Community Of Hope Ministries
- Assets
- $759.1k
- Revenue
- $606.7k
- Investments
- $0.0
- Employees
- 28
- Location
- Garner, NC
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-2004572
Organization Overview
Community Of Hope Ministries is located in Garner, NC. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Community Of Hope Ministries employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Of Hope Ministries 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, Community Of Hope Ministries generated $606.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $526.0k during the year ending 12/2023. While expenses have increased by 8.7% 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
TO PROVIDE CHRISTIAN BASED MINISTRIES TO THE GREATER GARNER COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMP GOOD HOPE IS AN EXCITING, FUN-FILLED SUMMER ENRICHMENT EXPIENCE AVAILABLE FOR GARNER AREA YOUTH WHO HAVE FINISHED THE KINDERGARTEN YEAR THROUGH SIXTH GRADE YEAR. THE CAMP OPERATES FROM 7:30AM TO 6:00PM MULTIPLE WEEKS THROUGHOUT THE SUMMER OFFERING WORKING PARENTS AN AFFORDABLE OPTION FOR SUPERVISED CARE. CAMP GOOD HOPE IS MUCH, MUCH MORE THAN CHILDCARE.
FOOD PANTRY: THE COMMUNITY OF HOPE FOOD PANTRY OFFERS A ONE WEEK SUPPLY OF NUTRITIONAL ASSISTANCE FOR FOOD PANTRY CLIENTS AND THEIR FAMILY MEMBERS. THE FOOD PANTRY HAS DEVELOPED A DATABASE OF OVER 1800 FAMILIES.
AFTER SCHOOL PROGRAM - THIS PROGRAM IS AN OUTSTANDING FREE AFTERSCHOOL ENRICHMENT FOR AT-RISK ELEMENTARY AGED STUDENTS IN GRADES 1-5. THE PROGRAM HAS A PARTNERSHIP WITH 8 DIFFERENT PUBLIC ELEMENTARY SCHOOLS IN GARNER NC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hank Toler Board Member | Trustee | 2 | $0 |
Tony Hewett Board Member | Trustee | 1 | $0 |
Judy Inscore Board Member | Trustee | 1 | $0 |
Jessica Wrench Board Member | Trustee | 1 | $0 |
Brittany Marshall Board Member | Trustee | 1 | $0 |
Keith Perry Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,027 |
| Related organizations | $0 |
| Government grants | $7,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,425 |
| Total Program Service Revenue | $122,308 |
| Investment income | $5,928 |
| 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 | $606,661 |
| 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. | $168,600 |
| Compensation of current officers, directors, key employees. | $72,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,350 |
| Advertising and promotion | $7,331 |
| Office expenses | $2,101 |
| Information technology | $741 |
| 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 | $932 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,336 |
| Insurance | $11,448 |
| All other expenses | $18,263 |
| Total functional expenses | $525,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,982 |
| Savings and temporary cash investments | $631,624 |
| 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 | $67,537 |
| Investments—publicly traded securities | $5,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $759,099 |
| Accounts payable and accrued expenses | $6,264 |
| 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 | $6,264 |
| Net assets without donor restrictions | $722,127 |
| Net assets with donor restrictions | $30,708 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $759,099 |