Mission Of Hope Inc
- Assets
- $2.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Knoxville, TN
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 62-1794508
Organization Overview
Mission Of Hope Inc is located in Knoxville, TN. The organization was established in 1999. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Mission Of Hope Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission 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 12/2021, Mission Of Hope Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 0.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AID TO POVERTY STRICKEN RURAL APPALACHIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE, SUPPORT, AND TO DISTRIBUTE FOOD, CLOTHING, TOYS AND HYGIENE ITEMS TO CHILDREN AND FAMILIES IN THE RURAL APPALACHIAN REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmette Thompson Executive Di | Officer | 40 | $117,669 |
Roger Davis Chairman | OfficerTrustee | 5 | $0 |
John Rymer Treasurer | OfficerTrustee | 5 | $0 |
Teresa Norris Secretary | OfficerTrustee | 5 | $0 |
Tiffany Baird Director | Trustee | 1 | $0 |
Anthony Collins Director | Trustee | 1 | $0 |
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 | $3,022,315 |
| Noncash contributions included in lines 1a–1f | $1,490,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,022,315 |
| Total Program Service Revenue | $0 |
| Investment income | $14,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,729 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,084,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,065,045 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,669 |
| Compensation of current officers, directors, key employees. | $23,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| 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 | $92,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,789 |
| Travel | $4,264 |
| 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 | $89,170 |
| Insurance | $22,681 |
| All other expenses | $26,018 |
| Total functional expenses | $2,793,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,749 |
| Savings and temporary cash investments | $1,919,058 |
| 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 | $182,611 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $554,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,912,415 |
| Accounts payable and accrued expenses | $32,921 |
| 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 | $32,921 |
| Net assets without donor restrictions | $2,434,181 |
| Net assets with donor restrictions | $445,313 |
| 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 | $2,912,415 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Mission Of Hope Inc has recieved totaling $160,439.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $52,500 |
Ted And Drama Russell Family Foundation Knoxville, TN PURPOSE: GENERAL SUPPORT | $50,000 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,041 |
The William B Stokely Jr Foundation Knoxville, TN PURPOSE: COMMUNITY MINISTRY | $5,000 |
Stowers Machinery Foundation Inc Knoxville, TN PURPOSE: 2021 SCHOLARSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Community Services League Of Jackson County Independence, MO | $10,715,608 | $18,545,815 |
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Blessings In A Backpack Inc Louisville, KY | $14,548,161 | $11,518,539 |
Missouri Valley Community Action Agency Marshall, MO | $8,413,322 | $11,809,512 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |