Honduras Fountain Of Life
- Assets
- $285.1k
- Revenue
- $268.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fletcher, NC
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 27-0235643
Organization Overview
Honduras Fountain Of Life is located in Fletcher, NC. The organization was established in 2010. 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. Honduras Fountain Of Life 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 12/2023, Honduras Fountain Of Life generated $268.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $277.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 9 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
HELPING HONDURANS HELP HONDURANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONDURAS FOUNTAIN OF LIFE ASSISTS A LOCAL CHURCH AND ITS WORK IN HONDURAS. THE MONEY THAT IS SENT THERE IS USED PRIMARILY IN 4 WAYS. THE FIRST IS THE SCHOOL. THEY HAVE ESTABLISHED A SCHOOL, K THROUGH 12 GRADES. THE AVERAGE PER CAPITA INCOME IS ONLY 2,000 A YEAR SO THE STUDENTS CANNOT AFFORD TO PAY THE FULL TUITION. WE SEND APROXIMATELY 70,000 A YEAR TO ASSIST THE SCHOOL IN PAYING TEACHER SALARIES AND OTHER EXPENSES RELATED TO EDUCATION OF THESE YOUNG PEOPLE.
THE SECOND MAJOR AREA IS THE ORPHANAGE. THE CHURCH OPERATES A FULL-TIME ORPHANAGE FOR 20 TO 25 LITTLE GIRLS WHO HAVE BEEN TAKEN BY THE GOVERNMENT FROM ABUSIVE SITUATIONS. WE SEND APPROXIMATELY 52,800 A YEAR TO HELP THEM OPERATE THE ORPHANAGE. THE MONEY IS USED FOR FOOD, OFFERING FOR WORKERS, MEDICAL EXPENSES, AND SCHOOL EXPENSES. THE SCHOOL AND ORPHANAGE HAVE BOTH BEEN OPERATING SINCE THE YEAR 2000.
ANOTHER AREA THAT MONEY IS BEING SENT THERE FOR IS A MEDICAL CLINIC. THE AVERAGE PERSON CANNOT AFFORD EVEN THE MOST BASIC OF HEALTHCARE, THEREFORE WE HAVE SENT APPROXIMATELY 80,000 IN 2022 TO HELP BUILD A SMALL MEDICAL CLINIC TO HELP THE POOREST OF THE POOR TO HAVE SOME KIND OF HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Cannone Board Member | Trustee | 1 | $0 |
Alex Van Dalen Board Member | Trustee | 1 | $0 |
Dee Gillespie Board Member | Trustee | 1 | $0 |
James D Pearce Jr Chairman | OfficerTrustee | 5 | $0 |
Ed Mathis Board Member | Trustee | 1 | $0 |
Timothy Mcbride Vice-Chairma | OfficerTrustee | 5 | $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 | $267,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,318 |
| Total Program Service Revenue | $0 |
| Investment income | $822 |
| 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 | $268,140 |
| 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 | $224,752 |
| 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 | $335 |
| 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 | $6,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,934 |
| 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 | $1,166 |
| All other expenses | $0 |
| Total functional expenses | $276,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,061 |
| 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 | $285,061 |
| 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 | $271,855 |
| Net assets with donor restrictions | $13,206 |
| 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 | $285,061 |