Future And Hope Inc
- Assets
- $1.6m
- Revenue
- $244.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Jerome, ID
- Founding
- 09/2006
- Data as of
- 12/2020
- EIN
- 20-4705409
Organization Overview
Future And Hope Inc is located in Jerome, ID. The organization was established in 2006. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future And Hope 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 12/2020, Future And Hope Inc generated $244.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $187.6k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADOPTION AND EDUCATION. THE ORGANIZATION CONTINUES PROGRAMS TO ASSIST WITH THE ADOPTION AND EDUCATION OF ORPHANS IN MALAWI AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES INCLUDES HOUSING AND EDUCATION IN FORMAL FACILITIES LOCATED ON PROPERTY OWNED BY THE ORGANIZATION IN MALAWI AFRICA. CONTRIBUTIONS COME FROM PUBLIC DONATIONS. EXPENSES ARE INCURRED FOR TEACHERS, HOUSE MOTHERS, OTHER LABORERS, FOOD, FARMING SUPPLIES, AND EDUCATION SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Hills President | OfficerTrustee | 20 | $0 |
Jerre Hills Director | OfficerTrustee | 2 | $0 |
Erica Evans Director | Trustee | 1 | $0 |
Lori Donaldson 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 | $235,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,263 |
| Total Program Service Revenue | $0 |
| Investment income | $9,434 |
| 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 | $244,697 |
| 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 | $30,747 |
| 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 | $0 |
| 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 | $13,211 |
| Insurance | $0 |
| All other expenses | $5,324 |
| Total functional expenses | $187,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,507 |
| 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 | $520,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $614,412 |
| Total assets | $1,628,115 |
| 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 | $1,628,115 |
| 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 | $1,628,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future And Hope Inc has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holt International Childrens Services Inc Eugene, OR | $24,744,384 | $31,010,509 |
WACAP World Association for Children and Parents Seattle, WA | $0 | $2,053,471 |
Heart To Heart Adoptions Sandy, UT | $703,351 | $2,645,951 |
Holt International Foundation Of China Eugene, OR | $28,775 | $2,379,545 |
Open Adoption & Family Services Inc Portland, OR | $1,389,687 | $1,661,234 |
A Childs Hope Foundation Orem, UT | $1,030,279 | $1,776,324 |
Heartline Ministries Sunnyside, WA | $2,436,062 | $1,276,298 |
Premier Adoption Agency Mesquite, NV | $2,033,840 | $1,139,441 |
A New Beginning Adoption Agency Inc Boise, ID | $248,643 | $901,241 |
Adoptive Families Coalition Hyde Park, UT | $217,951 | $741,735 |
Kidspire Portland, OR | $766,717 | $696,221 |
Wasatch International Adoptions Llc Ogden, UT | $362,098 | $651,097 |