New Hope Foundation
- Assets
- $22.3m
- Revenue
- $811.7k
- Investments
- $18.7m
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 42-1395902
Organization Overview
New Hope Foundation is located in Muscatine, IA. The organization was established in 1993. 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. New 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, New Hope Foundation generated $811.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, New Hope Foundation has awarded 435 individual grants totaling $2,560,950. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF OCTAGON PLACE, MUSCATINE, IA AS A HISTORICAL SITE, OFFICES FOR NON-PROFIT ORGANIZATIONS, AND NATURE PRESERVE.
OPERATION AND MAINTENANCE OF SUNSET DRIVE NATURE PRESERVE, MUSCATINE, IA.
SUPPORT FOR UNITED MARRIAGE ENCOUNTER, A 501(C)(3) ORGANIZATION, AND ITS PROGRAM SERVICES TO STRENGTHEN MARRIAGE AND FAMILIES.
COMMUNITY OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea S Wells President | 40 | $171,048 | |
Christopher S Ingstad Treasurer | 5 | $0 | |
Charlene Knutsen Director | 1 | $0 | |
Harry L Knutsen Director | 1 | $0 | |
Robert H Solt Chairman | 5 | $0 | |
Dana D Solt Vice Chairman & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,496 |
| Dividends & Interest | $393,594 |
| Net Rental Income | $96,757 |
| Net Gain on Sale of Assets | $371,153 |
| Capital Gain Net Income | $371,153 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$82,880 |
| Total Revenue | $811,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $171,048 |
| Other employee salaries and wages | $160,021 |
| Pension plans, employee benefits | $94,644 |
| Interest | $0 |
| Taxes | $10,157 |
| Depreciation | $24,880 |
| Occupancy | $91,802 |
| Travel, conferences, and meetings | $3,847 |
| Printing and publications | $0 |
| Other expenses | $24,107 |
| Total operating and administrative expenses | $612,729 |
| Contributions, gifts, grants paid | $570,750 |
| Total expenses and disbursements | $1,183,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,697 |
| Savings and temporary cash investments | $355,064 |
| Net Accounts receivable | $617 |
| 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 | $15,643 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,813,194 |
| Other assets | $41,047 |
| Total assets | $22,314,709 |
| Accounts payable and accrued expenses | $1,557 |
| 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 | $1,557 |
Grants Awarded
Over the last fiscal year, New Hope Foundation has awarded $570,750 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA USA PURPOSE: EDUCATIONAL, CHARITABLE | $10,000 |
ALLIANCE DEFENDING FREEDOM PURPOSE: RELIGOUS, CHARITABLE, HUMAN RIGHTS | $27,500 |
AMERICAN HERITAGE GIRLS PURPOSE: EDUCATIONAL, CHARITABLE, YOUTH | $1,000 |
BIRTHRIGHT OF BLACKHAWK COUNTY PURPOSE: CHARITABLE, PREGNANCY SUPPORT, SANCTITY OF LIFE | $7,500 |
ASBURY THEOLOGICAL SEMINARY PURPOSE: EDUCATIONAL, RELIGIOUS, CHRISTIAN SEMINARY | $1,000 |
BIBLE STUDY FELLOWSHIP PURPOSE: RELIGIOUS, CHARITABLE, EDUCATIONAL | $20,000 |