Sherrys Hope Inc
- Assets
- $987.9k
- Revenue
- $411.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Lebanon, TN
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 06-1799885
Organization Overview
Sherrys Hope Inc is located in Lebanon, TN. The organization was established in 2007. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Sherrys Hope Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherrys Hope 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, Sherrys Hope Inc generated $411.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $269.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 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
SUPPORTING THOSE WHO ARE FIGHTING CANCER
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO CANCER PATIENTS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jasper Director | Trustee | 2 | $0 |
Jane E Hay Director | Trustee | 8 | $0 |
Scotty Ricketts Director | Trustee | 2 | $0 |
Kevin Bass Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,364 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,052 |
| Total Program Service Revenue | $0 |
| Investment income | $410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,159 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $161,437 |
| 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 | $67,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,573 |
| Office expenses | $2,258 |
| Information technology | $11,234 |
| Royalties | $0 |
| Occupancy | $5,452 |
| Travel | $0 |
| 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 | $1,632 |
| All other expenses | $779 |
| Total functional expenses | $269,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,591 |
| Savings and temporary cash investments | $970,129 |
| 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 | $10,496 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45 |
| Total assets | $987,864 |
| 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 | $0 |
| 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 | $987,864 |
| Total liabilities and net assets/fund balances | $987,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sherrys Hope Inc has recieved totaling $232.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dont Ever Give Up Inc Cary, NC | $15,801,113 | $21,347,428 |
Thompson Cancer Survival Foundation Knoxville, TN | $13,217,499 | $588,264 |
The Bell Center For Early Intervention Programs Birmingham, AL | $13,312,227 | $1,644,964 |
Sarnoff Cardiovascular Research Foundation Inc Mclean, VA | $51,786,432 | $3,393,739 |
Hospice Of Marshall County Foundation Inc Albertville, AL | $866,359 | $1,351,834 |
Interfaith Dental Supporting Foundation Nashville, TN | $6,997,857 | $311,030 |
Apfed Atlanta, GA | $651,819 | $642,748 |
Annandale Foundation Inc Suwanee, GA | $13,384,641 | $128,582 |
Sherrys Hope Inc Lebanon, TN | $987,864 | $411,621 |
Arlington County Medical Society Foundation Arlington, VA | $82,058 | $0 |
Ifb Solutions Foundation Inc Winstonsalem, NC | $10,117,523 | $293,441 |
Bay Aging Foundation Urbanna, VA | $894,888 | -$104,040 |