Blessed Hope Ministries Inc
- Assets
- $79.0
- Revenue
- $24.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Valdese, NC
- Founding
- Data as of
- 12/2017
- EIN
- 11-3677539
Organization Overview
Blessed Hope Ministries Inc is located in Valdese, NC. Blessed Hope Ministries 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 12/2017, Blessed Hope Ministries Inc generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $24.7k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTANCE FOR TROUBLED YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED TROUBLED YOUTH.
IN THE YEARD 2014 BLESSED HOPE MINISTRIES INC ATTENDED TO THE NEEDS OF FOUR YOUNG MEN. THESE YOUNG MEN COME FROM DIVERSE SOCIAL, AND ECONOMIC BACKGROUNDS. EACH YOUNG MAN HAS EXPERIENCED SOCIAL AND ACADEMIC CHALLENGES. BLESSED HOPE HAS PROVIDED FOR THE PHYSICAL AND EDUCATIONAL NEEDS OF THESE YOUNG MEN, AS WELL AS TRAINING, ENCOURAGEMENT, AND INSTRUCTION TO PROGRESS THEIR SOCIAL AND MORAL BEHAVIOR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Phipps Treasurer | OfficerTrustee | $0 | |
John G Whisnant President | OfficerTrustee | $0 | |
Crystal I Whisnnant Secretary | OfficerTrustee | $0 | |
Kenneth Frady Vice-Preside | OfficerTrustee | $0 | |
Lee Davis Trustee | Trustee | $0 | |
Blaine Hudson Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,384 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $75 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $70 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,550 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $243 |
| All other expenses | $1,095 |
| Total functional expenses | $24,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79 |
| Accounts payable and accrued expenses | $2,427 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,427 |
| Net assets without donor restrictions | -$2,348 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,348 |
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