Love Fostering Hope Inc
- Assets
- $63.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Panama, OK
- Founding
- Data as of
- 12/2023
- EIN
- 84-3536273
Organization Overview
Love Fostering Hope Inc is located in Panama, OK. According to its NTEE Classification (P73) the organization is classified as: Group Homes, 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. Love Fostering 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 12/2023, Love Fostering Hope Inc generated $48.3k 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 (10.1%) each year. All expenses for the organization totaled $76.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDING HOUSING AND SUPPORT FOR WOMEN THAT HAVE BEEN ABUSED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Clem President | 2 | $0 | |
Travis Clem Vice-President | 2 | $0 | |
Vicki Qualls Secretary/treasurer | 1 | $0 | |
Joe Qualls Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,255 |
| Total Program Service Revenue | $20,128 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,883 |
| Other Revenue | $0 |
| Total Revenue | $48,266 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,145 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $17,638 |
| Printing, publications, postage, and shipping | $1,033 |
| Other expenses | $33,831 |
| Total expenses | $76,647 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,674 |
| Other assets | $0 |
| Total assets | $63,210 |
| Total liabilities | $889 |
| Net assets or fund balances | $62,321 |