Source Of Hope Ministries
- Assets
- $93.3k
- Revenue
- $26.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kettering, OH
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-1044793
Organization Overview
Source Of Hope Ministries is located in Kettering, OH. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Source 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 12/2023, Source Of Hope Ministries generated $26.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $78.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERING WITH CHURCHES, SCHOOLS,HOSPITAL, PROVIDING SERVICES (EDUCATION, NUTRITION/NOURISHMENT, HEALTH CARE AND FAMILY SERVICES) FREE OF CHARGE TO INDIVIDUALS IN POVERTY AREAS, PRIMARILY GUATEMALA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE FUENTE DE ESPERANZA (SOURCE OF HOPE)SCHOO; IN FINCA EL ZAPOTE, GUATEMALA, WHICH CURRENTLY HAS 200+ STUDENTS IN GRADES K THRU 9. THIS AREA IS IN EXTREME POVERTY WITH VERY LITTLE EDUCATIONAL OPPORTUNITY. CHILDREN ATTEND FOR FREE AND RECEIVE TWO MEALS A DAY ON SCHOOL DAYS, AS WELL AS SOME MEDICAL CARE AND OTHER FAMILY SERVICES. THESE FUNDS ARE ADMINISTERED THROUGH THE GALILEA CHURCHES LOCATED IN SAN LUCAS, GUATEMALA AND IN FINCA EL ZAPOTE.
OTHER SUPPORT FOR THE GALILEA CHURCHES WORK IN GUATEMALA, INCLUDING MUSICAL INSTRUMENTS FOR THE CHURCH IN MEMBRILLAL AND SOME HOUSE CONSTRUCTION IN FINCA EL ZAPOTE
SUPPORT FOR IGLESIA GALILEA EVANGELLICAL, ACM LOCATED IN SAN LUCAS, SACATEPEQUEZ, GUATEMALA. THIS CHURCH STARTED CHURCHES AND SCHOOLS IN FINCA EL ZAPOTE AND MEMBRILLAL, GUATEMALA. THE CHURCH COORDINATES AND OVERSEES OPERATIONS AT THE TWO SCHOOLS. THE FUNDS WERE USED FOR LOGISTICAL SUPPORT FOR THE SCHOOLS, SOME ADMINISTRATIVE FUNCTIONS TO SUPPORT THE SCHOOLS, AND A SMALL AMOUNT ($2,000) FOR SOME CONSTRUCTION ON THE CHURCH IN SAN LUCAS.
SUPPORT FOR THE FUENTE DE ESPERANZA (SOURCE OF HOPE)SCHOOL IN MEMBRILLAL, GUATEMALA, WHICH CURRENTLY HAS 150 STUDENTS IN GRADES 1 THRU 6. THIS AREA ALSO HAS HIGH POVERTY WITH LIMITED EDUCATIONAL OPPORTUNITY. CHILDREN ATTEND FOR FREE AND RECEIVE TWO MEALS A DAY ON SCHOOL DAYS, AS WELL AS SOME MEDICAL CARE AND OTHER FAMILY SERVICES. THESE FUNDS ARE ADMINISTERED THROUGH THE GALILEA CHURCHES LOCATED IN SAN LUCAS, GUATEMALA AND IN MEMBRILLAL, GUATEMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Blatz President | 2 | $0 | |
Joseph Baird Vice Presidet | 1 | $0 | |
Eric Holliman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,432 |
| Interest on Savings | $5,076 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,219 |
| Total operating and administrative expenses | $1,235 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $78,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,969 |
| Savings and temporary cash investments | $82,360 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $93,329 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Source Of Hope Ministries has awarded $151,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IGLESIA GALILEA EVANGELICAL PURPOSE: SUPPORT OF LOCAL CHURCHES IN SAN LUCAS SACATEPEQUEZ FINCA EL ZAPOTE ESQUINTLA AND MEMBRILLAL,SACATEPEQUEZ AND THE SCHOOLS OPERATED IN FINCA EL ZAPOTE AND MEMBRILLAL | $132,400 |
HANDS OF HOPE MINISTRY PURPOSE: SUPPORT FOR MEDICAL CLINIC IN SUMPANGO CHIMALTANANGO GUATEMALA | $15,000 |
WELCOME TO MY FATHERS HOUSE PURPOSE: SUPPORT WORK IN THE MAYAN COMMUNITY OF TABACAL GUATEMALA. RELIEF AND EDUCATION. | $4,000 |