There Is Hope Foundation Inc
- Assets
- $3.5k
- Revenue
- $13.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, SC
- Founding
- 08/2004
- Data as of
- 12/2019
- EIN
- 51-0434491
Organization Overview
There Is Hope Foundation Inc is located in Cleveland, SC. The organization was established in 2004. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. There Is Hope Foundation 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 12/2019, There Is Hope Foundation Inc generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (40.4%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST ROMANIAN CHURCHES AND PEOPLE WITH MEDICAL, PHYSICAL, SPIRITUAL, CLOTHING AND NUTRITIONAL NEEDS. PROVIDED SUPPORT TO CHILDRENS CAMP AND RETREAT CENTER IN BISTRITA/NASAUD REGIION OF ROMANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED SUPPLIES AND OFFERED MEDICAL AID. VOULUNTEERS ASSISTED IN CONSTRUCTION REPAIRS TO CHURCHES IN ROMANIA AND CAMP HOPE. PROVIDED PASTOR SUPPORT TO 9 DIFFERENT PASTORS/CHURCHES TO MEET THE NEEDS OF THEIR CHURCHES AND PARISHIONERS. PROVIDED HELP TO GYPSY MISSION CHURCHES IN ROMANIA. ROMANIAN GOVERNMENT HAS CLOSED MANY OF ITS ORPHANAGES AND PLACED EMPHASIS ON FOSTER CARE. THE GYPSY POPULATION IS LARGE AND OUR FOCUS HAS BEEN LARGELY PLACED ON THEIR TREMENDOUS NEEDS FOR SPIRITUAL,MEDICAL AND HOUSING NEEDS. PROVIDED ROMANIAN CHURCHES WITH LAUNDRY EQUIPMENT DURING MISSION TRIP IN 2017. 2018 PROVIDED PASTORIAL SUPPORT AND NEW ROOF FOR EDUCATION BUILDING/ BUILT A LARGE PLAYGROUND WITH ASSISTANCE OF KIDS AREOUND THE WORLD AT CAMP HOPE IN 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Beal CEO And Board Member | OfficerTrustee | 35 | $0 |
John J Rogers Board Member | Trustee | 20 | $0 |
Arlene Beal Board Member | Trustee | 35 | $0 |
Freddie W Young Board Member | Trustee | 20 | $0 |
Jerry C Yarbrough Board Member | Trustee | 10 | $0 |
Daniel P Elder Board Member | Trustee | 20 | $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 | $13,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,730 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $0 |
| Total functional expenses | $15,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,542 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,542 |
| 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 | $3,542 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,542 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that There Is Hope Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $7,500 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $7,500 |
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|---|---|---|
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Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
Missionary Athletes International Charlotte, NC | $3,307,948 | $5,472,845 |
Celebration Inc Alpharetta, GA | $12,143,937 | $5,388,788 |
Derek Prince Ministries Charlotte, NC | $6,321,852 | $4,305,437 |
United Ministries Greenville, SC | $3,983,524 | $3,002,737 |
Journey Church Raleigh, NC | $3,159,325 | $2,967,497 |
Fayetteville Urban Ministry Inc Fayetteville, NC | $1,821,969 | $3,089,117 |