Thomas Hope Foundation Inc
- Assets
- $91.1k
- Revenue
- $525.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Holtsville, NY
- Founding
- 10/2014
- Data as of
- 02/2022
- EIN
- 46-5277682
Organization Overview
Thomas Hope Foundation Inc is located in Holtsville, NY. The organization was established in 2014. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 02/2022, Thomas Hope Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas 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 02/2022, Thomas Hope Foundation Inc generated $525.5k in total revenue. All expenses for the organization totaled $484.8k during the year ending 02/2022. While expenses have increased by 77.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROMOTING DRUG ADDITCTION AWARENESS, PREVENTION AND AIDING THOSE SEEKING TREATMENT THROUGH EDUCATION, ADVOCACY, RESEARCH AND TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO PROMOTING DRUG ADDITCTION AWARENESS, PREVENTION AND AIDING THOSE SEEKING TREATMENT THROUGH EDUCATION, ADVOCACY, RESEARCH AND TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ventura President | OfficerTrustee | 60 | $85,000 |
Theresa Kroll Treasurer | OfficerTrustee | 1 | $15,150 |
Jack Magnani Secretary | OfficerTrustee | 1 | $0 |
Karen Reass Director | Trustee | 1 | $0 |
Robert Kent Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,478 |
| Total Program Service Revenue | $0 |
| Investment income | $47 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $525,525 |
| 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. | $100,150 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,328 |
| 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 | $36,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,698 |
| Travel | $5,182 |
| 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 | $15,007 |
| Insurance | $10,182 |
| All other expenses | $10,964 |
| Total functional expenses | $484,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,573 |
| 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 | $0 |
| Net Land, buildings, and equipment | $51,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,600 |
| Total assets | $91,141 |
| Accounts payable and accrued expenses | $10,000 |
| Grants payable | $0 |
| Deferred revenue | $19,717 |
| 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 | $5,000 |
| Other liabilities | $0 |
| Total liabilities | $34,717 |
| Net assets without donor restrictions | $56,424 |
| 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 | $91,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thomas Hope Foundation Inc has recieved totaling $54.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helio Health Inc Syracuse, NY | $72,770,323 | $84,614,502 |
Puerto Rican Orgnz To Motivate Enlighten & Serve Addicts Inc Bronx, NY | $96,919,355 | $79,584,077 |
Horizon House Rehabilitation Serv Inc Philadelphia, PA | $14,312,848 | $47,190,161 |
Northeast Treatment Centers Inc Philadelphia, PA | $32,576,263 | $43,098,585 |
The Connection Inc Middletown, CT | $7,357,877 | $41,021,166 |
Fortune Society Inc Long Island City, NY | $19,683,060 | $41,268,534 |
Vocational Instruction Project Community Services Inc Bronx, NY | $67,586,473 | $41,799,311 |
Palladia Inc New York, NY | $12,909,216 | $37,934,370 |
Rushford Center Inc Meriden, CT | $17,459,566 | $30,918,897 |
Gateway Rehabilitation Center Moon Township, PA | $23,829,344 | $31,864,968 |
Odyssey House Inc New York, NY | $54,299,421 | $30,044,456 |
Gosnold Inc Falmouth, MA | $11,214,398 | $30,130,611 |