Thomas Hope Foundation Inc
- Assets
- $263.8k
- Revenue
- $795.7k
- Investments
- $0.0
- Employees
- 13
- Location
- Holtsville, NY
- Founding
- 10/2014
- Data as of
- 02/2024
- EIN
- 46-5277682
Organization Overview
Thomas Hope Foundation Inc is located in Holtsville, NY. The organization was established in 2014. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 02/2024, Thomas Hope Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Hope Foundation 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 02/2024, Thomas Hope Foundation Inc generated $795.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 68.2% each year . All expenses for the organization totaled $642.1k during the year ending 02/2024. While expenses have increased by 61.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROMOTING DRUG ADDITCTION AWARENESS, PREVENTION AND AIDING THOSE SEEKING TREATMENT THROUGH EDUCATION, ADVOCACY, RESEARCH AND TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO PROMOTING DRUG ADDITCTION AWARENESS, PREVENTION AND AIDING THOSE SEEKING TREATMENT THROUGH EDUCATION, ADVOCACY, RESEARCH AND TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ventura President | OfficerTrustee | 60 | $91,012 |
Theresa Kroll Treasurer | OfficerTrustee | 1 | $15,962 |
Karen Reass Director | Trustee | 1 | $0 |
Jack Magnani Director | Trustee | 1 | $0 |
Robert Kent Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $773,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $795,602 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| 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 | $795,657 |
| 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. | $56,000 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $326,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,360 |
| Office expenses | $45,246 |
| Information technology | $10,464 |
| Royalties | $0 |
| Occupancy | $75,025 |
| Travel | $8,438 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $16,536 |
| Insurance | $18,413 |
| All other expenses | $15,876 |
| Total functional expenses | $642,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,250 |
| 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 | $49,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,781 |
| Total assets | $263,811 |
| Accounts payable and accrued expenses | $11,000 |
| 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 | $5,000 |
| Other liabilities | $27,465 |
| Total liabilities | $43,465 |
| Net assets without donor restrictions | $220,346 |
| 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 | $263,811 |