Gates Of Hope Inc
- Assets
- $19.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fall River, MA
- Founding
- 04/2015
- Data as of
- 12/2022
- 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 12/2022, Gates Of Hope Inc generated $128.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $123.0k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Sara Taromina Director | 25 | $0 | |
Tracey Saulnier Director | 25 | $0 | |
Faith Bon Jovi President | 25 | $0 | |
Glen Coulumbe Secretary Clerk | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,989 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,515 |
| Other Revenue | $0 |
| Total Revenue | $128,654 |
| 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 | $1,465 |
| Occupancy, rent, utilities, and maintenance | $10,580 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $110,981 |
| Total expenses | $123,026 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,242 |
| Other assets | $0 |
| Total assets | $19,162 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gates Of Hope Inc has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
Rhode Island Community Food Bank Association Providence, RI | $24,835,902 | $26,504,097 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Worcester County Food Bank Inc Shrewsbury, MA | $18,509,870 | $19,136,564 |
Masbia Of Queens Brooklyn, NY | $208,695 | $6,270,720 |
The Open Door Cape Ann Food Pantry Inc Gloucester, MA | $8,508,042 | $7,338,820 |