Hope-Net Ministries Inc
- Assets
- $78.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Council Blfs, IA
- Founding
- 12/2007
- Data as of
- 12/2020
- EIN
- 20-8098162
Organization Overview
Hope-Net Ministries Inc is located in Council Blfs, IA. The organization was established in 2007. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope-Net 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 12/2020, Hope-Net Ministries Inc generated $161.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $115.7k during the year ending 12/2020. While expenses have increased by 7.2% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
A NON-PROFIT, FAITH BASED ORGANIZATION WHOSE GOAL IS TO PROVIDE FAMILIES AND INDIVIDUALS THE TOOLS AND RESOURCES TO BREAK THE CYCLE OF ADDICTION/POVERTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Fontaine Exec Director | 40 | $0 | |
Susan Enewold Secretary | 1 | $0 | |
Bruce Kuening Program Director | 20 | $0 | |
Jean Stephens Program Director | 20 | $0 | |
Nadine Fontaine Admin Assistant | 10 | $0 | |
Sue Jungman Program Manager | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,645 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $70 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $57,367 |
| Other Revenue | $0 |
| Total Revenue | $161,285 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,813 |
| Professional fees and other payments to independent contractors | $2,769 |
| Occupancy, rent, utilities, and maintenance | $35,584 |
| Printing, publications, postage, and shipping | $4,076 |
| Other expenses | $28,441 |
| Total expenses | $115,683 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,134 |
| Other assets | $0 |
| Total assets | $78,134 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,134 |
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