Hope Foundation
- Assets
- $406.1k
- Revenue
- $213.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Paramus, NJ
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 26-0769291
Organization Overview
Hope Foundation is located in Paramus, NJ. The organization was established in 2011. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Foundation 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, Hope Foundation generated $213.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $80.0k during the year ending 12/2021. While expenses have increased by 11.7% 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
REACHOUT TO ORPHANS, WIDOWS AND PEOPLE IN NEED AND CHANGE THEIR LIVES PERMANENTLY BY EMPOWERING THEM & BY GIVING A HOPE FOR A BETTER LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSE FOR ORPHANAGE PAID IN INDIA.
EXPENSE FOR ORPHANAGE PAID IN INDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mejia Treasurer | Officer | $0 | |
Anna Mosca Secretary | Officer | $0 | |
Abraham V Thomas President | Officer | $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 | $213,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,337 |
| Total Program Service Revenue | $0 |
| Investment income | $233 |
| 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 | $213,570 |
| 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 | $80,000 |
| 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 | $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 | $0 |
| 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 | $0 |
| Total functional expenses | $80,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,489 |
| 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 | $289,564 |
| Total assets | $406,053 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $406,053 |
| Total liabilities and net assets/fund balances | $406,053 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Foundation has recieved totaling $84.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $84 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Search For Change Inc Valhalla, NY | $8,874,083 | $10,897,838 |
Cheshire Home Inc Florham Park, NJ | $5,401,829 | $9,957,497 |
Association For The Mutiple Impaired Blind Brick, NJ | $27,980,356 | $13,786,430 |
Glove House Inc Elmira, NY | $3,691,138 | $9,369,696 |
21 Plus Inc Manchester, NJ | $6,652,047 | $9,345,082 |
Cambria Residential Services Johnstown, PA | $10,295,519 | $8,835,197 |
United Cerebral Palsy Assoc Of Putnam & Southern Dutchess Brewster, NY | $19,126,083 | $8,020,920 |
Timothy Hill Childrens Ranch Inc Riverhead, NY | $17,015,098 | $9,088,040 |
Overbrook Friedlander Programs Philadelphia, PA | $3,455,579 | $8,736,196 |
Northern Childrens Services Philadelphia, PA | $13,817,122 | $7,729,982 |
Martin De Porres Youth And Family Services Springfield Gardens, NY | $2,503,208 | $7,155,754 |
Childrens Home Of York York, PA | $22,762,147 | $8,023,862 |