Community Of Hope Ministries
- Assets
- $572.5k
- Revenue
- $408.6k
- Investments
- $0.0
- Employees
- 22
- Location
- Garner, NC
- Founding
- 01/2005
- Data as of
- 12/2021
- 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 12/2021, Community Of Hope Ministries employed 22 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 12/2021, Community Of Hope Ministries generated $408.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $275.8k during the year ending 12/2021. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
REMOTE LEARNING - A PROGRAM DEVELOPED FOR CHILDREN IN THIS UNUSUAL YEAR OF COVID. CHILDREN ARE TAUGHT AND ASSISTED WITH REMOTE EDUCATION WHILE TRADITIONAL SCHOOL IS NOT AVAILABLE TO THEM.
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 |
|---|---|---|---|
Amy White Executive Director | Officer | 40 | $59,333 |
Nick Spindler Director Of Operations | Officer | 40 | $47,417 |
Kim Wallace Program Coordinator | Officer | 32 | $24,123 |
George C Jennings Treasurer | Officer | 20 | $0 |
Philip Dail Board Member | Trustee | 2 | $0 |
Brittany Marshall Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,924 |
| Total Program Service Revenue | $83,248 |
| Investment income | $457 |
| 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 | $408,629 |
| 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. | $115,375 |
| Compensation of current officers, directors, key employees. | $59,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,508 |
| 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 | $5,690 |
| Advertising and promotion | $3,447 |
| Office expenses | $853 |
| Information technology | $1,740 |
| 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 | $1,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,859 |
| Insurance | $9,974 |
| All other expenses | $9,500 |
| Total functional expenses | $275,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,390 |
| Savings and temporary cash investments | $422,730 |
| 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 | $58,137 |
| Investments—publicly traded securities | $2,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $572,513 |
| Accounts payable and accrued expenses | $2,092 |
| 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 | $2,092 |
| Net assets without donor restrictions | $539,805 |
| Net assets with donor restrictions | $30,616 |
| 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 | $572,513 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Of Hope Ministries has recieved totaling $342,615.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $318,064 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $13,000 |
Joy In Childhood Foundation Inc Canton, MA PURPOSE: Support Sick and Hungry Kids | $10,000 |
Victor E Jr & Jane M Bell Family Foundation Raleigh, NC PURPOSE: DONATION | $1,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $355 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |