Circle Of Hope Inc
- Assets
- $543.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 04/2009
- Data as of
- 06/2021
- EIN
- 26-3478964
Organization Overview
Circle Of Hope Inc is located in Needham, MA. The organization was established in 2009. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle 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 06/2021, Circle Of Hope Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 6.7% 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
PROVIDE HOMELESS CHILDREN, WOMEN, AND MEN IN AND AROUND BOSTON WITH CLOTHING AND NECESSITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOMELESS PEOPLE IN AND AROUND BOSTON WITH CERTAIN NECESSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Reese Treasurer | OfficerTrustee | 10 | $0 |
Barbara Waterhouse President | OfficerTrustee | 30 | $0 |
Peter Donovan Director | OfficerTrustee | 1 | $0 |
Bruce Goody Director | Trustee | 1 | $0 |
Sarah Hart Director | Trustee | 1 | $0 |
Courtney Doyle Clerk | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,213 |
| Investment income | $242 |
| 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 | $1,178,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $712,608 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $127,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,145 |
| Advertising and promotion | $6,066 |
| Office expenses | $11,564 |
| Information technology | $3,822 |
| Royalties | $0 |
| Occupancy | $57,811 |
| Travel | $2,398 |
| 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 | $8,467 |
| Insurance | $2,412 |
| All other expenses | $0 |
| Total functional expenses | $1,048,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,126 |
| Savings and temporary cash investments | $5,075 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $543,201 |
| Accounts payable and accrued expenses | $20,036 |
| 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 | $20,036 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $523,165 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Circle Of Hope Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $21,000 |
Endowment Analysis
| Beg. Balance | $5,000 |
| Net Contributions | $5,000 |
| Ending Balance | $10,000 |
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