A Spring Of Hope Inc
- Assets
- $1.4m
- Revenue
- $723.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Coconut Creek, FL
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-0851887
Organization Overview
A Spring Of Hope Inc is located in Coconut Creek, FL. The organization was established in 2008. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Spring Of Hope 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 12/2022, A Spring Of Hope Inc generated $723.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $446.4k during the year ending 12/2022. While expenses have increased by 13.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A SPRING OF HOPE IS A NONPROFIT THAT PROVIDES CLEAN DRINKING WATER, WATERLESS SANITATION SYSTEMS, PERMACULTURE GARDENS, ECONOMIC DEVELOPMENT OPPORTUNITIES AND STUDENT EMPOWERMENT PROGRAMS TO SCHOOLS AND COMMUNITY CENTERS IN RURAL SOUTH AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FOCUS FOR THIS SCHOOL YEAR WAS TO HELP OUR SCHOOLS GET THEIR GARDENS UP AND RUNNING, INTRODUCE OUR GIRLS CLUB TO MORE OF OUR PARTNER SCHOOLS, DISTRIBUTE MENSTRUAL HYGIENE CUPS TO STUDENTS IN NEED, AND WELCOME STUDENTS AND COMMUNITY MEMBERS TO OUR PERMACULTURE CENTER TO PARTICIPATE IN OUR EXCITING NEW PROGRAMS.WE ARE EXCITED TO INTRODUCE OUR NEWEST PROGRAM AT OUR PERMACULTURE CENTER, A SPRING OF HOPES AFTER SCHOOL MEAL PROGRAM. STARTED IN MARCH, WE WELCOMED A HUNDRED CHILDREN IN THE SURROUNDING ACORNHOEK COMMUNITY TO COME TO THE CENTER AFTER SCHOOL TO RECEIVE AN ADDITIONAL MEAL. MANY OF THESE CHILDREN ARE ORPHANS AND LIVE WITH EXTENDED FAMILIES OR LIVE ON THEIR OWN, TAKING CARE OF THEIR YOUNGER SIBLINGS. THESE CHILDREN RELY ON THE MEALS THEY RECEIVE AT SCHOOL AND FOR MANY, IT WILL BE THE ONLY OTHER MEAL THEY WILL HAVE THAT DAY. HIRING TWO WOMEN FROM ACORNHOEK, WE HAVE MEALS PREPARED AT THE CENTER MONDAY THROUGH FRIDAY. THESE MEALS WILL VARY THROUGHOUT THE WEEK AND WILL MEET THE NUTRITIONAL NEEDS OF THE YOUNG CHILDREN. DUE TO COVID19 RESTRICTIONS, WE WERE NOT ABLE TO HOST A PERMACULTURE WORKSHOP LAST YEAR. ON FEBRUARY 17TH, WE HAD OUR FIRST QUARTERLY PERMACULTURE WORKSHOP OF 2022.BERETTA PRIMARYS GIRLS CLUB HAS BEEN MEETING WEEKLY AFTER SCHOOL AT BERETTA AND ONCE A MONTH THEY MEET AT OUR PERMACULTURE CENTRE FOR A SPECIAL MEETING AND A HOT MEAL. THE GIRLS ARE ENJOYING THE CLUB AND ARE DISPLAYING GREATER CONFIDENCE IN AND OUT OF SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Auguston-Koppen Director | Trustee | 1 | $0 |
Stanley L Laskowski Director | Trustee | 1 | $0 |
Charmaine Johnson-Leong Director | Trustee | 1 | $0 |
Howard York Director | Trustee | 1 | $0 |
Joanne Young Director VP & Treasurer | OfficerTrustee | 30 | $0 |
Brittany Young Director President | OfficerTrustee | 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 | $666,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,932 |
| Total Program Service Revenue | $0 |
| Investment income | $56,804 |
| 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 | $723,736 |
| 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 | $45,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,061 |
| 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 | $3,659 |
| Information technology | $1,213 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,346 |
| 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 | $446,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,475 |
| Savings and temporary cash investments | $1,254,742 |
| 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 | $1,374,217 |
| 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 | $1,374,217 |
| Total liabilities and net assets/fund balances | $1,374,217 |