Mission Of Hope
- Assets
- $581.0k
- Revenue
- $334.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 42-1514642
Organization Overview
Mission Of Hope is located in Cedar Rapids, IA. The organization was established in 2002. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Of Hope 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, Mission Of Hope generated $334.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $390.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 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
MISSION OF HOPE IS A CHRISTCENTERED MINISTRY PROVIDING EMERGENCY RELIEF RESTORATION AND DEVELOPMENT SERVICES TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION OF HOPE PROVIDED FOOD ASSISTANCE TO OUR COMMUNITY BY SERVING 25,372 WEEKDAY LUNCH MEALS, 21,273 MEALS FROM OUR FOOD PANTRY AND 9,131 MEALS FROM OUR MEAL SACK PROGRAM. WE RESCUED 23,569 LBS OF FOOD FROM COMMUNITY PARTNERS, AND RECEIVED 23,569 POUNDS OF DONATED FOOD TO HELP SUSTAIN THESE PROGRAMS. WE PROVIDED 775 CLIENTS WITH 6,357 ITEMS FROM OUR CLOTHES CLOSET. WE ASSISTED IN COMMUNITY EDUCATION EFFORTS TEACHING WORK LIFE PROGRAMS TO PARTICIPANTS IN THE HOPE COMMUNITY DEVELOPMENT ASSOCIATION PROGRAM. WE HELPED CLIENTS TRANSITIONING INTO HOUSING BY PARTNERING THEM WITH LOCAL FURNITURE DONATIONS AND HOUSEHOLD GOODS. WE OFFERED BIBLE STUDIES, AND ACCESS TO OPPORTUNITIES FOR SERVICES SUCH AS HAIRCUTS, FLU SHOTS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Fouts Chair | OfficerTrustee | $0 | |
Brad Colton Secretary | OfficerTrustee | $0 | |
Matthew Roth Treasurer | OfficerTrustee | $0 | |
Mary Kay Pinckney Director | Trustee | $0 | |
Amy Thuente Director | Trustee | $0 | |
Bob Klaus Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,733 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,333 |
| Total Program Service Revenue | $26,470 |
| Investment income | $70 |
| 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 | $334,873 |
| 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. | $207,357 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,025 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $861 |
| Office expenses | $15,569 |
| Information technology | $4,130 |
| Royalties | $0 |
| Occupancy | $44,565 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $11,738 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,522 |
| Insurance | $15,086 |
| All other expenses | $0 |
| Total functional expenses | $390,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,878 |
| Savings and temporary cash investments | $36,978 |
| 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 | $455,153 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,009 |
| Accounts payable and accrued expenses | $1,814 |
| 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 | $226,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,318 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $352,691 |
| Total liabilities and net assets/fund balances | $581,009 |