Compassionate Hope Foundation
- Assets
- $2.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Antioch, TN
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 27-4431021
Organization Overview
Compassionate Hope Foundation is located in Antioch, TN. The organization was established in 2012. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Compassionate Hope Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compassionate Hope 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 12/2022, Compassionate Hope Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 12.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL, PRACTICAL, AND COMPASSIONATE HELP TO MINISTRIES, PEOPLE GROUPS, OR INDIVIDUALS WHO ARE DISADVANTAGED IN THE SOCIETIES THEY LIVE IN.
Describe the Organization's Program Activity:
TO PROVIDE FINANCIAL, PRACTICAL, AND COMPASSIONATE HELP TO MINISTRIES, PEOPLE GROUPS, OR INDIVIDUALS WHO ARE DISADVANTAGED IN THE SOCIETIES THEY LIVE IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Henson President | OfficerTrustee | 40 | $71,500 |
Catherine Doyle Treasurer | OfficerTrustee | 20 | $13,500 |
Thad Keating Member | Trustee | 5 | $0 |
Jeff Schulte Member | Trustee | 5 | $0 |
John Doyle Vice President | OfficerTrustee | 5 | $0 |
Lynette Martens Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robbyn Abedi | 12/30/21 | $129,051 |
Todd Wermers | 12/30/21 | $167,311 |
Joel Peters | 12/30/21 | $123,525 |
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 | $3,382,929 |
| Noncash contributions included in lines 1a–1f | $18,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,382,929 |
| Total Program Service Revenue | $0 |
| Investment income | $3,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,387,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,588 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,579,620 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,600 |
| 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 | $2,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,088 |
| Fees for services: Other | $731,237 |
| Advertising and promotion | $60,757 |
| Office expenses | $8,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,089 |
| 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 | $2,279 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,694,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,112,686 |
| Savings and temporary cash investments | $996,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,856 |
| 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 | $6,296 |
| Net Land, buildings, and equipment | $8,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,134,973 |
| Accounts payable and accrued expenses | $6,000 |
| 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 | $0 |
| Total liabilities | $6,000 |
| Net assets without donor restrictions | $120,493 |
| Net assets with donor restrictions | $2,008,480 |
| 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 | $2,134,973 |