Hopeco
- Assets
- $175.9k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Martinsville, VA
- Founding
- 10/1989
- Data as of
- 12/2023
- EIN
- 58-1821149
Organization Overview
Hopeco, operating under the name Teamwork City of HopeTeamwork Ministries Int'l, is located in Martinsville, VA. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Teamwork City of HopeTeamwork Ministries Int'l employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teamwork City of HopeTeamwork Ministries Int'l 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, Teamwork City of HopeTeamwork Ministries Int'l generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 18.8% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DRIVEN BY OUR CHRISTIAN FAITH, HOPECO PROVIDES QUALITY HOLISTIC CARE THAT ENABLES VULNERABLE CHILDREN, THEIR FAMILIES, AND COMMUNITIES IN EAST AFRICA TO FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE FOR ORPHANS, VULNERABLE CHILDREN, WOMEN, AND OTHER ADULTS IN EAST AFRICA. HOPECO FUNDED A CHILDRENS HOME,, A PRIMARY SCHOOL, A SECONDARY SCHOOL, EMPOWERMENT PROGRAMS FOR WOMEN, UNIVERSITY EDUCATION, AND A MEDICAL CENTER FOR AN IMPOVERISHED COMMUNITY. IN TOTAL, MORE THAN 900 PEOPLE WERE SERVED EVERY MONTH. HOPECO ALSO HAS PROGRAMS IN EAST AFRICA TO RESCUE GIRLS FROM ABUSE, VIOLENCE, AND CHILD MARRIAGE, AND PROVIDE EDUCATION AND EMPOWERMENT OPPORTUNITIES TO THEM.
TEAMWORK BIBLE COLLEGE INTERNATIONAL OPERATES UNDER THE UMBRELLA OF HOPECO TO OFFER CHRISTIAN EDUCATION PROGRAMS. THE SCHOOL PROVIDES CURRICULUM AND ADMINISTRATION TO AFFILIATED SCHOOLS WHO OFFER CLASSES AS PART OF VARIOUS DEGREE PROGRAMS.
HOPECO SUPPORTS THE EDUCATION AND CARE OF EAST AFRICAN STUDENTS WHO ARE STUDYING IN THE USA AT A CHRISTIAN BOARDING SCHOOL OR AT COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Parker Chief Executive Officer | Officer | 40 | $91,413 |
Regina Chacha Director Of Programs And Cofounder | OfficerTrustee | 40 | $52,771 |
Lisa Wilkerson Finance Director | Officer | 40 | $51,371 |
Gerard Hopkins Board Chairman | OfficerTrustee | 4 | $0 |
Mwita Chacha Board Member | Trustee | 4 | $0 |
Jacob Moyer Board Member | Trustee | 2 | $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 | $1,656,048 |
| Noncash contributions included in lines 1a–1f | $697,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,656,048 |
| Total Program Service Revenue | $15,223 |
| Investment income | $160 |
| 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 | $1,672,284 |
| 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 | $1,108,880 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,955 |
| Compensation of current officers, directors, key employees. | $75,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,075 |
| Payroll taxes | $14,961 |
| Fees for services: Management | $50,400 |
| Fees for services: Legal | $10,749 |
| Fees for services: Accounting | $3,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,686 |
| Office expenses | $8,424 |
| Information technology | $10,148 |
| Royalties | $0 |
| Occupancy | $7,876 |
| Travel | $137,935 |
| 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 | $1,973 |
| Insurance | $4,535 |
| All other expenses | $17,903 |
| Total functional expenses | $1,747,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,046 |
| 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 | $26,322 |
| Net Land, buildings, and equipment | $21,026 |
| Investments—publicly traded securities | $10,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,895 |
| Accounts payable and accrued expenses | $24,711 |
| 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 | $24,711 |
| Net assets without donor restrictions | -$11,056 |
| Net assets with donor restrictions | $162,240 |
| 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 | $175,895 |