H O P E Inc
- Assets
- $24.9k
- Revenue
- $371.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Lawrenceville, GA
- Founding
- 03/2011
- Data as of
- 05/2022
- EIN
- 27-1578274
Organization Overview
H O P E Inc, operating under the name Hope Inc, is located in Lawrenceville, GA. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 05/2022, Hope Inc employed 7 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 05/2022, Hope Inc generated $371.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $429.2k during the year ending 05/2022. While expenses have increased by 31.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOPES MISSION IS TO INCREASE THE GRADUATION RATE AMONG HISPANIC HIGH SCHOOL STUDENTS THROUGH LEADERSHIP, EDUCATIONAL, AND COMMUNITY SERVICE. HOPE EXISTS TO BUILD COMMUNITIES FOR STUDENTS TO SUCCEED, FIND THEIR PURPOSE, AND BE WORLD CLASS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPES CORE OBJECTIVE IS TO PROVIDE STUDENTS WITH A COMMUNITY THAT EMPOWERS THEM TO THRIVE AND GROW HOLISTICALLY THROUGH LEADERSHIP DEVELOPMENT, EDUCATIONAL ATTAINMENT, AND SOCIAL RESPONSIBILITY. IN ITS 12 YEARS SERVING THE COMMUNITY, HOPE HAS EXPANDED ITS AFTER-SCHOOL PROGRAM, HOPE LEADERSHIP CHAPTERS, TO 72 HIGH SCHOOLS ACROSS GEORGIA, NORTH CAROLINA, AND CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Araya President And Co Founder | OfficerTrustee | 45 | $65,000 |
Angela Hurtado Vice President And Co Founder | OfficerTrustee | 45 | $60,000 |
Norma Marquez Director | Trustee | 2 | $0 |
Oscar Uribe Director | Trustee | 2 | $0 |
Mariela Romero Director | Trustee | 2 | $0 |
Ruben Cruz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $371,351 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,351 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $371,351 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $20,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,335 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,262 |
| Advertising and promotion | $22,410 |
| Office expenses | $7,443 |
| Information technology | $1,659 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,567 |
| Interest | $1,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,571 |
| All other expenses | $0 |
| Total functional expenses | $429,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,759 |
| 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 | $6,108 |
| Other assets | $0 |
| Total assets | $24,867 |
| Accounts payable and accrued expenses | $0 |
| 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 | $18,423 |
| Total liabilities | $18,423 |
| Net assets without donor restrictions | $6,444 |
| 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 | $24,867 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that H O P E Inc has recieved totaling $52,750.
| Awarding Organization | Amount |
|---|---|
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: THE HOPE LEGACY PROGRAMMING | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $17,500 |
Latino Community Fund Inc Atlanta, GA PURPOSE: Educational Grants | $10,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |