Nonprofit · EIN 85-3485799
GENERATIONAL HOPE FOUNDATION
Tax-exempt · KELSO, WA 98626
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $175,765 | $212,049 | -$36,284 | $4,762,681 | $151 | $4,762,530 |
| December 31, 2023 | 990-PF | $156,793 | $257,718 | -$100,925 | $4,798,965 | $151 | $4,798,814 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $184,448
- Interest
- $189
- Net gain from sales of assets
- -$8,872
Expenses
- Grants and similar amounts paid
- $174,400
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $177,743
- Excise tax on investment income
- $2,140
Balance sheet and other
- Total assets, start of year
- $4,798,965
- Total assets, end of year
- $4,762,681
- Total liabilities, end of year
- $151
- Net assets, end of year
- $4,762,530
- Fair market value of assets
- $6,027,488
- Qualifying distributions
- $177,743
- Net investment income
- $184,637
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph D Willis 1097 Bodine Road, Kelso, WA 98626 | President | 0 | $0 |
| Lacey Gray 225 Lexington Avenue, Kelso, WA 98626 | Vice President | 0 | $0 |
| Bethany Petersen 256 St James Place, Longview, WA 98632 | Vice President | 0 | $0 |
| Josiah Willis 7977 170th Aveunue B125, Redmond, WA 98052 | Vice President | 0 | $0 |
| Terri Willis 1097 Bodine Road, Kelso, WA 98626 | Secretary | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph D Willis 1097 Bodine Road, Kelso, WA 98626 | President | 0 | $0 |
| Lacey Gray 225 Lexington Avenue, Kelso, WA 98626 | Vice President | 0 | $0 |
| Bethany Petersen 256 St James Place, Longview, WA 98632 | Vice President | 0 | $0 |
| Josiah Willis 7977 170th Aveunue B125, Redmond, WA 98052 | Vice President | 0 | $0 |
| Terri Willis 1097 Bodine Road, Kelso, WA 98626 | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1097 BODINE RD, KELSO, WA 98626-9484
- In care of
- % JOSEPH D WILLIS
- Signed the 990-PF
- Joe Willis, Director
- Phone
- (360) 430-7821
- Return prepared by
- GL BOOTH JG DAVIS & ASSOCIATES PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-3485799
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $4,762,681
- Income (IRS master file)
- $412,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $175,765 | $212,049 | $4,762,681 | IRS |
| 990-PF | December 2023 | $156,793 | $257,718 | $4,798,965 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 85-3485799).
Questions about GENERATIONAL HOPE FOUNDATION
- What is the EIN of GENERATIONAL HOPE FOUNDATION?
- The employer identification number (EIN) of GENERATIONAL HOPE FOUNDATION is 85-3485799.
- Is GENERATIONAL HOPE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GENERATIONAL HOPE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GENERATIONAL HOPE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GENERATIONAL HOPE FOUNDATION 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 GENERATIONAL HOPE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GENERATIONAL HOPE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GENERATIONAL HOPE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $175,765, expenses of $212,049 and total assets of $4,762,681 at year end.
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All nonprofits in KELSO · Washington · Philanthropy, voluntarism and grantmaking foundations