Bundles Of Hope Inc
- Assets
- $907.8k
- Revenue
- $994.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Birmingham, AL
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-3964034
Organization Overview
Bundles Of Hope Inc is located in Birmingham, AL. The organization was established in 2015. According to its NTEE Classification (R19) the organization is classified as: Support N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Bundles Of Hope Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bundles Of Hope 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, Bundles Of Hope Inc generated $994.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $851.4k during the year ending 12/2022. While expenses have increased by 41.7% per year over the past 6 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
TO PROVIDE DIAPERS, WIPES, AND PERIOD PRODUCTS TO INDIVIDUALS AND PARTNER AGENCIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUNDLES OF HOPE CARES FOR THE COMMUNITY BY MEETING THE BASIC, ESSENTIAL, MONTHLY NEEDS OF ALABAMA FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Gray Executive Director & Board | OfficerTrustee | 40 | $83,000 |
Tom Parrish President | OfficerTrustee | 1 | $0 |
Nancy Owen Board Member | Trustee | 3 | $0 |
Theresa Jones Board Member | Trustee | 1 | $0 |
Jennifer Mcnelly Board Member | Trustee | 1 | $0 |
Allyson Lewis Treasurer & Secretary | Officer | 15 | $13,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,165 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $904,057 |
| Noncash contributions included in lines 1a–1f | $564,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,222 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $994,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,500 |
| Compensation of current officers, directors, key employees. | $27,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $1,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,746 |
| Advertising and promotion | $2,942 |
| Office expenses | $1,597 |
| Information technology | $1,828 |
| Royalties | $0 |
| Occupancy | $41,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,236 |
| Insurance | $2,384 |
| All other expenses | $9,761 |
| Total functional expenses | $851,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,495 |
| 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 | $504,943 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,505 |
| Total assets | $907,801 |
| Accounts payable and accrued expenses | $10,270 |
| 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 | $126,505 |
| Total liabilities | $136,775 |
| Net assets without donor restrictions | $771,026 |
| 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 | $907,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Alliance For Free Citizens Inc Lake Wales, FL | $41,855 | $195,000 |
Equality Florida Action Inc St Petersburg, FL | $1,583,189 | $1,220,288 |
Bundles Of Hope Inc Birmingham, AL | $907,801 | $994,199 |
Citizens Commission On Human Rights Clearwater, FL | $201,942 | $393,218 |
Immigration Coalition Corporation Mt Dora, FL | $277,160 | $227,437 |
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Conservative Policy Leadership Institute Inc Smyrna, GA | $19,824 | $0 |
Your Real Stories Inc St Petersburg, FL | $30,354 | $0 |
Southern Truth And Reconciliation Inc Atlanta, GA | $2,865 | $0 |