Hope Ethiopia Inc
- Assets
- $619.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 20-4237175
Organization Overview
Hope Ethiopia Inc is located in Sunnyvale, CA. The organization was established in 2008. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Ethiopia 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 12/2021, Hope Ethiopia Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WORKS WITH SELECTED ETHIOPIAN NONPROFIT ORGANIZATIONS TO BRING HOPE TO ETHIOPIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE ENTERPRISES:PROVIDE FUNDING FOR CONTINUATION OF PHASE TWO OF SINTARO SCHOOL BUILDING PROJECT; FUNDING FOR STUDENT SCHOLARSHIPS AND EYE CLINIC AT HOPE ENTERPRISES SINTARO SCHOOL; FUNDING FOR OVERHEAD EXPENSES AT HOPE ENTERPRISES ROGGIE SCHOOL; FUNDING FOR EMERGENCY RELIEF AT HOPE ENTERPRISES DESSIE PROJECT; PROVIDE RESEARCH MATERIALS FOR HOPE UNIVERSITY COLLEGE; FUNDING FOR PURCHASE AND INSTALLATION OF A GENERATOR IN ROGGIE VILLAGE; FUNDING FOR STUDENT SCHOLARSHIPS; FUNDING FOR PROJECT MANAGEMENT AND ADMINISTRATION EXPENSES; SUPPORT COMMUNITY DEVELOPMENT PROJECTS.
ABRAHAM'S OASIS:PROVIDE SHELTER, FOOD, MEDICAL CARE, AND COUNSELING FOR CHILDREN; SUSTAIN SAFE HOUSES; FUNDING TO HELP REUNITE ORPHANS/STREET CHILDREN WITH RELATIVES; ONGOING CHILD SPONSORSHIPS; PROVIDE SEED AND OXEN FOR FARMERS; FUNDING FOR ORGANIZATIONAL OVERHEAD EXPENSES; PROVIDE ACCOMMODATION, FOOD, COUNSELING, AND TRAINING TO SUPPORT INTERNALLY DISPLACED WOMEN AND CHILDREN.
EVANGELICAL THEOLOGICAL COLLEGE (ETC):PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS; FUNDING FOR NEW CAMPUS BUILDING PROJECT; SUPPORT STAFF ATTENDANCE AT TRAINING CONFERENCE.
ETHIOPIAN GRADUATE SCHOOL OF THEOLOGY (EGST):SUPPORT RESEARCH AND DEVELOPMENT WORK IN THE CENTRE FOR ANCIENT CHRISTIANITY AND ETHIOPIAN STUDIES; FUNDING FOR ORGANIZATIONAL OVERHEAD COSTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Y Chan President | OfficerTrustee | 4 | $0 |
Gary Taggart Secretary | OfficerTrustee | 2 | $0 |
Anita L Lee Treasurer | OfficerTrustee | 8 | $0 |
Grant Bomze Director | Trustee | 2 | $0 |
Deborah Kilner Director | Trustee | 4 | $0 |
Alissa Shook Director | Trustee | 2 | $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 | $1,115,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,617 |
| Total Program Service Revenue | $0 |
| Investment income | $862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,708 |
| 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 | $1,216,412 |
| 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 | $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 | $0 |
| 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 | $97 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $5,495 |
| Total functional expenses | $1,222,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,738 |
| Savings and temporary cash investments | $141,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,746 |
| 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 | $0 |
| Total assets | $619,517 |
| 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 | $75,457 |
| Net assets with donor restrictions | $544,060 |
| 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 | $619,517 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hope Ethiopia Inc has recieved totaling $76,650.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $44,500 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $10,000 |
First Fruit Inc Newport Beach, CA PURPOSE: W/ EGST - STAFF SALARIES AND CONSULTANT AID | $9,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $7,630 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Without Borders International Camarillo, CA | $12,905,795 | $20,022,100 |
Assist International Inc Ripon, CA | $15,283,547 | $16,657,420 |
Maranatha Volunteers International Inc Roseville, CA | $22,832,161 | $24,229,076 |
Alliance For Medical Outreach And Relief Fresno, CA | $15,431,819 | $11,809,946 |
Iris Global Redding, CA | $6,251,509 | $13,219,595 |
Behring Global Educational Foundation Danville, CA | $225,486,118 | $12,863,733 |
Far Reaching Ministries Murrieta, CA | $21,362,367 | $12,281,756 |
Good Neighbors Usa Tustin, CA | $3,226,157 | $7,785,780 |
Ywam Ships Orange County Kailua Kona, HI | $1,414,962 | $7,142,839 |
Guara Bi Inc Las Vegas, NV | $2,785,131 | $6,283,964 |
Operation Usa Los Angeles, CA | $6,771,517 | $5,746,005 |
Onesky Berkeley, CA | $3,976,088 | $6,959,503 |