Foundations For Hope Inc
- Assets
- $776.3k
- Revenue
- $299.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Trussville, AL
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-3497398
Organization Overview
Foundations For Hope Inc is located in Trussville, AL. The organization was established in 2019. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundations For 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 12/2021, Foundations For Hope Inc generated $299.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $123.7k during the year ending 12/2021. 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
FOUNDATIONS FOR HOPE EXISTS TO ADVANCE THE GOSPEL OF JESUS CHRIST BY PROVIDING CRITICAL RESOURCES AND TRAINING IN PARTNERSHIPS WITH LOCAL CHURCHES IN AREAS OF NEED ACROSS THE GLOBE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE GOSPEL OF JESUS CHRIST BY PROVIDING CRITICAL RESOURCES AND TRAINING IN PARTNERSHIPS WITH LOCAL CHURCHES IN AREAS OF NEED ACROSS THE GLOBE.
TO CREATE LEARNING AND SOCIAL CONDITIONS WHERE INDIVIDUALS ARE CONSCIOUS OF THE NECESSITY TO IMPROVE THEIR LIVING CONDITIONS BY POSITIVELY IMPACTING THEIR COMMUNITY.
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Treglown Chairman | OfficerTrustee | 1 | $0 |
Matthew Mullinax Vice Chairman | OfficerTrustee | 1 | $0 |
Thomas Goodwin Director | Trustee | 1 | $0 |
Edwin Lambert Director | Trustee | 1 | $0 |
Mark Sims Director | Trustee | 1 | $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 | $300,482 |
| Noncash contributions included in lines 1a–1f | $240,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,482 |
| Total Program Service Revenue | $0 |
| Investment income | $690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,752 |
| 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 | $75,231 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,505 |
| Pension plan accruals and contributions | $435 |
| Other employee benefits | $0 |
| Payroll taxes | $1,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,647 |
| Fees for services: Accounting | $7,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $86 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,611 |
| Office expenses | $2,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $856 |
| Insurance | $1,489 |
| All other expenses | $0 |
| Total functional expenses | $123,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,077 |
| 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 | $19,558 |
| Net Land, buildings, and equipment | $34,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,284 |
| Accounts payable and accrued expenses | $2,644 |
| 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 | $256 |
| Total liabilities | $2,900 |
| Net assets without donor restrictions | $773,384 |
| 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 | $776,284 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundations For Hope Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi State University Foundation Inc Mississippi State, MS | $560,789,333 | $59,624,907 |
Trustbridge Inc West Palm Beach, FL | $246,958,049 | $48,624,490 |
Empath Health Inc Clearwater, FL | $161,550,445 | $45,488,843 |
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Arnies Army Charitable Events Foundation Inc Orlando, FL | $24,420,608 | $35,690,094 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Morselife Foundation Inc West Palm Beach, FL | $49,056,952 | $14,295,083 |
Trustbridge Foundation Inc West Palm Beach, FL | $165,141,180 | $27,715,967 |
Family Allies Inc Rockledge, FL | $2,052,888 | $5,472,573 |
The Hospice Foundation Of Martin & St Lucie Inc Stuart, FL | $38,872,394 | $6,423,921 |
Sos Childrens Villages Florida Inc Coconut Creek, FL | $5,627,775 | $5,841,080 |
Sheriffs Ranches Enterprises Inc Boys Ranch, FL | $1,230,660 | $4,068,193 |