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New Hope Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$54.1k (2024)

Expenses
$75.6k (2024)

Total Assets
$653k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$54,054
Expenses
$75,551
Net Income
-$21,497
Net Assets
$653,258
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $191
0.4%
Dividends $23,832
44.1%
Sales of Assets $30,031
55.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $74,726
98.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $653,258
Total Liabilities $0
Net Assets $653,258
Compensation
Key Employees and Officers Compensation Other
Lawrence H Lee (President /) $0 $0
Linda H Lee (Director) $0 $0
Samantha N Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$78,763
Expenses
$67,057
Net Income
$11,706
Net Assets
$680,274
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $194
0.2%
Dividends $24,500
31.1%
Sales of Assets $54,069
68.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $66,242
98.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $680,274
Total Liabilities $0
Net Assets $680,274
Compensation
Key Employees and Officers Compensation Other
Lawrence H Lee (President /) $0 $0
Linda H Lee (Director) $0 $0
Samantha N Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$50,492
Expenses
$78,118
Net Income
-$27,626
Net Assets
$674,724
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $28
0.1%
Dividends $23,633
46.8%
Sales of Assets $26,831
53.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $77,270
98.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $674,724
Total Liabilities $0
Net Assets $674,724
Compensation
Key Employees and Officers Compensation Other
Lawrence H Lee (President /) $0 $0
Linda H Lee (Director) $0 $0
Samantha N Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$64,411
Expenses
$64,290
Net Income
$121
Net Assets
$703,743
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $22,714
35.3%
Sales of Assets $41,693
64.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,690
99.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $703,743
Total Liabilities $0
Net Assets $703,743
Compensation
Key Employees and Officers Compensation Other
Lawrence H Lee (President /) $0 $0
Linda H Lee (Director) $0 $0
Samantha N Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,161
Expenses
$56,935
Net Income
-$23,774
Net Assets
$704,295
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $24,577
74.1%
Sales of Assets $8,580
25.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,000
96.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $704,296
Total Liabilities $1
Net Assets $704,295
Compensation
Key Employees and Officers Compensation Other
Lawrence H Lee (President /) $0 $0
Linda H Lee (Director) $0 $0
Samantha N Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$44,530
Expenses
$50,808
Net Income
-$6,278
Net Assets
$733,248
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $98
0.2%
Dividends $23,740
53.3%
Sales of Assets $20,692
46.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $50,115
98.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $733,249
Total Liabilities $1
Net Assets $733,248
Compensation
Key Employees and Officers Compensation Other
Lawrence H Lee (President /) $0 $0
Linda H Lee (Director) $0 $0
Jennifer A Lee (Director) $0 $0
Samantha N Lee (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,897
Expenses
$49,981
Net Income
-$16,084
Net Assets
$827,712
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,108
26.9%
Sales of Assets $19,155
56.5%
Other Income $5,634
16.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,570
79.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $827,712
Total Liabilities $0
Net Assets $827,712

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$127,858
Expenses
$38,143
Net Income
$89,715
Net Assets
$856,370
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $11,448
9.0%
Sales of Assets $103,598
81.0%
Other Income $12,812
10.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,461
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $856,370
Total Liabilities $0
Net Assets $856,370

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$6,885
Expenses
$43,335
Net Income
-$50,220
Net Assets
$757,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
Dividends $11,237
Sales of Assets $0
Other Income $3,933
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,777
89.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $757,908
Total Liabilities $0
Net Assets $757,908

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$211,201
Expenses
$41,692
Net Income
$169,509
Net Assets
$806,846
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
0.0%
Dividends $12,982
6.1%
Sales of Assets $189,361
89.7%
Other Income $8,852
4.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $40,012
96.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $806,846
Total Liabilities $0
Net Assets $806,846

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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