Shaohannahs Hope Inc
- Assets
- $15.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Franklin, TN
- Founding
- 02/2003
- Data as of
- 06/2023
- EIN
- 32-0011220
Organization Overview
Shaohannahs Hope Inc is located in Franklin, TN. The organization was established in 2003. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 06/2023, Shaohannahs Hope Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shaohannahs 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 06/2023, Shaohannahs Hope Inc generated $9.1m 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 $8.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Shaohannahs Hope Inc has awarded 15 individual grants totaling $1,228,500. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT CHILDREN WHO HAVE BEEN ORPHANED BY ASSISTING ADOPTIVE FAMILIES WITH FINANCIAL SUPPORT AND RESOURCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPTION ASSISTANCE- AS THE CORNERSTONE OF SHAOHANNAH'S HOPE'S WORK AND FOUNDATIONAL TO THE ORIGINAL MISSION OF OUR FOUNDERS, THIS ORGANIZATION AWARDS ADOPTION AID GRANTS TO REDUCE THE FINANCIAL BARRIER TO ADOPTION. SINCE THE ORGANIZATION'S INCEPTION, ADOPTION AID GRANTS HAVE HELPED MORE THAN 8,600 CHILDREN FROM 60+ COUNTRIES, INCLUDING THE U.S., COME TO KNOW THE LOVE AND PERMANENCY OF A FAMILY THROUGH ADOPTION. DURING THIS REPORTING PERIOD, 319 ADOPTION AID GRANTS WERE AWARDED AND OVER $3,094,000 IN FUNDS WERE DISTRIBUTED. FURTHERMORE, THIS ORGANIZATION PROVIDES PRACTICAL TEACHING AND ADDITIONAL RESOURCES TO BETTER EQUIP PARENTS, CHURCHES, AND PROFESSIONALS TO SUPPORT CHILDREN IMPACTED BY ADOPTION AND FOSTER CARE.
ADOPTION AWARENESS- SHAOHANNAH'S HOPE ENGAGES THE CHURCH AND MOBILIZES INDIVIDUALS TO CARE FOR ORPHANS BY MAKING THEM AWARE OF THE NEEDS OF CHILDREN WHO HAVE BEEN ORPHANED. THIS IS ACCOMPLISHED BY LEVERAGING THE BRAND OF THE FOUNDERS AND PLATFORM OF THE ORGANIZATION WITHIN THE FAITH-BASED COMMUNITY TO CONDUCT CONCERT TOURS, MEDIA CAMPAIGN EVENTS, AND TO RAISE AWARENESS. ADDITIONALLY, SHAOHANNAH'S HOPE EDUCATES AND PROVIDES RESOURCES TO INDIVIDUALS, FAMILIES, AND ORGANIZATIONS REGARDING ADOPTION AND ORPHAN CARE.
ORPHAN CARE- SHAOHANNAH'S HOPE IS DEDICATED TO RAISING AWARENESS REGARDING THE NEEDS OF CHILDREN WHO HAVE BEEN ORPHANED. BUILDING UPON OUR CARE CENTERS PROGRAMMATIC WORK IN CHINA, SHAOHANNAH'S HOPE MEDICAL CARE GRANTS PROGRAM WAS LAUNCHED IN FALL 2020 TO FURTHER REDUCE BARRIERS TO ADOPTION BY FINANCIALLY ASSISTING FAMILIES WITH MEDICAL EXPENSES FOR THEIR CHILDREN WELCOMED HOME THROUGH ADOPTION. DURING THE CURRENT REPORTING PERIOD, 39 MEDICAL CARE GRANTS WERE AWARDED, AND $281,000 IN FUNDS WERE DISTRIBUTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Parks Executive Dir. | Officer | 40 | $181,695 |
Charley Redmond Sr Dir Operations | 40 | $160,496 | |
Nathan L Magness Dir. Communication | 40 | $101,615 | |
Mary Beth Chapman Chairman | OfficerTrustee | 40 | $0 |
Steven Curtis Chapman Vice Chairman | OfficerTrustee | 10 | $0 |
Donna Daniel Director | Trustee | 5 | $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 | $8,833,694 |
| Noncash contributions included in lines 1a–1f | $98,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,833,694 |
| Total Program Service Revenue | $125,560 |
| Investment income | $109,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,066,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $643,000 |
| Grants and other assistance to domestic individuals. | $3,584,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,276 |
| Compensation of current officers, directors, key employees. | $34,241 |
| Compensation to disqualified persons | $473,378 |
| Other salaries and wages | $860,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $182,361 |
| Payroll taxes | $98,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,258 |
| Fees for services: Accounting | $77,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $744,958 |
| Advertising and promotion | $362,730 |
| Office expenses | $255,306 |
| Information technology | $142,183 |
| Royalties | $0 |
| Occupancy | $62,591 |
| Travel | $186,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,287 |
| Insurance | $19,718 |
| All other expenses | $4,838 |
| Total functional expenses | $8,668,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,312,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $788 |
| 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 | $9,525 |
| Net Land, buildings, and equipment | $4,143,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,467,208 |
| Accounts payable and accrued expenses | $36,240 |
| Grants payable | $4,977,064 |
| Deferred revenue | $11,103 |
| 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 | $176,550 |
| Total liabilities | $5,200,957 |
| Net assets without donor restrictions | $10,266,251 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,467,208 |
Grants Awarded
Over the last fiscal year, Shaohannahs Hope Inc has awarded $643,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALL GODS CHILDREN INTERNATIO PURPOSE: ADOPTION AID | $20,000 |
A FAMILY FOR EVERY ORPHAN PURPOSE: GENERAL PROGRAM | $75,000 |
DOVE MINISTRIES INTERNATIONAL PURPOSE: GENERAL PROGRAM | $8,000 |
EMPOWERED TO CONNECT PURPOSE: GENERAL PROGRAM | $280,000 |
KARYN PURVIS INSTITUTE OF CHI PURPOSE: GENERAL PROGRAM | $75,000 |
LIFELINE CHILDRENS SERVICES PURPOSE: ADOPTION AID | $85,000 |