Beats 4 Hope Inc
- Assets
- $13.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-5361261
Organization Overview
Beats 4 Hope Inc is located in Fremont, CA. The organization was established in 2017. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beats 4 Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Beats 4 Hope Inc generated $23.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $17.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THIS CHARITY BRINGS THE MUSIC COMMUNITY TOGETHER TO RAISE FUNDS AND/OR AWARENESS TO A COMMUNITY IN NEED IN THE AREAS OF ARTS AND HUMANITIES.
Describe the Organization's Program Activity:
Part 3
THIS CHARITY PROVIDED DJ, MUSICIANS, AND ARTISTS TO RAISE FUNDS FOR A COMMUNITY OR INDIVIDUAL AND SUPPORTED EXISTING CHARITIES IN NEED. THE PHILANTHROPIC SPIRIT OF THE TALENTS WERE USED TO RAISE FUNDS AND CULTIVATE AWARENESS ON VARIOUS TOPICS THAT IMPACT OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Martines President | 28 | $0 | |
Alexander Mejia Treasurer | 21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,874 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,815 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,480 |
| Occupancy, rent, utilities, and maintenance | $675 |
| Printing, publications, postage, and shipping | $223 |
| Other expenses | $13,982 |
| Total expenses | $17,632 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,524 |
| Other assets | $0 |
| Total assets | $13,524 |
| Total liabilities | $2,682 |
| Net assets or fund balances | $10,842 |