Fostering Hope Inc
- Assets
- $749.3k
- Revenue
- $239.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Conway, SC
- Founding
- 03/2005
- Data as of
- 06/2021
- EIN
- 34-2003272
Organization Overview
Fostering Hope Inc is located in Conway, SC. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering 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 06/2021, Fostering Hope Inc generated $239.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $81.2k during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FACILITY, CLOTHING AND PERSONAL CARE ITEMS TO NUMEROUS DISPLACED CHILDREN OF HORRY COUNTY. CREATE FOSTER CARE AWARENESS. MULTIPLE ORGANIZATIONS ARE VISITED MONTHLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITY, CLOTHING AND PERSONAL CARE ITEMS TO NUMEROUS DISPLACED CHILDREN OF HORRY COUNTY. CREATE FOSTER CARE AWARENESS. MULTIPLE ORGANIZATIONS ARE VISITED MONTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Estelle Shelton Board Director | 40 | $35,640 | |
Christene Pippen Board | Officer | 2 | $0 |
Ned Moore Board | Officer | 2 | $0 |
Alan Stein President | Officer | 10 | $0 |
Mary Beth Halvorson Secretary - Treasurer | Officer | 2 | $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 | $218,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,624 |
| Total Program Service Revenue | $0 |
| Investment income | $1,046 |
| 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 | $15,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,951 |
| 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. | $35,640 |
| Compensation of current officers, directors, key employees. | $8,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,181 |
| Information technology | $311 |
| Royalties | $0 |
| Occupancy | $16,674 |
| Travel | $32 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,838 |
| Insurance | $5,964 |
| All other expenses | $0 |
| Total functional expenses | $81,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,236 |
| Savings and temporary cash investments | $114,380 |
| 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 | $10,000 |
| Net Land, buildings, and equipment | $334,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,310 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $749,310 |
| 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 | $749,310 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Fostering Hope Inc has recieved totaling $27,350.
| Awarding Organization | Amount |
|---|---|
Delivering Good Inc New York, NY PURPOSE: POVERTY ASSISTANCE | $9,667 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $8,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $5,000 |
Love Peace Amen Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Lewis A Sikes Foundation Tabor City, NC PURPOSE: GRANT TO PROVIDE BASIC NECESSITIES FOR CHILDREN IN CRISIS SITUATIONS | $1,000 |
The Sanders Family Foundation Tabor City, NC PURPOSE: IN SUPPORT OF ANOTHER CHARITY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westside Future Fund Atlanta, GA | $55,374,938 | $4,466,187 |
Greensboro Urban Ministry Greensboro, NC | $9,704,023 | $8,817,068 |
P3 Foundation Inc Charlotte, NC | $75,107,588 | $5,131,940 |
Fulton-Atlanta Community Action Authority Inc Atlanta, GA | $1,160,189 | $9,503,293 |
Franklin Vance Warren Opportunity Henderson, NC | $4,057,269 | $9,956,290 |
T3 Labs Atlanta, GA | $9,085,833 | $8,566,316 |
Union County Community Action Inc Monroe, NC | $2,766,376 | $8,366,700 |
Catholic Charities Diocese Of Charlotte Charlotte, NC | $5,722,782 | $8,229,050 |
Catholic Charities Of The Archdiocese Of Atlanta Inc Smyrna, GA | $7,542,263 | $7,621,704 |
Piedmont Community Actions Inc Spartanburg, SC | $1,365,727 | $7,604,759 |
King David Community Center Of Atlanta Inc Norcross, GA | $14,732,900 | $8,925,593 |
Palmetto Dunes Property Owners Association Hilton Head Island, SC | $37,616,035 | $10,414,981 |