Hope Global Initiative
- Assets
- $720.6k
- Revenue
- $521.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Newnan, GA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-1453055
Organization Overview
Hope Global Initiative is located in Newnan, GA. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hope Global Initiative employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Global Initiative 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 12/2021, Hope Global Initiative generated $521.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $260.1k during the year ending 12/2021. While expenses have increased by 36.9% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN, UNIFY AND BUILD THE CULTURAL, EDUCATIONAL, AND SOCIAL SERVICES OF COMMUNITIES BY BEING A COMPREHENSIVE COMMUNITY DEVELOPMENT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMPREHENSIVE AND HOLISTIC SERVICES AND PROGRAMS FOR THE DISADVANTAGED AND UNDERSERVED CHILDREN, YOUTH, AND FAMILIES TO STRENGTHEN AND TRANSFORM COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy L Ayers COO | 40 | $31,200 | |
Otis L Ayers III CEO | Officer | 40 | $0 |
Max O Yelkin Secretary | Trustee | 1 | $0 |
Jonathan M Pritchett Board Member | Trustee | 1 | $0 |
Caleb A Stanley Board Member | Trustee | 1 | $0 |
David L Sharp Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $487,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,202 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $521,211 |
| 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. | $31,200 |
| Compensation of current officers, directors, key employees. | $31,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,254 |
| Fees for services: Management | $1,189 |
| Fees for services: Legal | $3,189 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,355 |
| Office expenses | $2,236 |
| Information technology | $776 |
| Royalties | $0 |
| Occupancy | $31,381 |
| Travel | $5,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,445 |
| Interest | $1,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,522 |
| Insurance | $5,730 |
| All other expenses | $0 |
| Total functional expenses | $260,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,329 |
| 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 | $574,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $720,649 |
| 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 | $262,392 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,897 |
| Total liabilities | $265,289 |
| Net assets without donor restrictions | $455,360 |
| 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 | $720,649 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hope Global Initiative has recieved totaling $34,836.
| Awarding Organization | Amount |
|---|---|
The Coweta Community Foundation Inc Newnan, GA PURPOSE: FINANCIAL SUPPORT | $27,320 |
Major League Baseball Charities Inc New York, NY PURPOSE: GENERAL PURPOSE | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |