Hopeworld Family Foundation
- Assets
- $524.2k
- Revenue
- $44.9k
- Investments
- $464.4k
- Employees
- 0
- Location
- Freehold, NJ
- Founding
- 06/2014
- Data as of
- 11/2022
- EIN
- 46-4348555
Organization Overview
Hopeworld Family Foundation is located in Freehold, NJ. The organization was established in 2014. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeworld Family Foundation 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 11/2022, Hopeworld Family Foundation generated $44.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $43.9k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jian Wu CEO | 2 | $0 | |
Xiaoyin Tang CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,241 |
| Interest on Savings | $599 |
| Dividends & Interest | $3,104 |
| 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 | $44,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $498 |
| Printing and publications | $0 |
| Other expenses | $575 |
| Total operating and administrative expenses | $42,231 |
| Contributions, gifts, grants paid | $1,675 |
| Total expenses and disbursements | $43,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,730 |
| Savings and temporary cash investments | $0 |
| 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 | $524,152 |
| Accounts payable and accrued expenses | $149 |
| 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 | $149 |
Grants Awarded
Over the last fiscal year, Hopeworld Family Foundation has awarded $1,675 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAOSEN VOCATIONAL SCHOOL PURPOSE: EDUCATIONAL | $1,600 |
PBS PURPOSE: CHARITABLE | $40 |
San Francisco, CA PURPOSE: CHARITABLE | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Recreation Vehicle And Camping Association Camp Hill, PA | $19,781,607 | $4,403,448 |
Professional Golfers Association Of America-New Jersey Section Bedminster, NJ | $1,105,126 | $2,393,567 |
Tri-State Section Of The Professional Golfers Association Moon Township, PA | $1,087,526 | $1,621,148 |
Lombard Swim Association Inc Philadelphia, PA | $3,099,321 | $1,649,566 |
New York Section American Camping Association Inc New York, NY | $4,053,513 | $872,911 |
Central New York Pga Inc Jamesville, NY | $732,960 | $812,096 |
Northern Lehigh Playground Assoc Slatington, PA | $0 | $2,063 |
Western New York Professional Golfers Association Inc East Amherst, NY | $721,844 | $703,131 |
Blue Ridge Sportsmens Assoc Inc Fairfield, PA | $518,329 | $581,688 |
Mt Gretna Camp Meeting Association Inc Mt Gretna, PA | $454,962 | $568,091 |
Elstonville Sportsmens Association Inc Manheim, PA | $716,960 | $676,802 |
Pohoqualine Fish Association Valley Forge, PA | $1,195,515 | $521,665 |