Bright Hope International
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 13
- Location
- South Barrington, IL
- Founding
- 06/1969
- Data as of
- 06/2023
- EIN
- 23-7004991
Organization Overview
Bright Hope International is located in South Barrington, IL. The organization was established in 1969. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Bright Hope International employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Hope International 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, Bright Hope International generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 8 years. 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
WORKING WITHIN CHURCHES TO TRANSFORM COMMUNITIES AND BRING HOPE TO THOSE LIVING ON $2 A DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE FOR TODAY REFERS TO PROJECTS THAT MEET THE BASIC NEEDS OF THE COMMUNITY. THESE PROJECTS INCLUDE FEEDING PROGRAMS, CLEAN WATER INITIATIVES, CARE FOR ORPHANS AND VULNERABLE CHILDREN, MEDICAL ASSISTANCE, AND CRISIS AND DISASTER RESPONSE. IN FISCAL YEAR 2023, WE PROVIDED 185,165 MEALS, 9,914 PEOPLE RECEIVED CLEAN WATER, AND 10,603 PEOPLE RECEIVED MEDICAL SERVICES.
HOPE FOR ETERNITY PROJECTS PROVIDE THE COMMUNITY WITH OPPORTUNITIES FOR SPIRITUAL GROWTH AND A DEEPER RELATIONSHIP WITH JESUS CHRIST. THESE PROJECTS INCLUDE PASTOR AND LEADERSHIP TRAINING, EVANGELISM AND DISCIPLESHIP, AND BIBLE DISTRIBUTION. IN FISCAL YEAR 2023, 648 PASTORS WERE TRAINED, 23,235 CHURCH/COMMUNITY MEMBERS WERE TRAINED, AND 9,084 PEOPLE WERE DISCIPLED THROUGH CHURCH OUTREACH.
HOPE FOR TOMORROW REFERS TO PROJECTS THAT MOVE PEOPLE TOWARD SELF-RELIANCE AND SUSTAINABILITY. THIS INCLUDES PROJECTS FOCUSED ON CHURCH TRAINING, MICROFINANCE, JOB SKILLS TRAINING, AGRICULTURE PROGRAMS, AND EDUCATIONAL SUPPORT. IN FISCAL YEAR 2023, MICROFINANCE PROGRAMS (SAVINGS, MICROLOANS, MICROENTERPRISES, AND GRANTS) WERE PROVIDED TO 1,871 RECIPIENTS. ALSO, 286 PEOPLE RECEIVED JOB SKILLS TRAINING, AND 1,769 PEOPLE RECEIVED AGRICULTURE TRAINING AND SEEDS OR ANIMALS. 5,671 STUDENTS RECEIVED EDUCATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 40 | $90,220 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $818 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,504,896 |
| Noncash contributions included in lines 1a–1f | $475,575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,607,298 |
| Total Program Service Revenue | $0 |
| Investment income | $8,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,634,995 |
| 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 | $1,193,976 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,949 |
| Compensation of current officers, directors, key employees. | $31,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,143 |
| Payroll taxes | $33,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,582 |
| Fees for services: Accounting | $54,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,066 |
| Advertising and promotion | $173,466 |
| Office expenses | $48,960 |
| Information technology | $33,169 |
| Royalties | $0 |
| Occupancy | $39,496 |
| Travel | $21,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,958 |
| Insurance | $6,834 |
| All other expenses | $27,900 |
| Total functional expenses | $2,749,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $927,081 |
| Savings and temporary cash investments | $70,293 |
| Pledges and grants receivable | $101,584 |
| 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 | $198,078 |
| Net Land, buildings, and equipment | $7,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,053 |
| Total assets | $1,382,141 |
| Accounts payable and accrued expenses | $76,009 |
| 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 | $79,048 |
| Total liabilities | $155,057 |
| Net assets without donor restrictions | $815,954 |
| Net assets with donor restrictions | $411,130 |
| 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 | $1,382,141 |