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BRAINS FOR HOPE FOUNDATION INC

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Tax-exempt status may be revoked

BRAINS FOR HOPE FOUNDATION INC

EIN 81-4456605 · Cancer Research (H30)

What they do

THE PURPOSE of BRAINS for HOPE FOUNDATION, INC. is to INCREASE AWARENESS of PEDIATRIC CANCER and to RAISE FUNDS for RESEARCH. THE SPECIAL EVENT GOLDEN GALA and INDIVIDUAL DONATIONS RESULTED IN 110,000 TOTAL to BE DONATED to CINCINNATI CHILDRENS HOSPITAL and DICK VITALE GALA (FOUNDATION for CANCER RESEARCH).

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Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

110.45%of revenue went to mission work98.0% of expenses · Program services
$112.68spent for every $100 of revenueSpending was higher than revenue this year.
$0.13in assets for every $1 spent this yearSome assets cannot be spent right away.
65.6%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $12,661 this year. Ask whether that was planned or caused by a one-time event.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$99,879
Mission workProgram services$110,318110.45% of revenue98.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$112,540112.68% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$99,879
Expenses$112,540
Annual shortfall $12,661 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$110,318 · 98.0% of expenses
See all reported dollar amounts
Revenue$99,879
Expenses$112,540
Assets$14,175
Income$122,864
Contributions$65,489
Mission work (program services)$110,318
People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

ANDREW SAALPRESIDENT

MARGARET SAALVICE PRESIDE

MICHELLE VILLARUZTREASURER

About this charity

Location
7726 INVERNESS LAKES DR, FORT WAYNE, IN 46804
County
Allen
In care of
MARGARET SAAL
Primary officer
MARGARET SAAL, VICE PRESIDENT

How to reach them

Filing and classification

Latest tax year
2019
Tax period began
January 1, 2019
Return type
990EZ
Tax preparer
BADEN GAGE & SCHROEDER LLC
NTEE classification
Cancer Research (H30)
IRS tax category
Cancer Research
Revocation date
May 15, 2024

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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