Heart Of Hope Ministries
- Assets
- $367.9k
- Revenue
- $133.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Rock Island, IL
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-0650299
Organization Overview
Heart Of Hope Ministries is located in Rock Island, IL. The organization was established in 2010. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Heart Of Hope Ministries employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Hope Ministries 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, Heart Of Hope Ministries generated $133.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $110.3k during the year ending 12/2021. While expenses have increased by 20.8% per year over the past 4 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
HEART OF HOPE MINISTRIES MISSION IS SPREAD BY THE COMMUNITY PROGRAMS IT OFFERS TO THE NEEDING PUBLIC IN THE QUAD CITY AREA CONSISTING OF THE FOLLOWING: FOOD PANTRY, CHARITABLE OUTREACH, AND MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE GREATER QUAD CITY AREA HEART OF HOPE MINISTRIES PROVIDES A WEEKLY FOOD PANTRY, CHARITABLE OUTREACH, AND MINISTRY TO THE GENERAL PUBLIC REGARDLESS OF AGE, SEX, RACE, CLASS, OR RELIGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Sargent Presidentceo | Officer | 40 | $14,100 |
Rosalind Burns Vice Chair | Officer | 1 | $0 |
Sue Kaiser Board Chair | Officer | 2 | $0 |
Melissa Rivers Secretary | Officer | 1 | $0 |
Kate Holte Board Member | Trustee | 1 | $0 |
George Carizey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $56,250 |
| Membership dues | $0 |
| Fundraising events | $7,897 |
| Related organizations | $51,902 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,744 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| 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 | $133,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,127 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,100 |
| Compensation of current officers, directors, key employees. | $2,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,886 |
| Fees for services: Management | $7,220 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,609 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,169 |
| 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 | $14,296 |
| Insurance | $0 |
| All other expenses | $3,806 |
| Total functional expenses | $110,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,250 |
| 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 | $309,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,917 |
| Accounts payable and accrued expenses | $10,193 |
| 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 | $10,193 |
| Net assets without donor restrictions | $357,724 |
| 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 | $367,917 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Heart Of Hope Ministries has recieved totaling $21,250.
| Awarding Organization | Amount |
|---|---|
United Way Quad Cities Bettendorf, IA PURPOSE: UW INVESTMENT IN INCOME STRATEGIES & DONOR DESIGNATED FUNDS | $13,250 |
Doris & Victor Day Foundation Inc Rock Island, IL PURPOSE: OPERATIONS | $5,000 |
Rauch Family Foundation I Inc Rock Island, IL PURPOSE: FOOD PANTRY | $2,000 |
Rock Island Community Foundation Rock Island, IL PURPOSE: SUPPORTS FAMILIES IN NEED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Family Services Merrionette Park, IL | $119,356,740 | $95,446,879 |
One Hope United Chicago, IL | $59,643,982 | $63,832,738 |
Four Oaks Family And Childrens Services Cedar Rapids, IA | $51,493,738 | $61,152,053 |
Lutheran Child And Family Services Of Illinois Oakbrook Terrace, IL | $17,176,506 | $37,749,748 |
Hillcrest Family Services Dubuque, IA | $25,783,146 | $22,464,986 |
Cap Services Inc Stevens Point, WI | $51,415,788 | $20,477,463 |
Family Focus Legacy Chicago, IL | $2,525,153 | $18,438,437 |
Mhnu Corporation Chicago, IL | $31,730,440 | $21,174,627 |
Family Services Of Northeast Wisconsin Inc Green Bay, WI | $20,431,269 | $18,504,506 |
Metropolitan Family Services Dupage Wheaton, IL | $0 | $16,523,351 |
Academie Lafayette Kansas City, MO | $17,489,585 | $15,520,106 |
Epworth Children & Family Services Inc Saint Louis, MO | $25,361,313 | $12,399,724 |