Hope For Lagonave Inc
- Assets
- $205.8k
- Revenue
- $248.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Elm Springs, AR
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 27-2588086
Organization Overview
Hope For Lagonave Inc is located in Elm Springs, AR. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Hope For Lagonave Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For Lagonave 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 12/2023, Hope For Lagonave Inc generated $248.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $333.2k during the year ending 12/2023. 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
THE PURPOSE AND MISSION OF THIS ORGANIZATION IS TO PROVIDE SOLID, BIBLICAL EDUCATION TO CHILDREN OF LAGONAVE FOR THE PURPOSE OF PRODUCING BIBLICALLY SOLID CHRISTIANS.SEE SCHEDULE O FOR ADDITIONAL STATEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
526 STUDENTS ATTENDED THE SCHOOL WHERE THEY WERE PROVIDED AN OPPORTUNITY FOR EDUCATION WITH A BIBLICAL FOUNDATION. COLLEGE SCHOLARSHIPS WERE PROVIDED TO 5 STUDENTS TO CONTINUE THEIR EDUCATION WITH THE GOAL OF EMPLOYING THEM IN OUR SCHOOLS.
526 STUDENTS AND 64 TEACHERS FOR A TOTAL OF 590 SOULS WERE FED DURING THE SCHOOL YEAR BY THE LUNCH PROGRAM.
WE PROVIDED A CISTERN TO A COMMUNITY IN NEED OF A WATER SUPPLY THAT BENEFITS THE STUDENTS OF OUR LARGEST SCHOOL NAN CAF.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Baugh Executive Director | OfficerTrustee | 20 | $54,400 |
Barbara Freeman Child Sponsorship Advisor Fmr | 20 | $35,000 | |
John Hendricks Individual Trustee | Trustee | 0 | $0 |
Troy Kerber Individual Trustee | Trustee | 0 | $0 |
Joan Kornblatt Individual Trustee | Trustee | 0 | $0 |
Alison Hendricks Individual Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,417 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,417 |
| 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 | $6,160 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,400 |
| Compensation of current officers, directors, key employees. | $54,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,086 |
| Payroll taxes | $9,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,720 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,546 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,895 |
| Interest | $2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21,716 |
| Total functional expenses | $333,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,833 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,833 |
| Accounts payable and accrued expenses | $326 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,767 |
| Total liabilities | $2,093 |
| Net assets without donor restrictions | $128,007 |
| Net assets with donor restrictions | $75,733 |
| 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 | $205,833 |