Hope Center Of Edmond
- Assets
- $1.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 37
- Location
- Edmond, OK
- Founding
- 06/1985
- Data as of
- 03/2022
- EIN
- 73-1242610
Organization Overview
Hope Center Of Edmond is located in Edmond, OK. The organization was established in 1985. 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 03/2022, Hope Center Of Edmond employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Center Of Edmond 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 03/2022, Hope Center Of Edmond generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.5m during the year ending 03/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE BASIC EMERGENCY NEEDS TO PEOPLE IN THE GREATER EDMOND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BASIC NECESSITIES TO LOW INCOME FAMILIES IN THE AREAS OF FOOD, CLOTHING, SHELTER, AND REFERRAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Sperry Exec Director | OfficerTrustee | 40 | $108,892 |
Jeff Massad Treasurer | Trustee | 5 | $0 |
Nicole Koehn Secretary | Trustee | 5 | $0 |
Robyn Heerwagen Past Chairman | Trustee | 5 | $0 |
Richard Books Board | Trustee | 5 | $0 |
Beth Degrace Board | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,307 |
| Total Program Service Revenue | $705,458 |
| Investment income | $16,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $423,841 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,619,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $471,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,892 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,327 |
| Payroll taxes | $52,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,115 |
| Advertising and promotion | $7,084 |
| Office expenses | $41,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,167 |
| Travel | $9,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,023 |
| Insurance | $39,488 |
| All other expenses | $0 |
| Total functional expenses | $1,455,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $991,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,014 |
| 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 | $13,270 |
| Net Land, buildings, and equipment | $562,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,687 |
| Total assets | $1,738,572 |
| Accounts payable and accrued expenses | $34,847 |
| 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 | $34,847 |
| Net assets without donor restrictions | $1,703,725 |
| 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 | $1,738,572 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Center Of Edmond has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Regional Food Bank Of Oklahoma Oklahoma City, OK PURPOSE: CAPACITY BUILDING GRANTS | $6,000 |
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 |
Galveston County Food Bank Texas City, TX | $6,843,848 | $17,758,776 |
Caritas Of Waco Waco, TX | $6,458,652 | $16,290,870 |
Metrocrest Services Farmers Branch, TX | $16,311,455 | $22,147,837 |
Missouri Valley Community Action Agency Marshall, MO | $8,413,322 | $11,809,512 |
Metro Caring Denver, CO | $9,274,494 | $12,161,402 |
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Emergency Family Assistance Association Inc Boulder, CO | $12,859,983 | $10,003,728 |
Community Action Agency Of Greater Kansas City Kansas City, MO | $3,181,804 | $8,038,211 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |