Good Hope Foundation Inc
- Assets
- $1.1m
- Revenue
- $14.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 27-4293200
Organization Overview
Good Hope Foundation Inc is located in Morristown, NJ. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Hope Foundation 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 12/2022, Good Hope Foundation Inc generated $14.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.9%) each year. All expenses for the organization totaled $131.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Good Hope Foundation Inc has awarded 84 individual grants totaling $706,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Vi Courtemanche President/secretary | 1 | $0 | |
Robert H Courtemanche Treasurer | 1 | $0 | |
Edwin W Courtemanche Trustee | 0 | $0 | |
Peter M Courtemanche Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $18,759 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,786 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186 |
| Total operating and administrative expenses | $1,764 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $131,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,197 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,073,888 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Good Hope Foundation Inc has awarded $130,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK EXPERIENCE PURPOSE: TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $5,000 |
BONNIE BRAE PURPOSE: TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/EDUCATIONAL/SOCIAL TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/EDUCATIONAL | $12,500 |
BRIDGES BALTIMORE PURPOSE: TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $5,000 |
ENOCH PRATT FREE LIBRARY PURPOSE: TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/RELIGIOUS/EDUCATIONAL | $11,000 |
EVERY MOTHER COUNTS PURPOSE: TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION- CHARTIABLE/MEDICAL/EDUCATIONAL | $3,000 |
FOUNDATION FOR MORRISTOWN MEDICAL CENTER PURPOSE: TO ACCOMPLISH THE CHARITABLE PURPOSE OF THE FOUNDATION - CHARITABLE/MEDICAL/EDUCATIONAL | $10,000 |