Branch Of Hope
- Assets
- $310.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Water Valley, MS
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-1026506
Organization Overview
Branch Of Hope is located in Water Valley, MS. The organization was established in 2010. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Branch Of Hope 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, Branch Of Hope generated $62.6k 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 (5.7%) each year. All expenses for the organization totaled $65.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
HELP RECOVERING ADDICTS TRANSITION BACK INTO SOCIETY BY PROVIDING COUNSELING, JOB TRAINING, ETC. RESIDENCE IS PROVIDED TO APPROXIMATELY 20 PEOPLE AT A TIME. AS SOMEONE COMPLETES PROGRAM, ANOTHER IS ACCEPTED. THESE ARE PEOPLE ARE REFERRED BY PHYSICIANS, PRISIONS AND REHAB FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Berry President | 10 | $0 | |
Will Burns Vice President | 10 | $0 | |
Laura Henry Treasurer | 10 | $0 | |
Daniel Martin Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,582 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,582 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,400 |
| Occupancy, rent, utilities, and maintenance | $30,156 |
| Printing, publications, postage, and shipping | $296 |
| Other expenses | $29,412 |
| Total expenses | $65,264 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,161 |
| Other assets | $0 |
| Total assets | $310,307 |
| Total liabilities | $189,176 |
| Net assets or fund balances | $121,131 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Branch Of Hope has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Carothers Construction Charitable Foundation Taylor, MS PURPOSE: OPERATING EXP | $6,000 |
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