Columbus Hope Foundations Inc
- Assets
- $201.2k
- Revenue
- $242.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Summerville, SC
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 62-1870323
Organization Overview
Columbus Hope Foundations Inc is located in Summerville, SC. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Hope Foundations 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 06/2022, Columbus Hope Foundations Inc generated $242.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $224.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Columbus Hope Foundations Inc has awarded 50 individual grants totaling $1,205,033. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS TO ORGANIZATIONS FOR THE CARE OR SUPPORT OF MENTALLY HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO ORGANIZATIONS FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Allen President | OfficerTrustee | 1 | $0 |
Anthony A Panek Secretary | OfficerTrustee | 1 | $0 |
David I Tibbs Treasurer | OfficerTrustee | 1 | $0 |
James Martin Director | Trustee | 1 | $0 |
Daniel E Barton Director | Trustee | 1 | $0 |
Gilbert T Cushing 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 | $242,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,823 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $242,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $218,679 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $224,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,498 |
| Savings and temporary cash investments | $61,704 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $201,202 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $201,202 |
| 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 | $201,202 |
Grants Awarded
Over the last fiscal year, Columbus Hope Foundations Inc has awarded $104,136 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS PURPOSE: FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS. | $37,663 |
PROGRAM FOR EXCEPTIONAL PEOPLE PURPOSE: FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS. | $29,723 |
JOY SCHOOLUNIVERSITY OF PAWLEYS ISLAND PURPOSE: FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS. | $12,293 |
PEE DEE CENTER PURPOSE: FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS. | $7,500 |
North Charleston, SC PURPOSE: FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS. | $5,968 |
Mt Pleasant, SC PURPOSE: FOR THE CARE AND SUPPORT OF MENTALLY HANDICAPPED PERSONS. | $5,508 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbus Hope Foundations Inc has recieved totaling $11,765.
| Awarding Organization | Amount |
|---|---|
Knights Of Columbus Charleston, SC PURPOSE: TO RENDER FINANCIAL AID TO MEMBERS AND THEIR FAMILIES | $11,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |