Hope At The Lake Foundation
- Assets
- $66.4k
- Revenue
- $131.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- 03/2005
- Data as of
- 07/2024
- EIN
- 20-1489132
Organization Overview
Hope At The Lake Foundation is located in Mooresville, NC. The organization was established in 2005. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope At The Lake 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 07/2024, Hope At The Lake Foundation generated $131.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $162.9k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Hope At The Lake Foundation has awarded 13 individual grants totaling $195,100. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOPE AT THE LAKE IS A 501(C)(3) NON-PROFIT ORGANIZATION COMMITTED TO IMPROVING THE LIVES OF OUR LAKE NORMAN NEIGHBORS IN NEED. OUR MISSION IS TO FACILITATE A "COMMUNITY OF CARING" BY CONNECTING COMPASSIONATE DONORS WITH IMMEDIATE COMMUNITY NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHILDREN IN THE COMMUNITY; HELPING WITH FOOD AND HYGIENE NEEDS, LOSS OF A LOVED ONE, PARENTING GAPS AND MEDICAL ISSUES
SUPPORT IMMEDIATE COMMUNITY NEEDS TO IMPROVE THE LIVES OF NEIGHBORS BY FACILITATING A "COMMUNITY OF CARING".
SUPPORT THE VETERAN COMMUNITY, HELPING WITH TRANSPORTATION, FOOD, HOUSING AND GENERAL SUPPORT SYSTEM NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Forrest Wilson President | Officer | 5 | $0 |
Frank Baldasare Vice Preside | Officer | 0 | $0 |
Laura Garrison Treasurer | Officer | 5 | $0 |
Caroline Dewitt Secretary/so | Officer | 0 | $0 |
Jessica Babington Chair Market | Trustee | 0 | $0 |
Mike Buccialia Chair Grants | Trustee | 0 | $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 | $86,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,453 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,650 |
| 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. | $0 |
| 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 | $0 |
| 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 | $4,216 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $162,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,392 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,392 |
| 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 | $66,392 |
| Total liabilities and net assets/fund balances | $66,392 |
Grants Awarded
Over the last fiscal year, Hope At The Lake Foundation has awarded $122,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL TREASURES PURPOSE: NONPROFIT MISSION | $10,000 |
WELCOME HOME VETERANS PURPOSE: NONPROFIT MISSION | $15,000 |
PVAC PURPOSE: NONPROFIT MISSION | $15,000 |
HEALTH REACH PURPOSE: NONPROFIT MISSION | $25,000 |
HEARTS AND HANDS FOUNDATION PURPOSE: NONPROFIT MISSION | $12,000 |
HOPE OF MOORESVILLE PURPOSE: NONPROFIT MISSION | $25,000 |