Field Of Hope Inc
- Assets
- $134.9k
- Revenue
- $309.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Johnston, IA
- Founding
- 05/2012
- Data as of
- 12/2023
- EIN
- 27-3822296
Organization Overview
Field Of Hope Inc is located in Johnston, IA. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Field Of 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 12/2023, Field Of Hope Inc generated $309.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $351.7k during the year ending 12/2023. While expenses have increased by 46.5% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FIELD OF HOPE, INC. IS A CHARITABLE ORGANIZATION WITH THE PURPOSE OF REVITALIZING DISADVANTAGED FAMILIES AND COMMUNITIES THROUGH SUSTAINABLE AGRICULTURE DEVELOPMENT BY CREATING A CHARITABLE PLATFORM TO EMPOWER LOCAL AND INTERNATIONAL COMMUNITIES TO WORK TOGETHER AND STRENGTHEN ONGOING EFFORTS TO IMPROVE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
OUR ORGANIZATION ASSISTS IN CREATING SUSTAINABLE AGRICULTURE DEVELOPMENT BY FACILITATING THE DELIVERY OF DRIP IRRIGATION AND PROVIDING TRAINING TO FARMERS AND STUDENTS IN ORPHANAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Hammond President | OfficerTrustee | 10 | $0 |
Whitney Thurmond Board Member | OfficerTrustee | 1 | $0 |
Carrie Trenkamp Treasurer | OfficerTrustee | 4 | $4,500 |
Stephanie Newby Board Member | Trustee | 1 | $0 |
Jay Olson Board Member | Trustee | 1 | $0 |
Blaze Currie Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,622 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,757 |
| Total Program Service Revenue | $0 |
| Investment income | $123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,915 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,965 |
| 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 | $35,125 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,000 |
| Compensation of current officers, directors, key employees. | $14,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,690 |
| Fees for services: Accounting | $4,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,616 |
| Advertising and promotion | $0 |
| Office expenses | $37,093 |
| Information technology | $5,800 |
| Royalties | $0 |
| Occupancy | $6,098 |
| Travel | $50,654 |
| 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 | $3,653 |
| All other expenses | $68,804 |
| Total functional expenses | $351,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,048 |
| Savings and temporary cash investments | $68,845 |
| 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 | $134,893 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $104,893 |
| Net assets with donor restrictions | $30,000 |
| 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 | $134,893 |