Array Of Hope Inc
- Assets
- $583.8k
- Revenue
- $626.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Old Tappan, NJ
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-4427057
Organization Overview
Array Of Hope Inc is located in Old Tappan, NJ. The organization was established in 2012. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Array Of Hope Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Array Of Hope 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, Array Of Hope Inc generated $626.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
THE ORGANIZATION'S PROGRAMS INCLUDE THE "ARRAY OF HOPE" MULTIMEDIA CONCERT, THE ARRAY OF HOPE YOUTH DYNAMIC PRESENTATIONS AND THE ARRAY OF HOPE FILMS AND MUSIC PRODUCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARRAY OF HOPE PRODUCES CHRISTIAN EVENTS, FILMS AND MUSIC. IT IS BROKEN DOWN INTO FOUR AREAS: 1. THE ARRAY OF HOPE CONCERT, A WIDE-RANGING LIVE PERFORMANCE WHICH FEATURES LIVE MUSICAL PERFORMANCES, MOTIVATIONAL SPEAKERS, AND THOUGHT- PROVOKING FILM PRESENTATIONS. 2. ARRAY OF HOPE YOUTH AND FAMILY RETREATS ARE MODELED AFTER THE ARRAY OF HOPE CONCERT EXPERIENCE, TO SERVE AS A SUPPLEMENT FOR ARCHDIOCESAN, PAROCHIAL, AND SCHOOL EVANGELIZATION AND FAITH FORMATION PROGRAMS. 3. ARRAY OF HOPE, FILMS AND MUSIC CREATES FILMS AND MUSIC THAT INSPIRES US TO PRACTICE OUR CHRISTIAN FAITH. 4. ARRAY OF HOPE CHANNEL AND PODCAST IS HOME FOR INSPIRING STORIES OF FAITH,HOPE, AND LOVE FOR THE ENTIRE FAMILY. A VIDEO AND AUDIO DESTINATION WHERE EVERYONE CAN FIND MEANINGFUL AND INSPIRING FILMS, AUDIO DISCUSSIONS AND RESOURCES TO HELP BRING PEOPLE CLOSER TO GOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Costabile Pres/exec Di | OfficerTrustee | 50 | $160,650 |
Vito J Delzotto Treasurer | OfficerTrustee | 2 | $0 |
John Matthew Knowles Board Memebe | Trustee | 1 | $0 |
Scott O'rourke Board Chair | Trustee | 2 | $0 |
Michael Rose Board Member | Trustee | 1 | $0 |
Pamela Muller Swartzberg Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $516,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,317 |
| Total Program Service Revenue | $73,787 |
| Investment income | $203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $293 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,309 |
| 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. | $160,650 |
| Compensation of current officers, directors, key employees. | $20,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $470,927 |
| Pension plan accruals and contributions | $6,699 |
| Other employee benefits | $41,047 |
| Payroll taxes | $55,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,505 |
| Advertising and promotion | $114,337 |
| Office expenses | $43,830 |
| Information technology | $17,064 |
| Royalties | $0 |
| Occupancy | $36,143 |
| Travel | $28,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,874 |
| Insurance | $4,037 |
| All other expenses | $0 |
| Total functional expenses | $1,216,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,704 |
| Savings and temporary cash investments | $100,939 |
| 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 | $1,249 |
| Net Land, buildings, and equipment | $58,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $320,708 |
| Other assets | $33,498 |
| Total assets | $583,783 |
| Accounts payable and accrued expenses | $58,537 |
| 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 | $30,596 |
| Total liabilities | $89,133 |
| Net assets without donor restrictions | $494,650 |
| 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 | $583,783 |