Hope Strengthens Foundation
- Assets
- $143.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-1653356
Organization Overview
Hope Strengthens Foundation is located in Marblehead, MA. The organization was established in 2010. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Strengthens Foundation 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 12/2023, Hope Strengthens Foundation generated $109.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $105.2k during the year ending 12/2023. While expenses have increased by 17.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
0
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Ferreira Executive Director | 30 | $50,000 | |
James Fahey Board Chair | 1 | $0 | |
Joseph Merry Director | 1 | $0 | |
Kerry Brothers Director | 1 | $0 | |
Richard Cook Director | 1 | $0 | |
Sarah Grady Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,817 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,153 |
| Other Revenue | $0 |
| Total Revenue | $108,970 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,825 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,913 |
| Total expenses | $105,203 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,169 |
| Other assets | $0 |
| Total assets | $143,169 |
| Total liabilities | $0 |
| Net assets or fund balances | $143,169 |