Theres Hope For The Hungry Inc is located in Cumming, GA. The organization was established in 2013. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Theres Hope For The Hungry Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theres Hope For The Hungry 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, Theres Hope For The Hungry Inc generated $944.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $834.6k during the year ending 12/2021. While expenses have increased by 8.0% 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
TO SPREAD THE GOSPEL THROUGH DISTRIBUTION OF FOOD, SERVICES, SUPPLIES AND OTHER DAILY STAPLES IN SUPPORT OF THESE INDIVIDUALS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SPREAD THE GOSPEL THROUGH THE DISTRIBUTION OF FOOD TO THE NEEDY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mr Melvin Benson Treasurer | Officer | 1 | $58,900 |
Ms Patty Redding Secretary | Officer | 1 | $33,500 |
Dr Richard Lee Board Member | Trustee | 1 | $28,000 |
Mr Lanny Hill Vice President | Officer | 1 | $0 |
Dr Jeff Jackson President | Officer | 5 | $0 |
Mr Tom Paul Board Member | Trustee | 1 | $0 |
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 | $927,147 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $927,147 |
Total Program Service Revenue | $0 |
Investment income | $2,025 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $15,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $944,172 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $540,199 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $47,250 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,788 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $885 |
Office expenses | $5,700 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $59,877 |
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 | $39,484 |
Insurance | $25,100 |
All other expenses | $16,878 |
Total functional expenses | $834,641 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $532,669 |
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 | $0 |
Prepaid expenses and deferred charges | $7,640 |
Net Land, buildings, and equipment | $142,166 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $682,475 |
Accounts payable and accrued expenses | $7,346 |
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 | $7,346 |
Net assets without donor restrictions | $0 |
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 | $675,129 |
Total liabilities and net assets/fund balances | $682,475 |
Over the last fiscal year, we have identified 3 grants that Theres Hope For The Hungry Inc has recieved totaling $2,768.
Awarding Organization | Amount |
---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 02/03/21 | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $768 |
Organization Name | Assets | Revenue |
---|---|---|
Palm Beach County Food Bank Inc Lake Worth, FL | $16,090,955 | $23,359,181 |
The Agricultural And Labor Program Incorporated Winter Haven, FL | $4,340,661 | $21,365,462 |
Feed The Hungry Pantry Of Palm Beach County Inc Palm Beach Gardens, FL | $2,402,635 | $15,510,300 |
Our Daily Bread Of Tennessee Inc Knoxville, TN | $2,326,524 | $13,713,547 |
Meals Of Hope Inc Naples, FL | $3,167,317 | $11,316,871 |
Council Services Inc Americus, GA | $11,942,180 | $9,376,326 |
International Care Ministries St Augustine, FL | $1,310,603 | $7,636,096 |
Second Helpings Atlanta Inc Atlanta, GA | $1,164,616 | $7,933,266 |
Georgia Nutritional Services Inc Conyers, GA | $1,305,106 | $6,913,092 |
Housing First Inc Mobile, AL | $744,831 | $5,672,960 |
Waste Not Want Not Inc Orange Park, FL | $437,829 | $4,814,477 |
Of One Accord Inc Rogersville, TN | $2,058,166 | $4,725,559 |