New Hope Foundation
New Hope Foundation is a private foundation, based in Oak Point, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $563 in total assets. In 2025, it made $2K in qualifying distributions.
New Hope Foundation at a glance
- Total assets
- $563
- -61.5% vs 2024
- Revenue (2025)
- $600
- -89.1% vs 2024
- Qualifying distributions (2025)
- $1,500
- -82.4% vs 2024
- Expenses (2025)
- $1,500
- -82.4% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who New Hope Foundation funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How New Hope Foundation gives
- Giving fell 50% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4K (2020) to $9K (2021). In 2024 it made 1 grant totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Medical Center Foundatio Dallas, TX | For Assistance to Children | $4,392 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $563 | $600 | $1,500 | — | — | $1,500 | — |
| 2024 | $1,463 | $5,500 | $8,528 | $4,392 | 1 | $8,528 | — |
| 2023 | $4,491 | $8,089 | $5,089 | — | — | $4,094 | — |
| 2022 | $1,491 | — | $1,845 | — | — | $850 | — |
| 2021 | $3,336 | $8,433 | $15,105 | $8,757 | 2 | — | — |
| 2020 | $10,008 | $15,850 | $13,786 | $4,275 | 2 | — | $351 |
Leadership & Key People
Officers and directors from IRS filings
New Hope Foundation is led by Kip A. Petroff, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kip A. Petroff
President
On filings since 2020
1 hr/week
No compensation reported
Suzi Petroff
Secretary & Director
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about New Hope Foundation
How large is New Hope Foundation?
New Hope Foundation reported $563 in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $600.
Where does New Hope Foundation operate?
New Hope Foundation has awarded grants in Texas.
What is New Hope Foundation's EIN?
New Hope Foundation's EIN (Employer Identification Number) is 06-1831240. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 11, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in New Hope Foundation's focus areas in our free grants database
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New Hope Foundation down — hundreds of funders to go?