Charities Of Hope Inc
- Assets
- $103.8k
- Revenue
- $70.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Newington, CT
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 54-2067705
Organization Overview
Charities Of Hope Inc is located in Newington, CT. The organization was established in 2003. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charities 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 12/2021, Charities Of Hope Inc generated $70.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $35.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (35.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DUE TO COVID OUR OPERATION WAS NO LONGER ACTIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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 |
|---|---|---|---|
Marjorie Higgins-Barkman CEO | Officer | 40 | $0 |
Joseph Caruso VP | Officer | $0 | |
Lynne Rogers Treasurer | Officer | 2 | $0 |
Sandra Shepard Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,102 |
| 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 | $70,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,965 |
| 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 | $2,150 |
| 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 | $85 |
| Office expenses | $2,587 |
| 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 | -$668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,009 |
| Insurance | $15,326 |
| All other expenses | $0 |
| Total functional expenses | $35,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,989 |
| 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 | $9,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,760 |
| Accounts payable and accrued expenses | $61,714 |
| 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 | $150,842 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $212,556 |
| Net assets without donor restrictions | $0 |
| 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 | -$108,796 |
| Total liabilities and net assets/fund balances | $103,760 |
Grants Awarded
Over the last fiscal year, Charities Of Hope Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTICUT ALLIANCE FOR VICTIMS OF VIOLENCE AND THEIR FAMILIES PURPOSE: To assist Organization's tax exempt purpose. | $0 |
AGAPE BEACON OUTREACH MINISTRIES INC PURPOSE: Donations made to assist Agape Beacon Outreach Ministries' Food Delivery program. | $0 |