Onehope27 Inc
- Assets
- $427.8k
- Revenue
- $223.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Milwaukee, WI
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3664191
Organization Overview
Onehope27 Inc is located in Milwaukee, WI. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Onehope27 Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onehope27 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 12/2022, Onehope27 Inc generated $223.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $180.6k during the year ending 12/2022. 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 BRING HOPE TO KIDS FAMILIES INVOLVED IN FOSTER CARE IN MILWAUKEE COUNTY THROUGH THE CHURCH COMMUNITY AROUND THEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT HOME - WILL PROVIDE THE CONNECTION MOMS NEED TO SUCCEED WITH A MENTORING PROGRAM, PEER TEAM BUILDING, LIFE SKILLS CLASSES, AND LOW-COST HOUSING RIGHT IN THE HEART OF THE CITY. IN 2021, WE PURCHASED THE HOUSE AND STARTED RENOVATIONS. IN 2022, WE FINISHED RENOVATIONS, BUT RAN INTO A PERMITTING ISSUE. THE HOUSE BECAME OPERATIONAL IN 2023.
FOSTER COMMUNITY EVENTS - ONEHOPE27 HOSTED A CHRISTMAS EVENT FOR FOSTER FAMILIES. WE HOSTED ONE EVENT IN 2022.
PLACEMENT BAGS - THESE BAGS PROVIDE BASIC MATERIAL ITEMS TO FOSTER CHILDREN THAT THEY OFTEN LACK, INCLUDING PAJAMAS, CLOTHES, AND A PROPER BAG TO TRANSPORT THEIR BELONGINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Erzberger President | OfficerTrustee | 2 | $0 |
Kimberly Lowe Secretary | OfficerTrustee | 2 | $0 |
Jacob Wirth Treasurer | OfficerTrustee | 2 | $0 |
Erin Nasgovitz Director | Trustee | 1 | $0 |
George Matthews Director | Trustee | 1 | $0 |
Beth Carlin Director | Trustee | 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 | $180,149 |
| Noncash contributions included in lines 1a–1f | $6,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,149 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,156 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $1,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,279 |
| Payroll taxes | $8,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,890 |
| Travel | $563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395 |
| Insurance | $1,484 |
| All other expenses | $1,144 |
| Total functional expenses | $180,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,926 |
| Savings and temporary cash investments | $118,782 |
| Pledges and grants receivable | $60,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $244,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $427,760 |
| Accounts payable and accrued expenses | $4,228 |
| 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 | $4,228 |
| Net assets without donor restrictions | $342,029 |
| Net assets with donor restrictions | $81,503 |
| 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 | $427,760 |