Hopeworld Family Foundation
- Assets
- $575.3k
- Revenue
- $94.2k
- Investments
- $511.2k
- Employees
- 0
- Location
- Freehold, NJ
- Founding
- 06/2014
- Data as of
- 11/2023
- EIN
- 46-4348555
Organization Overview
Hopeworld Family Foundation is located in Freehold, NJ. The organization was established in 2014. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeworld Family 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 11/2023, Hopeworld Family Foundation generated $94.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $44.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jian Wu CEO | 2 | $0 | |
Xiaoyin Tang CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $88,558 |
| Interest on Savings | $3,243 |
| Dividends & Interest | $2,366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $482 |
| Printing and publications | $0 |
| Other expenses | $510 |
| Total operating and administrative expenses | $42,284 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $44,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,069 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $575,280 |
| Accounts payable and accrued expenses | $1,394 |
| 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 | $1,394 |
Grants Awarded
Over the last fiscal year, Hopeworld Family Foundation has awarded $2,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAOSEN VOCATIONAL SCHOOL PURPOSE: EDUCATIONAL | $1,600 |
CHINESE AMERICAN MUSEUM PURPOSE: CHARITABLE | $100 |
80-20 EDUCATIONAL FOUNDATION INC PURPOSE: EDUCATIONAL | $300 |