Acres Of Hope
- Assets
- $2.4k
- Revenue
- $49.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- Data as of
- 12/2023
- EIN
- 87-0815812
Organization Overview
Acres Of Hope is located in Lexington, KY. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, 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. Acres Of 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 12/2023, Acres Of Hope generated $49.0k in total revenue. All expenses for the organization totaled $51.9k during the year ending 12/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACRES OF HOPE PROVIDES YEAR-ROUND, ONGOING MENTORING AND SUPPORT FOR SPECIFIC YOUNG MEN AND WOMEN IN THE LEXINGTON, KY REGIONAL AREA. MENTORING AND SUPPORT ACTIVITIES INCLUDE PROVIDING MEALS, CLOTHING, SHELTER, GROUP ACTIVITIES, AND OTHER BASIC LIVING EXPENSES.
ACRES OF HOPE PARTNERS WITH THE FOOTBALL TEAM OF BRYAN STATION MIDDLE SCHOOL IN LEXINGTON, KY. AS A PART OF THIS RELATIONSHIP, VOLUNTEERS MENTOR AND SUPPORT SEVERAL SPECIFIC YOUNG MEN ON THE TEAM AND THE TEAM AS A WHOLE. IN JUNE 2023, THE CHARITY PROVIDED NEW HELMETS AND SAFETY EQUIPMENT FOR THE TEAM.
IN DECEMBER 2023, ACRES OF HOPE PAID RENT DIRECTLY TO HENSON INVESTMENT PROPERTIES LLC IN LEXINGTON, KY, ON BEHALF OF CLAUDE AND C.J. JACKSON, WHO ARE A FATHER AND SON MENTORED BY ACRES OF HOPE VOLUNTEERS.
ACRES OF HOPE SUPPORTS THE LOCAL CATHOLIC ACTION CENTER (CAC) WITH FOOD AND SUPPLIES AS NEEDED. THE CAC IS A SHELTER OFFERING MEALS, RESTROOMS, TELEPHONES, CLOTHING, OVERNIGHT ACCOMMODATIONS, AND CONNECTION TO OTHER LOCAL SERVICES FOR THE HOMELESS AND DISENFRANCHISED COMMUNITY IN LEXINGTON, KY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lea M Morgan President | 0 | $0 | |
Joseph S Morgan Director | 0 | $0 | |
Tanner S Morgan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,048 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,676 |
| Total operating and administrative expenses | $43,736 |
| Contributions, gifts, grants paid | $8,143 |
| Total expenses and disbursements | $51,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,391 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,391 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Acres Of Hope has awarded $8,143 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LEXINGTON LEADERSHIP FOUNDATION PURPOSE: FUNDS WERE GIVEN TO THE LEXINGTON LEADERSHIP FOUNDATION TO SUPPORT ITS PROGRAMS THAT HAVE A DIRECT IMPACT ON THE INDIVIDUALS SERVED BY ACRES OF HOPE. | $1,000 |
REVIVE MINISTRIES INC PURPOSE: FUNDS WERE GIVEN TO REVIVE MINISTRIES, INC. TO SUPPORT ITS DRUG AND ALCOHOL ADDICTION TREATMENT PROGRAMS. | $1,500 |
REVIVE TRANSITIONAL HOUSING PURPOSE: FUNDS WERE GIVEN TO REVIVE TRANSITIONAL HOUSING TO SUPPORT ITS MISSION TO PROVIDE HOUSING FOR AT-RISK YOUTH. | $3,000 |
THE STONE CHURCH PURPOSE: FUNDS WERE GIVEN TO THE STONE CHURCH TO SUPPORT ITS MINISTRIES AND FOOD BANK PROGRAM. | $1,000 |
YOUNG LIFE PURPOSE: FUNDS WERE GIVEN TO YOUNG LIFE TO SUPPORT ITS PROGRAMS THAT HAVE A DIRECT IMPACT ON THE YOUNG PEOPLE SERVED BY ACRES OF HOPE. | $1,000 |
HAVE DREAMS PURPOSE: FUNDS WERE GIVEN TO HAVE DREAMS, WHICH IS AN ORGANIZATION THAT SERVES THE AUTISM COMMUNITY. | $103 |