Mission Of Hope
- Assets
- $534.7k
- Revenue
- $185.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Hardy, AR
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 16-1650924
Organization Overview
Mission Of Hope is located in Hardy, AR. 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. As of 12/2023, Mission Of Hope employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission 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 12/2023, Mission Of Hope generated $185.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $158.6k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
1.) RAISING AWARENESS OF AND COORDINATING HUNGER RELIEF EFFORTS THROUGHOUT THE SURROUNDING AREA. 2.) POOLING RESOURCES FROM AREA AGENCIES AND SOURCES TO SERVE THE NEEDS OF PEOPLE IN OUR AREA. 3A.) CREATING A CENTRAL DISTRIBUTION CENTER TO ASSIST AGENCIES, CHURCHES, ETC. IN OUR AREA IN MEETING THE NEEDS OF THOSE TO WHO THEY PROVIDE ASSISTANCE. 3B.) USING THIS CENTRAL AGENCY TO ADDRESS HUNGER, PERSONAL NEEDS, FAMILY AND SPIRITUAL NEEDS IN OUR GEOGRAPHIC AREA AS RESOURCES AND PERSONNEL WILL ALLOW IN THE PROVIDENCE OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED PANTRY AND USDA FOODS TO A TOTAL OF 10,409 INDIVIDUALS. THIS INCLUDED PERSONAL HYGIENE ITEMS, ADULT AND INFANT DIAPERS, BED PADS, AND MANY OTHER MISCELLANEOUS ITEMS DURING THE PAST YEAR. WE CONSIDER THAT THESE ITEMS AND THE COST OF DISTRIBUTING THEM TO OUR CLIENTS WAS APPROXIMATELY 43% IF OUR EXPENSES FOR THE YEAR.
WE PROVIDE CLOTHING, HOUSEHOLD ITEMS, FURNITURE TO THOSE WHO ARE IN NEED. NO QUALIFICATIONS NEEDED. WE PROVIDE A CHRISTMAS TOYS ROOM EACH FALL FOR FAMILIES TO HAVE GIFTS FOR THEIR CHILDREN AND CHRISTMAS DECOR. THIS IS A BIG DEAL BECAUSE WE REGULARLY HAVE VOLUNTEERS WHO COME IN AND WORK ALL THESE DONATIONS. OUR BUILDING IS OVER 25,000 SQ. FT. AND WE ARE NORMALLY FILLED TO THE TOP WITH DONATIONS. IT IS A HUGE UNDERTAKING JUST TO KEEP EVERYTHING MOVING THROUGH THE BUILDING. WE STRIVE TO PROVIDE EVERY NEED INDIVIDUALS HAVE IN THIS VERY TROUBLING WORLD.
OUR SHELTER HAS BEEN CLOSED SINCE MAY OF 2020 DURING THE BEGINNING OF THE COVID-19 PANDEMIC. WE HAVE CONTINUED TO PROVIDE ASSISTANCE THROUGH MOTEL ROOMS, FOOD, FINDING SHELTER AND PROVIDING PERSONAL CARE ITEMS FOR HOMELESS INDIVIDUALS AND PROVIDING THE MUCH NEED INFORMATION TO FACILITIES WHO CONTACT US FOR HELP. THIS YEAR WE CONSIDERED THAT A TOTAL OF 15% OF OUR EXPENSES WENT TOWARD OUR SHELTER SERVICES. SINCE OUR SHELTER HAS CLOSED WE NOW HOUSE DONATED MEDICAL EQUIPMENT OF VARIOUS KINDS WHICH WE PROVIDE FREE OF CHARGE TO ANY ONE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia L Baldridge Non Voting/ Administrator | Officer | 20 | $17,514 |
Holly Mullins Co Administrator, Non Voting | Officer | 28 | $17,408 |
Susan Jett Member | Trustee | 10 | $0 |
Donward Wiles Member | Trustee | 1 | $0 |
Johanna Siebert Member | Trustee | 24 | $0 |
Deborah Baird President | Officer | 14 | $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 | $54,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,284 |
| 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 | $185,020 |
| 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. | $34,922 |
| 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 | $2,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,854 |
| Advertising and promotion | $272 |
| Office expenses | $8,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,817 |
| Travel | $160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,128 |
| Insurance | $0 |
| All other expenses | $863 |
| Total functional expenses | $158,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,361 |
| 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 | $468,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $534,668 |
| 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 | $534,668 |
| 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 | $534,668 |