Hope Love And Charity Foundation Inc is located in Aurora, WV. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Love And Charity 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 12/2023, Hope Love And Charity Foundation Inc generated $102.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $137.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Hope Love And Charity Foundation Inc has awarded 157 individual grants totaling $685,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patrick A Nichols Trustee | 1 | $1,500 | |
Ladonna Teets Secy | 10 | $6,600 | |
J Michael Lantz Trustee | 1 | $1,500 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $6,924 |
Interest on Savings | $10,393 |
Dividends & Interest | $45,202 |
Net Rental Income | -$2,918 |
Net Gain on Sale of Assets | $35,742 |
Capital Gain Net Income | $41,912 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $102,461 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $12,600 |
Other employee salaries and wages | $11,036 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $3,203 |
Depreciation | $12,651 |
Occupancy | $0 |
Travel, conferences, and meetings | $1,086 |
Printing and publications | $0 |
Other expenses | $12,455 |
Total operating and administrative expenses | $56,056 |
Contributions, gifts, grants paid | $81,750 |
Total expenses and disbursements | $137,806 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $23,737 |
Savings and temporary cash investments | $93,874 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $249 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $2,571,641 |
Net Land, buildings, and equipment | $662,679 |
Other assets | $0 |
Total assets | $3,352,180 |
Accounts payable and accrued expenses | $420 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $420 |
Over the last fiscal year, Hope Love And Charity Foundation Inc has awarded $81,750 in support to 25 organizations.
Grant Recipient | Amount |
---|---|
AURORA AREA HISTORICAL SO PURPOSE: ANNUAL DONATION | $1,500 |
AURORA VFD PURPOSE: ANNUAL DONATION | $3,000 |
BROOKSIDE CHURCH OF BRETH PURPOSE: ANNUAL DONATION | $2,500 |
BLACKWATER MINISTERIAL AS PURPOSE: ANNUAL DONATION | $15,000 |
CORTLAND ACRES ASSOCIATIO PURPOSE: ANNUAL DONATION | $6,000 |
DAVIS VOL FIRE DEPT PURPOSE: ANNUAL DONATION | $3,000 |