Seeds Of Hope Ministries Inc
- Assets
- $1.1m
- Revenue
- $560.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Camden, NJ
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 20-2726446
Organization Overview
Seeds Of Hope Ministries Inc is located in Camden, NJ. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Seeds Of Hope Ministries Inc employed 5 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Seeds Of Hope 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 12/2023, Seeds Of Hope Ministries Inc generated $560.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $432.6k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
WE DEMONSTRATE THE LOVE OF JESUS CHRIST TO EACH PERSON SERVED THROUGH THE PROVISION OF FOOD, CLOTHING AND CARE TO THE COMMUNITY OF CAMDEN, NJ, EX-OFFENDERS, HOMELESS AND PROSTITUTES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES CHRISTIAN TRANSITION HOMES FOR EX-OFFENDERS ASSISTING THEM WITH CONNECTING TO LOCAL CHURCHES, EMPLOYMENT AND IDENTIFICATION THROUGH INDIVIDUAL MENTORING AND DISCIPLESHIP. IT ALSO FACILITATES WEEKLY AFTER CARE AND REENTRY GROUPS FOR EX-OFFENDERS IN AND OUTSIDE OF PRISON FATHERHOOD GROUPS FRO INCARCERATED AND RECENTLY RELEASED MEN. THE ORGANIZATION ALSO CONDUCTS WEEKLY OUTREACH BREAKFASTS, STREET OUTREACH PROGRAMS, OUTREACH PROGRAMS FOR CHILDREN OF PRISONERS AND PROGRAMS FOR THE POOR AND OTHERS THROUGHOUT CAMDEN, NJ. THE ORGANIZATION ALSO PROVIDES SPECIFIC OUTREACH PROGRAMS MULTIPLE TIMES PER WEEK TO THE LADIES ON BROADWAY IN CAMDEN WITH ADDICTIONS AND RESULTANT PROSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Antinore President | OfficerTrustee | 40 | $76,650 |
Megan Clapper Secretary | OfficerTrustee | 2 | $0 |
Stephen Fernands Treasurer | OfficerTrustee | 2 | $0 |
John Laks Board Member | Trustee | 2 | $0 |
Beth Walker Board Member | Trustee | 2 | $0 |
Daniel Pilla Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,438 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $521,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,231 |
| Total Program Service Revenue | $0 |
| Investment income | $5,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,120 |
| 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. | $76,650 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,346 |
| Payroll taxes | $15,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,484 |
| Office expenses | $20,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,452 |
| Travel | $25,268 |
| 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 | $18,488 |
| Insurance | $1,555 |
| All other expenses | $0 |
| Total functional expenses | $432,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,569 |
| Savings and temporary cash investments | $270,238 |
| 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 | $25,462 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,485 |
| Net Land, buildings, and equipment | $537,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,102,066 |
| Accounts payable and accrued expenses | $8,424 |
| 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 | $8,424 |
| 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 | $1,093,642 |
| Total liabilities and net assets/fund balances | $1,102,066 |