Initiate Hope Inc
- Assets
- $31.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 27-1185330
Organization Overview
Initiate Hope Inc is located in Dallas, TX. The organization was established in 2010. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiate 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, Initiate Hope Inc generated $60.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $46.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
MINISTRY EXPANDED TO NEW LOCATIONS AND OPPORTUNITIES FOR FUTURE GROWTH AND IMPACT WERE DEFINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Davis President | 5 | $0 | |
Mark Bowlin Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,644 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,652 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,625 |
| Professional fees and other payments to independent contractors | $150 |
| Occupancy, rent, utilities, and maintenance | $13,368 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,315 |
| Total expenses | $46,458 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,873 |
| Other assets | $0 |
| Total assets | $31,411 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,411 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Initiate Hope Inc has recieved totaling $3,814.
| Awarding Organization | Amount |
|---|---|
Mas Impact Foundation Dallas, TX PURPOSE: SUPPORT OF INTERNATIONAL MISSIONAND AID | $3,814 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iron Gate Inc Tulsa, OK | $11,231,140 | $2,664,818 |
Missions Resource Network Bedford, TX | $4,580,881 | $2,063,631 |
Schusterman Initiatives Inc Tulsa, OK | $1,811,845 | $3,942 |
Texas Christian Educational Foundation Inc Houston, TX | $3,507,628 | $1,666,291 |
Young Catholic Professionals Dallas, TX | $810,022 | $1,118,843 |
Field Life Tomball, TX | $182,533 | $465,820 |
Christ Embassy Lewisville, TX | $113,474 | $528,118 |
Gaston Christian Center Dallas, TX | $4,871,470 | $697,659 |
New Beginnings Title Holding Company Brenham, TX | $0 | $89,146 |
Glocal Mission Houston, TX | $584,873 | $354,902 |
Fdm World Inc Horseshoe Bay, TX | $57,518 | $331,075 |
Love God Greatly Inc Heath, TX | $184,406 | $280,925 |