Faith Hope & Love Mentoring
- Assets
- $429.7k
- Revenue
- $270.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Charlotte, NC
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-3958526
Organization Overview
Faith Hope & Love Mentoring is located in Charlotte, NC. The organization was established in 2006. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Faith Hope & Love Mentoring employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Hope & Love Mentoring 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 12/2023, Faith Hope & Love Mentoring generated $270.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $235.0k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A HOME FOR HURTING TEENS-WE ACCEPT BOYS AND GIRLS BETWEEN THE AGES OF 12 AND 17 REGARDLESS OF THEIR RACE OR RELIGIOUS BACKGROUND. FAITH HOPE & LOVE MENTORING SEEKS TO HEAL THE HURTS OF TEENS AND RESTORE THEIR FAMILIES SO THAT THEY CAN REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAITH HOPE & LOVE MENTORING IS AN AFTER SCHOOL PROGRAM THAT WORKS WITH CHILDREN AND FAMILIES TO BRING CHILDREN TO GRADE LEVEL AND ESTABLISH THE FAMILIES IN A POSITION TO EQUIP THEIR CHILDREN FOR SUCCESS. THERE ARE 14 CHILDREN IN THE PROGRAM WHICH SERVES A TOTAL NUMBER OF 37 INCLUDING FAMILY MEMBERS. FAITH HOPE & LOVE HAS BEEN 100% SUCCESSFUL IN RAISING THE CHILDREN TO GRADE LEVEL. WE HAVE ALSO REACHED 80% OF OUR LIFE SKILLS INVENTORY AND HAVE PLACED INDIVIDUAL CHILDREN IN PRIVATE COUNSELING DUE TO OUR ASSESSMENTS AND DEPRESSION SURVEYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristy Davis Director | Officer | 40 | $89,197 |
Brad Cherry Vice-Chairma | Officer | $0 | |
Chris Connif Secretary | Officer | $0 | |
Scott Goldstein Treasurer | Officer | $0 | |
Mike Griffith Chairman | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,437 |
| Total Program Service Revenue | $0 |
| Investment income | $5,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,886 |
| Advertising and promotion | $276 |
| Office expenses | $3,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,416 |
| All other expenses | $4,188 |
| Total functional expenses | $235,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,531 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,157 |
| Total assets | $429,688 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $429,688 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $429,688 |