Star Of Hope Ministries Inc
- Assets
- $754.2k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Paterson, NJ
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 22-1489912
Organization Overview
Star Of Hope Ministries Inc is located in Paterson, NJ. The organization was established in 1943. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Star Of Hope Ministries Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Star 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 12/2021, Star Of Hope Ministries Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN AND INCREASE THE CAPACITIES OF APPROXIMATELY 100 LOCAL CHURCHES IN ORDER TO ADDRESS PAIN AND POVERTY THROUGH LEADERSHIP DEVELOPMENT INITIATIVES AND RESOURCE SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT - WE FACILITATE THE TRAINING OF LEADERSHIP FOR INSTITUTIONS, CHURCHES, AND FAITH-BASED ORGANIZATIONS. WE ASSIST LEADERS TO HELP CHANGE AND IMPROVE THE LIVES OF PEOPLE IN GREATER PATERSON, NJ BY USING EVIDENCED BASED METHODS. WE PROVIDE TRAINING FOR FUND RAISING AND GRANT WRITING SKILLS, PLANNING AND MANAGEMENT COMPETENCIES, AND THE DEVELOPMENT OF MINISTRIES SUCH AS FOOD PANTRIES, TUTORING, JOB PLACEMENT AND SPIRITUAL DEVELOPMENT, PRAYER AND WORSHIP.
RESOURCE SUPPORT - WE REACH OUT TO INDIVIDUALS, AND ORGANIZATIONS OUTSIDE OF PATERSON, NJ TO DEVELOP RESOURCES THAT BENEFIT OUR MEMBER ORGANIZATIONS PRIMARILY IN PATERSON AND ALSO IN PASSAIC, CLIFTON AND OTHER URBAN AREAS. WE PROMOTE A TRIO OF HOPE FROM JUNE THROUGH DECEMBER WITH 1. PROJECT BACKPACK FROM JUNE-JULY PROVIDES NECESSARY SCHOOL SUPPLIES TO 2200 CHILDREN; 2. BOX OF LOVE MINISTRY FROM SEPTEMBER-NOVEMBER PROVIDES THANKSGIVING DINNERS FOR 2500 FAMILIES; 3. THE CHRISTMAS JOY SHOPPE FROM NOVEMBER-DECEMBER WHEREBY 5000 CHILDREN RECEIVE A TOY OR GAME. THROUGHOUT THE YEAR WE PROVIDED FOOD AND OTHER NECESSARY RESOURCES TO SERVE FAMILIES IN NEED. WE ALSO PROVIED SUMMER CAMPERSHIPS FOR CHILDREN IN PATERSON. WE OPERATE A THRIFT STORE TO PROVIDE USED QUALITY CLOTHING AND BRIC-A-BRAC TO THE COMMUNITY AT CONSIDERABLY LOW PRICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Anderson Executive Di | OfficerTrustee | 40 | $104,808 |
Richard Biswurm CFO | Officer | 40 | $84,972 |
Edward Gurak Chairman | OfficerTrustee | 2 | $0 |
John Algera Secretary | OfficerTrustee | 2 | $0 |
Dale Park Treasurer | OfficerTrustee | 2 | $0 |
Edward Sinclair Vice Chairma | OfficerTrustee | 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 | $1,841,908 |
| Noncash contributions included in lines 1a–1f | $782,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,841,908 |
| Total Program Service Revenue | $25,798 |
| Investment income | $9,301 |
| 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 | $165,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,042,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $782,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,781 |
| Compensation of current officers, directors, key employees. | $31,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $146,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,018 |
| Advertising and promotion | $0 |
| Office expenses | $13,337 |
| Information technology | $5,473 |
| Royalties | $0 |
| Occupancy | $29,194 |
| Travel | $18,015 |
| 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 | $16,460 |
| Insurance | $12,056 |
| All other expenses | $5,499 |
| Total functional expenses | $2,014,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,801 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,814 |
| Net Land, buildings, and equipment | $155,639 |
| Investments—publicly traded securities | $158,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $754,217 |
| Accounts payable and accrued expenses | $60,388 |
| 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 | $60,388 |
| Net assets without donor restrictions | $688,400 |
| Net assets with donor restrictions | $5,429 |
| 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 | $754,217 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Star Of Hope Ministries Inc has recieved totaling $546,874.
| Awarding Organization | Amount |
|---|---|
Table To Table Inc Hasbrouck Heights, NJ PURPOSE: FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES | $496,240 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: CHARITABLE GIVING | $15,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
Deeper Life Inc Midland Park, NJ PURPOSE: GENERAL PURPOSE | $10,000 |
Henry & Marilyn Taub Foundation Teaneck, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $7,500 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: HOLIDAY GIFT - TIER 1 | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Star Of Hope Ministries Inc Paterson, NJ | $754,217 | $2,042,128 |
Mt Cuba Astronomical Foundation Wilmington, DE | $9,308,691 | $1,467,973 |
Eastern Star Hall & Home Foundation Inc Oriskany, NY | $0 | $390,526 |
Mt Cuba Astronomical Observatory Inc Hillside Mill Road Wilmington, DE | $16,620,594 | $1,762,388 |
Ccat Observatory Inc Ithaca, NY | $25,389,189 | $7,768,720 |
Order Italian Sons And Daughters Of America Washington, PA | $401,344 | $236,859 |
Adirondack Public Observatory Inc Tupper Lake, NY | $529,166 | $113,025 |
Oziel Grand Chpter Order Of Eastern Star For The Jurisdicition Of N J Bellmawr, NJ | $478,775 | $61,878 |
Dudley Observatory Loudonville, NY | $2,053,236 | $60,327 |
Society For Mass Spectrometry Imaging Unionville, PA | $30,160 | $0 |
Order Of Eastern Star Of New York Glenville, NY | $2,601,340 | $104,082 |
Eastern Star Charity Foundation Of New Jersey Bridgewater, NJ | $996,726 | $55,865 |