Prestons H O P E

Organization Overview

Prestons H O P E is located in Solon, OH. The organization was established in 1999. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prestons H O P E 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, Prestons H O P E generated $24.4k 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 (20.9%) each year. All expenses for the organization totaled $20.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SMA RESEARCH/DEVELOP PLAYGROUND FOR DISABLED CHILDREN

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS CONTINUE TO BE SOLICITED FOR SMA RESEARCH (SPINAL MUSCULAR ATROPHY). DURING THE 2021 TAX YEAR, NO GRANT APPLICATIONS WERE RECEIVED, NO GRANTS WERE AWARDED, AND THERE WERE NO PROGRAM SERVICE EXPENSES.


THE PRESTON'S H.O.P.E. PLAYGROUND OPENED SEPTEMBER 3, 2006 AND WAS DONATED TO THE JEWISH COMMUNITY CENTER ON JANUARY 1, 2007. FUTURE CONTRIBUTIONS WILL BE SOLICITED TO COVER PARK MAINTENANCE AND OTHER RELATED EXPENSES.


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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$22,438
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,438
Total Program Service Revenue$0
Investment income $1,998
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 $24,436

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Prestons H O P E has recieved totaling $46,850.

Awarding OrganizationAmount
Jewish Federation Of Cleveland

Cleveland, OH

PURPOSE: GENERAL SUPPORT, FAMILY FUN DAY, RESURFACING OF PRESTON'S HOPE PLAYGROUND

$46,850
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$394,668
Earnings$27,774
Admin Expense$18,843
Net Contributions$15,000
Ending Balance$418,599

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