Providing Hope Va
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Fredericksburg, VA
- Founding
- 05/2018
- Data as of
- 12/2020
- EIN
- 82-5378097
Organization Overview
Providing Hope Va is located in Fredericksburg, VA. The organization was established in 2018. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Providing Hope VA employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providing Hope VA 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 12/2020, Providing Hope VA generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2020. While expenses have increased by 36.0% per year over the past 2 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
A VETERAN FOUNDED ORGANIZATION THAT WORKS TO SUPPORT OUR LESS FORTUNATE VETERANS. PROVIDING HOPE WORKS WITH VETERANS FACING FINANCIAL DIFFICULTIES, HOMELESSNESS, UNEMPLOYMENT, AND THOSE IN NEED OF TREATMENT. PROVIDING HOPE IS A SMALL COMMUNITY BASED ORGANIZATION.
Describe the Organization's Program Activity:
RELIEF FOR VETERAN HARDSHIPS. HELPING WITH EVICTIONS, FORECLOSURES, UTILITIES, INSURANCE COST, MEDICAL COST, ETC
VETERAN VACATIONS - OFFERING VACATIONS FOR ACTIVE DUTY SERVICE MEMBERS AND THEIR FAMILIES
HONOR THE FALLEN. PAYING FOR FUNERAL ARRANGEMENTS. COMMUNITY OUTREACH
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PDF Copies of 990 Filings
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 | $2,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,573 |
| Total Program Service Revenue | $0 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,856,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,859,097 |
| 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. | $298,500 |
| Compensation of current officers, directors, key employees. | $14,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,693 |
| Fees for services: Management | $34,860 |
| Fees for services: Legal | $3,098 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,781 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $811 |
| Office expenses | $62,102 |
| Information technology | $13,540 |
| Royalties | $0 |
| Occupancy | $116,736 |
| Travel | $38,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,843 |
| Insurance | $10,299 |
| All other expenses | $0 |
| Total functional expenses | $1,133,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $34,590 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $974,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,469,789 |
| Accounts payable and accrued expenses | $28,287 |
| 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 | $53,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,850 |
| Net assets without donor restrictions | $0 |
| 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 | $1,387,939 |
| Total liabilities and net assets/fund balances | $1,469,789 |
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