Know Hope Foundation Inc
- Assets
- $502.2k
- Revenue
- -$3.5m
- Investments
- $44.8k
- Employees
- 1
- Location
- Ashland, KY
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-0839849
Organization Overview
Know Hope Foundation Inc is located in Ashland, KY. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Know 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 12/2021, Know Hope Foundation Inc generated -$3.5m in total revenue. All expenses for the organization totaled $220.1k during the year ending 12/2021. While expenses have increased by 13.8% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION IS FOCUSED ON SUPPORT OF ORPHANED AND HOMELESS CHILDREN IN THE UKRAINE AND HAITI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION IS FOCUSED ON ORPHAN AND HOMELESS CHILDREN SUPPORT IN THE UKRAINE AND HAITI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon D Keeran Director | 0 | $0 | |
Mark Stuart Director | 0 | $0 | |
William Mcginniss Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $2,302 |
| Net Rental Income | -$80,329 |
| Net Gain on Sale of Assets | -$3,545,071 |
| Capital Gain Net Income | $2,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$3,495,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,376 |
| Taxes | $143 |
| Depreciation | $35,648 |
| Occupancy | $79,638 |
| Travel, conferences, and meetings | $2,763 |
| Printing and publications | $0 |
| Other expenses | $7,141 |
| Total operating and administrative expenses | $131,052 |
| Contributions, gifts, grants paid | $89,000 |
| Total expenses and disbursements | $220,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,418 |
| 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 | $44,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $502,168 |
| Accounts payable and accrued expenses | $1,128 |
| 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 | $1,128 |
Grants Awarded
Over the last fiscal year, Know Hope Foundation Inc has awarded $89,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHLAND CHRISTIAN CHURCH PURPOSE: OPERATIONAL SUPPORT | $31,000 |
Franklin, TN PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Decatur, AL PURPOSE: OPERATIONAL EXPENSES | $25,000 |
CHURCH OF WAUSEON OUTREACH PURPOSE: OPERATIONAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Blessing International Relief & Development Corp Virginia Beach, VA | $46,516,514 | $96,480,836 |
Blumont Global Development Inc Arlington, VA | $10,315,810 | $52,380,007 |
Christian Relief Services Charities Inc Alexandria, VA | $4,032,952 | $38,457,221 |
Lifesong For Orphans Inc Gridley, IL | $55,071,126 | $40,755,637 |
Christian Relief Services Charities Inc Alexandria, VA | $1,058,086 | $23,184,836 |
Blumont International Inc Arlington, VA | $12,865,572 | $19,569,982 |
Nph-Usa Chicago, IL | $9,523,398 | $16,657,427 |
Gleaning For The World Inc Concord, VA | $12,160,365 | $11,390,037 |
Coptic Orphans Support Association Merrifield, VA | $53,399,454 | $18,274,988 |
One Collective Nfp Elgin, IL | $3,863,320 | $13,470,210 |
Nascent Solutions Inc Alexandria, VA | $4,533,019 | $10,643,568 |
Good News In Action Inc Sidney, OH | $1,401,234 | $9,131,841 |