Hope Enterprises Foundation Inc
- Assets
- $5.6m
- Revenue
- $510.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsport, PA
- Founding
- 08/1974
- Data as of
- 06/2022
- EIN
- 23-1914215
Organization Overview
Hope Enterprises Foundation Inc is located in Williamsport, PA. The organization was established in 1974. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Enterprises Foundation 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 06/2022, Hope Enterprises Foundation Inc generated $510.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $132.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE AND BENEFIT THE INHABITANTS OF THE AREAS WHICH IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 1987, THE HOPE ENTERPRISES FOUNDATION, INC. WAS FORMED TO DRIVE THE OPPORTUNITY FOR IMPACT, DEVELOPMENT, RESOURCES, AND EDUCATION TO PEOPLE WITH DISABILITIES, THEIR FAMILIES, AND OUR COMMUNITIES. ONE WAY OUR FOUNDATION HAS MADE AN IMPACT INCLUDES OUR RECEIVING OF A GRANT FROM THE ALLONE FOUNDATION IN WILKES-BARRE, PA. FUNDS HAVE BEEN ACCEPTED TO CREATE AN AUTISM COLLABORATIVE CENTER FOR EXCELLENCE (ACCE) ON HOPE'S CHILDREN'S CAMPUS IN WILLIAMSPORT. DESPITE ITS LOCATION, THIS NEW SERVICE WILL PROVIDE RESOURCES AND REFERRAL SERVICES FOR CHILDREN, ADOLESCENTS, ADULTS AND THEIR FAMILIES WITH AN AUTISM SPECTRUM DISORDER (ASD). CONTINUED ON SCHEDULE O.ADULTS WITH DISABILITIES HAVE THE RIGHT TO ACHIEVE AN EVERYDAY LIFE, NO DIFFERENT THAN ANY OTHERS. THE HOPE FOUNDATION REMAINS COMMITTED TO SUPPORTING HOPE'S SERVICES, OUR COMMUNITY PARTNERS, AND DONORS, BY CONTRIBUTING SUBSTANTIAL FUNDS FOR CREATING OPPORTUNITIES AND EXPERIENCE THAT WILL ENHANCE HOPE'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Don C Adams Chairman | OfficerTrustee | 1 | $0 |
Candace P Dewar Vice Chairman | OfficerTrustee | 1 | $0 |
Jim Dinsmore Treasurer | OfficerTrustee | 1 | $0 |
Gabe Sinicropi Jr Secretary | OfficerTrustee | 1 | $0 |
Glenn Smith II Past Chairman | OfficerTrustee | 1 | $0 |
Robert A Labatch President/ceo | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,028 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,130 |
| Total Program Service Revenue | $0 |
| Investment income | $103,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $245,867 |
| Net Income from Fundraising Events | -$3,748 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,532 |
| 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 | $0 |
| 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 | $92,125 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,680 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,055 |
| 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 | $2,051 |
| All other expenses | $70 |
| Total functional expenses | $132,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $726,047 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,824,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,550,159 |
| Accounts payable and accrued expenses | $26,185 |
| 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 | $90,501 |
| Total liabilities | $116,686 |
| Net assets without donor restrictions | $4,063,631 |
| Net assets with donor restrictions | $1,369,842 |
| 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 | $5,550,159 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hope Enterprises Foundation Inc has recieved totaling $55,263.
| Awarding Organization | Amount |
|---|---|
First Community Foundation Partnership Of Pennsylvania Williamsport, PA PURPOSE: ONBOARDING SAGE INTACCT, A CLOUD-BASED GENERAL LEDGER (GL) SOFTWARE | $29,615 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA PURPOSE: 2021 RAISE THE REGION | $12,393 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA PURPOSE: ANNUAL SUPPORT OF PROGRAMS, OPERATIONS, AND CAPITAL NEEDS | $7,052 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA PURPOSE: ANNUAL SUPPORT OF PROGRAMS AND OPERATIONS | $6,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Technology Enterprise Corporation Rome, NY | $60,981,617 | $75,235,119 |
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dave Thomas Foundation For Adoption Dublin, OH | $82,316,858 | $45,774,004 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Fisher House Foundation Inc Rockville, MD | $70,108,334 | $49,075,688 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |