Gates Of Hope Inc
- Assets
- $31.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fall River, MA
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-3708798
Organization Overview
Gates Of Hope Inc is located in Fall River, MA. The organization was established in 2015. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, 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. Gates Of 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, Gates Of Hope Inc generated $71.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $59.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3
GATES OF HOPE, INC. IS A FAITH BASED INITIATIVE THAT BRIDGES THE GAP BETWEEN AVAILABLE SURPLUS-FOOD AND THE NEEDY CLIENTS BY REGULAR DELIVERIES OF FOOD TO HELP EASE HUNGER IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faith Bon Jovi President | 25 | $0 | |
Glen Coulumbe Secretary Clerk | 25 | $0 | |
Sara Taromina Director | 15 | $0 | |
Tracey Saulnier Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,737 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $39,692 |
| Total Revenue | $71,678 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $10,280 |
| Printing, publications, postage, and shipping | $788 |
| Other expenses | $48,757 |
| Total expenses | $59,825 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,629 |
| Other assets | $0 |
| Total assets | $31,015 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,015 |