Beacon Of Hope Business Alliance
- Assets
- $155.6k
- Revenue
- $203.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/2017
- Data as of
- 12/2018
- EIN
- 47-4326461
Organization Overview
Beacon Of Hope Business Alliance is located in Cincinnati, OH. The organization was established in 2017. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. Beacon Of Hope Business Alliance 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 12/2018, Beacon Of Hope Business Alliance generated $203.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $142.9k during the year ending 12/2018. While expenses have increased by 39.7% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE FAMILIES THROUGH HELPING MEN MEN AND WOMEN FIND GAINFUL EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT IS THE MISSION, DUTY, AND PURPOSE OF THE BEACON OF HOPE BUSINESS ALLIANCE TO ADDRESS, EDUCATE, COORDINATE, AND PROVIDE RESOURCES TO ASSIST SECOND CHANCE HIRING AT A LOCAL, NATIONAL, AND GLOBAL LEVEL. IT IS OUR MISSION AND RESPONSIBILITY TO BE AVAILABLE TO PROVIDE CONNECTIONS AND RESOURCES AMONG THE COMPANIES OF THE BEACON OF HOPE BUSINESS ALLIANCE WITH THE ULTIMATE DUTY OF ASSISTING INDIVIDUALS WHO HAVE VARIOUS BARRIERS TO EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Schad Secretary | Trustee | 1 | $0 |
Daniel Meyer Chairman | Trustee | 1 | $0 |
Michael Pachko Advisory Board Lead | Trustee | 1 | $0 |
Richard Palmer President | Trustee | 1 | $0 |
Chris Lahni Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,338 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,000 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,338 |
| Total Program Service Revenue | $4,025 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,076 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,220 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,517 |
| Insurance | $9,029 |
| All other expenses | $0 |
| Total functional expenses | $142,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,170 |
| 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 | $55,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,595 |
| 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 |
| Unrestricted restricted net Assets | $155,595 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $155,595 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beacon Of Hope Business Alliance has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jevs Human Services Philadelphia, PA | $77,364,523 | $72,235,566 |
Philadelphia Works Inc Philadelphia, PA | $19,624,768 | $60,435,334 |
Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Central Pennsylvania Workforce Development Corporation Lewisburg, PA | $2,063,323 | $7,980,390 |
Job Squad Inc Bridgeport, WV | $7,674,844 | $8,287,475 |