Sprouting Hope Inc
- Assets
- $27.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, VA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 47-1753506
Organization Overview
Sprouting Hope Inc is located in Marion, VA. The organization was established in 2014. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sprouting 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 12/2021, Sprouting Hope Inc generated $21.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 5 years. 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 |
|---|---|---|---|
Malocolm M Brown IV President | 0 | $0 | |
Latricia Irvin Treasurer | 0 | $0 | |
Mary Beth Graham Trustee | 0 | $0 | |
Eleanor Saunders Trustee | 0 | $0 | |
Kari Shelton Trustee | 0 | $0 | |
Jennifer Watson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,282 |
| 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 | $21,282 |
| 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 | $15,915 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $21 |
| Other expenses | $1,920 |
| Total expenses | $17,856 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,815 |
| Other assets | $0 |
| Total assets | $27,815 |
| Total liabilities | $347 |
| Net assets or fund balances | $27,468 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sprouting Hope Inc has recieved totaling $38,959.
| Awarding Organization | Amount |
|---|---|
Christian Relief Services Charities Inc Alexandria, VA PURPOSE: CRITICAL NEEDS | $38,915 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Nutrition Association Inc Arlington, VA | $16,052,555 | $7,166,354 |
Bread For The World Inc Washington, DC | $10,817,860 | $6,419,987 |
Lexington Market Inc Baltimore, MD | $34,272,754 | $5,979,904 |
Of One Accord Inc Rogersville, TN | $2,058,166 | $4,725,559 |
Means Database Inc Washington, DC | $202,250 | $395,546 |
Pauls Place Inc Baltimore, MD | $14,169,802 | $2,887,812 |
Nashville Food Project Inc Nashville, TN | $5,206,540 | $2,809,035 |
Serving Orphans Worldwide Inc Bristol, TN | $957,366 | $2,923,853 |
A Gift From Ben Inc Williamsburg, VA | $40,903 | $2,555,579 |
Grow Ohio Valley Inc Wheeling, WV | $924,666 | $2,218,308 |
Highpoint Charitable Services Inc La Grange, KY | $1,422,782 | $2,485,320 |
Food Runners Collaborative Inc Raleigh, NC | $2,926,900 | $1,721,680 |