Hope Out Loud
- Assets
- $679.5k
- Revenue
- $412.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Forest, VA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 90-0595714
Organization Overview
Hope Out Loud is located in Forest, VA. The organization was established in 2010. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Hope Out Loud employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Out Loud 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 Out Loud generated $412.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $314.4k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPREAD OF THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE SPREAD OF THE GOSPEL OF JESUS CHRIST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Barrick President | OfficerTrustee | 40 | $90,000 |
Linda Barrick Officer | OfficerTrustee | 40 | $45,000 |
Greg Keith Chairman | OfficerTrustee | $0 | |
India Keith Vice Chairma | OfficerTrustee | $0 | |
Brian Mariellen Boomsma Director | Trustee | $0 | |
Ed And Donna Hindson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,306 |
| Total Program Service Revenue | $0 |
| Investment income | $871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77 |
| 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 | $25,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,739 |
| 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 | $180,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,337 |
| Payroll taxes | $13,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,284 |
| Office expenses | $11,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,682 |
| Travel | $9,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,962 |
| Interest | $14 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $605 |
| All other expenses | $114 |
| Total functional expenses | $314,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,458 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $679,458 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,878 |
| Total liabilities | $2,878 |
| Net assets without donor restrictions | $639,080 |
| Net assets with donor restrictions | $37,500 |
| 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 | $679,458 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hope Out Loud has recieved totaling $52,038.
| Awarding Organization | Amount |
|---|---|
Greg And India Keith Foundation Charlotte, NC PURPOSE: CONTRIBUTIONS | $50,000 |
Hjh Foundation 501 C 3 Forest, VA PURPOSE: TO PROMOTE THEWORD OF CHRIST | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Religious Broadcasters Washington, DC | $1,057,544 | $2,227,453 |
Daily Audio Bible Spring Hill, TN | $5,606,352 | $3,425,803 |
Gye Corp Baltimore, MD | $440,830 | $1,314,204 |
Don Shire Ministries Inc Bedford, VA | $1,411,136 | $1,174,975 |
Arrabon Richmond, VA | $1,550,749 | $2,350,562 |
Somerset Educational Broadcasting Foundation Somerset, KY | $562,912 | $918,538 |
Sage Place Inc-A Five Fold Impact Raleigh, NC | -$659 | $525,437 |
Moments Of Hope Pineville, NC | $39,536 | $523,886 |
Freedom To Lead International Cary, NC | $1,398,462 | $812,838 |
Free Life Ministries Inc Goldsboro, NC | $3,123,694 | $472,286 |
Audioverse Collegedale, TN | $1,359,066 | $874,182 |
Biblical Recorder Incorporated Cary, NC | $302,760 | $541,376 |