Meals Of Hope Inc
- Assets
- $5.9m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 24
- Location
- Naples, FL
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-0268307
Organization Overview
Meals Of Hope Inc is located in Naples, FL. The organization was established in 2010. 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 12/2023, Meals Of Hope Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meals 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, Meals Of Hope Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $10.0m during the year ending 12/2022. While expenses have increased by 34.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTO INSPIRE AND EMPOWER COMMUNITIES TO COME TOGETHER TO END HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEALS OF HOPE TAKES A MULTI-PRONGED APPROACH TO ENDING HUNGER BY FEEDING PEOPLE THROUGH ITS MOBILE FOOD PANTRIES, MEAL PACKING EVENTS AND OUT OF SCHOOL PROGRAM. IN 2023, WE CONSISTENTLY SERVED UP TO 4,000 FAMILIES PER WEEK COLLECTIVELY THROUGH OUR 15 MOBILE FOOD PANTRIES IN COLLIER AND LEE COUNTIES; 40,000 OF OUR VOLUNTEERS PACKED MORE THAN 13.3 MILLION FORTIFIED MEALS AND DONATED THEM TO LOCAL FEEDING AMERICA FOOD BANKS ACROSS THE U.S. FOR DISTRIBUTION, AND PROVIDED OVER 81,000 PACKS OF EMERGENCY WEEKEND FOOD TO AT-RICK STUDENTS IN PUBLIC SCHOOLS IN A THREE-COUNTY RADIUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacques Groenteman Board Chair | Trustee | 2 | $0 |
Samantha Sheffield Treasurer | Trustee | 1 | $0 |
Rabbi Adam Miller Director | Trustee | 1 | $0 |
Mark Matos Director | Trustee | 1 | $0 |
Ashley Suarez Director | Trustee | 1 | $0 |
Kenneth Mundy 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 | $7,131,154 |
| Noncash contributions included in lines 1a–1f | $5,252,233 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,131,154 |
| Total Program Service Revenue | $2,806,402 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$46,571 |
| 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 | $9,890,985 |
| 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. | $301,760 |
| Compensation of current officers, directors, key employees. | $39,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,980 |
| Pension plan accruals and contributions | $9,405 |
| Other employee benefits | $26,751 |
| Payroll taxes | $71,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,741 |
| Fees for services: Accounting | $12,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,583 |
| Advertising and promotion | $15,955 |
| Office expenses | $14,813 |
| Information technology | $1,427 |
| Royalties | $0 |
| Occupancy | $113,991 |
| Travel | $2,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,248 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,010 |
| Insurance | $59,714 |
| All other expenses | $16,441 |
| Total functional expenses | $9,974,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $548,086 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $481,590 |
| Prepaid expenses and deferred charges | $217,729 |
| Net Land, buildings, and equipment | $1,876,152 |
| Investments—publicly traded securities | $9,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,188,062 |
| Total assets | $5,912,627 |
| Accounts payable and accrued expenses | $389,592 |
| Grants payable | $0 |
| Deferred revenue | $251,442 |
| 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 | $3,291,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $584,984 |
| Total liabilities | $4,517,376 |
| Net assets without donor restrictions | $1,395,251 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,912,627 |