Hopes Outlet Ministries Inc

Organization Overview

Hopes Outlet Ministries Inc is located in Spring Lake, MI. The organization was established in 2005. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Hopes Outlet Ministries Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopes Outlet 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, Hopes Outlet Ministries Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FOR THE PHYSICAL AND SPIRITUAL NEEDS OF THE UNDER-RESOURCED IN OUR LOCAL COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOCATED IN LOW-INCOME NEIGHBORHOODS, OUR THRIFT STORE CENTERS INTERFACE WITH 300-500 PEOPLE PER DAY. ROUGHLY 90% OF THESE CLIENTS ARE LOW INCOME AND APPROXIMATELY 75% OF THESE RECEIVE SOME FORM OF GOVERNMENT ASSISTANCE. WE ARE THE LOW COST PROVIDER OF BASIC PHYSICAL NEED ITEMS SUCH AS CLOTHES, HOUSEHOLD NECESSITIES SUCH AS BEDS, FURNITURE, LINENS AND KITCHENWARE.


WHILE WE ARE THE LOW COST PROVIDER OF BASIC PHYSICAL NEEDS, WE ALSO GIFT PHYSICAL NEEDS TO MANY PEOPLE AS THEY EXPRESS THEIR LACK OF RESOURCES TO PURCHASE ITEMS. WE ROUTINELY GIVE FREE CLOTHING, ETC. TO FAMILIES IN NEED AND HAVE EVEN BECOME A CENTER WHERE OTHER AGENCIES SEND THEIR CLIENTS FOR FREE ITEMS AS WELL. OFTEN, WE PROVIDE AIDE FOR THOSE FLEEING ABUSE, VICTIMS OF HOUSE FIRES, AND OTHER EMERGENCY SCENARIOS.


ONE OF OUR GOALS AS AN ORGANIZATION HAS BEEN TO PROMOTE VOLUNTEERISM ACROSS CULTURAL AND ECONOMIC LINES, HOPING TO EDUCATE AND HEAL MISPERCEPTIONS THROUGH THE VEHICLES OF FAITH AND CHARITY. WE PROVIDE SAFE SERVICE OPPORTUNITIES FOR CHURCH AND COMMUNITY GROUPS. WE ALSO PROVIDE AN ENVIRONMENT FOR DISABLED GROUPS AND COURT CLIENTS WHO NEED TO COMPLETE COMMUNITY SERVICE HOURS REQUESTED BY THE JUDICIAL SYSTEM.


- WE PROVIDE BI-WEEKLY "TEA TIMES" WHERE WE COME ALONGSIDE INDIVIDUALS WHO ARE LOOKING FOR SPIRITUAL AND EMOTIONAL SUPPORT. THESE ARE GREAT SUPPORT GROUPS FOR PEOPLE WHO ARE GOING THROUGH SOME VERY DIFFICULT LIFE ISSUES.- WE PROVIDE A FREE SUPPER ONCE A WEEK AT 2 OF OUR CENTERS WITH THE DESIRE TO ENCOURAGE AS WELL AS PROVIDE A MEAL FOR THOSE IN NEED.- WE SEEK TO BUILD RELATIONSHIPS WITH THOSE WHO COME TO OUR THRIFT STORE CENTERS, AND IN SO DOING WE OFTEN ESTABLISH A REGULAR MEETING TIME FOR BIBLE STUDY OR MENTORING WITH THESE INDIVIDUALS. WE HAVE SEEN THESE ESPECIALLY EFFECTIVE WITH THOSE INDIVIDUALS WHO COME TO US THROUGH THE JUDICIAL SYSTEM.- WE HAVE SEVERAL INDIVIDUALS WHO ARE CLIENTS OF COMMUNITY MENTAL HEALTH THAT COME AND JUST SPEND THE DAY AT OUR CENTERS, RATHER THAN WANDERING THE STREETS. WE HAVE FREE COFFEE, SNACKS, AND SOMETIMES A MEAL FOR THEM AND PROVIDE A PLACE OF RESPITE OR WORK, DEPENDING ON THEIR NEEDS.- IN GENERAL, WE HAVE CREATED AN ATMOSPHERE WHERE PEOPLE WHO MAY "FALL THROUGH THE CRACKS" CAN COME AND FEEL ENCOURAGED AS WELL AS HAVE SOME FORM OF MEANINGFUL WORK TO DO (VOLUNTEERING).


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Tabor
President/ops Mgr
$35,000
Larry Houseman
Director
$0
Deron Nelson
Director
$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$19,190
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$19,190
Total Program Service Revenue$0
Investment income $8
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 $1,472,684
Miscellaneous Revenue$0
Total Revenue $1,514,646

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