Hope Community Education Endowment Association Inc
- Assets
- $758.7k
- Revenue
- $42.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hope, KS
- Founding
- 01/2000
- Data as of
- 06/2023
- EIN
- 48-1213046
Organization Overview
Hope Community Education Endowment Association Inc is located in Hope, KS. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Community Education Endowment Association 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 06/2023, Hope Community Education Endowment Association Inc generated $42.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $69.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT PUBLIC SUPPORT FOR SCHOLARSHIPS AWARDED TO GRADUATES OF HOPE HIGH SCHOOL (KS) AND TO PROVIDE GRANTS & FINANCIAL ASSISTANCE TO THE HOPE PUBLIC SCHOOL SYSTEM (RURAL VISTA USD 481), COMMUNITY OF HOPE KANSAS & AREA ORGANIZATIONS AND YOUTH ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO HOPE HIGH SCHOOL GRADUATES
GRANTS PROVIDED TO THE COMMUNITY HOPE HERITAGE FESTIVAL
GRANT PROVIDED TO AND FOR THE BENEFIT OF USD #481 HOPE SCHOOL SYSTEM FOR FOOTBALL FIELD IMPROVEMENT AND FBLA NATIONALS STUDENT TRIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Rock President | OfficerTrustee | 2 | $0 |
Dan Coup Treasurer | OfficerTrustee | 2 | $0 |
Tim Hostetter Secretary | OfficerTrustee | 1 | $0 |
Dale Davidson Director | Trustee | 0.5 | $0 |
Kevin Donnelly Director | Trustee | 0.5 | $0 |
David Schimming Tax Compliance Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,010 |
| Total Program Service Revenue | $0 |
| Investment income | $14,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,225 |
| Grants and other assistance to domestic individuals. | $25,500 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $371 |
| Total functional expenses | $69,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,783 |
| Savings and temporary cash investments | $698,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $54,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $758,726 |
| 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 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $195,204 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $563,522 |
| Total liabilities and net assets/fund balances | $758,726 |
Grants Awarded
Over the last fiscal year, Hope Community Education Endowment Association Inc has awarded $38,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE LIONS LEARNING CENTER PURPOSE: GRANT AWARDED PROVIDED STARTUP AND OPERATING FUNDS FOR A NEWLY ESTABLISHED NOT FOR PROFIT EARLY CHILD/EDUCATION DAYCARE CENTER LOCATED IN THE COMMUNITY OF HOPE KANSAS WHICH BENEFITS THE COMMUNITY AND SCHOOL SYSTEM BY PROVIDING A NECESSARY SERVICE. | $30,000 |
RURAL VISTA USD #481 PURPOSE: GRANTS BENEFITING THE HOPE KANSAS PUBLIC SCHOOL ATTENDANCE CENTER INCLUDE A $5,000 GRANT AWARDED FOR THE LITTLE LIONS AFTER SCHOOL PROGRAM WHICH PROVIDES A PLACE FOR STUDENTS NEEDING AFTER SCHOOL CARE. OTHER GRANTS TOTALING $3,000 WERE AWARDED FOR A FBLA NATIONALS STUDENT TRIP ($2,000) AND HIGH SCHOOL FOOTBALL FIELD REPAIRS ($1,000). | $8,000 |