Hope Charitable Foundation
- Assets
- $3.1m
- Revenue
- $174.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Haslett, MI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 38-3585035
Organization Overview
Hope Charitable Foundation is located in Haslett, MI. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2022, Hope Charitable Foundation generated $174.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $692.9k during the year ending 12/2022. While expenses have increased by 11.5% 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.
Since 2015, Hope Charitable Foundation has awarded 166 individual grants totaling $2,887,858. 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 |
|---|---|---|---|
Lorraine Puuri Executive Di | 0 | $16,800 | |
Rachel Puuri Manager | 0 | $8,400 | |
Barbara Van Hal Trustee | 0 | $8,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173,667 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $10,075 |
| Occupancy | $18,397 |
| Travel, conferences, and meetings | $3,961 |
| Printing and publications | $0 |
| Other expenses | $1,373 |
| Total operating and administrative expenses | $67,906 |
| Contributions, gifts, grants paid | $625,013 |
| Total expenses and disbursements | $692,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,227 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $335,717 |
| Other assets | $2,666,394 |
| Total assets | $3,108,338 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hope Charitable Foundation has awarded $625,013 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT HOPE CHURCH PURPOSE: SPREADING THE GOSPEL | $140,555 |
DYNAMIS WORLD MISSION PURPOSE: SPREADING THE GOSPEL | $35,000 |
ONE CHILD MATTERS PURPOSE: CARING FOR THE NEEDY | $2,072 |
PREGNANCY SVCS OF GREATER LANSING PURPOSE: ASSISTING THE POOR | $1,000 |
HIS MANSION MINISTRIES PURPOSE: SPREADING THE GOSPEL | $1,100 |
MISSION VOICE NETWORK PURPOSE: SPREADING THE GOSPEL | $39,000 |