Circle Of Hope Ministries Inc
- Assets
- $833.9k
- Revenue
- $271.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaufort, SC
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 27-3678596
Organization Overview
Circle Of Hope Ministries Inc is located in Beaufort, SC. The organization was established in 2012. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Of Hope Ministries 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, Circle Of Hope Ministries Inc generated $271.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $123.4k during the year ending 12/2021. 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
FAITH BASED ORGANIZATION THAT IS COMMITTED TO THE BIBLICAL PRECEPT THAT WE SERVE GOD BY SERVING OTHERS. OUR MISSION IS TO FEED, CLOTHE, AND PROVIDE SHELTER TO THE HOMELESS, MINISTER TO THE SICK AND TO PRISONERS AN THE ASSIST EX-OFFENDERS IN THEIR EFFORT TO TRANSITION BACK INTO THE SOCIETY AS LAW ABIDING, PRODUCTIVE MEMBERS OF THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD AND TEMPORARY SHELTER TO THE HOMELESS AND HOMEBOUND SENIORS. TRANSPORTATION AND FOOD WAS PROVIDED TO THE HOMELESS TO OTHER AREAS IN THE COMMUNITY THAT COULD PROVIDE SHELTER. MEALS WERE DELIVERED TO THOSE THAT WERE SICK. HOSPITAL VISITATION. DEVELOP INDIVIDUAL SUCCESS PLANS TO THOSE WHO ARE HOMELESS WHO ARE WANTING MORE THAN JUST A HAND OUT BUT A HAND UP.
ASSISTED 64 HOMELESS VETERANS AND OTHERS IN NEED TO TRANSITION FROM HOMELESSNESS TO THEIR OWN RESIDENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dortch President And Executive Director | Officer | 40 | $0 |
Cynthia D Mitchell Secretary Treasurer | Officer | 2 | $0 |
Rev Donald Goodwine Chairman | Trustee | 1 | $0 |
Eulela Richardson Board Member | Trustee | 1 | $0 |
Candace Brasseur Board Member | Trustee | 1 | $0 |
Lawrence Maldonado Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,738 |
| Noncash contributions included in lines 1a–1f | $66,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,738 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $271,751 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| 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 | $0 |
| Advertising and promotion | $2,291 |
| Office expenses | $12,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,216 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,042 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $123,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,731 |
| 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 | $6,482 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $624,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $833,883 |
| 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 | $311,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $311,634 |
| Net assets without donor restrictions | $338,507 |
| Net assets with donor restrictions | $183,742 |
| 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 | $833,883 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Circle Of Hope Ministries Inc has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: HUMAN NEEDS GRANT | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inmates To Entrepreneurs Inc Holly Springs, NC | $136,748 | $3,570,078 |
First At Blue Ridge Inc Ridgecrest, NC | $3,154,011 | $2,730,223 |
Center For Community Transitions Charlotte, NC | $3,101,357 | $2,179,799 |
Turn90 Charleston, SC | $2,415,508 | $2,814,431 |
Black Liberation Fund Charleston, SC | $71,314 | $1,150,157 |
Crossroads Rescue Mission Shelby, NC | $588,598 | $947,969 |
Jumpstart Spartanburg, SC | $2,253,328 | $2,063,128 |
Freedom Life Ministries Marion, NC | $1,769,942 | $1,945,477 |
Soteria World Outreach Ministries Inc Greenville, SC | $2,176,414 | $1,240,278 |
Freshstart Visions North Charleston, SC | $376,704 | $556,694 |
His Perfect Love Ministries Monroe, NC | $200,029 | $409,365 |
Childrens Voice-C A S A Inc Douglasville, GA | $189,846 | $326,429 |