Good Hope Foundation
- Assets
- $7.1m
- Revenue
- $704.8k
- Investments
- $7.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-5646887
Organization Overview
Good Hope Foundation is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Hope 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 12/2022, Good Hope Foundation generated $704.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $221.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY CHARITABLE ACTIVITY CONSISTS OF MAKING CASH CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $361,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,429 |
| Capital Gain Net Income | $240,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,395 |
| Total Revenue | $704,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,076 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,904 |
| Total operating and administrative expenses | $71,155 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $221,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,336 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $596 |
| 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 | $6,456,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,062,234 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |