HopeSprings Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- Baltimore, MD
- Founding
- 08/2009
- Data as of
- 06/2021
- EIN
- 26-4040421
Organization Overview
HopeSprings Inc is located in Baltimore, MD. The organization was established in 2009. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, HopeSprings Inc employed 8 individuals. HopeSprings 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 06/2021, HopeSprings Inc generated $90.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $306.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN FY21, HOPESPRINGS WAS FOCUSED ON WINDING DOWN ITS OPERATIONS AND DISBURSE ITS REMAINING ASSETS IN ACCORDANCE WITH ITS BYLAWS. THE ORGANIZATION CEASED ALL OPERATIONS BY THE END OF ITS FISCAL YEAR AND HAS BEEN DISSOLVED AS A LEGAL ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Leslie ESQ Secretary | 4 | $0 | |
Kevin Vyfhuis Treasurer | 4 | $0 | |
Alphonso Mayo Director | 2 | $0 | |
Carolyn Nganga-Good Director | 1 | $0 | |
Rev Andy Nagel Chairman | 1 | $0 | |
Rev Keron Sadler Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,205 |
| Total Program Service Revenue | $790 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $656 |
| Total Revenue | $90,668 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $143,259 |
| Professional fees and other payments to independent contractors | $8,440 |
| Occupancy, rent, utilities, and maintenance | $3,100 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $151,620 |
| Total expenses | $306,419 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |