Hope Mission Foundation
- Assets
- $1.9m
- Revenue
- $415.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Morehead City, NC
- Founding
- Data as of
- 12/2021
- EIN
- 83-4030697
Organization Overview
Hope Mission Foundation is located in Morehead City, NC. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Hope Mission Foundation 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 Mission Foundation generated $415.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $153.5k 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
ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS, AND SUBSTANCE ABUSE IN CARTERET COUNTY NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTED PROPERTIES TO HOPE MISSION THRIFT STORE AND HOPE MISSION OFFICES. GAVE $48,136 TO HOPE RECOVERY HOMES TO SUPPORT RECOVERY PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Sullivan Vice President | OfficerTrustee | 10 | $0 |
Charlton Burns President | OfficerTrustee | 10 | $0 |
Joseph Nutz Secretary | OfficerTrustee | 10 | $0 |
Richard G Mclendon Executive Director | Officer | 10 | $0 |
Mark Shouse Director | Trustee | 10 | $0 |
Buff Chalk Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $141,432 |
| Government grants | $83,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,327 |
| Total Program Service Revenue | $0 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,200 |
| 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 | $415,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,974 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $379 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,416 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,054 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $153,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,552 |
| Savings and temporary cash investments | $406,572 |
| 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 | $4,772 |
| Net Land, buildings, and equipment | $1,454,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,944,983 |
| 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 | $526,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $526,862 |
| Net assets without donor restrictions | $1,418,121 |
| 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 | $1,944,983 |
Grants Awarded
Over the last fiscal year, Hope Mission Foundation has awarded $56,298 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Morehead City, NC PURPOSE: TO PROVIDE FUNDING TO THE ORGANIZATION SO IT CAN PROVIDE HOUSING ASSISTANCE TO THOSE SUFFERING FROM SUBSTANCE ABUSE AND ADDICTION. | $48,136 |
Morehead City, NC PURPOSE: TO PROVIDE ASSISTANCE TO THE ORGANIZATION SO THEY CAN PROVIDE A SOUP KITCHEN FOR FEEDING THE POOR AND INDIGENT AND PROVIDE EMERGENCY FINANCIAL ASSISTANCE TO THE POOR FOR HELP WITH UTILITIES BILLS, TRANSPORTATION, RENT AND OTHER EMERGENCY NEEDS | $8,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Mission Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Farrington Foundation Pennington, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soles 4 Souls Old Hickory, TN | $32,677,835 | $92,759,575 |
Thdf Ii Inc Atlanta, GA | $179,301,928 | $109,861,621 |
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |