Inheritance Of Hope Inc
- Assets
- $2.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Seneca, SC
- Founding
- 12/2007
- Data as of
- 09/2022
- EIN
- 75-3243566
Organization Overview
Inheritance Of Hope Inc is located in Seneca, SC. The organization was established in 2007. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2022, Inheritance Of Hope Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inheritance 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 09/2022, Inheritance Of Hope Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $2.2m during the year ending 09/2022. While expenses have increased by 16.7% 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
INSPIRE HOPE IN YOUNG FAMILIES FACING THE LOSS OF A PARENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INHERITANCE OF HOPE'S MINISTRY SERVES CHILDREN AND FAMILIES FACING THE LOSS OF A PARENT WITH RESOURCES AND RELATIONSHIPS FOR THE PARTICULAR CHALLENGES THEY FACE. OUR SIGNATURE EVENTS AND ONGOING SERVICES PROVIDE CONTENT AND COMMUNITY FOR EACH MEMBER OF THE FAMILY SO THEY CAN KNOW THE HOPE OF BEING LOVED. WE DELIVERED 2,937 SERVICES FROM 10/01/21 THROUGH 09/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deric Milligan Chairman | Trustee | 40 | $95,862 |
Op Cooper Secretary | Trustee | 2 | $0 |
Richard Birney Director | Trustee | 2 | $0 |
R Paul Grady Director | Trustee | 2 | $0 |
Dan Barcus Director | Trustee | 2 | $0 |
Dan Dix Director | Trustee | 2 | $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 | $2,156,588 |
| Noncash contributions included in lines 1a–1f | $102,597 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,156,588 |
| Total Program Service Revenue | $0 |
| Investment income | $27,656 |
| 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 | $2,184,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $781,561 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,862 |
| Compensation of current officers, directors, key employees. | $9,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $863,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,561 |
| Payroll taxes | $75,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,849 |
| Fees for services: Accounting | $8,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,871 |
| 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 | $832 |
| Insurance | $3,477 |
| All other expenses | $25,855 |
| Total functional expenses | $2,170,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,109 |
| Savings and temporary cash investments | $1,281,091 |
| Pledges and grants receivable | $79,242 |
| 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 | $117,358 |
| Prepaid expenses and deferred charges | $31,251 |
| Net Land, buildings, and equipment | $2,993 |
| Investments—publicly traded securities | $871,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,465,824 |
| Accounts payable and accrued expenses | $121,007 |
| 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 | $121,007 |
| Net assets without donor restrictions | $2,344,817 |
| 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 | $2,465,824 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Inheritance Of Hope Inc has recieved totaling $487,356.
| Awarding Organization | Amount |
|---|---|
The Grace And Mercy Foundation Inc New York, NY PURPOSE: HUMANITARIAN | $275,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $79,700 |
Halliburton Charitable Foundation Houston, TX | | $51,900 |
Harrell Family Charities Inc Lakeland, FL PURPOSE: GENERAL FUND | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,860 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $7,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Business Solutions Inc Macon, GA | $8,126,960 | $20,420,375 |
Hamilton Childrens Institute Inc Dalton, GA | $1,033,474 | $4,156,317 |
A Haven Stone Mountain, GA | $9,172,741 | $3,908,641 |
Pats Place Child Advocacy Center Inc Charlotte, NC | $2,693,769 | $2,920,836 |
Inheritance Of Hope Inc Seneca, SC | $2,465,824 | $2,184,244 |
First Presbyterian Church Counseling Center Inc Columbia, SC | $365,128 | $1,673,919 |
Center For Counseling & Wellness North Myrtle Beach, SC | $374,595 | $1,435,032 |
Link Counseling Center Inc Sandy Spings, GA | $8,549,236 | $2,244,735 |
Exodus Outreach Foundation Inc Hickory, NC | $1,898,983 | $1,334,823 |
Park Place Outreach Inc Savannah, GA | $2,030,769 | $1,373,000 |
Safe Harbor Of Nc Inc Hickory, NC | $4,272,787 | $1,776,534 |
Dragonfly House Childrens Advocacy Center Mocksville, NC | $2,475,023 | $1,545,758 |