Hope Inspired Ministries Inc
- Assets
- $642.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Montgomery, AL
- Founding
- 06/2012
- Data as of
- 09/2021
- EIN
- 45-4501764
Organization Overview
Hope Inspired Ministries Inc is located in Montgomery, AL. The organization was established in 2012. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2021, Hope Inspired Ministries Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Inspired 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 09/2021, Hope Inspired Ministries Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $1.0m during the year ending 09/2021. While expenses have increased by 27.6% per year over the past 6 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
MAINTAIN EMPLOYMENT THROUGH A RIGOROUS 9 WEEK JOB TRAINING PROGRAM, EACH STUDENT PARTICIPATES IN OVER 360 HOURS OF TRAINING WHICH INCLUDES LIFE SKILLS, EMPLOYMENT SKILLS, UNPAID INTERNSHIPS WITH LOCAL BUSINESSES, AND G.E.D. PREPARATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
H.I.M IS DESIGNED TO TAKE CHRONICALLY UNEMPLOYED MEN AND WOMEN AND TRAIN THEM TO OBTAIN AND MAINTAIN EMPLOYMENT. THROUGH A RIGOROUS 9 WEEK JOB TRAINING PROGRAM, EACH STUDENT PARTICIPATES IN OVER 360 HOURS OF TRAINING WHICH INCLUDES LIFE SKILLS, EMPLOYMENT SKILLS, UNPAID INTERNSHIPS WITH LOCAL BUSINESSES, AND G.E.D. PREPARATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bowman Executive Di | Officer | 40 | $84,975 |
Cade Armstrong Vice-Chair | OfficerTrustee | $0 | |
Chuck Dilaura Treasurer | OfficerTrustee | $0 | |
Ellenann Yelverton Secretary | OfficerTrustee | $0 | |
Cleve Poole Chairman | OfficerTrustee | $0 | |
Jane Allen Board Member | Trustee | $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 | $1,036,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,036,999 |
| Total Program Service Revenue | $0 |
| Investment income | $30,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,193,913 |
| 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. | $84,975 |
| Compensation of current officers, directors, key employees. | $4,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,045 |
| Payroll taxes | $54,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,354 |
| Office expenses | $23,137 |
| Information technology | $1,481 |
| Royalties | $0 |
| Occupancy | $35,058 |
| Travel | $19,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,633 |
| All other expenses | $9,518 |
| Total functional expenses | $1,023,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,501 |
| 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 | $198,673 |
| Investments—publicly traded securities | $138,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $642,174 |
| Accounts payable and accrued expenses | $35,069 |
| 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 | $185,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $220,069 |
| Net assets without donor restrictions | $422,105 |
| 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 | $642,174 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Hope Inspired Ministries Inc has recieved totaling $236,588.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $62,658 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $35,000 |
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $35,000 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $34,000 |
Montgomery Area Community Wellness Coalition Montgomery, AL PURPOSE: GRANT PROGRAM SUPPORT | $24,236 |
Orlean And Ralph W Beeson Fund Birmingham, AL PURPOSE: SUPPORT CAREER COACH STAFF AND COMMUNITY RELATIONS TEAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Coast Workforce Development Inc Fleming Island, FL | $3,324,303 | $15,945,752 |
Careersource Palm Beach County Inc West Palm Beach, FL | $2,317,114 | $14,436,935 |
Careersource Florida Inc Tallahassee, FL | $11,274,205 | $13,537,394 |
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |
Southwest Florida Workforce Development Board Inc Fort Myers, FL | $6,992,908 | $10,165,135 |
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
Worknet Pinellas Inc Clearwater, FL | $1,995,144 | $7,597,320 |
Employu Inc Casselberry, FL | $5,383,927 | $11,177,844 |
Workforce Development Board Of Flagler And Volusia Counties Inc Daytona Beach, FL | $2,463,348 | $8,211,477 |