El Hogar Ministries Inc
- Assets
- $827.2k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Woburn, MA
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 04-3580644
Organization Overview
El Hogar Ministries Inc is located in Woburn, MA. The organization was established in 2002. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, El Hogar Ministries Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Hogar Ministries 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 12/2021, El Hogar Ministries Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 37.8% 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 RAISE FUNDS FOR LOS PROYECTOS DEL EL HOGAR, A MINISTRY OF THE EPISCOPAL DIOCESE OF HONDURAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOS PROYECTORS EL HOGAR: SUPPORTED LOS PROYECTORS EL HOGAR (EL HOGAR PROJECTS), A MISSIONS PROJECT OF THE EPISCOPAL DIOCESE OF HONDURAS WHICH PROVIDED HOUSING, CLOTHING AND EDUCATION TO 231 BOYS AND 19 GIRLS, THROUGH FUNDRAISING AND EDUCATION OF CHURCHES IN THE UNITED STATES ABOUT THE SOCIAL CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Monroe Executive Director | Officer | 40 | $139,400 |
David Hennessy Vice President | OfficerTrustee | 7.5 | $0 |
Denise Chew Treasurer | OfficerTrustee | 10 | $0 |
Denise Derer Sharp President | OfficerTrustee | 10 | $0 |
Kristin Mullin Director | Trustee | 5 | $0 |
Elizabeth Thornton Clerk | Trustee | 7.5 | $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 | $1,940,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,940,602 |
| Total Program Service Revenue | $0 |
| Investment income | $904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $207 |
| Net Income from Fundraising Events | $94,540 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,081,475 |
| 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 | $1,057,850 |
| 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 | $167,379 |
| Pension plan accruals and contributions | $13,575 |
| Other employee benefits | $9,692 |
| Payroll taxes | $14,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,251 |
| 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 | $210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,513 |
| Travel | $2,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,333 |
| Insurance | $2,348 |
| All other expenses | $7,234 |
| Total functional expenses | $2,169,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,731 |
| Savings and temporary cash investments | $543,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,512 |
| 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 | $4,502 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,099 |
| Other assets | $2,900 |
| Total assets | $827,227 |
| Accounts payable and accrued expenses | $92,562 |
| 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 | $92,562 |
| Net assets without donor restrictions | $217,278 |
| Net assets with donor restrictions | $517,387 |
| 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 | $827,227 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that El Hogar Ministries Inc has recieved totaling $5,400.
| Awarding Organization | Amount |
|---|---|
Rohde Foundation Colorado Springs, CO PURPOSE: CHARITABLE | $5,400 |
Endowment Analysis
| Beg. Balance | $60,797 |
| Earnings | $1,110 |
| Ending Balance | $61,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |
American Friends Of Maoz-Seal Inc Haverhill, MA | $984,752 | $8,827,434 |
American Friends Of Shalva Israel Inc New York, NY | $2,820,532 | $9,087,461 |
Association For Cultural Interchange Inc New York, NY | $233,666,936 | $20,017,646 |
Bayis Lepleitos Ateres Bonos Inc Brooklyn, NY | $1,664,185 | $5,696,760 |
Emunah Of America Inc New York, NY | $1,802,135 | $4,366,155 |
Insead Management Education Foundation New York, NY | $868,532 | $4,197,485 |