Education Equals Hope Inc
- Assets
- $627.8k
- Revenue
- $795.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Mill, SC
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-0832096
Organization Overview
Education Equals Hope Inc is located in Fort Mill, SC. The organization was established in 2010. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Equals 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 12/2021, Education Equals Hope Inc generated $795.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $653.4k during the year ending 12/2021. While expenses have increased by 11.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE EDUCATION OF CHILDREN IN DESPERATE AND DIFFICULT PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL SERVICES TO SCHOOLS IN HAITI.
TO PROVIDE EDUCATIONAL SERVICES TO SCHOOLS IN ECUADOR.
TO PROVIDE EDUCATIONAL SERVICES TO SCHOOLS IN RWANDA & UGANDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Pettibon Vice Chairma | Officer | 1 | $0 |
Joyce Sanders Secretary | Officer | 1 | $0 |
Richard Sharpless Treasurer | Officer | 1 | $0 |
Chip Smith Chairman | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $788,001 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,001 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $795,921 |
| 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 | $544,020 |
| 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 | $4,326 |
| Payroll taxes | $4,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,076 |
| Advertising and promotion | $10,679 |
| Office expenses | $7,565 |
| Information technology | $8,712 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,151 |
| 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 | $43 |
| Insurance | $864 |
| All other expenses | $100 |
| Total functional expenses | $653,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,792 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,029 |
| 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 | $22 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $627,843 |
| 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 | $20,487 |
| Total liabilities | $20,487 |
| Net assets without donor restrictions | $607,356 |
| 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 | $627,843 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Education Equals Hope Inc has recieved totaling $81,000.
| Awarding Organization | Amount |
|---|---|
Donahue Charitable Foundation Charlotte, NC PURPOSE: CASA ADALIA & BLESSING SCHOOL | $57,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $23,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
Pi Kappa Phi Foundation Charlotte, NC | $14,162,556 | $2,105,535 |
Phi Mu Foundation Peachtree City, GA | $11,103,093 | $1,619,138 |
Alpha Gamma Delta Fraternity Athens, GA | $135,188 | $1,394,894 |
Phi Mu Fraternity Housing Corp Peqachtree City, GA | $4,619,624 | $1,061,486 |
Chi Omega Fraternity Athens, GA | $176,705 | $1,224,460 |
Chi Phi Fraternity Inc Suwanee, GA | $1,700,100 | $1,353,690 |
Gamma Phi Beta Sorority Inc Athens, GA | $190,092 | $1,103,748 |
Phi Gamma Delta Fraternity Athens, GA | $120,087 | $859,483 |
Phi Gamma Delta Fraternity Atlanta, GA | $154,287 | $892,310 |
Phi Mu Fraternity Athens, GA | $3,127,704 | $1,057,427 |