Hope Network Of Raytown
- Assets
- $128.1k
- Revenue
- $690.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Kansas City, MO
- Founding
- 05/2008
- Data as of
- 09/2023
- EIN
- 26-0240331
Organization Overview
Hope Network Of Raytown is located in Kansas City, MO. The organization was established in 2008. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Hope Network Of Raytown employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Network Of Raytown 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 09/2023, Hope Network Of Raytown generated $690.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $641.3k during the year ending 09/2023. While expenses have increased by 17.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE NETWORK EXISTS TO MEET THE NEEDS OF INDIVIDUALS AND FAMILIES, PRIMARILY IN RAYTOWN, MO, WHO ARE AT OR BELOW 150% OF THE FEDERAL POVERTY GUIDELINE. PROGRAMS ADDRESS THE NEEDS OF FOOD, CLOTHING, SHELTER, UTILITY AND RENT ASSISTANCE, VEHICLE REPAIR, SCHOOL SUPPLIES, AND PROVIDING RESOURCES FOR EMERGENCY ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, HOPE NETWORK PROVIDED TO 1,636 FAMILIES AND 5,252 INDIVIDUALS FOOD, CLOTHING, AND HOUSEHOLD GOODS FOR THOSE AT OR BELOW THE 150% FEDERAL POVERTY GUIDELINES. IN ADDITION, HOPE NETWORK PROVIDED DIRECT ASSISTANCE TO 182 FAMILIES WITHIN THE COMMUNITY TO MEET THEIR NEEDS FOR RENT, UTILITY, AND VEHICLE REPAIR. THE GIFTS OF HOPE PROVIDES CHRISTMAS GIFTS FOR CHILDREN IN LOW-INCOME FAMILIES WHO OTHERWISE MAY NOT BE ABLE TO RECEIVE THEM. THERE WERE 35 FAMILIES AND 104 INDIVIDUAL SERVED. DAY CARE WAS PROVIDED FOR THESE EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Cole Director | Trustee | 1 | $0 |
Paul Crisafulli Director | Trustee | 1 | $0 |
Robin Crump Director | Trustee | 1 | $0 |
John Davis Director | Trustee | 1 | $0 |
Laura Davis Secretary/tr | OfficerTrustee | 1 | $0 |
Larry Jones Director | Trustee | 1 | $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 | $690,693 |
| Noncash contributions included in lines 1a–1f | $453,858 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,693 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $529,726 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,758 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,942 |
| Other salaries and wages | $45,063 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,251 |
| 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 | $0 |
| All other expenses | $2,599 |
| Total functional expenses | $641,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,087 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,087 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5 |
| Total liabilities | $5 |
| Net assets without donor restrictions | $34,392 |
| Net assets with donor restrictions | $93,690 |
| 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 | $128,087 |