Hope
- Assets
- $245.2k
- Revenue
- $478.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Duluth, GA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1370074
Organization Overview
Hope, operating under the name Hope Inc, is located in Duluth, GA. The organization was established in 2010. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Hope Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Hope Inc generated $478.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $375.1k during the year ending 12/2021. While expenses have increased by 20.3% 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
H.O.P.E. INC.'S MISSION IS TO SERVE LOW-INCOME SINGLE PARENTS WORKING TO OBTAIN A COLLEGE DEGREE BY PROVIDING ASSISTANCE IN SUBSIDIZED HOUSING, CHILD CARE, SOCIAL SERVICES, AND LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE IS TO SERVE LOW-INCOME SINGLE PARENTS WORKING TO OBTAIN A COLLEGE DEGREE BY ASSISTING IN CHILDCARE ASSISTANCE, SUBSIDIZED HOUSING, AND PROVIDING SUPPORT WITH UTILITIES AND LIFE SKILL TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenita Smith President | OfficerTrustee | 40 | $54,962 |
Desha Jason Director | Officer | 1 | $0 |
Marion Quaye Treasurer | Officer | 1 | $0 |
Steve Dowdley Director | Officer | 1 | $0 |
John Bowers Chairman | Officer | 1 | $0 |
Lisa White Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,527 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,962 |
| Compensation of current officers, directors, key employees. | $16,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $116,246 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $375,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,110 |
| Savings and temporary cash investments | $0 |
| 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 | $110 |
| Total assets | $245,220 |
| Accounts payable and accrued expenses | $2,055 |
| 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 | $125,300 |
| Other liabilities | $0 |
| Total liabilities | $127,355 |
| Net assets without donor restrictions | $59,360 |
| Net assets with donor restrictions | $58,505 |
| 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 | $245,220 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hope has recieved totaling $105,258.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $30,796 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HUMAN SERVICES | $30,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HUMAN SERVICES | $20,000 |
Jackson Emc Foundation Inc Jefferson, GA PURPOSE: COMMUNITY ASSISTANCE | $10,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $9,451 |
Tr Uw Charles I Branan Las Vegas, NV PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Learning Institute Inc Tarpon Springs, FL | $9,314,882 | $36,728,738 |
Athens Regional Physician Services Inc Athens, GA | $5,832,166 | $29,787,030 |
American Maritime Officers Safety & Education Plan Dania Beach, FL | $9,015,305 | $20,171,131 |
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Continuing Education Company Palm Coast, FL | $2,142,823 | $4,620,080 |
Spanish American Basic Education And Rehabilitation Inc Saber Miami, FL | $1,202,159 | $3,782,505 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
I E C Social Educational & Humanitarian Aid Inc Orlando, FL | $3,778,105 | $3,335,745 |
Tampa Bay Innovation Hub Inc Tampa, FL | $14,630,343 | $4,568,115 |