Ribbon Of Hope Inc
- Assets
- $285.1k
- Revenue
- $382.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Elkhart, IN
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 35-2118856
Organization Overview
Ribbon Of Hope Inc is located in Elkhart, IN. The organization was established in 2001. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Ribbon Of Hope Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ribbon Of 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 12/2021, Ribbon Of Hope Inc generated $382.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $236.3k during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIBBON OF HOPE IS HERE TO OFFER COMFORT, ENCOURAGEMENT AND HOPE THROUGH JESUS CHRIST TO THOSE WALKING WITH CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIBBON OF HOPE OFFERS A VARIETY OF PRACTICAL SERVICES TO ASSIST CANCER PATIENTS AND THEIR FAMILY MEMBERS WITH THE PRIMARY FOCUS OF CARING FOR THE SPIRITUAL AND EMOTIONAL NEEDS OF THE PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loretta Salchert Executive Director | Officer | 40 | $71,616 |
Rev Edward Arnold Vice Chair | OfficerTrustee | 1 | $0 |
Shaun Mawhorter Treasurer | OfficerTrustee | 1 | $0 |
Myndi Aven Chair | OfficerTrustee | 2 | $0 |
Scott Overmyer Secretary | OfficerTrustee | 2 | $0 |
Connie Fulmer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $354,748 |
| Noncash contributions included in lines 1a–1f | $26 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,181 |
| Total Program Service Revenue | $0 |
| Investment income | $96 |
| 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 | $382,277 |
| 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. | $72,754 |
| Compensation of current officers, directors, key employees. | $43,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,632 |
| Payroll taxes | $12,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $825 |
| Advertising and promotion | $3,634 |
| Office expenses | $12,905 |
| Information technology | $4,677 |
| Royalties | $0 |
| Occupancy | $6,981 |
| Travel | $3,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,320 |
| All other expenses | $4,359 |
| Total functional expenses | $236,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,524 |
| Savings and temporary cash investments | $6,547 |
| 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 | $2,680 |
| Net Land, buildings, and equipment | $63,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,462 |
| Total assets | $285,075 |
| Accounts payable and accrued expenses | $15,528 |
| 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 | $15,528 |
| Net assets without donor restrictions | $154,850 |
| Net assets with donor restrictions | $114,697 |
| 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 | $285,075 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ribbon Of Hope Inc has recieved totaling $25,062.
| Awarding Organization | Amount |
|---|---|
Elkhart General Hospital Inc Elkhart, IN PURPOSE: CANCER SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Endowment Analysis
| Beg. Balance | $6,975 |
| Earnings | $2 |
| Net Contributions | $743 |
| Ending Balance | $7,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Treatment Inc Festus, MO | $24,902,774 | $36,065,871 |
Chaddock Attachment And Trauma Services Quincy, IL | $19,468,438 | $21,746,572 |
The Josselyn Center Nfp Northfield, IL | $16,357,674 | $15,112,948 |
Acumen Counseling Services Inc Owensboro, KY | $1,207,799 | $10,883,382 |
Bootheel Counseling Services Sikeston, MO | $6,762,421 | $9,612,396 |
Logos Inc St Louis, MO | $7,626,334 | $4,766,788 |
Care And Counseling Inc Saint Louis, MO | $1,126,022 | $2,799,740 |
Rachel House Pregnancy Resource Centers Inc Lees Summit, MO | $2,044,144 | $2,805,390 |
Gildas Club Chicago Chicago, IL | $1,701,493 | $1,695,505 |
Family Concern Counseling Inc Valparaiso, IN | $458,348 | $1,532,037 |
St James Cathedral Counseling Center Chicago, IL | $3,004,025 | $1,382,949 |
Teamwork Associates Inc Madison, WI | $236,476 | $1,316,305 |