Hope Foundation
- Assets
- $3.2m
- Revenue
- $124.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/1962
- Data as of
- 12/2022
- EIN
- 05-6006366
Organization Overview
Hope Foundation is located in Providence, RI. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Foundation 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 12/2022, Hope Foundation generated $124.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $353.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hope Foundation has awarded 68 individual grants totaling $826,468. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela B Fischer Trustee | 0 | $0 | |
Nicholas Brown Trustee | 0 | $0 | |
John C Brown IV Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $458 |
| Dividends & Interest | $86,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,614 |
| Capital Gain Net Income | $36,614 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $757 |
| Total Revenue | $124,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,814 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $58,240 |
| Contributions, gifts, grants paid | $295,110 |
| Total expenses and disbursements | $353,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,048 |
| 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 | $791,159 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,200,283 |
| 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, Hope Foundation has awarded $295,110 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE SCHOOL PURPOSE: OPERATING EXPENSES | $25,000 |
BRIDGER SKI FOUNDATION PURPOSE: OPERATING EXPENSES | $3,000 |
CHINA RESIDENCIES PURPOSE: OPERATING EXPENSES | $24,000 |
EMMANUEL CHURCH PURPOSE: MUSIC PROGRAM | $4,950 |
CONTRIBUTIONS OF LESS THAN 5000 DETAIL AVAILABLE UPON REQUEST PURPOSE: OPERATING EXPENSES | $82,950 |
GALLATIN VALLEY LAND TRUST PURPOSE: OPERATING EXPENSES | $20,245 |