Future Hope Foundation
- Assets
- $806.8k
- Revenue
- $231.7k
- Investments
- $772.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 26-2199528
Organization Overview
Future Hope Foundation is located in Wilmington, DE. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Hope Foundation 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, Future Hope Foundation generated $231.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $36.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Future Hope Foundation has awarded 86 individual grants totaling $320,150. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Russel Lemcke Dir, VP | 1 | $0 | |
Katherine Lemcke Dir, Pres, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $284 |
| Dividends & Interest | $21,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $210,193 |
| Capital Gain Net Income | $210,193 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,178 |
| Total operating and administrative expenses | $14,115 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $36,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,317 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $806,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Future Hope Foundation has awarded $22,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FALMOUTH SERVICE CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
V-DAY PURPOSE: CITY OF JOY FUND | $7,000 |
INTERNATIONAL FUND FOR ANIMAL WELFARE INC PURPOSE: GENERAL & UNRESTRICTED | $500 |
WILD BIRD FUND INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |