A Glimmer Of Hope Foundation
- Assets
- $55.5m
- Revenue
- $7.3m
- Investments
- $44.1m
- Employees
- 0
- Location
- Cedar Park, TX
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 31-1758218
Organization Overview
A Glimmer Of Hope Foundation is located in Cedar Park, TX. The organization was established in 2001. 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. A Glimmer Of Hope Foundation 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, A Glimmer Of Hope Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $9.5m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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.
Since 2015, A Glimmer Of Hope Foundation has awarded 77 individual grants totaling $54,837,094. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicyn Yarbrough CEO | 40 | $225,069 | |
Donna Berber Director / President | 8 | $600 | |
Philip Berber Chairman, Co-Founder | 10 | $0 | |
Shane Berber Director | 1 | $0 | |
Ryan Berber Director | 1 | $0 | |
Jake Berber Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,199,322 |
| Interest on Savings | $96,168 |
| Dividends & Interest | $95,172 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $944,930 |
| Capital Gain Net Income | $969,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,335,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $226,169 |
| Other employee salaries and wages | $1,750,607 |
| Pension plans, employee benefits | $443,515 |
| Interest | $0 |
| Taxes | $163,368 |
| Depreciation | $10,299 |
| Occupancy | $116,492 |
| Travel, conferences, and meetings | $70,183 |
| Printing and publications | $0 |
| Other expenses | $257,480 |
| Total operating and administrative expenses | $3,372,688 |
| Contributions, gifts, grants paid | $6,164,020 |
| Total expenses and disbursements | $9,536,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,546,220 |
| Net Accounts receivable | $25,689 |
| Net Pledges Receivable | $0 |
| Grants receivable | $3,468,810 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $65,743 |
| Prepaid expenses and deferred charges | $26,460 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,120,952 |
| Net Land, buildings, and equipment | $81,994 |
| Other assets | $157,043 |
| Total assets | $55,466,865 |
| Accounts payable and accrued expenses | $480,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,066,972 |
| Total liabilities | $1,547,622 |
Grants Awarded
Over the last fiscal year, A Glimmer Of Hope Foundation has awarded $6,164,020 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
A GLIMMER OF HOPE FOUNDATION AUSTIN PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $163,373 |
ORGANIZATION FOR REHABILITATION & DEVELOPMENT IN AMHARA PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $209,612 |
AMHARA DEVELOPMENT ASSOCIATION PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $639,425 |
GURAGHE DEVELOPMENT AND CULTURAL ASSOCIATION PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $2,009,105 |
OROMIA DEVELOPMENT ASSOCIATION PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $1,952,042 |
RELIEF SOCIETY OF TIGRAY PURPOSE: TO FUND ORGANIZATION'S EXEMPT PURPOSE | $369,101 |