Hope Ethiopia Inc
- Assets
- $677.0k
- Revenue
- $911.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 20-4237175
Organization Overview
Hope Ethiopia Inc is located in Sunnyvale, CA. The organization was established in 2008. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Ethiopia 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, Hope Ethiopia Inc generated $911.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $930.1k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 8 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
THE ORGANIZATION WORKS WITH SELECTED ETHIOPIAN NONPROFIT ORGANIZATIONS TO BRING HOPE TO ETHIOPIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE ENTERPRISES - STICHTING WOORD EN DAAD:PROVIDE FUNDING FOR COMPLETION OF SINTARO SCHOOL BUILDING PROJECT. PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS AT THE HOPE ENTERPRISES SINTARO SCHOOL. PROVIDE FUNDING FOR ORGANIZATIONAL EXPENSES AT THE HOPE ENTERPRISES HEADQUARTERS. PROVIDE FUNDING FOR CONSTRUCTION OF A CLASSROOM BUILDING IN ROGGIE VILLAGE. PROVIDE FUNDING FOR STUDENT SPONSORSHIPS. PROVIDE FUNDING FOR PROJECT MANAGEMENT AND ADMINISTRATION EXPENSES. SUPPORT COMMUNITY DEVELOPMENT PROJECTS.
ETHIOPIAN GRADUATE SCHOOL OF THEOLOGY (EGST):PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS. PROVIDE FUNDING FOR CAMPUS DEVELOPMENT PROJECTS.
TIGRAY DEVELOPMENT ASSOCIATION - ABRAHAM'S OASIS:PROVIDE SHELTER, FOOD, MEDICAL CARE, AND COUNSELING FOR CHILDREN; SUSTAIN SAFE HOUSES; FUNDING TO HELP REUNITE ORPHANS/STREET CHILDREN WITH RELATIVES; ONGOING CHILD SPONSORSHIPS; PROVIDE SEED AND OXEN FOR FARMERS; FUNDING FOR ORGANIZATIONAL OVERHEAD EXPENSES; PROVIDE ACCOMMODATION, FOOD, COUNSELING, AND TRAINING TO SUPPORT INTERNALLY DISPLACED WOMEN AND CHILDREN.
EVANGELICAL THEOLOGICAL COLLEGE (ETC):PROVIDE FUNDING FOR EDUCATIONAL HARDWARE AND SOFTWARE. SUPPORT STAFF PARTICIPATION IN OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Y Chan Part Year President | OfficerTrustee | 4 | $0 |
Anita L Lee Chief Financial Officer | OfficerTrustee | 8 | $0 |
Gary Taggart Secretary | OfficerTrustee | 2 | $0 |
Grant Bomze Director | Trustee | 2 | $0 |
Deborah Kilner Director | Trustee | 4 | $0 |
Alissa Shook Part Year Director | Trustee | 2 | $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 | $899,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,495 |
| Total Program Service Revenue | $0 |
| Investment income | $11,916 |
| 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 | $911,496 |
| 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 | $926,073 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,034 |
| 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 | $1,012 |
| Total functional expenses | $930,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,512 |
| Savings and temporary cash investments | $150,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,000 |
| 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 | $677,025 |
| 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 | $93,253 |
| Net assets with donor restrictions | $583,772 |
| 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 | $677,025 |