Asias Hope
- Assets
- $3.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Columbus, OH
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 34-1971847
Organization Overview
Asias Hope is located in Columbus, OH. The organization was established in 2002. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Asias Hope employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asias Hope 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 12/2022, Asias Hope generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASIA'S HOPE IS A MULTI-DENOMINATIONAL, GRASSROOTS MOVEMENT DEDICATED TO PROVIDING QUALITY LONG-TERM CARE FOR ORPHANED CHILDREN AT HIGH RISK OF SEXUAL AND ECONOMIC EXPLOITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORPHANAGE FUNDS: FUNDS COLLECTED FROM DONORS FOR THE ORPHANAGE FUNDS ARE USED TO PROVIDE OPERATIONAL CASH FOR ORPHANAGES IN CAMBODIA, INDIA AND THAILAND.
SPECIAL PROJECTS: DONORS PROVIDE FUNDS FOR VARIOUS ITEMS THAT ARE IN ADDITION TO NORMAL OPERATIONS. ALSO INCLUDES CAPITAL CAMPAIGN, VISION EXPENSES AND OPPORUTITY FUNDS.
TRIP FUND: DONORS PROVIDE FUNDS FOR VOLUNTEERS FROM THE U.S. TO TRAVEL OVERSEAS TO HELP EDUCATE AND CARE FOR ORPHANS IN THE VARIOUS CAMBODIA AND THAILAND ORPHANAGES.
CHRISTIAN SCHOOL FUND: DONORS PROVIDE FUNDING TO SUPPORT THE OPERATIONS OF CHRISTIAN SCHOOLS IN CAMBODIA, INDIA AND THAILAND. THESE SCHOOLS HELP SPREAD CHRISTIANITY TO THE ORPHANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mccollum Executive Di | Trustee | 40 | $111,012 |
Ron Biddle Trustee | Trustee | $0 | |
Rachel Cobb Trustee | Trustee | $0 | |
Sherrod Fields Trustee | Trustee | $0 | |
Adam Heath Trustee | Trustee | $0 | |
Glen Kelly Trustee | Trustee | $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 | $2,707,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,707,443 |
| 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 | $2,710,269 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,012 |
| Compensation of current officers, directors, key employees. | $55,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,681 |
| Pension plan accruals and contributions | $8,694 |
| Other employee benefits | $10,771 |
| Payroll taxes | $25,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,400 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $781 |
| Office expenses | $72,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,281 |
| Travel | $40,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,825 |
| Insurance | $921 |
| All other expenses | $0 |
| Total functional expenses | $2,811,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $2,674,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,278,839 |
| Accounts payable and accrued expenses | $5,624 |
| 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 | $151,823 |
| Other liabilities | $13,187 |
| Total liabilities | $170,634 |
| Net assets without donor restrictions | $2,924,403 |
| Net assets with donor restrictions | $183,802 |
| 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 | $3,278,839 |