Bold Hope Inc is located in Doylestown, PA. The organization was established in 2010. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2023, Bold Hope Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bold 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 08/2023, Bold Hope Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.8m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOLD HOPE EXISTS TO INSPIRE HOPE BY CONNECTING AND EMPOWERING PEOPLE TO TRANSFORM LIVES WORLDWIDE. WE INITIATE CONNECTION THROUGH SERVICE AND SPONSORSHIP - COLLABORATING TO SUPPORT GOD'S WORK IN ORDER TO IMPACT LIVES GLOBALLY. WE COME ALONGSIDE LOCAL MINISTRY PARTNERS TO PROVIDE SUPPORT FOR THE GOOD WORK ALREADY BEING ACCOMPLISHED, TACKLING EACH PHYSICAL AND EMOTIONAL NEED THAT PRESENTS ITSELF WHILE SHARING THE GOSPEL. A FOCUS ON DISCIPLE-MAKING IS PARAMOUNT; WITHOUT A SAVING KNOWLEDGE OF JESUS CHRIST, THERE CAN BE NO REAL HOPE DESPITE IMPROVED CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, BOLD HOPE TOOK MORE THAN 612 TRIP PARTICIPANTS ON 41 MISSION TRIPS TO 5 COUNTRIES TO SUPPORT THE GOOD WORK THAT OUR PARTNERS FAITHFULLY CARRY OUT YEAR-ROUND. OUR TEAMS SERVED IN VARIOUS WAYS IN IMPOVERISHED COMMUNITIES BY DOING THINGS LIKE EVANGELIZING AMONG MUSLIMS AND HINDUS, LAYING THE FOUNDATION FOR THE FIRST EVANGELICAL CHURCH IN A RURAL VILLAGE, HOSTING MEDICAL CLINICS, BUILDING A COMMUNITY CENTER, AND GETTING A HEALTH POST READY TO REOPEN TO THE PUBLIC. ADDITIONALLY, SCHOOL PROGRAMS, HOME VISITS, COMMUNITY OUTREACH, AND CHILDREN'S MINISTRY WERE MAINSTAYS IN TRIP PROGRAMMING.
OUR CHILD DEVELOPMENT PROGRAMS EXIST TO MEET DAILY NEEDS THAT WOULD OTHERWISE GO UNMET. OUR CONTINUED FOCUS ON CHILD SPONSORSHIP WAS BORN OUT OF A FIRM BELIEF THAT SPONSORSHIP PROVIDES HOPE AND A FUTURE TO CHILDREN AROUND THE GLOBE WHO MIGHT OTHERWISE FIND THEMSELVES IN DESPERATE SITUATIONS. IN MANY COUNTRIES, FAMILIES ARE UNABLE TO PROVIDE FOR THEIR CHILDREN FINANCIALLY, WHICH IN TURN MAKES THEM SUSCEPTIBLE TO SEPARATION OR EXPLOITATION. OUR DESIRE IS TO KEEP FAMILIES TOGETHER BY SUPPORTING IMPORTANT EFFORTS ALREADY BEING MADE IN VULNERABLE COMMUNITIES OR FACILITATING OUR OWN CHILD DEVELOPMENT PROGRAMS IN SOME LOCATIONS. OUR SPONSORSHIP PROGRAMS PROVIDE CHILDREN IN HIGH-RISK POPULATIONS WITH BASIC NECESSITIES INCLUDING ITEMS SUCH AS CLEAN WATER, FOOD, MEDICAL ATTENTION, SHELTER, CLOTHING, EDUCATION, PROTECTION, AND SPIRITUAL DEVELOPMENT.
OUR FUNDRAISING EFFORTS IN 2023 ALLOWED US TO CONTINUE TO EXPAND OUR REACH AROUND THE WORLD. THE MONEY RAISED THROUGH VARIOUS EVENTS AND FUNDRAISING CAMPAIGNS WAS USED TO INCREASE THE EFFECTIVENESS OF OUR CHILD DEVELOPMENT PROGRAM, INCLUDING DEVELOPMENT AND EDUCATIONAL WORK IN BELIZE. SOME OF THE FUNDS WERE USED TO HELP FINISH THE ROOF ON A HEALTH CLINIC IN THE IMPOVERISHED COMMUNITY OF GEORGETOWN, BELIZE. HAITI AND THE DOMINICAN REPUBLIC ARE STILL PRIORITIES AS WELL; A PORTION OF THE MONEY RAISED WILL BE USED TO CONTINUE OUR DEDICATION TO PROGRAMS IN THOSE LOCATIONS. ADDITIONALLY, FUNDRAISING HELPS OFFSET OUR ONGOING ADMINISTRATIVE NEEDS GLOBALLY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Ramsdell Vice Chairman | OfficerTrustee | 1 | $0 |
Karin Leaver Board Member | Trustee | 1 | $0 |
Brian Jones Board Member | Trustee | 1 | $0 |
Jeff Hirschoff Chairman | OfficerTrustee | 1 | $0 |
Richard B Millham Jr Board Member | Trustee | 1 | $0 |
Zubin White Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $90,140 |
All other contributions, gifts, grants, and similar amounts not included above | $1,542,840 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,632,980 |
Total Program Service Revenue | $0 |
Investment income | $11,907 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,240 |
Net Income from Fundraising Events | $45,519 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,693,646 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $608,670 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $47,822 |
Payroll taxes | $45,918 |
Fees for services: Management | $0 |
Fees for services: Legal | $21,731 |
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 | $26,923 |
Office expenses | $44,406 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $47,898 |
Travel | $522,547 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $5,365 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,114 |
Insurance | $18,276 |
All other expenses | $47,712 |
Total functional expenses | $1,822,353 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $155,316 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $21,172 |
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 | $335,593 |
Investments—publicly traded securities | $0 |
Investments—other securities | $623,009 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $55,919 |
Total assets | $1,191,009 |
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 | $150,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $73,467 |
Total liabilities | $223,467 |
Net assets without donor restrictions | $885,796 |
Net assets with donor restrictions | $81,746 |
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 | $1,191,009 |