Mariatu S Hope Inc
- Assets
- $235.9k
- Revenue
- $575.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Lake Wales, FL
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 46-4509400
Organization Overview
Mariatu S Hope Inc is located in Lake Wales, FL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Mariatu S Hope Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mariatu S 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 12/2023, Mariatu S Hope Inc generated $575.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $616.5k during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE & REPAIR FACILITIES FOR DRINKING WATER IN SIERRE LEONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER PROJECTS: FUNDS RAISED IN THE US FROM INDIVIDUAL DONORS AND OTHER INTERESTED NON- PROFIT ORGANIZATIONS HAVE BEEN SENT TO A SIERRA LEONE NGO TO: 1. REHABILITATE EXISTING HAND DUG WATER WELLS BY OPENING THEM UP, PUMPING THEM DRY, INSPECTING THE INSIDE, CONSTRUCTING NEW CASING, INSTALLING NEW CASING INSIDE THE WELL, DIGGING THE WELL DEEPER WITH THE HELP OF LOCAL RESIDENTS AND A LOCAL GROUP THAT ASSISTS. AFTER DEEPINING THE WELL, A PAD AND WALL ARE CONSTRUCTED AND A NEW HAND PUP IS INSTALLED ON THE WELL. THE WELL IS SHOCKED WITH CHLORINE TO KILL ALL BACTERIA, AND THE WATER IS TESTED TO ENSURE IT MEETS GOVERNMENT STANDARDS. 2. ADD NEW WATER POINTS (WELLS) USING A DEEP ROCK DRILLING RIG (MORE THAN 120 FEET DEEP) USING A SPECIALIZED TRAINED DRILLING TEAM. 3. PURCHASED AND SENT TO SIERRA LEONE ADDITIONAL PUMPS FOR INSTALLATION AS WELL AS PARTS TO REPAIR EXISTING WELLS. THERE ARE TRAINED LOCAL RESIDENTS AND MISSIONARY TEAMS FROM THE US FOR COMMUNITIES IN NEED OF SAFE WATER.
GENERAL MANAGEMENT OF ORGANIZATION; PAYROLL TAXES FOR OFFICERS WHO SUPPORT ALL OF THE EXEMPT PURPOSES.
INFANT NUTRITION PROJECT: DONATIONS COLLECTED IN THE US FROM INDIVIDUALS AND BUSINESS OWNERS HAVE BEEN COLLECTED WITH THE ORGANIZATION'S GOAL OF STEMMING THE VERY HIGH MATERNAL AND INFANT MORTALITY RATE IN SIERRA LEONE. DONATIONS ARE SENT ON A REGULAR MONTHLY BASIS TO THE TARGET NGO THAT IMPLEMENTS THE GOALS OF MARIATU'S HOPE. PROVIDING NUTRITIONAL SUPPORT TO BABIES TO BE SURE THAT THEY ARE GETTING ENOUGH TO EAT AND APPROPRIATE CARE. THEY ARE ALSO CHECKED FOR ANY HEALTH PROBLEMS AND REFERRED TO THE APPROPRIATE CARE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Search President/ce | OfficerTrustee | 40 | $35,500 |
Ruth E Search Vice Preside | OfficerTrustee | 30 | $67,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $523,006 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,884 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,890 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $575,904 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $386 |
| Payroll taxes | $9,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $891 |
| Fees for services: Accounting | $946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,795 |
| Office expenses | $22,653 |
| Information technology | $11,759 |
| Royalties | $0 |
| Occupancy | $24,967 |
| Travel | $16,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $5,461 |
| Depreciation, depletion, and amortization | $2,031 |
| Insurance | $407 |
| All other expenses | $0 |
| Total functional expenses | $616,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,075 |
| Savings and temporary cash investments | $160,934 |
| 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 | $28,873 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,928 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $95,723 |
| Net assets with donor restrictions | $140,205 |
| 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 | $235,928 |