Word Of Hope Ministries Inc
- Assets
- $237.0k
- Revenue
- $668.0k
- Investments
- $0.0
- Employees
- 17
- Location
- Milwaukee, WI
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 39-1857844
Organization Overview
Word Of Hope Ministries Inc is located in Milwaukee, WI. The organization was established in 1996. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Word Of Hope Ministries Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Word Of Hope Ministries 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 12/2022, Word Of Hope Ministries Inc generated $668.0k 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 (3.9%) each year. All expenses for the organization totaled $638.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. 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
PROVIDE AN ARRAY OF SUPPORTIVE SERVICES TO THE COMMUNITY INCLUDING: SOCIAL SERVICES, EMPLOYMENT, HEALTH CARE, LITERACY, AODA, COMPUTER SKILLS AND SMALL BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SUPPORTIVE SERVICES FOR THE WORD OF HOPE FAMILY RESOURCE CENTER WHICH PROVIDES GUIDANCE IN SOCIAL SERVICES, EMPLOYMENT, HEALTH CARE, COMPUTER TRAINING, GED PREPARATION, AODA, MENTORING, MARRIAGE AND MENTAL HEALTH COUNSELING.
OTHER PROGRAM REVENUES AND EXPENSES
CDBG FUNDED EMPLOYMENT SERVICES. JOB TRAINING AND PLACEMENT FOCUSED ON MALE UMEMPLOYED AND UNDEREMPLOYED INDIVIDUALS WHO ARE RETURNING FROM INCARCERATION, HAVE BEEN DISPLACED OR ARE STRUGGLING TO FIND EMPLOYMENT DUE TO SOCIAL OR ECONOMIC BARRIERS.
DIVERSIFIED BUSINESS DEVELOPMENT PROGRAM. PROVIDING TRAINING AND SUPPORT FOR SMALL AND NEW BUSINESSES. 9.1 % INDIRECT COST EXCLUDED FROM EXPENSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ch Mcclelland President & CEO | OfficerTrustee | 10 | $14,500 |
Prentiss Mcclelland Vice President | OfficerTrustee | 40 | $0 |
David Brown Director | Trustee | 1 | $0 |
Deniece Fields Russell Director | Trustee | 1 | $0 |
Gregory Moore Director | Trustee | 1 | $0 |
Cedric Cornwall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $466,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,619 |
| Total Program Service Revenue | $50,384 |
| Investment income | $25 |
| 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 | $668,028 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,991 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,133 |
| Office expenses | $33,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,578 |
| Travel | $5,396 |
| 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 | $5,633 |
| Insurance | $8,646 |
| All other expenses | $9,603 |
| Total functional expenses | $638,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,851 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,156 |
| 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 | $2,138 |
| Net Land, buildings, and equipment | $2,817 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $236,962 |
| Accounts payable and accrued expenses | $64,300 |
| Grants payable | $0 |
| Deferred revenue | $101,233 |
| 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 | $165,533 |
| Net assets without donor restrictions | $71,429 |
| 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 | $236,962 |