HOPE AT THE LAKE FOUNDATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: HOPE AT THE LAKE FOUNDATION (EIN 20-1489132)
Tax period: 2010-08-01 to 2011-07-31
Filed: 2011-12-13
IRS object ID: 201143479349300854
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-12-13T09:30:51-06:00	Timestamp
Tax Period End Date	2011-07-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	W MICHAEL ADAMS CPA PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	148 TORRENCE CHAPEL RD	AddressLine1
City	MOORESVILLE	City
State	NC	State
ZIP Code	28117	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-08-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	201489132	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	HOPE AT THE POINT FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	HOPE	NameControl
Phone	7047999099	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	631-407 BRAWLEY SCHOOL RD PMB 307	AddressLine1
City	MOORESVILLE	City
State	NC	State
ZIP Code	28117	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOE TILTON	Name
Title	CHAIRMAN	Title
Phone	7047999099	Phone
Date Signed	2011-11-30	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	WILLIAM M ADAMS	Name
Phone	7047996559	Phone
Date Prepared	2011-12-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	311922	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.HOPE-POINT.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Activity Or Mission Description	HOPE AT THE POINT FOUNDATION'S MISSION IS TO UTILIZE COMMUNITY RESOURCES TO BENEFIT LOCAL ORGANIZATIONS WHOSE PRIMARY FOCUS IS TO IMPROVE THE CONDITION OF THOSE INDIVIDUALS SUFFERING FROM CANCER, TO IMPROVE THE WELFARE OF CHILDREN AND PROVIDE A BETTER ENVIRONMENT THROUGH COMMUNITY SERVICE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	8	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	8838	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	375717	ProgramServiceRevenuePriorYear
Program Service Revenue CY	302583	ProgramServiceRevenueCY
Investment Income Prior Year	143	InvestmentIncomePriorYear
Investment Income Current Year	501	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	375860	TotalRevenuePriorYear
Total Revenue Current Year	311922	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	74980	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	275532	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	243719	OtherExpensePriorYear
Other Expenses Current Year	31295	OtherExpensesCurrentYear
Total Expenses Prior Year	318699	TotalExpensesPriorYear
Total Expenses Current Year	306827	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	57161	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	5095	RevenuesLessExpensesCY
Total Assets BOY	186718	TotalAssetsBOY
Total Assets EOY	146533	TotalAssetsEOY
Total Liabilities BOY	45280	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	141438	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	146533	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	HOPE AT THE POINT FOUNDATION'S MISSION IS TO UTILIZE COMMUNITY RESOURCES TO BENEFIT LOCAL ORGANIZATIONS WHOSE PRIMARY FOCUS IS TO IMPROVE THE CONDITION OF THOSE INDIVIDUALS SUFFERING FROM CANCER, TO IMPROVE THE WELFARE OF CHILDREN AND PROVIDE A BETTER ENVIRONMENT THROUGH COMMUNITY SERVICE.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	302528	Expense
Grants	275532	Grants
Description	GRANTS/MONIES PAID TO VARIOUS LOCAL CHARITIES-CHILDREN'S HOME OF IREDELL COUNTY; SCAN; SOUP KITCHEN MOORESVILLE; BARIUM SPRING'S CHILDREN'S HOME; HOPE PARK. 275,532.00	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Description	SEE STATEMENT 2.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	302528	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	true	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Nbr Voting Governing Body Members	8	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	HOPE AT THE POINT FOUNDATION	NamePerson
Telephone Number	7046631664	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	631-407 BRAWLEY SCHOOL ROAD	AddressLine1
City	MOORESVILLE	City
State	NC	State
ZIP Code	28117	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (2 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
JOE TILTON
CHAIRMAN	10.00	X	0	0	0
MARJORIE SMITH
TREASURER	10.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Fundraising Events	8838	FundraisingEvents
Total Contributions	8838	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
HOPE PARK	149495	$149,495
GALA INCOME	110475	$110,475
DEFERRED REVENUE	27180	$27,180
PLOAR PLUNGE	12633	$12,633
CARIBBEAN CRUISE	1700	$1,700

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1100	TotalRevenueColumn
Exclusion	$1,100	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	302583	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	501	TotalRevenueColumn
Related Or Exempt Function Income	501	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	311922	TotalRevenueColumn
Related Or Exempt Function Income	501	RelatedOrExemptFunctionIncome
Exclusion	$302,583	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	275532	Total
Program Services	275532	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
GALA EXPENSES	25335	25335
POLAR PLUNGE	1661	1661
WEB SITE	1095		1095
CREDIT CARD PROCESSING	862		862
LICENSES	775		775

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1567	Total
Management And General	1567	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	306827	Total
Program Services	302528	ProgramServices
Management And General	4299	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	168618	BOY
EOY	146533	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	18100	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	186718	BOY
EOY	146533	EOY

Grants Payable GrantsPayable

Field	Value	IRS element (for citing)
BOY	27180	BOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	18100	BOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	45280	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	141438	BOY
EOY	146533	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	141438	BOY
EOY	146533	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	186718	BOY
EOY	146533	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	5095	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	242578	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	207146	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	141546	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	375860	CurrentTaxYearMinus1Year
Current Tax Year	311922	CurrentTaxYear
Total	1279052	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	242578	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	207146	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	141546	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	375860	CurrentTaxYearMinus1Year
Current Tax Year	311922	CurrentTaxYear
Total	1279052	Total

Field	Value	IRS element (for citing)
Public Support Total509	1279052	PublicSupportTotal509

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	242578	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	207146	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	141546	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	375860	CurrentTaxYearMinus1Year
Current Tax Year	311922	CurrentTaxYear
Total	1279052	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	1.00000	PublicSupportPercentage509
Prior Year Support Percentage	1.00000	PriorYearSupportPercentage
Investment Income Percentage	0.00000	InvestmentIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	false	RecordsMaintained

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	HOPE AT THE POINT FOUNDATION'S MISSION IS TO UTILIZE COMMUNITY RESOURCES TO BENEFIT LOCAL ORGANIZATIONS WHOSE PRIMARY FOCUS IS TO IMPROVE THE CONDITION OF THOSE INDIVIDUALS SUFFERING FROM CANCER, TO IMPROVE THE WELFARE OF CHILDREN AND PROVIDE A BETTER ENVIRONMENT THROUGH COMMUNITY SERVICE.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC