Center Of Hope
- Assets
- $9.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Anniston, AL
- Founding
- 08/2004
- Data as of
- 07/2023
- EIN
- 63-1275738
Organization Overview
Center Of Hope is located in Anniston, AL. The organization was established in 2004. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 07/2023, Center Of Hope employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center Of Hope 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 07/2023, Center Of Hope generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.5m during the year ending 07/2023. While expenses have increased by 3.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AID THOSE IN RECOVERY FROM SUBSTANCE ABUSE BY PROVIDING FOOD, CLOTHING, AND HOUSING. THE COUNSELORS PROVIDE EMOTIONAL AND SPIRITUAL SUPPORT. ORGANIZATION OPERATES A THRIFT STORE AS THE PRIMARY SOURCE OF FUNDS TO PROVIDE THESE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A WAREHOUSE AND THRIFT STORE AS THE PRIMARYSOURCE OF FUNDS TO PROVIDE CHRISTIAN COUNSELING SERVICES.
PROVIDE AID IN TANZANIA AFRICA TO INCLUDE SUPPORT FOR MISSIONS AND VARIOUS WATER PROJECTS.
OPERATE A PRIVATE EDUCATIION ACADEMY FOR GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Burns Director | OfficerTrustee | 65 | $104,000 |
Nicholas B Burns School Administrator | OfficerTrustee | 0 | $31,200 |
Shawn Danford Operation Dir | OfficerTrustee | 40 | $28,600 |
Sherrell Sears Operations Director Thrift | OfficerTrustee | 40 | $21,600 |
Mack Huckaby Board Member | OfficerTrustee | 3 | $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 | $4,518,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,518,425 |
| Total Program Service Revenue | $439,340 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,957,765 |
| 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. | $163,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $9,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,698 |
| Office expenses | $24,991 |
| Information technology | $2,349 |
| Royalties | $0 |
| Occupancy | $744,148 |
| Travel | $106,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,465 |
| Insurance | $238,720 |
| All other expenses | $933,238 |
| Total functional expenses | $3,470,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,725,104 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,418,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,143,682 |
| Accounts payable and accrued expenses | $44,416 |
| 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 | $44,416 |
| Net assets without donor restrictions | $9,099,266 |
| 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 | $9,143,682 |