Hope Foundation
- Assets
- $1.5m
- Revenue
- $453.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MS
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 72-1366054
Organization Overview
Hope Foundation is located in Laurel, MS. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hope Foundation 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 12/2022, Hope Foundation generated $453.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $204.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hope Foundation has awarded 83 individual grants totaling $2,064,219. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT OTHER 501C3 ORGANIZATIONS IN SHARING THE GOSPEL OF JESUS CHRIST AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Headrick Vice-Preside | 0 | $0 | |
Burnice E Mccardle Jr Sec/treas | 0 | $0 | |
Brent Benson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $453,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $434 |
| Total operating and administrative expenses | $434 |
| Contributions, gifts, grants paid | $204,070 |
| Total expenses and disbursements | $204,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $848,254 |
| Savings and temporary cash investments | $444,862 |
| Net Accounts receivable | $246,372 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,539,488 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hope Foundation has awarded $166,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KENDRICK MINISTRIES PURPOSE: RELIGIOUS OUTREACH | $63,000 |
BAILEY SMITH MINISTRIES PURPOSE: RELIGIOUS OUTREACH | $12,000 |
GRACE INTERNATIONAL PURPOSE: RELIGIOUS OUTREACH | $30,000 |
ALPHA MINISTRIES PURPOSE: RELIGIOUS OUTREACH | $12,500 |
BAO TAYLOR PURPOSE: RELIGIOUS OUTREACH | $19,200 |
E3 PARTNERS MINISTRY PURPOSE: RELIGOUS OUTREACH | $15,000 |