Asian Hope
- Assets
- $3.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 38
- Location
- Forest, VA
- Founding
- 07/2001
- Data as of
- 07/2023
- EIN
- 84-1553945
Organization Overview
Asian Hope is located in Forest, VA. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2023, Asian Hope employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Hope 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 07/2023, Asian Hope generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $6.4m during the year ending 07/2023. While expenses have increased by 11.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BY ALTERING THE FUTURE OF VULNERABLE CHILDREN IN CAMBODIA THROUGH LIFE CHANGING PROGRAMS OF CHRISTIAN EDUCATION AND COMMUNITY DEVELOPMENT, ASIAN HOPE IS CREATING A GENERATION OF COMPASSIONATE, EQUIPPED, CHRISTIAN LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGE DEVELOPMENT PROGRAM & OUTREACH - EDUCATIONAL OPPORTUNITIES AND LIFE ESSENTIALS ARE PROVIDED TO IMPOVERISHED CHILDREN IN FOUR CAMBODIAN COMMUNITIES.ASIAN HOPE SCHOOLS - TWO PRIVATE INTERNATIONAL CHRISTIAN SCHOOLS ARE OPERATED IN PHNOM PENH, CAMBODIA. THESE SCHOOLS SERVE A WIDE VARIETY OF CHILDREN AND THE CURRICULUM IS DESIGNED TO EQUIP STUDENTS TO BE SPIRITUALLY MATURE, ACADEMICALLY SOUND, AND SOCIALLY RESPONSIBLE.HIGHER EDUCATION AND LEADERSHIP PREPARATION (HELP) - THE HELP PROGRAM IS DEDICATED TO SEEING A NEW GENERATION OF HIGHLY EDUCATED CHRISTIANS TAKING THEIR PLACE IN CAMBODIAN SOCIETY AND WORKPLACES. THIS IS ACCOMPLISHED THROUGH POST-SECONDARY EDUCATION OPPORTUNITIES AND A TEACHER TRAINING PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Crowe Board Member | Trustee | 1 | $0 |
Scott Wolf Board Member | Trustee | 1 | $0 |
Tim Hoy Board Member | OfficerTrustee | 1 | $0 |
David A Dolan Treasurer | OfficerTrustee | 1 | $0 |
Scott Stonebreaker Board Member | OfficerTrustee | 1 | $0 |
Jon Schubert Chairman | OfficerTrustee | 2 | $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 | $761,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,410 |
| Total Program Service Revenue | $5,925,874 |
| Investment income | $32,258 |
| 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 | $6,719,542 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $17,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,440,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,058 |
| Payroll taxes | $116,387 |
| Fees for services: Management | $6,220 |
| Fees for services: Legal | $34,771 |
| Fees for services: Accounting | $8,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,449 |
| Office expenses | $147,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $769,894 |
| Travel | $87,714 |
| 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 | $282,656 |
| Insurance | $8,496 |
| All other expenses | $0 |
| Total functional expenses | $6,449,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,995 |
| 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 | $53,647 |
| Net Land, buildings, and equipment | $1,558,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $979,604 |
| Total assets | $3,484,328 |
| Accounts payable and accrued expenses | $48,434 |
| Grants payable | $0 |
| Deferred revenue | $131,002 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $110,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,682 |
| Total liabilities | $313,118 |
| Net assets without donor restrictions | $3,171,210 |
| 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 | $3,484,328 |
Grants Awarded
Over the last fiscal year, Asian Hope has awarded $48,494 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MASTERS UNIVERSITY PURPOSE: EDUCATION | $23,866 |
KINGS COLLEGE PURPOSE: EDUCATION | $24,628 |