Network For Hope Inc
- Assets
- $47.5m
- Revenue
- $52.7m
- Investments
- $28.9k
- Employees
- 197
- Location
- Louisville, KY
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 61-1122515
Organization Overview
Network For Hope Inc is located in Louisville, KY. The organization was established in 1987. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. As of 12/2023, Network For Hope Inc employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network For 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 12/2023, Network For Hope Inc generated $52.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $51.2m during the year ending 12/2023. While expenses have increased by 17.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ORGAN/TISSUE PROCUREMENT SERVICES AND OTHER BASIC HEALTHCARE RELATED ACTIVITIES.
Describe the Organization's Program Activity:
EXTRA-RENAL ORGAN TRANSPLANT
OTHER PROGRAM SERVICES - SHAREDSERV
KIDNEY RECOVERY FOR TRANSPLANT
TISSUE RECOVERY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathie Mcclure Director | Trustee | 1 | $0 |
Cheri Eskridge Director | Trustee | 1 | $0 |
David Foley MD Director | Trustee | 1 | $0 |
Jennifer Watkins Director | Trustee | 1 | $0 |
Eduardo Pino MD Director | Trustee | 1 | $0 |
Jessica Tretter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donum Ltd Traveling Coordinations | 12/30/23 | $1,306,946 |
Nationwide Organ Recovery Transport Transportation Service | 12/30/23 | $1,262,718 |
Donor Recovery Services Staffing Tissue/transplant Preservationi | 12/30/23 | $584,349 |
Tiesborden Mortuary Transportation Service | 12/30/23 | $514,372 |
Donor Staff Support Staffing Tissue/transplant Preservationi | 12/30/23 | $437,452 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,121 |
| Total Program Service Revenue | $51,640,074 |
| Investment income | $524,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$83,186 |
| Net Gain/Loss on Asset Sales | $101,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,651,303 |
| 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. | $1,448,521 |
| Compensation of current officers, directors, key employees. | $1,333,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,797,119 |
| Pension plan accruals and contributions | $838,137 |
| Other employee benefits | $1,685,949 |
| Payroll taxes | $1,086,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $281,191 |
| Fees for services: Accounting | $52,315 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,579 |
| Fees for services: Other | $616,455 |
| Advertising and promotion | $0 |
| Office expenses | $513,848 |
| Information technology | $644,546 |
| Royalties | $0 |
| Occupancy | $703,752 |
| Travel | $1,535,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143,701 |
| Interest | $428,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,159,864 |
| Insurance | $391,005 |
| All other expenses | $926,035 |
| Total functional expenses | $51,232,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,757,185 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,200,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,464,184 |
| Prepaid expenses and deferred charges | $417,088 |
| Net Land, buildings, and equipment | $10,839,234 |
| Investments—publicly traded securities | $10,658,305 |
| Investments—other securities | $28,903 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,085,991 |
| Total assets | $47,451,682 |
| Accounts payable and accrued expenses | $12,505,482 |
| 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 | $9,055,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $390,641 |
| Total liabilities | $21,951,261 |
| Net assets without donor restrictions | $23,811,965 |
| Net assets with donor restrictions | $1,688,456 |
| 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 | $47,451,682 |
Grants Awarded
Over the last fiscal year, Network For Hope Inc has awarded $122,872 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CIRCUIT CLERKS TRUST FOR LIFE INC PURPOSE: TO HELP FUND A POSITION IN EASTERN AND CENTRAL KENTUCKY TO GET PEOPLE TO SIGN UP ON THE DONOR REGISTRY. | $48,275 |
UNIVERSITY OF LOUISVILLE RESEARCH FOUNDATION PURPOSE: TO HELP FUND A FELLOWSHIP IN THE MEDICAL DIRECTOR'S OFFICE. | $74,597 |