International Foundation Of Hope
- Assets
- $178.3k
- Revenue
- $127.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 91-1959600
Organization Overview
International Foundation Of Hope is located in Grand Junction, CO. The organization was established in 2000. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation 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 12/2021, International Foundation Of Hope generated $127.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $207.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. 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 PROVIDE OPPORTUNITIES FOR ECONOMIC, EDUCATIONAL, AND COMMUNITY DEVELOPMENT IN AFGHANISTAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION HAS BEEN TO GIVE EDUCATIONAL ASSISTANCE TO THE CHILDREN OF AFGHANISTAN BY PROVIDING EDUCATIONAL PROGRAMS THROUGH THE HOPE SCHOOL. SEVERAL CLASSROOMS WERE BUILT IN 2003, FOLLOWED BY MAJOR CONSTRUCTION OF A MODERN SCHOOL IN 2013. THE FIRST HIGH SCHOOL CLASS GRADUATED IN 2014. NEW CLASSROOMS WERE COMPLETED IN 2018. IN 2020, AFGHANISTAN WAS ESPECIALLY HARD HIT BY COVID-19, SO THE SCHOOL HAD TO CLOSE FOR MOST OF THE YEAR. THE ORGANIZATION WAS BEGINNING TO MAKE A RECOVERY DURING 2021, BUT THE TAKE-OVER OF THE TALIBAN REGIME IN AUGUST 2021 SEVERELY LIMITED THE SCHOOL'S OPERATIONS. GIRLS ARE NOW FORBIDDEN TO ATTEND THE SCHOOL, AND THE FEMALE STAFF OF THE SCHOOL ARE NOT ALLOWED TO ATTEND TO THEIR DUTIES. BECAUSE HOPE SCHOOL DEPENDS ON POLITICAL AND ECONOMIC STABILITY TO FUNCTION, MANY OF OUR STUDENTS HAVE LEFT. GOING FORWARD, GREATLY INCREASED DONOR FUNDING WILL BE NECESSARY TO ALLOW THE SCHOOL TO SURVIVE IN AFGHANISTAN.
WE HAVE WORKED TO PROVIDE AGRICULTURAL DEVELOPMENT ASSISTANCE TO THE PEOPLE OF AFGHANISTAN BY CREATING AND DEVELOPING PROGRAMS TO ERADICATE DEVELOPMENT OF POPPY CULTIVATION. WE HAVE PROVIDED DEVELOPMENT PROJECTS FOR AGRICULTURE, TRAINING, AND ALTERNATIVE LIVELIHOODS BY WORKING WITH LOCAL FARMERS TO CREATE SELF SUFFICIENT ECONOMIC PROGRAMS. UNDER THE TALIBAN REGIME IN 2021, UNEMPLOYMENT AND ECONOMIC CRISES LIMITED THE PURCHASING POWER OF AFGHANS WHICH, IN TURN, SIGNIFICANTLY DECREASED NURSERY PLANT SALES. INFLATION AND A SHORTAGE OF AGRICULTURAL INPUTS SUCH AS FERTILIZERS HAVE SHARPLY INCREASED OPERATING COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Ritchie President/chairman | OfficerTrustee | 30 | $0 |
Margaret Cudney Vice President | OfficerTrustee | 2 | $0 |
James Eney Secretary/treasurer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $96,958 |
| 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 | $127,156 |
| 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 | $134,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,793 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,396 |
| Information technology | $427 |
| Royalties | $0 |
| Occupancy | $17,142 |
| Travel | $6,545 |
| 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 | $10,963 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $207,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,500 |
| 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 | $158,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,349 |
| Accounts payable and accrued expenses | $44,021 |
| 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 | $97,227 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $141,248 |
| Net assets without donor restrictions | $37,101 |
| 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 | $178,349 |
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