New Hope Initiative Inc
- Assets
- $581.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Kingwood, TX
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3984784
Organization Overview
New Hope Initiative Inc is located in Kingwood, 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 12/2021, New Hope Initiative Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Initiative 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, New Hope Initiative Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $911.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
AS A CHRISTIAN MINISTRY, ESTABLISH AND SUPPORT: FEEDING CENTERS, SCHOOLS, MEDICAL CLINICS, AND ORPHANAGES IN VARIOUS COUNTRIES TO PROVIDE FOOD, EDUCATION, MEDICAL AND SPIRITUAL SUPPORT TO INDIGENT CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIBERA SLUM IN NAIROBI, KENYA. NHI PROVIDES FUNDS TO: 1. NEW HOPE ACADEMY: NHI GRANTS COVER THE ENTIRE OPERATING COST OF A FULL SCHOLARSHIP ACADEMY (400+ STUDENTS PRE-K THRU GRADE 8) INCLUDING FACILITIES, TEACHERS, STAFF, SUPPLIES, AND TWO MEALS / DAY FOR THE STUDENTS 2. PENDA PROJECT: NHI GRANTS COVER SECONDARY SCHOOL SCHOLARSHIPS FOR 160+ STUDENTS GRADUATING FROM NEW HOPE ACADEMY TO GO TO AREA HIGH SCHOOLS AND ANOTHER 20+ STUDENTS TO GO TO UNIVERSITY 3. NEW HOPE CLINIC: NHI GRANTS COVER THE COST OF BASIC MEDICAL SERVICES TO STUDENT AND THEIR FAMILIES VIA A REGISTERED NURSE 4. PROJECT BIASHARA: NHI GRANTS COVER JOB TRAINING AND MICRO-BUSINESS LOANS FOR ~30 SINGLE MOTHERS TO PRODUCE AND SELL GOODS
ORPHANAGE - MORIBATOWN, SIERRA LEONE. NHI PROVIDES FUNDS TO CARE FOR 70+ CHILDREN, MANY WITH SPECIAL NEEDS; COSTS INCLUDE FOOD, CLOTHING, MEDICAL CARE, EDUCATION, AND THE COST OF STAFF / FACILITIES
OLORIEN COMMUNITY CLINIC IN ARUSHA, TANZANIA. NHI PROVIDES FUNDS FOR A FULL SERVICE MEDICAL FACILITY SEEING 200+ PATIENTS PER DAY. NHI GRANTS COVER THE COST OF STAFF (3 DOCTORS; 24 STAFF), FACILITIES, AND EQUIPMENT (LAB, X-RAY, ULTRASOUND, MINOR OPERATING ROOM) ARUSHA ACADEMY: WE OFFER MONTHLY SUPPORT TO ENABLE INDIGENT LOCAL STUDENTS TO ATTEND THIS PRIVATE FEE BASED SCHOOL
ADDITIONAL PROJECTS: SIERRA LEONE, NICARAGUA, INDIA, ACACIA TREE LODGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Baird Director | Trustee | 30 | $66,000 |
Karen Baird Director/secretary | Trustee | 12 | $0 |
Kevin Whitacre Board Chair | Trustee | 2 | $0 |
James Wagstaff Vice Chair | Trustee | 1 | $0 |
Christi Davis Board Member | Trustee | 1 | $0 |
Logan Ashcraft Board Member | Trustee | 1 | $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 | $1,047,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,047,160 |
| 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 | $1,070,573 |
| 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 | $702,948 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,000 |
| Compensation of current officers, directors, key employees. | $6,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,543 |
| Payroll taxes | $3,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,295 |
| Office expenses | $4,509 |
| Information technology | $3,499 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $767 |
| All other expenses | $0 |
| Total functional expenses | $911,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,228 |
| 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 | $581,228 |
| 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 | $2,000 |
| Other liabilities | $0 |
| Total liabilities | $2,000 |
| Net assets without donor restrictions | $0 |
| 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 | $579,228 |
| Total liabilities and net assets/fund balances | $581,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hope Initiative Inc has recieved totaling $297.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |