The Hub Of Hope Inc
- Assets
- $7.2k
- Revenue
- $422.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Fredericksburg, VA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2751588
Organization Overview
The Hub Of Hope Inc is located in Fredericksburg, VA. As of 12/2022, Hub Of Hope Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hub Of 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 12/2022, Hub Of Hope Inc generated $422.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $660.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP OTHER PEOPLE EAT (HOPE) THROUGH THE CREATION OF SUSTAINABLE FOOD-BASED INITIATIVES DESIGN TO FIGHT FOOD INSECURITY IN OUR REGION. THESE INITIATIVES INCLUDE BUT ARE NOT LIMITED TO: COMMUNITY MEALS, STUDENT NUTRITION PROGRAM, CATERING SERVICES AND THE REGION'S FIRST NONPROFIT RESTAURANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD2GO - THIS SERVICE PROVIDES NUTRITIOUS MEALS TO CHILDREN, SENIORS AND FAMILITES. HERE WE ALSO PARTNER WITH CHILDCARE CENTERS BY IMPROVING THEIR FOOD SERVICES, MENU DESIGN AND EXECUTION AS WELL AS QUALITY CONTROLS. THIS IS DONE IN PARTNERSHIP WITH USDA AND VDH.
CACFP PROGRAM IS A PREVENTATIVE NUTRITION SERVICES PROGRAM DESIGNED TO PARTNER WITH LOCAL CHILDCARE PROVIDERS WITH A 25% OR GREATER POPULATION OF LOWER-INCOME STUDENTS WHO OFTEN HAVE LIMITED ACCESS TO NUTRITION AND OFTEN FACE FOOD INSECURITY. THROUGH THIS PROGRAM, WE PARTER AND REDESIGN BREAKFAST, LUNCH, AND SNACK MENUS TO INCLUDE WHOLE GRAINS, PROTEINS, VEGETABLEWS, AND FRUITS. ALL CHILDREN RECEIVE ACCESS TO THESE MEALS AT NO ADDITIONAL COST TO THEM. THE HUB OF HOPE IS A PROUD CERTIFICED SPONSOR OF THIS PROGRAM IN COLLABORATION WITH THE VIRGINIA DEPARTMENT OF HEALTH AND USDA.
CATERED SERVICES IS AN EFFORT FOR LOCAL FOLKS TO UTILIZE THE PREPARED MEAL SERVICES OF THE HUB OF HOPE TO ASSIST SENIORS, INDIVIDUALS SUFFERING FROM MEDICAL LIMITATIONS, THE DISABLED, AND ANYONE IN NEED OF PREPARED MEAL SERVICES. THROUGH THIS SERVICE, A PORTION OF ALL REVENUES ARE REINVESTED INTO FIGHTING FOOD INSECURITY THROUGHOUT THE REGION. THROUGH THIS SERVICE, WE PROVIDE SHORT-TERM FOOD ACCESS FOR FAMILY FOLLOWING THEIR REQUESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Hayes III Chariman Of The Board | Trustee | 5 | $0 |
Richard Falkenstein Treasurer | Trustee | 5 | $0 |
Eunice Scott Board Member | Trustee | 5 | $0 |
Kristen Greene Secretary | Trustee | 5 | $0 |
Anthony Bence Vice Chairman | Trustee | 5 | $0 |
Frankie Burke Board Of Governors, Chairm | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,120 |
| Total Program Service Revenue | $274,998 |
| Investment income | $0 |
| 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 | $422,118 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,328 |
| Advertising and promotion | $13,034 |
| Office expenses | $18,083 |
| Information technology | $4,903 |
| Royalties | $0 |
| Occupancy | $62,127 |
| Travel | $7,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,337 |
| Insurance | $0 |
| All other expenses | $79,436 |
| Total functional expenses | $660,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$36,261 |
| 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 | $0 |
| Net Land, buildings, and equipment | $43,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,200 |
| 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 | $47,410 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $177,499 |
| Other liabilities | $37,386 |
| Total liabilities | $262,295 |
| 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 | -$255,095 |
| Total liabilities and net assets/fund balances | $7,200 |