGLOWN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6647 GREEN DR STE 201, TRUSSVILLE, AL 35173-2780
- In care of
- % RANDY TREGLOWN
- Principal officer (990 for 2024)
- RANDALL V TREGLOWN, 6223 FOX BRANCH, TRUSSVILLE, AL 35173
- Signed the 990
- RANDALL V TREGLOWN, DIRECTOR
- Phone
- (205) 591-9111
- Return prepared by
- BORLAND BENEFIELD PC
Mission
FOUNDATIONS FOR HOPE EXISTS TO ADVANCE THE GOSPEL OF JESUS CHRIST BY PROVIDING CRITICAL RESOURCES AND TRAINING IN PARTNERSHIPS WITH LOCAL CHURCHES IN AREAS OF NEED ACROSS THE GLOBE.
Program accomplishments
- TO ADVANCE THE GOSPEL OF JESUS CHRIST BY PROVIDING CRITICAL RESOURCES AND TRAINING IN PARTNERSHIPS WITH LOCAL CHURCHES IN AREAS OF NEED ACROSS THE GLOBE.Expenses $1,475,627 · grants $604,859
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
- 83-3497398
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $665,543
- Income (IRS master file)
- $1,161,818
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,150,325 | $1,583,260 | $665,543 | XML |
| 990 | December 2023 | $759,066 | $631,163 | $1,096,569 | XML |
| 990 | December 2022 | $449,946 | $259,366 | $962,985 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-3497398).
Questions about FOUNDATIONS FOR HOPE INC
- What is the EIN of FOUNDATIONS FOR HOPE INC?
- The employer identification number (EIN) of FOUNDATIONS FOR HOPE INC is 83-3497398.
- Is FOUNDATIONS FOR HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FOUNDATIONS FOR HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATIONS FOR HOPE 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 FOUNDATIONS FOR HOPE 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 FOUNDATIONS FOR HOPE 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 FOUNDATIONS FOR HOPE INC?
- The 990 for the year ended December 31, 2024 names RANDALL V TREGLOWN.
- Who are the officers and directors of FOUNDATIONS FOR HOPE INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $30,000 (RANDALL TREGLOWN, CHAIRMAN).
- How much revenue does FOUNDATIONS FOR HOPE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,150,325, expenses of $1,583,260 and total assets of $665,543 at year end.
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