Historic Hope Foundation Inc
- Assets
- $1.2m
- Revenue
- $187.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Windsor, NC
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 56-0959945
Organization Overview
Historic Hope Foundation Inc is located in Windsor, NC. The organization was established in 1964. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Historic Hope Foundation Inc employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Historic 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 12/2021, Historic Hope Foundation Inc generated $187.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $145.5k during the year ending 12/2021. 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
TO ACQUIRE AND MAINTAIN FOR THE BENEFIT OF THE PUBLIC, THE HISTORIC HOME OF GOVERNOR DAVID STONE IN BERTIE COUNTY, NC, KNOWN AS HOPE PLANTATION. THE MISSION INCLUDES PROVIDING EDUCATIONAL,CULTURAL, AND RECREATIONAL BENEFITS FOR THE PUBLIC AS AN ELEMENT OF THE HERITAGE OF ROANOKE CHOWAN REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES AT HISTORIC HOPE FOUNDATION, INC. ARE DEDICATED TO THE MISSION DESCRIBED ABOVE. MAINTENANCE OF THE THREE HISTORIC HOUSES, AND THE ROANOKE CHOWAN CENTER, AND THE PRESENTATION OF VARIOUS PUBLIC EVENTS DURING THE YEAR CONSUME ALL OF THE INCOME AND EXPENSES OF THE FOUNDATION.
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 |
|---|---|---|---|
Mrs Luann Joyner Secretary, Director | OfficerTrustee | 5 | $0 |
Dr Benjamin F Speller Jr Vice President, Life Director | OfficerTrustee | 5 | $0 |
Dr Turner Bond Sutton President, Director | OfficerTrustee | 30 | $0 |
Mrs Dianne Bazemore Director | Trustee | 1 | $0 |
Mrs Leslie Beachboard Director | Trustee | 1 | $0 |
Mrs C Wood Beasley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,495 |
| Fundraising events | $4,550 |
| Related organizations | $0 |
| Government grants | $17,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,407 |
| Total Program Service Revenue | $7,355 |
| Investment income | $97,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,381 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,684 |
| 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 | $47,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,674 |
| 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 | $17,665 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,519 |
| Office expenses | $13,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,919 |
| Travel | $579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,698 |
| Insurance | $14,580 |
| All other expenses | $1,982 |
| Total functional expenses | $145,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,487 |
| 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 | $8,219 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $550,050 |
| Investments—publicly traded securities | $598,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,204,676 |
| Accounts payable and accrued expenses | $943 |
| 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 | $126,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $127,536 |
| Net assets without donor restrictions | $804,519 |
| Net assets with donor restrictions | $272,621 |
| 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 | $1,204,676 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Historic Hope Foundation Inc has recieved totaling $14,627.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: ARTS, CULTURE & HUMANITIES | $14,570 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $583,647 |
| Earnings | $67,545 |
| Net Contributions | $1,000 |
| Other Expense | $53,272 |
| Ending Balance | $598,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maymont Foundation Richmond, VA | $38,971,207 | $5,423,725 |
The Lynnwood Foundation Charlotte, NC | $21,387,443 | $5,860,754 |
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Classical American Homes Preservation Trust Hillsborough, NC | $132,123,539 | $8,113,151 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Historic Columbia Foundation Inc Columbia, SC | $4,152,863 | $4,740,908 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Georgia Historical Society Savannah, GA | $30,611,121 | $5,575,417 |
Coastal Heritage Society Inc Savannah, GA | $3,223,503 | $3,680,449 |
The George Washington Foundation Fredericksburg, VA | $39,220,156 | $2,847,343 |
Coastal Georgia Historical Society Inc St Simons Island, GA | $8,728,661 | $2,039,042 |
Preservation Society Of Charleston Charleston, SC | $9,215,770 | $2,455,681 |