Beacon Of Hope Inc is located in Atlanta, GA. As of 06/2017, Beacon Of Hope Inc employed 71 individuals. Beacon 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 06/2017, Beacon Of Hope Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: STRENGTHENING FAMILIES AND COMMUNITIES---SEE SCH O FOR CONTINUATION.OUR NAME--BEACON OF HOPE--DESCRIBES WHAT IS DESPERATELY NEEDED IN THE COMMUNITIES WE SERVE. POVERTY, FAMILY DYSFUNCTION, LACK OF EDUCATION, LACK OF SAFE AND DECENT HOUSING, WELFARE DEPENDENCY, JUVENILE DELINQUENCY, SUBSTANCE ABUSE, AND CRIME ARE CONDITIONS THAT SPAN MULTIPLE GENERATIONS. YET FOR PEOPLE CAUGHT UP IN THESE CIRCUMSTANCES, ENCOUNTERING JUST A GLEAM OF HOPE FOR A DIFFERENT KIND OF LIFE CAN START A PROCESS THAT BREAKS THE CYCLE AND LEAD TO A DIFFERENT FUTURE. THE CORE GOAL OF OUR ORGANIZATION IS TO STRENGTHEN AND TRANSFORM TROUBLED COMMUNITIES BY LIFTING CHILDREN AND THEIR FAMILIES OUT OF POVERTY. SUCH IMPACT IS ACCOMPLISHED BY PROVIDING NATIONAL AND STATE ACCREDITED FAMILY EDUCATION AND EMPOWERMENT PROGRAMS, COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING PROGRAMS, AND ADVOCACY (COMMUNITY ENGAGEMENT).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.EDUCATION: TO PROVIDE ACCREDITED, ACCESSIBLE, AND AFFORDABLE EARLY CHILDHOOD AND SCHOOL-AGED (OUT OF SCHOOL TIME) EDUCATIONAL SERVICES TO THE CHILDREN AND YOUTH OF THE OLD FOURTH WARD AND SURROUNDING POCKETS OF POVERTY THROUGHOUT METRO ATLANTA - THROUGH EVIDENCE-BASED INSTRUCTIONAL PROGRAMS DESIGNED TO PROMOTE CHILD AND YOUTH DEVELOPMENT IN ALL DEVELOPMENTAL DOMAINS - ENSURING THAT CHILDREN AND YOUTH ARE SUCCESSFUL IN SCHOOL AND IN LIFE.FAMILY EMPOWERMENT: TO CONSISTENTLY PROVIDE EFFECTIVE SERVICES THAT STRENGTHENS FAMILIES AND ENCOURAGES SUCCESSFUL LIVING - PERSONALLY AND WITHIN THE COMMUNITY.- MAINTAIN SAFE, HEALTHY, AND ECONOMICALLY-VIABLE ENVIRONMENTS FOR RESIDENTS; AND- ADDRESS THE VARIOUS NEEDS OF THE COMMUNITY IN AN EFFORT TO IMPROVE THE QUALITY OF LIFE THROUGH THE PROVISION OF OPPORTUNITIES RELATED TO: EMPLOYMENT, FAIR AND QUALITY HOUSING, FINANCIAL PLANNING, LIFE SKILLS, VIOLENCE AND DRUG PREVENTION/INTERVENTION.
SEE SCHEDULE O.COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING: TO PROVIDE SAFE AND DECENT AFFORDABLE HOUSING, AND INCREASE HOME AND BUSINESS OWNERSHIP BY MINORITY GROUPS WITHIN THE COMMUNITY -- FACILITATING AND ENCOURAGING HOME OWNERSHIP OPPORTUNITIES, AS WELL AS, SERVING AS AN EXAMPLE OF ECONOMIC DEVELOPMENT AND EMPOWERMENT THROUGH DIVERSE INVESTMENTS WITHIN THE AREA.ADVOCACY: TO PROMOTE CIVIC ENGAGEMENT -- AIMED AT EDUCATING AND EMPOWERING CITIZENS ABOUT THE IMPORTANCE OF REDUCING CRIME, DRUGS, VIOLENCE, AND UNEMPLOYMENT AND SHEDDING NEGATIVE COMMUNITY STIGMA (AS AN UNDESIRABLE LOCATION FOR BUSINESS AND RESIDENTIAL LIFE) -- THAT PROMOTES AND CREATES HEALTHY COMMUNITIES INHABITED WITH INFORMED, STRONG, SELF-SUFFICIENT FAMILIES WHOSE CHILDREN AND YOUTH SUCCEED IN SCHOOL AND IN LIFE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jock Chandler Director | Trustee | 2 | $0 |
Brock Harvey Director | Trustee | 4 | $0 |
Billie Hillard Director | Trustee | 2 | $0 |
Claudia Moeller Director | Trustee | 2 | $0 |
Kevin Phillips Chairman | OfficerTrustee | 10 | $0 |
Yolandra Alexander Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $46,804 |
Membership dues | $0 |
Fundraising events | $7,331 |
Related organizations | $0 |
Government grants | $461,911 |
All other contributions, gifts, grants, and similar amounts not included above | $39,894 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $555,940 |
Total Program Service Revenue | $593,513 |
Investment income | $180 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $254,106 |
Net Income from Fundraising Events | $90 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,415,062 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $160,000 |
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. | $23,277 |
Compensation of current officers, directors, key employees. | $1,182 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $701,990 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,062 |
Payroll taxes | $78,660 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $58,850 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $47,571 |
Advertising and promotion | $10,831 |
Office expenses | $52,633 |
Information technology | $1,404 |
Royalties | $0 |
Occupancy | $220,925 |
Travel | $103,883 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,101 |
Interest | $14,738 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $41,164 |
Insurance | $40,482 |
All other expenses | $8,937 |
Total functional expenses | $1,709,233 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $152,989 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,919 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $154,908 |
Accounts payable and accrued expenses | $132,108 |
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 | $22,800 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $154,908 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $0 |