Hope Springs Water
- Assets
- $306.8k
- Revenue
- $378.1k
- Investments
- $311.0
- Employees
- 5
- Location
- Athens, TX
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-1613317
Organization Overview
Hope Springs Water is located in Athens, TX. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Hope Springs Water employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Springs Water 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, Hope Springs Water generated $378.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $377.0k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 5 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
THE MISSION OF HOPE SPRINGS WATER IS TO PROVIDE SOURCES OF PURE WATER, PROVIDE WATER DISTRIBUTIONS SYSTEMS, SANITATION SYSTEMS, AND OR PUBLIC HEALTH EDUCATION PROGRAMS IN THE DEVELOPING WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR NEW PARTNERSHIP IN BUNGOMA YIELDED 4 WATER SYSTEMS IN KENYAN ORPHANAGES, ENHANCING HEALTH AND WELL-BEING. WE ALSO COMPLETED A MULTIPLE VILLAGE WELL, PUMP, AND ELEVATED TANK TO DISTRIBUTE WATER TO 5 VILLAGES. VISITING POTENTIAL PROJECT SITES, WE SOLIDIFIED PARTNERSHIPS WITH THE LOCAL ROTARY CLUB TO DO RENOVATIONS AND UPGRADES TO 3 SCHOOL LATRINE SYSTEMS. THESE PARTNERSHIPS ENSURE WISE ALLOCATION OF RESOURCES FOR CLEAN WATER AND SANITATION PROJECTS.IN ETHIOPIA WE COMPLETED 7 WATER SYSTEMS IN 2022, BENEFITING 2,450 PEOPLE IN 7 COMMUNITIES IN THE SOUTHWEST SHEWA REGION. THESE SYSTEMS INCLUDED BORE WELLS, HAND PUMPS, EDUCATION, AND COMMITTEES. IN EACH COMMUNITY WE ASSISTED IN PROVIDING HEALTH AND HYGIENE EDUCATION IN THE SCHOOLS AS WELL AS DISTRIBUTING HOPE FOR GIRLS MHM (MENSTRUATION HYGIENE MANAGEMENT) KITS TO ADOLESCENT GIRLS. WE COMPLETED OUR 3-YEAR PROJECT WHICH EARNED HIGH PRAISE FROM THE REGIONAL WATER AND ENERGY DEPARTMENT, DISTINGUISHING US FROM OTHER NGOS. OUR NEW 3-YEAR PLAN FOR 2023-25 WILL FOCUS EVEN MORE ON SCHOOL SANITATION AND COMMUNITY HEALTH.
TRANSITIONING FROM BELIZE, WE'RE NOW CONCENTRATING ON EASTERN GUATEMALA'S IZABAL REGION, PARTNERING WITH THE GUATEMALA BAPTIST CONVENTION. WE'VE ESTABLISHED A BASE IN MORALES, COLLABORATING WITH LOCAL OFFICIALS TO ADDRESS WATER ISSUES. OUR RENOVATED DRILLING RIG ENHANCES OUR CAPACITY TO PROVIDE CLEAN WATER WELLS IN REMOTE AREAS.IN NICARAGUA, AFTER OVERCOMING CUSTOMS DELAYS, OUR NEW DRILLING EQUIPMENT REACHED OUR OPERATIONS BASE IN ROSITA ON THE ATLANTIC COAST. OUR TWO DRILLING RIGS, ONE TRAILER MOUNTED AND ONE PORTABLE, WILL EXPAND OUR EFFORTS IN 2023, INCREASING REACH TO REMOTE LOCATIONS. WE'RE ALSO PROGRESSING WITH HOPE FOR GIRLS MHM (MENSTRUATION HYGIENE MANAGEMENT) KITS FOR GIRLS IN THE PRINZAPOLKA RIVER REGION, WITH MINISTRY OF EDUCATION APPROVAL.
WE CONTINUED TO SEND REGULAR TRUCKLOADS OF WATER TO BROWNSVILLE- MATAMOROS BORDER TO ASSIST IN THE EFFORTS TO SERVE THE PEOPLE OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bliss Nelson Former Ex. Dir. | 40 | $64,191 | |
Robert Cairncross Executive Dir. | OfficerTrustee | 40 | $0 |
Ted Mettetal Director | Trustee | 15 | $0 |
Jimmy Leatherwood Director | Trustee | 5 | $0 |
Eddy Dark Director | Trustee | 2 | $0 |
Debbie Leatherwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,062 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,629 |
| 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 | $0 |
| Net Income from Fundraising Events | $53,478 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,436 |
| Grants and other assistance to Foreign Orgs/Individuals | $196,317 |
| 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 | $105,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,017 |
| Office expenses | $5,403 |
| Information technology | $468 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $429 |
| 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 | $2,967 |
| All other expenses | $12,309 |
| Total functional expenses | $376,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,895 |
| 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 | $20,054 |
| Prepaid expenses and deferred charges | $6,504 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $311 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,764 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $14,427 |
| 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 | $5,740 |
| Total liabilities | $20,167 |
| Net assets without donor restrictions | $286,597 |
| 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 | $306,764 |