Many Hopes Inc
- Assets
- $1.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Bronxville, NY
- Founding
- 03/2009
- Data as of
- 06/2020
- EIN
- 39-2067502
Organization Overview
Many Hopes Inc is located in Bronxville, NY. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Many Hopes 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 06/2020, Many Hopes Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $483.3k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SHALL HELP TO SUSTAIN, ENHANCE AND DEVELOP THE RESOURCES, PROGRAMS, AND FUTURE EXPANSION OF ORGANIZATIONS AROUND THE WORLD THAT ARE RESCUING, EDUCATING, AND ADVOCATING FOR ORPHANED, ABANDONED, ABUSED, OR ENSLAVED CHILDREN. THE ORGANIZATION SHALL HELP TO GENERATE PUBLIC AWARENESS OF, AND FUNDS FOR, THE ORGANIZATIONS, SCHOOLS, ORPHANAGES AND CHILD RESCUE AND REHABILITATION PROGRAMS AND CAPITAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FOUNDED TO HOUSE AND EDUCATE ORPHANED AND ABANDONED CHILDREN IN KENYA. GRANTS THIS YEAR WERE USED FOR BUILDING AND OPERATING A SCHOOL WITH CAPACITY FOR 900 CHILDREN. SUSTAINING A HOME FOR 55 GIRLS NEAR MOMBASA (PROVIDING FOOD, SHELTER AND EDUCATIONAL COSTS FOR THE MUDZINI KWETU CENTER TRUST).
THE ORGANIZATION WAS FOUNDED TO HOUSE AND EDUCATE ORPHANED AND ABANDONED CHILDREN IN KENYA. GRANTS THIS YEAR WERE USED FOR BUILDING AND OPERATING A SCHOOL WITH CAPACITY FOR 900 CHILDREN. SUSTAINING A HOME FOR 55 GIRLS NEAR MOMBASA (PROVIDING FOOD, SHELTER AND EDUCATIONAL COSTS FOR THE MUDZINI KWETU CENTER TRUST).
THE ORGANIZATION WAS FOUNDED TO HOUSE AND EDUCATE ORPHANED AND ABANDONED CHILDREN IN KENYA. GRANTS THIS YEAR WERE USED FOR BUILDING AND OPERATING A SCHOOL WITH CAPACITY FOR 900 CHILDREN. SUSTAINING A HOME FOR 55 GIRLS NEAR MOMBASA (PROVIDING FOOD, SHELTER AND EDUCATIONAL COSTS FOR THE MUDZINI KWETU CENTER TRUST).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxine Friedman President | Trustee | 4 | $0 |
Sue Verity Clerk | Trustee | 4 | $0 |
Patrick Murphy Director | Trustee | 4 | $0 |
Tracy Wemett Director | Trustee | 4 | $0 |
Kathy Tunsley Treasurer | Trustee | 7 | $0 |
Thomas Keown Founder | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010,576 |
| Investment income | $23,952 |
| 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 | $1,034,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $174,938 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,437 |
| Advertising and promotion | $2,850 |
| Office expenses | $107,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,336 |
| 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 | $0 |
| Insurance | $2,299 |
| All other expenses | $0 |
| Total functional expenses | $483,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,151 |
| Savings and temporary cash investments | $326,104 |
| 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 | $10,297 |
| Investments—publicly traded securities | $1,417,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,828,408 |
| Accounts payable and accrued expenses | $27,667 |
| 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 | $27,667 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,800,741 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Many Hopes Inc has recieved totaling $378,830.
| Awarding Organization | Amount |
|---|---|
Eric D And Steven D Hovde Foundation Madison, WI PURPOSE: GENERAL CONTRIBUTION TO MANY HOPES IN SUPPORT OF OTHER PARTNERS IN SEVERAL COUNTRIES | $249,890 |
American Endowment Foundation Hudson, OH PURPOSE: INTERNATIONAL | $51,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $34,440 |
Eric D And Steven D Hovde Foundation Madison, WI PURPOSE: GENERAL CONTRIBUTION TO MANY HOPES IN SUPPORT OF OTHER PARTNERS IN SEVERAL COUNTRIES | $33,500 |
Optivest Foundation Dana Point, CA PURPOSE: JUSTICE INITIATIVE FOCUSED ON THE RESCUE OF CHILDREN IN OPRESSED SITUATIONS ACROSS THE GLOBE, OFFERING REHABILITATION AND EDUCATION OPPORTUNITIES. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abrahams Blessing Albany, NY | $1,941,159 | $28,861,670 |
Planet Aid Inc Milford, MA | $17,464,781 | $29,818,126 |
Wateraid America Inc New York, NY | $16,422,746 | $24,856,015 |
Christian Relief International Lancaster, PA | $46,193,710 | $37,368,118 |
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |