Hopes Corner Inc
- Assets
- $3.5m
- Revenue
- $647.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3754161
Organization Overview
Hopes Corner Inc is located in Mountain View, CA. The organization was established in 2015. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopes Corner 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, Hopes Corner Inc generated $647.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $357.8k during the year ending 12/2021. 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 PROVIDE FOOD FOR THE HUNGRY AND SHOWERS FOR THE UNHOUSED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES ARE DIRECTED TOWARD THE MISSION OF FEEDING THE HUNGRY AND PROVIDING SHOWERS TO THE UNHOUSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
P Marcoux Secr | OfficerTrustee | 4 | $0 |
J Ho Treasurer | OfficerTrustee | 4 | $0 |
Cito Pres | OfficerTrustee | 4 | $0 |
W Qun E V. P. | OfficerTrustee | 4 | $0 |
M Hacker Dir | Trustee | 4 | $0 |
J Riemenschnitter Dir | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $613,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,347 |
| Total Program Service Revenue | $0 |
| Investment income | $465 |
| 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 | $647,261 |
| 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 | $46,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,101 |
| Fees for services: Management | $2,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $530 |
| 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 | $5,159 |
| Information technology | $1,160 |
| Royalties | $0 |
| Occupancy | $63,960 |
| 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 | $89,199 |
| Insurance | $9,222 |
| All other expenses | $1,413 |
| Total functional expenses | $357,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $693,737 |
| 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 | $2,815,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,509,187 |
| Accounts payable and accrued expenses | $9,444 |
| 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 | $9,444 |
| Net assets without donor restrictions | $3,499,743 |
| 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 | $3,509,187 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Hopes Corner Inc has recieved totaling $167,570.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $35,460 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,557 |
San Jose Mercury News Wish Book Fund Inc San Jose, CA PURPOSE: GENERAL OPERATING SUPPORT | $29,944 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $20,364 |
Callison Foundation San Francisco, CA PURPOSE: HUMAN SERVICES: PROVIDE HEALTHY MEALS, HOT SHOWERS, LINKAGES TO RESOURCES, AND ADVOCACY FOR PEOPLE IN NEED IN OUR COMMUNITY IN A DIGNIFIED AND WELCOMING ENVIRONMENT. | $20,000 |
Los Altos Community Foundation Los Altos, CA PURPOSE: OPERATIONS | $19,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feeding San Diego San Diego, CA | $19,422,905 | $77,648,775 |
Foodshare Inc Oxnard, CA | $17,778,364 | $49,627,077 |
Heart Of Compassion Distribution Montebello, CA | $1,795,358 | $41,165,475 |
Diabetes Prevention And Aid Fund Inc Nogales, AZ | $212,158 | $20,461,297 |
Placer Food Bank Roseville, CA | $7,740,934 | $18,026,272 |
Meals On Wheels People Inc Portland, OR | $42,017,296 | $20,790,063 |
Merced County Food Bank Merced, CA | $11,550,036 | $16,482,554 |
Akshaya Patra Foundation Usa Canoga Park, CA | $10,157,054 | $12,146,797 |
Flagstaff Family Food Center Flagstaff, AZ | $4,578,201 | $12,934,746 |
Touch Of Kindness Los Angeles, CA | $3,256,927 | $10,368,468 |
Urban Gleaners Portland, OR | $1,835,186 | $7,054,041 |
Gleaners Of Clackamas County Incorporated Oregon City, OR | $819,886 | $6,287,865 |