Vision Of Hope Ministries Inc
- Assets
- $1.6m
- Revenue
- $549.1k
- Investments
- $0.0
- Employees
- 23
- Location
- Lafayette, IN
- Founding
- 07/2006
- Data as of
- 06/2023
- EIN
- 20-4983677
Organization Overview
Vision Of Hope Ministries Inc is located in Lafayette, IN. The organization was established in 2006. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Vision Of Hope Ministries Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Of 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 06/2023, Vision Of Hope Ministries Inc generated $549.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $556.8k during the year ending 06/2023. While expenses have increased by 3.7% 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
RECOGNIZE THE WORTH AND SANCTITY OF HUMAN LIFE BY MINISTERING TO YOUNG WOMEN, CHILDREN, AND FAMILIES IN A CHRIST-CENTERED ENVIRONMENT. OFFER A FAITH-BASED RESIDENTIAL TREATMENT PROGRAM FOR GIRLS AGE 14-28 STRUGGLING WITH: UNPLANNED PREGNANCY, ALCOHOL OR DRUG ABUSE, EATING DISORDERS, OR SELF-HARM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL TREATMENT PROGRAM FOR GIRLS AGE 14-28 STRUGGLING WITH: UNPLANNED PREGNANCY, ALCOHOL OR DRUG ABUSE, EATING DISORDERS, OR SELF-HARM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Viars Director | Trustee | 0.5 | $0 |
Rob Green President | OfficerTrustee | 0.5 | $0 |
Matthew Westhuis CFO | Officer | 0 | $0 |
Amy Baker Secretary | OfficerTrustee | 0.5 | $0 |
Jana Kessler Director | Trustee | 0.5 | $0 |
Linda Rohrman Vice Preside | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,028 |
| Related organizations | $70,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $332,751 |
| Noncash contributions included in lines 1a–1f | $58,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,779 |
| Total Program Service Revenue | $58,594 |
| Investment income | $13,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,562 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$13,644 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,099 |
| 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 | $306,422 |
| Pension plan accruals and contributions | $722 |
| Other employee benefits | $77,864 |
| Payroll taxes | $21,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,070 |
| Fees for services: Accounting | $3,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $382 |
| Office expenses | $58,694 |
| Information technology | $2,468 |
| Royalties | $0 |
| Occupancy | $64,006 |
| Travel | $3,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,146 |
| All other expenses | $948 |
| Total functional expenses | $556,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,375 |
| Savings and temporary cash investments | $253,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,723 |
| Prepaid expenses and deferred charges | $13,138 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,207,885 |
| Total assets | $1,611,792 |
| Accounts payable and accrued expenses | $48,994 |
| 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 | $48,994 |
| Net assets without donor restrictions | $354,787 |
| Net assets with donor restrictions | $1,208,011 |
| 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 | $1,611,792 |
Grants Awarded
Over the last fiscal year, Vision Of Hope Ministries Inc has awarded $78,512 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH PROPERTIES PURPOSE: OPERATING EXPENSES | $33,512 |
FAITH BIBLICAL COUNSELING MINISTRIE PURPOSE: TRANFER OF GIFT | $25,000 |
FAITH CHRISTIAN SCHOOL PURPOSE: OPERATING EXPENSES | $20,000 |