New Hope Research Foundation Inc

North Oaks, MN
Tax-exempt since Aug. 2007
EIN: 87-0790903

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Type of Nonprofit

Designated as a 501(c)(3) 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: Mental Health, Crisis Intervention / Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.44M (2025)

Expenses

$759k (2025)

Total Assets

$4.48M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

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 June
2025

Revenue

$3,444,042

Expenses

$758,842

Net Income

$2,685,200

Net Assets

$4,477,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$632,195	18.4%
Interest Revenue	$5	0.0%
Dividends	$91,197	2.6%
Sales of Assets	$4,322	0.1%
Other Income	$2,716,323	78.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$599,462	79.0%
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	$4,477,447
Total Liabilities	$0
Net Assets	$4,477,447

Compensation

Key Employees and Officers	Compensation	Other
John G Keimel (Chair President)	$0	$0
Ellen L Kraft (Vice Chair)	$0	$0
Raymond S Schreyer (Board Member)	$0	$0

990-PF

Filed on Nov. 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2024

Revenue

$737,058

Expenses

$691,731

Net Income

$45,327

Net Assets

$1,792,247

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$369,420	50.1%
Interest Revenue	$5,234	0.7%
Dividends	$53,474	7.3%
Sales of Assets	-$3,692
Other Income	$312,622	42.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$632,921	91.5%
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	$1,792,247
Total Liabilities	$0
Net Assets	$1,792,247

Compensation

Key Employees and Officers	Compensation	Other
John G Keimel (Chair President)	$0	$0
Ellen L Kraft (Vice Chair)	$0	$0
Raymond S Schreyer (Board Member)	$0	$0

990-PF

Filed on Oct. 29, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$736,043

Expenses

$587,791

Net Income

$148,252

Net Assets

$1,746,920

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$680,404	92.4%
Interest Revenue	$4,629	0.6%
Dividends	$20,658	2.8%
Sales of Assets	$30,352	4.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$563,579	95.9%
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	$1,746,972
Total Liabilities	$52
Net Assets	$1,746,920

Compensation

Key Employees and Officers	Compensation	Other
John G Keimel (Chair President)	$0	$0
Ellen L Kraft (Vice Chair)	$0	$0
Raymond S Schreyer (Board Member)	$0	$0

990-PF

Filed on Nov. 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$974,678

Expenses

$285,317

Net Income

$689,361

Net Assets

$1,598,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$960,277	98.5%
Interest Revenue	$51	0.0%
Dividends	$14,350	1.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$282,611	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	$1,604,983
Total Liabilities	$6,315
Net Assets	$1,598,668

Compensation

Key Employees and Officers	Compensation	Other
John G Keimel (Chair President)	$0	$0
Ellen L Kraft (Vice Chair)	$0	$0
Raymond S Schreyer (Board Member)	$0	$0

990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending June
2021

Revenue

$598,945

Expenses

$548,297

Net Income

$50,648

Net Assets

$911,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$441,315	73.7%
Interest Revenue	$52	0.0%
Dividends	$13,845	2.3%
Sales of Assets	$143,733	24.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$546,580	99.7%
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	$911,252
Total Liabilities	$1
Net Assets	$911,251

Compensation

Key Employees and Officers	Compensation	Other
John G Keimel (Board Chair Person And President)	$0	$0
Ellen L Kraft (Vice Chair Person)	$0	$0
Raymond S Schreyer (Board Member And Medical Advisor)	$0	$0

990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2020

Revenue

$310,464

Expenses

$590,411

Net Income

-$279,947

Net Assets

$860,604

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$264,284	85.1%
Interest Revenue	$7,266	2.3%
Dividends	$17,574	5.7%
Sales of Assets	$21,339	6.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$589,508	99.8%
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	$860,604
Total Liabilities	$0
Net Assets	$860,604

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Expenses

$130,399

Net Income

$22,091

Net Assets

$1,262,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$112,460	73.7%
Interest Revenue	$531	0.3%
Dividends	$16,811	11.0%
Sales of Assets	$22,689	14.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,687	92.6%
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	$1,262,023
Total Liabilities	$0
Net Assets	$1,262,023

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$770,771

Expenses

$151,670

Net Income

$619,101

Net Assets

$1,239,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$391,017	50.7%
Interest Revenue	$24	0.0%
Dividends	$14,674	1.9%
Sales of Assets	$365,056	47.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$150,578	99.3%
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	$1,239,931
Total Liabilities	$0
Net Assets	$1,239,931

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$271,183

Expenses

$138,840

Net Income

$132,343

Net Assets

$620,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$185,635	68.5%
Interest Revenue	$10	0.0%
Dividends	$12,179	4.5%
Sales of Assets	$52,547	19.4%
Other Income	$20,812	7.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$138,072	99.4%
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	$620,830
Total Liabilities	$0
Net Assets	$620,830

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$78,116

Expenses

$105,443

Net Income

-$27,327

Net Assets

$488,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$66,580	85.2%
Interest Revenue	$2	0.0%
Dividends	$11,718	15.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,169	99.7%
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	$488,487
Total Liabilities	$0
Net Assets	$488,487

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$143,081

Expenses

$57,939

Net Income

$85,142

Net Assets

$515,815

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$132,782	92.8%
Interest Revenue	$3	0.0%
Dividends	$10,296	7.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,619	99.4%
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	$515,815
Total Liabilities	$0
Net Assets	$515,815

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Updated January 26, 2026

New Hope Research Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.44M (2025)

Expenses $759k (2025)

Total Assets $4.48M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2019

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$3.44M (2025)

Expenses

$759k (2025)

Total Assets

$4.48M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007