The information for Sail Of Hope International is as of the organization's most recent filing in December '21. This organization is located in Lynchburg, VA. It has been in existence for 14 years, following its founding in 2007.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Sail Of Hope International is a religious organization classified under the NTEE code X20. The "X" indicates that the organization is related to religion, specifically Christianity. The "20" suggests that it falls under the category of Christian denominations that are not specified below, as well as their ministries, missions, or missionary activities, and bible camps and schools. Sail Of Hope International provides opportunities for individuals to fulfill their spiritual needs and enhance their spiritual growth through organized worship and other devotional activities. Additionally, as a 501(c)(3) organization, it is also engaged in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work, according to the Internal Revenue Code.
The organization's general fund encompasses the activities of translating and distributing Bibles and Christian newsletters to Russia, as well as sending monetary support to Russian pastors. Additionally, the general fund is responsible for distributing Christian newsletters and providing monetary support to Christian organizations in the United States and foreign countries.
Sail Of Hope International, a nonprofit organization, has experienced a decrease in total revenue over the given time period. From 2015 to 2021, the organization's total revenue declined from $101.0K to $88.0K. This suggests that Sail Of Hope International has not grown but rather experienced a decrease in its financial resources during this time.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Worrell Pres/director | 40 | $0 | |
Dr Christian Wei Vp/director | 0 | $0 | |
Andre Bruyako Director | 0 | $0 | |
Mark Sherwood Director | 0 | $0 | |
Michael Pruglo Director | 0 | $0 | |
Ivan Bruyako Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $88,011 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $88,011 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $24,000 |
Professional fees and other payments to independent contractors | $605 |
Occupancy, rent, utilities, and maintenance | $603 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $63,497 |
Total expenses | $88,705 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $68,224 |
Other assets | $0 |
Total assets | $83,333 |
Total liabilities | $28,731 |
Net assets or fund balances | $54,602 |
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