Inspiring Hope Ministries Inc
- Assets
- $40.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-4652496
Organization Overview
Inspiring Hope Ministries Inc is located in Middleton, WI. The organization was established in 2015. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspiring Hope Ministries 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, Inspiring Hope Ministries Inc generated $164.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $137.7k during the year ending 12/2022. While expenses have increased by 17.0% per year over the past 2 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
INSPIRING HOPE MINISTRIES, INC. (IHM) OPERATES A CREATIVE ARTS LIFE CENTER THAT ACCOMPLISHES THE FOLLOWING: CREATE-AN INSPIRING HOPE ARTS STUDIO SUPPORTING CREATIVE EXPERIENCES THAT ENCOURAGE A COMMUNITY OF IHM ARTISTS AND THOSE WHO DESIRE TO EXPLORE THE ARTS WITH THEM; LEARN-EDUCATIONAL OPPORTUNITIES ENCOURAGING LEARNING ABOUT AND EXPLORING THE WORLD AROUND US AS WE BUILD RELATIONSHIPS TOGETHER; HEAL-PURSUING A WHOLE LIFE; BODY, SOUL AND SPIRIT. PROVIDING OPPORTUNITIES FOR PRAYER, ENCOURAGEMENT, RESTORATION, REJOICING AND PURSUIT OF WELLNESS AND BUILDING OF A FAITH COMMUNITY; GROW-DEVELOPING OPPORTUNITIES FOR GROWTH IN LIFE WHOLENESS FOR INDIVIDUALS AND FAMILIES. CREATING JOBS FOR LIFE WORK AND CONTRIBUTING TO OUR COMMUNITY THROUGH THE HOPE BOOKSTORE; SHINE-DISPLAYING OUR CREATIVITY THROUGH DANCE, SONG, THEATER, IMPROVE AND A GALLERY OF VISUAL ARTS TO SHOW WHAT WE ARE DOING!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Haunty President | 48 | $0 | |
Thomas Haunty Vice President/treasurer | 2.7 | $0 | |
Melissa Shackelford Secretary | 1.75 | $0 | |
Pat Loomis Board Member | 0.9 | $0 | |
Paul Bell Board Member | 1 | $0 | |
Donna Bell Board Member | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,626 |
| Total Program Service Revenue | $10,352 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $527 |
| Total Revenue | $164,116 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,543 |
| Professional fees and other payments to independent contractors | $60,293 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $1,440 |
| Other expenses | $26,239 |
| Total expenses | $137,715 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,343 |
| Other assets | $0 |
| Total assets | $40,343 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,343 |