Public Charity

The Hopeless Foundation DBA Sub City

The Hopeless Foundation DBA Sub City is a Public Charity headquartered in Van Nuys, CA. Financial data from the 2024 filing: $153K revenue, $82K expenses, $371K total assets. IRS filings disclose 5 grants awarded by this foundation, totaling roughly $59K.

EIN: 383777239 Van Nuys, CA Latest filing: 2024
Total Revenue$153K
Total Expenses$82K
Total Assets$371K
Grants Given5
Grant Total$59K
Filing Years2020–2024

Mission

The mission of the Foundation is to bridge musicians with their fans through the issues that touch their hearts. The Foundation was created with the realization that music touches the lives of young people in ways directly connected to their passions, identities, and lifestyles becoming part of who they are as human beings. Music transcends our differences, bringing diverse young people into a positive and collaborative communities. Additionally, young people are eager and passionate about critical issues that face their communities and humanity. The Foundations mission is to connect young people through music to organizations and resources where they can make a difference.From health issues (depression, suicide prevention, AIDS) to conservation (global warming, wildlife conservation) to conflict resolution (gang prevention, community centers), just to name a few, young people are inspired by music to get involved and make a positive impact on the world. With the information, tools, an

Sample Grants Given

CHARITIES BELOW 5000 22
VARIOUS, CA · 2023
$14,814
TWLOHA Inc
Melbourne, FL · 2023
$12,509
The Trevor Project Inc
West Hollywood, CA · 2023
$11,694
Hope for the Day
Chicago, IL · 2023
$11,678
Crisis Text Line Inc
New York, NY · 2023
$8,184

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

CFO Ben Posen
Secretary Jo Ann Oster
President Louis D Posen

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$58,879 5 grants

Financial Trends

Year Revenue Expenses Assets
2024 $153K $82K $371K
2023 $75K $78K $301K
2022 $107K $64K $310K
2021 $81K $78K $260K
2020 $64K $75K $257K

Between 2020 and 2024, reported annual revenue grew from $64K to $153K (+138%), with total assets most recently reported at $371K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CA, FL, IL, NY.

CAFLILNY

Full geographic grant map with state-by-state breakdown available with membership.

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