Hope Universal Inc
- Assets
- $98.9k
- Revenue
- $325.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Seneca, SC
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 01-0708888
Organization Overview
Hope Universal Inc is located in Seneca, SC. The organization was established in 2003. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Universal 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, Hope Universal Inc generated $325.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $405.7k during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 9 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.
Since 2019, Hope Universal Inc has awarded 58 individual grants totaling $1,043,406. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE UNIVERSAL EXISTS TO SERVE MANKIND BY MINISTERING TO BOTH SPIRITUAL AND PHYSICAL NEEDS THROUGHOUT THE WORLD IN THE NAME OF JESUS CHRIST
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY FUNDED YOUTH MINISTRIES, EVANGELISM, ORPHAN SUPPORT, MEDICAL MISSIONS, EARTHQUAKE RELIEF, AND LEADERSHIP CONFERENCES IN SIERRA LEONE, INDIA, AFRICA, PHILLIPPINES AND THAILAND. THE MINISTRY HELD MEETINGS IN US CHURCHES DURING THE YEAR TO PROMOTE HOPE UNIVERSAL AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Overholt Board Member | Trustee | 2 | $0 |
Galen Overholt Board Member | Trustee | 2 | $0 |
Karlin Bacher Board Member | Trustee | 2 | $0 |
Joseph Yoder Board Member | Trustee | 2 | $0 |
Stoll William Jr Vice President | OfficerTrustee | 2 | $0 |
Mark Stewart President | OfficerTrustee | 10 | $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 | $325,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,142 |
| Total Program Service Revenue | $0 |
| 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 | $325,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $383,028 |
| 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 | $0 |
| 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 | $10,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,339 |
| Office expenses | $1,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $856 |
| Travel | $1,653 |
| 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 | $0 |
| Insurance | $1,148 |
| All other expenses | $0 |
| Total functional expenses | $405,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,856 |
| 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 | $98,856 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $98,856 |
| 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 | $98,856 |
Grants Awarded
Over the last fiscal year, Hope Universal Inc has awarded $265,350 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL TRIBES OUTREACH PURPOSE: ORPHAN SUPPORT | $1,200 |
CHILDREN IN CHRIST PURPOSE: ORPHAN CARE | $58,000 |
WORD MADE FLESH PURPOSE: SIERRA LEONE HOPE PROJECT | $31,000 |
BAPTIST INTERNATIONAL MISSIONS PURPOSE: ORPHAN SPONSORSHIP | $10,000 |
BETHESDA HOSPITAL TRUST PURPOSE: UGANDA VOCATIONAL SCHOOL | $22,000 |
RANCHO LA HERMOSA PURPOSE: SIERRE LEONE SUPPORT | $25,000 |