Hope In Lancaster Inc
- Assets
- $764.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Lancaster, SC
- Founding
- 10/1983
- Data as of
- 12/2022
- EIN
- 57-0752150
Organization Overview
Hope In Lancaster Inc is located in Lancaster, SC. The organization was established in 1983. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Hope In Lancaster Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope In Lancaster 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 12/2022, Hope In Lancaster Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOPE IN LANCASTER'S MISSION IS TO PROVIDE SUPPORT AND EDUCATION THAT WILL PROMOTE FOOD SECURITY AND A PATH TO ECONOMIC MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHORT-TERM ASSISTANCEPROVIDES SHORT-TERM EMERGENCY ASSISTANCE TO THOSE IN CRISIS. THE PRIMARY ITEMS PROVIDED TO FAMILIES IN NEED ARE: RENT AND UTILITY ASSISTANCE, AS WELL AS REFERRALS TO PARTNER AGENCIES.BOUNCE BACK PROGRAMPROVIDES UP TO 6 MONTHS ASSISTANCE TO QUALIFIED CLIENTS, INCLUDING FINANCIAL ASSISTANCE, FINANCIAL MENTORING, JOB SEEKING ASSISTANCE, AND NUTRITIOUS FOOD COUNSELING AND FOOD FROM THE PANTRY.FRESH & HEALTHY FOOD INITIATIVEPROVIDES FOOD FROM A SELECTION PROCESS TO OUR SHORT-TERM ASSISTANCE CLIENTS. PROVIDES A STAPLE FOOD OPTION TO QUALIFIED SENIORS. PROVIDES FARMER'S MARKET VOUCHER TO CLIENTS IN ALL PROGRAMS OPENING UP NUTRITIOUS OPTIONS FOR THEM WITH OUR LOCAL FARMERS.FRESH & HEALTHY FOOD INITIATIVE: TEACHING KITCHEN PROVIDES COOKING AND NUTRITION EDUCATION THAT NURTURES SKILLS IN FOOD SELECTION AND PREPARATION. PROVIDES INNOVATIVE, THEORY-BASED, COST-EFFECTIVE SOLUTIONS TO CHRONIC FOOD AND NUTRITION PROBLEMS IMPACTING INDIVIDUALS AND FAMILIES. WE HAVE INTRODUCED A FEE FOR THE COMMUNITY CLASSES AND THE PARTNERSHIP CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Lewis Executive Dir. | Officer | 50 | $48,462 |
Verta Looper Chair | OfficerTrustee | 3 | $0 |
Susan Jordan Treasurer | OfficerTrustee | 3 | $0 |
Dr Crystal Maxwell Director | Trustee | 3 | $0 |
Jackie Harris Director | Trustee | 1 | $0 |
Greg Brasington 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 | $1,461,947 |
| Noncash contributions included in lines 1a–1f | $793,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,461,947 |
| Total Program Service Revenue | $0 |
| Investment income | $6,776 |
| 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 | $1,507,588 |
| 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. | $48,462 |
| Compensation of current officers, directors, key employees. | $29,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,553 |
| 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 | $24,769 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $41,674 |
| Royalties | $0 |
| Occupancy | $35,057 |
| Travel | $28,302 |
| 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 | $4,779 |
| Insurance | $12,464 |
| All other expenses | $0 |
| Total functional expenses | $1,565,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $205,117 |
| 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 | $75,515 |
| Prepaid expenses and deferred charges | $1,497 |
| Net Land, buildings, and equipment | $10,531 |
| Investments—publicly traded securities | $184,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,396 |
| Accounts payable and accrued expenses | $11,879 |
| 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 | $11,879 |
| Net assets without donor restrictions | $609,224 |
| Net assets with donor restrictions | $143,293 |
| 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 | $764,396 |