Bold Hope Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $931.1k
- Employees
- 16
- Location
- Doylestown, PA
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-1895442
Organization Overview
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 12/2021, Bold Hope Inc employed 16 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 12/2021, Bold Hope Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
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 2021, BOLD HOPE TOOK 276 TRIP PARTICIPANTS ON 24 MISSION TRIPS TO 6 COUNTRIES. OUR TEAMS SERVED IN VARIOUS WAYS INCLUDING SETTING UP COMPUTERS AT A SCHOOL, INSTALLING A 1,000-FT WATER LINE TO A SMALL HOUSE/FARM WITHOUT RUNNING WATER, INSTALLING WASHBASINS AT EVERY CLASSROOM DOOR PER GOV'T COVID MANDATES, PUTTING A ROOF ON A COMMUNITY CENTER, POURING A CEMENT PAD FOR A CHURCH, AND BUILDING A HOUSE FOR A FAMILY IN NEED. ADDITIONALLY, ORPHANAGE VISITS, SCHOOL PROGRAMS, HOME VISITS, AND CHILDREN'S MINISTRY WERE MAINSTAYS IN TRIP PROGRAMMING.
BOLD HOPE CONTINUES TO HAVE A FOCUS ON CHILD SPONSORSHIP, FIRMLY BELIEVING THAT SPONSORSHIP PROVIDES HOPE AND A FUTURE TO CHILDREN AROUND THE GLOBE WHO MIGHT OTHERWISE FIND THEMSELVES IN DESPERATE SITUATIONS. 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.
LIFE AROUND THE WORLD DID NOT GET ANY EASIER IN 2021. OUR FUNDRAISING EFFORTS ALLOWED US TO SEND MEDICAL SUPPLIES AND MEDICATIONS TO INDIA FOR THOSE IMPACTED BY THE PANDEMIC. WE SENT MONEY TO PURCHASE TARPS AND OTHER EMERGENCY SUPPLIES IN HAITI FOR THOSE AFFECTED BY THE 7.2M EARTHQUAKE. BOLD HOPE WAS ALSO ABLE TO SEND MONEY TO THE BAHAMAS TO HELP WITH THEIR CONTINUED REBUILDING EFFORTS AFTER 2019'S HURRICANE DORIAN. WE WERE THRILLED TO BE ABLE TO FOCUS OUTWARDLY, BLESSING OUR PARTNERS AND THE WORK THEY ARE DOING WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Jones Executive Director | OfficerTrustee | 40 | $102,808 |
Matthew Jones Managing Director | OfficerTrustee | 40 | $102,808 |
Name Not Listed Secretary & Employee | 20 | $16,962 | |
Christopher Ramsdell Vice Chairman | OfficerTrustee | 1 | $0 |
Brian Jones Board Member | OfficerTrustee | 1 | $0 |
Karin Leaver Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,219 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,480,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,616,215 |
| Total Program Service Revenue | $0 |
| Investment income | $17,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,633,373 |
| 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 | $592,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,856 |
| Payroll taxes | $51,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,789 |
| 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 | $16,286 |
| Office expenses | $16,408 |
| Information technology | $12,444 |
| Royalties | $0 |
| Occupancy | $20,120 |
| Travel | $222,976 |
| 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 | $27,403 |
| Insurance | $6,880 |
| All other expenses | $74,491 |
| Total functional expenses | $1,560,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,322 |
| 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 | $170,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $931,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,424,548 |
| 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 | $8,424 |
| Total liabilities | $158,424 |
| Net assets without donor restrictions | $1,184,378 |
| 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 | $1,424,548 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bold Hope Inc has recieved totaling $51,478.
| Awarding Organization | Amount |
|---|---|
Pure Inc Bentonville, AR PURPOSE: GENERAL SUPPORT | $28,298 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $12,364 |
Apex Foundation Anoka, MN PURPOSE: GENERAL FUNDING | $10,000 |
Erik T Hostvedt Foundation Pipersville, PA PURPOSE: OPERATIONS | $540 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Pradip And Kumkum Ghosh Foundation Inc Ellicott City, MD | $53,748,610 | $18,352,785 |
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
Good News In Action Inc Sidney, OH | $1,401,234 | $9,131,841 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |
Metro World Child Foundation Inc Brooklyn, NY | $2,538,697 | $8,020,281 |
World Spiritual Awareness Forum Inc Roslyn Heights, NY | $803,724 | $7,990,339 |
Albanian-American Development Foundation New York, NY | $216,065,025 | $9,264,607 |