Hope Ministries
- Assets
- $221.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elk Point, SD
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2000881
Organization Overview
Hope Ministries is located in Elk Point, SD. The organization was established in 2014. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. 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, Hope Ministries generated $128.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $114.7k during the year ending 12/2021. While expenses have increased by 3.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MEDICAL SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Stroschein President | 50 | $12,000 | |
William Vandyke Vice President | 0 | $0 | |
Evonne Bunkers Director | 0 | $0 | |
Sharon Persuad Treasurer | 0 | $0 | |
Mary Hanson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,802 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $128,802 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $101,535 |
| Total expenses | $114,735 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $220,990 |
| Other assets | $0 |
| Total assets | $220,990 |
| Total liabilities | $0 |
| Net assets or fund balances | $220,990 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Ministries has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Newton Family Foundation Inc Cumby, TX PURPOSE: CHARITY | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immanuel Lutheran Corporation Of Kalispell Montana Kalispell, MT | $74,381,473 | $25,428,001 |
Association Of Hutterian Brethren Churches Inc Aberdeen, SD | $14,512,217 | $27,857,692 |
Good Shepherd Lutheran Community Blair, NE | $4,394,791 | $5,136,170 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
Nebraska Lutheran Outdoor Ministries Inc Ashland, NE | $11,165,008 | $3,788,912 |
Vision Beyond Borders Inc Casper, WY | $1,888,675 | $2,473,457 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |
Saint Benedict Center Schuyler, NE | $23,442,378 | $3,304,045 |
Lutherans For Life Nevada, IA | $1,509,638 | $1,790,858 |