Hope Enterprises Foundation Inc
- Assets
- $6.2m
- Revenue
- $359.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsport, PA
- Founding
- 08/1974
- Data as of
- 06/2023
- 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 06/2023, Hope Enterprises Foundation Inc generated $359.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $143.1k during the year ending 06/2023. 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
2023
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, 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). 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 EXPERIENCES THAT WILL ENHANCE HOPE'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace P Dewar Chairman | OfficerTrustee | 1 | $0 |
Kristie Healy Vice Chairman | OfficerTrustee | 1 | $0 |
Jim Dinsmore Treasurer | OfficerTrustee | 1 | $0 |
Gabe Sinicropi Secretary | OfficerTrustee | 1 | $0 |
Glen Smith II Past Chairman | OfficerTrustee | 1 | $0 |
Charley Hall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,631 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,170 |
| Total Program Service Revenue | $0 |
| Investment income | $129,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,295 |
| Net Income from Fundraising Events | -$29,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,412 |
| 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 | $85,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,980 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230 |
| Office expenses | $1,247 |
| 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 | $1,731 |
| All other expenses | $704 |
| Total functional expenses | $143,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $876,527 |
| 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 | $5,330,115 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,772 |
| Total assets | $6,239,414 |
| Accounts payable and accrued expenses | $27,499 |
| 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 | $175,114 |
| Total liabilities | $202,613 |
| Net assets without donor restrictions | $4,589,113 |
| Net assets with donor restrictions | $1,447,688 |
| 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 | $6,239,414 |