Hope Venture
- Assets
- $440.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Lincoln, NE
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 27-0863959
Organization Overview
Hope Venture is located in Lincoln, NE. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Hope Venture employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Venture 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, Hope Venture generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 21.3% 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
THE HOPE VENTURE EXISTS TO BRING HOPE AND DIGNITY TO THE MOST DISADVANTAGED PEOPLE IN THE WORLD THROUGH EDUCATION AND HEALTH PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS: THE HOPE VENTURE STARTED 2021 SPONSORING 226 STUDENTS IN KENYA AND BY THE END WE HAD 341. THIS PROJECT PRIMARILY HELPS HIGH SCHOOL STUDENTS IN KENYA, WHERE THE DROUPOUT RATE BY HIGH SCHOOL IS NEARLY 60%. IN ADDITION TO THAT HOWEVER, THIS PROJECT ALSO SPONSORS A FEW STUDENTS IN UGANDA, AS WELL AS HELPS SCHOLARSHIP COLLEGE STUDENTS IN KENYA, RWANDA, AND SOUTH ASIA. IN 2021 THIS FUND ALSO HELPED SOME OF THESE STUDENTS' FAMILIES THROUGH THE PANDEMIC WITH ADDITIONAL HELP.
FOOD: IN 2021, THE HOPE VENTURE WAS ABLE TO HELP 2500 PEOPLE WITH FOOD. WE RAN 9 FEEDING CENTERS IN SOUTH ASIA, HELPED PROVIDE FOOD TO ONE SCHOOL IN KENYA BY GROWING CROPS, 400 FAMILIES WERE PROVIDED GOATS AS LIVESTOCK, AND LASTLY, WE PROVIDED HUNDREDS OF PEOPLE WITH COVID RELIEF.
FOOD: IN 2020, THE HOPE VENTURE WAS ABLE TO HELP 6774 PEOPLE WITH FOOD. WE RAN 8 FEEDING CENTERS IN SOUTH ASIA, HELPED PROVIDE FOOD TO THREE SCHOOLS IN KENYA BY GROWING CROPS, AND LASTLY, PROVIDED THOUSANDS OF PEOPLE WITH HELP DURING THE PANDEMIC.
FORM 990, PART III, LINE 4D: BREAKDOWN OF OTHER PROGRAM SERVICES: EDUCATION SKILLS: $28,292; EDUCATION CENTERS: $58,077; HEALTH SUPPLIES: $38,296; WATER: $23,006; HEALTH CENTERS: $19,939; MISC AID: $3,000; FIELD COORD: $40,812; MISC PROGRAM EXPENSES AS OUTLINED IN FORM 990 PART IX, COLUMN B: $125,093
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Petersen Executive Director | Trustee | 50 | $35,939 |
Jody Kongsjord Chairman / Treasurer | Trustee | 1 | $0 |
Katherine Stewart Secretary | Trustee | 1 | $0 |
Josh Davis Board Member | Trustee | 1 | $0 |
Matt Anderson Board Member | Trustee | 1 | $0 |
John Kroeker Vice Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $163,765 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $894,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,058,739 |
| Total Program Service Revenue | $0 |
| Investment income | $694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$44,118 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,015,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $668,011 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,051 |
| Compensation of current officers, directors, key employees. | $13,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,729 |
| Pension plan accruals and contributions | $5,634 |
| Other employee benefits | $17,015 |
| Payroll taxes | $14,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,490 |
| Advertising and promotion | $40,543 |
| Office expenses | $30,822 |
| Information technology | $2,558 |
| Royalties | $0 |
| Occupancy | $17,096 |
| Travel | $60,841 |
| 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 | $0 |
| Insurance | $3,512 |
| All other expenses | $0 |
| Total functional expenses | $1,074,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $439,995 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $439,995 |
| Accounts payable and accrued expenses | $1,102 |
| 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 | $16,592 |
| Total liabilities | $17,694 |
| Net assets without donor restrictions | $422,301 |
| 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 | $439,995 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Venture has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
English Language Institute In China Fort Collins, CO | $10,835,190 | $18,809,399 |
Engineers Without Borders Usa Inc Denver, CO | $11,070,406 | $9,132,500 |
Bridges To Prosperity Inc Denver, CO | $3,237,840 | $5,375,826 |
Outreach International Kansas City, MO | $4,310,238 | $3,767,343 |
Waterequity Inc Kansas City, MO | $22,174,909 | $3,748,536 |
Outreach Inc Union, IA | $5,436,657 | $3,524,242 |
Resource Exchange International Inc Colorado Springs, CO | $1,558,644 | $2,699,070 |
Mountainchild Inc Parker, CO | $2,969,952 | $2,168,702 |
Womens International Network For Guatemalan Solutions Inc Pueblo, CO | $1,992,400 | $1,829,087 |
Mercy & Sharing Carbondale, CO | $1,848,566 | $1,834,510 |
Palestinian American Medical Association Olathe, KS | $2,716,413 | $3,162,254 |
Water For Life Kalona, IA | $4,945,451 | $1,516,514 |