Heralds Of Hope Inc
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $1.0m
- Employees
- 9
- Location
- Breezewood, PA
- Founding
- 12/1967
- Data as of
- 12/2021
- EIN
- 23-6434992
Organization Overview
Heralds Of Hope Inc is located in Breezewood, PA. The organization was established in 1967. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Heralds Of Hope Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heralds Of 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 12/2021, Heralds Of Hope Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.3% 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
PREPARATION AND PRESENTATION OF RADIO BROADCASTS AND DISTRIBUTION OF CHRISTIAN LITERATURE AND BIBLES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATION AND PRESENTATION OF RADIO BROADCASTS AND DISTRIBUTION OF CHRISTIAN LITERATURE AND BIBLES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony High Executive Director | OfficerTrustee | 40 | $60,991 |
Mark Newswanger Board Member | Trustee | 1 | $0 |
Dan Weaver Board Member | Trustee | 1 | $0 |
Anthony Hollinger Chairman | Trustee | 1 | $0 |
Jeffrey Stoner Secretary-Treasurer | Trustee | 1 | $0 |
Brad Hawbaker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,248 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,879,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,011,244 |
| Total Program Service Revenue | $0 |
| Investment income | $22,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,900 |
| Net Gain/Loss on Asset Sales | $2,818 |
| Net Income from Fundraising Events | -$29,217 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,027,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $344,795 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,991 |
| Compensation of current officers, directors, key employees. | $39,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,402 |
| Pension plan accruals and contributions | $4,188 |
| Other employee benefits | $22,365 |
| Payroll taxes | $25,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,516 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,777 |
| Office expenses | $1,417 |
| Information technology | $18,714 |
| Royalties | $0 |
| Occupancy | $13,002 |
| Travel | $26,486 |
| 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 | $27,012 |
| Insurance | $0 |
| All other expenses | $65,660 |
| Total functional expenses | $1,529,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,643 |
| Savings and temporary cash investments | $511,535 |
| 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 | $53,465 |
| Prepaid expenses and deferred charges | $95,043 |
| Net Land, buildings, and equipment | $274,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,015,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,281,668 |
| Accounts payable and accrued expenses | $67,781 |
| 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 | $87,842 |
| Total liabilities | $155,623 |
| Net assets without donor restrictions | $1,562,873 |
| Net assets with donor restrictions | $563,172 |
| 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 | $2,281,668 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Heralds Of Hope Inc has recieved totaling $359,799.
| Awarding Organization | Amount |
|---|---|
Anabaptist Foundation Lewisburg, PA PURPOSE: Operations | $274,157 |
Oneshare International Irving, TX PURPOSE: To support international radio broadcasts | $50,000 |
Christian Aid Ministries Foundation Berlin, OH PURPOSE: Operations | $24,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $6,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Fund Lancaster, PA | $1,202,815 | $6,473,127 |
Nextbook Inc New York, NY | $1,137,496 | $6,280,480 |
Pocket Testament League Inc Lititz, PA | $2,734,106 | $3,853,186 |
Commentary Inc New York, NY | $6,537,680 | $2,900,591 |
Swedenborg Foundation Inc West Chester, PA | $21,667,132 | $1,952,977 |
Scepter Publishers Strongsville, OH | $5,732,746 | $2,811,473 |
Paulist Press Inc Mahwah, NJ | $4,505,578 | $989,159 |
Moments With The Book Bedford, PA | $1,455,077 | $1,921,341 |
Presbyterian & Reformed Publishing Co Phillipsburg, NJ | $5,247,235 | $1,819,033 |
Heralds Of Hope Inc Breezewood, PA | $2,281,668 | $2,027,863 |
Chayenu Inc Brooklyn, NY | $453,060 | $1,363,073 |
Catholic Star Herald Camden, NJ | $352,087 | $1,261,448 |