Because Of Hope
- Assets
- $91.1k
- Revenue
- $207.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Santa Barbara, CA
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-2706532
Organization Overview
Because Of Hope is located in Santa Barbara, CA. 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, Because Of Hope employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Because Of Hope 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, Because Of Hope generated $207.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $199.5k during the year ending 12/2022. While expenses have increased by 9.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUBSTAINABLY EMPOWER WIDOWS AND ORPHANS IN UGANDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOH STUDENT SCHOLARSHIP PROGRAM: (BSSP)PROVIDES SCHOLARSHIPS FOR CHILDREN IN UGANDA TO GO TO SCHOOL. THERE WERE 19 STUDENTS IN THIS PROGRAM IN 2022.
GROUP DEVELOPMENT LOANS: THE ORGANIZATION WORKS WITH WOMEN FROM THREE VILLAGES IN UGANDA. OVER THE COURSE OF THE LAST FEW YEARS, THE ORGANIZATION HAS GIVEN EACH VILLAGE GROUP AN INTEREST-FREE LOAN TO DO A GROUP PROJECT. THE LOANS HAVE RANGED FROM $250-$450. THIS FUNDING HAS FLOWED THROUGH WOCAP, THE UGANDAN ORGANIZATION BECAUSE OF HOPE WORKS WITH.
THE BEADS PROJECT PROGRAM:APPROXIMATELY 47 WOMEN IN UGANDA ARE INVOLVED IN THIS JEWELRY & CRAFT MAKING PROGRAM IN UGANDA WHICH PROVIDES THEM WITH A SOURCE OF INCOME TO SUPPORT THEIR FAMILIES. THE ORGANIZATION USES THE NET INCOME FOR THE BEADS PROJECT EXPENSES AND OTHER PROGRAMS IN UGANDA.
AGRICULTURE PROGRAM:PROVIDES WOMEN IN UGANDA WITH TRAINING AND MENTORSHIP TO LEARN IMPROVED FARMING METHODS. THE WOMEN ALSO LEARN HOW TO RAISE FARM ANIMALS. THERE WERE APPROXIMATELY 80 FAMILIES WHO HAD ACCESS TO THIS PROJECT AND ABOUT 59 ACTIVELY PARTICIPATED IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Ruiz President/exec Director | OfficerTrustee | 40 | $31,826 |
John Hannon Vice President | OfficerTrustee | 1 | $0 |
Allison Butin Secretary | OfficerTrustee | 1 | $0 |
Glenn Owen Treasurer | OfficerTrustee | 1 | $0 |
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 | $196,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,918 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $10,871 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,789 |
| 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 | $54,526 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,826 |
| Compensation of current officers, directors, key employees. | $10,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $276 |
| Office expenses | $5,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,920 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,082 |
| All other expenses | $306 |
| Total functional expenses | $199,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,191 |
| Savings and temporary cash investments | $0 |
| 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 | $6,886 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,077 |
| Accounts payable and accrued expenses | $741 |
| 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 | $741 |
| Net assets without donor restrictions | $90,336 |
| Net assets with donor restrictions | $0 |
| 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 | $91,077 |