Hope Center Ministries
- Assets
- $28.8m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 137
- Location
- Bethany, OK
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-8934436
Organization Overview
Hope Center Ministries is located in Bethany, OK. The organization was established in 2007. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Hope Center Ministries employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Center 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 12/2022, Hope Center Ministries generated $21.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $14.3m during the year ending 12/2022. While expenses have increased by 32.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP PEOPLE STRUGGLING WITH DRUG & ALCOHOL ADDICTION FIND THE HOPE THAT ONLY JESUS CHRIST CAN BRING.
Describe the Organization's Program Activity:
HOPE CENTER MINISTRIES (HCM) EXISTS TO LEAD ADDICTS AND THEIR FAMILIES TO BECOME FULLY DEVOTED FOLLOWERS OF CHRIST. WE PROVIDE MEN AND WOMEN WITH THE OPPORTUNITY TO OVERCOME THEIR DRUG AND ALCOHOL ADDICTION THROUGH THEIR FAITH. OUR PROGRAM IS DESIGNED TO SHOW THESE INDIVIDUALS HOW TO FIND PEACE AND LASTING FREEDOM FROM THEIR ADDICTIONS THROUGH A PERSONAL RELATIONSHIP WITH JESUS CHRIST. THERE ARE THREE PHASES TO THE IN-HOUSE PROGRAM: A REFLECTION PERIOD, VOCATIONAL TRAINING, AND COMMUNITY LIVING. RESIDENTS MUST COMPLETE ALL THREE PHASES TO GRADUATE. HCM HAD APPROXIMATELY 975 RESIDENTS IN ITS PROGRAMS LOCATED IN 38 LOCATIONS ACROSS 13 STATES DURING 2022.
HOPE CENTER MINISTRIES OPERATES THRIFT STORES TO WHICH THE PUBLIC DONATES GOODS FOR SALE TO SUPPORT THE OVERALL MISSION OF THE MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 40 | $247,199 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member & Consultant | Trustee | 35 | $39,583 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed CFO | Officer | 40 | $96,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,365,921 |
| Related organizations | $0 |
| Government grants | $52,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,417,833 |
| Noncash contributions included in lines 1a–1f | $476,126 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,836,172 |
| Total Program Service Revenue | $14,899,613 |
| Investment income | $24,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,377 |
| Net Gain/Loss on Asset Sales | -$9,987 |
| Net Income from Fundraising Events | $255,432 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,823 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,072,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $213,500 |
| Grants and other assistance to domestic individuals. | $263,179 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,644 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $420,614 |
| Compensation of current officers, directors, key employees. | $420,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,463,948 |
| Pension plan accruals and contributions | $89,598 |
| Other employee benefits | $313,224 |
| Payroll taxes | $365,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,987 |
| Fees for services: Accounting | $39,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133 |
| Fees for services: Other | $44,794 |
| Advertising and promotion | $77,311 |
| Office expenses | $274,369 |
| Information technology | $56,564 |
| Royalties | $0 |
| Occupancy | $2,106,424 |
| Travel | $508,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,727 |
| Interest | $122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969,597 |
| Insurance | $932,749 |
| All other expenses | $32,736 |
| Total functional expenses | $14,267,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,913 |
| Savings and temporary cash investments | $4,279,638 |
| Pledges and grants receivable | $467,221 |
| Accounts receivable, net | $1,175,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,823 |
| Prepaid expenses and deferred charges | $101,328 |
| Net Land, buildings, and equipment | $21,502,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,843,567 |
| Accounts payable and accrued expenses | $482,462 |
| 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 | $10,294,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,776,762 |
| Net assets without donor restrictions | $17,330,714 |
| Net assets with donor restrictions | $736,091 |
| 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 | $28,843,567 |
Grants Awarded
Over the last fiscal year, Hope Center Ministries has awarded $201,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IPHC WORLD MISSIONS MINISTRIES PURPOSE: Assist Israeli Christian Recovery Centers | $111,500 |
CONVOY OF HOPE PURPOSE: Clean water project | $50,000 |
MERCY MINISTRIES PURPOSE: Ministry support | $25,000 |
METRO WORLD CHILD PURPOSE: Ministry support | $15,000 |