Hope Ventures Inc is located in Pasadena, CA. The organization was established in 2017. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2022, Hope Ventures Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Ventures 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 12/2022, Hope Ventures Inc generated $249.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $161.9k during the year ending 12/2022. While expenses have increased by 8.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE TRAIN ORGANIZATIONS AROUND THE WORLD TO RAISE UP THRIVING BUSINESSES IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) IMPACT COACHING - HOPE VENTURES COACHED 15 INDIVIDUALS AND 3 GROUPS IN A VARIETY OF WAYS TOWARDS INCREASED COMMUNITY IMPACT AND SUSTAINABLE EXPRESSION OF CARE FOR THEIR LOCAL COMMUNITIES.(2) QUITO ENTREPRENEUR PROJECT - SERVES LOCAL IMPOVERISHED COMMUNITIES IN ECUADOR THROUGH THE LAUNCH OF A BUSINESS INCUBATOR PROGRAM WITH LOCAL PARTNERS. CONTINUED SUPPORT THROUGH COACHING, CONSULTING, MONITORING AND EVALUATION FOR ONGOING EFFORTS AMONG THE BUSINESS START-UP COMMUNITY.(3) HAITI ENTREPRENEUR PROJECT - SERVES IMPOVERISHED COMMUNITIES IN PORT AU PRINCE THROUGH THE SUPPORT OF A BUSINESS INCUBATOR PROGRAM RUN BY LOCAL PARTNERS. BASIC COACHING, CONSULTING, MONITORING AND EVALUATION FOR ONGOING EFFORTS AMONG LOCAL PARTNERS IN THE BUSINESS START-UP COMMUNITY. ON HOLD DUE TO CIVIL UNREST.(4) MALAWI - FACILITATED TRAINING FOR LOCAL BUSINESS MENTORS, TRAINERS, AND 16 ENTREPRENEURS IN LILONGWE TO START AND GROW BUSINESSES.(5) MANILA ENTREPRENEUR PROJECT - DUE TO THE RAMIFICATIONS OF THE PANDEMIC, WE CONTINUED DIALOGUE ON LAYING THE BASIC GROUNDWORK WITH LOCAL PARTNERS IN MANILA TO LAUNCH AN ENTREPRENEUR TRAINING PROGRAM. THIS WILL LAUNCH IN JANUARY OF 2024.(6) MOZAMBIQUE ENTREPRENEUR PROJECT - HELPED POULTRY FARMING PROJECT IN PARTNERSHIP WITH ANOTHER 501(C)(3), EXTREME RESPONSE. THE PROJECT INVOLVED GROWING A 2,000 BIRD-PER-CYCLE MAIN FARM, RETAIL OUTLETS, A LOCAL COOP THAT SUPPLIES THE CHICKENS, AND TRAINING FOR ASPIRING CHICKEN FARMERS. THE PROJECT HAD TO NAVIGATE ISIS INCURSION, CYCLONES, AND OUR COUNTRY DIRECTOR'S BOUT WITH MALARIA AND TYPHOID.(7) ZIMBABWE ENTREPRENEUR PROJECT - BUSINESS SAVINGS GROUPS SERVING 50 UNDERSERVED ENTREPRENEURS.(8) SOUTH LA ENTREPRENEUR PROJECT - CONTINUED SERVING IMPOVERISHED COMMUNITIES IN SOUTH LA THROUGH THE SUPPORT OF A BUSINESS INCUBATOR PROGRAM RUN BY A LOCAL PARTNER. BASIC COACHING, CONSULTING, MONITORING AD EVALUATION FOR ONGOING EFFORTS AMONG LOCAL PARTNERS. THESE ARE SOME OF OUR NUMERICAL ACCOMPLISHMENTS:- 165 ENTREPRENEURS ACTIVELY ENGAGED IN OUR TRAINING NETWORKS- 32 BUSINESS MENTORS PROVIDED SUPPORT TO ENTREPRENEURS- 10 TRAINERS FROM 5 DIFFERENT COUNTRIES BEGAN THEIR JOURNEY WITH ENTREPRENEURS- 4 TOTAL PROJECTS CONTINUED IN ECUADOR, MALAWI, MOZAMBIQUE, AND SOUTH LA- 1 NEW PROJECT SIGNED ON TO LAUNCH A BUSINESS TRAINING PROGRAM IN ZIMBABWE- 1 CHICKEN FARMING PROJECT CONTINUED IN MOZAMBIQUE THAT PROVIDED 250 EGGS A DAY TO CHILDREN AND TRAINS LOCAL ENTREPRENEURS TO START THEIR OWN BUSINESSES- 10 PARTNERSHIPS WITH LOCAL AND GLOBAL ORGANIZATIONS - TO IMPACT COMMUNITIES AROUND THE GLOBE- 1/2 OF THE ENTREPRENEURS FROM OUR 2021 MALAWI PROGRAM ARE REPORTING A 33% INCREASE OF INCOME ONE YEAR LATERWE ALSO IMPLEMENTED A FORMAL PROGRAM TO MEASURE THE SHORT AND LONG-TERM IMPACT OF OUR PROJECTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Edgar-Goeser President & CEO | OfficerTrustee | 62 | $70,000 |
Heath Hollandsworth Operations Dir. | Trustee | 10 | $14,000 |
Jane Oak Secretary | OfficerTrustee | 0.5 | $0 |
Anthony Barton Board Member | Trustee | 0.5 | $0 |
Susan Oak Board Member | Trustee | 0.5 | $0 |
Russ Cline Int. Board Mem. | Trustee | 0.5 | $0 |
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 | $128,841 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $128,841 |
Total Program Service Revenue | $73,580 |
Investment income | $5 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $46,531 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $248,957 |
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. | $70,000 |
Compensation of current officers, directors, key employees. | $7,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $17,518 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,765 |
Payroll taxes | $7,224 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,550 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,938 |
Advertising and promotion | $2,424 |
Office expenses | $6,802 |
Information technology | $3,632 |
Royalties | $0 |
Occupancy | $0 |
Travel | $6,026 |
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 | $0 |
Insurance | $1,371 |
All other expenses | $1,876 |
Total functional expenses | $161,850 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $170,040 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $170,040 |
Accounts payable and accrued expenses | $6,521 |
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 | $6,521 |
Net assets without donor restrictions | $155,759 |
Net assets with donor restrictions | $7,760 |
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 | $170,040 |