Life Of Hope Ministries
- Assets
- $262.5k
- Revenue
- $702.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Joplin, MO
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 41-1956543
Organization Overview
Life Of Hope Ministries is located in Joplin, MO. The organization was established in 2000. 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. As of 12/2021, Life Of Hope Ministries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Of Hope Ministries 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 12/2021, Life Of Hope Ministries generated $702.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $680.8k during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 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
THE ORGANIZATIONS PURPOSE IS TO EXPAND GODS KINGDOM BY EMPOWERING AND RESOURCING CHRISTIAN MINISTRIES IN GUATEMALA THAT REACH CHILDREN AND FAMILIES LIVING IN AT-RISK OR STREET SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION VIDA Y ESPERANZA - COMMUNITY CENTER IN GUATEMALA WITH FEEDING PROGRAMS, SCHOLARSHIPS, TUTORING AND CHURCH SERVICES.
VARIOUS FIELD SUPPORT INITIATIVES IN GUATEMALA - ADRIANA POLANCO SUAZO, TESOROS DE GRACIA, TIEMPO DE RESCATE.
IGLESIA BAUTISTA CRISTO ES EL CAMINO - CHURCH LOCATED NEAR LANDFILL PROVIDING SCHOLARSHIPS, FEEDING PROGRAMS AND MEDICAL CARE.
VIDAS PLENAS - FOUNDATION WITH THREE CHRISTIAN ACADEMIES PROVIDING FEEDING PROGRAMS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Archer Chairman | OfficerTrustee | 2 | $0 |
Paul Osborn Vice Chairman | OfficerTrustee | 2 | $0 |
Paul Erb Secretary | OfficerTrustee | 2 | $0 |
Devin Chance Executive Director | Officer | 40 | $0 |
Lonnie Mcfadden Director | Trustee | 2 | $0 |
Rick Grove Director | Trustee | 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 | $700,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,926 |
| Total Program Service Revenue | $0 |
| Investment income | $1,362 |
| 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 | $702,288 |
| 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 | $484,009 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,750 |
| Compensation of current officers, directors, key employees. | $14,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| 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 | $2,400 |
| Advertising and promotion | $0 |
| Office expenses | $6,988 |
| Information technology | $7,525 |
| Royalties | $0 |
| Occupancy | $6,177 |
| Travel | $26,212 |
| 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 | $7,393 |
| Insurance | $476 |
| All other expenses | $626 |
| Total functional expenses | $680,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,930 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $17,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,534 |
| Accounts payable and accrued expenses | $3,070 |
| 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 | $3,070 |
| Net assets without donor restrictions | $252,185 |
| Net assets with donor restrictions | $7,279 |
| 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 | $262,534 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Life Of Hope Ministries has recieved totaling $48,600.
| Awarding Organization | Amount |
|---|---|
Osborne Family Foundation Carthage, MO PURPOSE: GENERAL BUDGET | $35,000 |
Jennings Family Foundation Joplin, MO PURPOSE: DONATION | $10,000 |
Jerry And Nancy Perry Family Foundation Atlanta, GA PURPOSE: DONATION | $3,600 |
Peer Organizations
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|---|---|---|
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Lifesong For Orphans Inc Gridley, IL | $55,071,126 | $40,755,637 |
Srd Foundation Overland Park, KS | $2,172,810 | $21,260,144 |
Mercy Without Limits Inc Overland Park, KS | $12,804,274 | $19,965,180 |
Nph-Usa Chicago, IL | $9,523,398 | $16,657,427 |
One Collective Nfp Elgin, IL | $3,863,320 | $13,470,210 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
One World Surgery Deerfield, IL | $14,992,462 | $10,254,872 |
Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
Lwala Community Alliance Inc Nashville, TN | $17,369,042 | $16,360,531 |
Love Justice International Lincoln, NE | $1,486,894 | $4,623,371 |
Healing Hands International Inc Nashville, TN | $10,095,552 | $10,611,098 |