Theres Hope America Inc
- Assets
- $117.2k
- Revenue
- $401.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Cumming, GA
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 58-1966767
Organization Overview
Theres Hope America Inc is located in Cumming, GA. The organization was established in 1992. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Theres Hope America Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theres Hope America 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, Theres Hope America Inc generated $401.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $399.5k during the year ending 12/2021. While expenses have increased by 8.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPREAD THE GOSPEL THROUGH RADIO BROADCASTS AND OTHER MEDIA OUTLETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SPREAD THE GOSPEL THROUGH RADIO BROADCASTS AND OTHER MEDIA OUTLETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Lee Chairman/pre | OfficerTrustee | 35 | $109,484 |
Patricia Redding Treasurer | OfficerTrustee | 32 | $39,210 |
Mrs Judy S Lee Secretary | OfficerTrustee | 1 | $0 |
Mr Terry Johnson Vice Preside | OfficerTrustee | 1 | $0 |
Melvin Benson Board Member | Trustee | 1 | $0 |
Lanny Hill Board Member | 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 | $395,173 |
| Noncash contributions included in lines 1a–1f | $300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,173 |
| Total Program Service Revenue | $5,809 |
| 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 | $400,982 |
| 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. | $148,695 |
| Compensation of current officers, directors, key employees. | $40,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,213 |
| Advertising and promotion | $1,799 |
| Office expenses | $12,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,720 |
| Travel | $7,879 |
| 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 | $3,675 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $399,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,545 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,191 |
| Accounts payable and accrued expenses | $20,860 |
| 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 | $14,320 |
| Total liabilities | $35,180 |
| Net assets without donor restrictions | $82,011 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $117,191 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Theres Hope America Inc has recieved totaling $502,948.
| Awarding Organization | Amount |
|---|---|
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $60,863 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $58,847 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $44,414 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $38,651 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $38,614 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $37,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Board Of Jewish Missions Inc Hixson, TN | $2,718,251 | $3,563,282 |
Inter-Faith Council For Social Service Carrboro, NC | $15,899,972 | $3,883,430 |
Freedom In Christ Inc Candler, NC | $5,188,211 | $4,960,348 |
Faith In Serving Humanity Inc Monroe, GA | $1,805,555 | $2,585,390 |
Fundamental Baptist World-Wide Mission Inc Memphis, TN | $211,852 | $2,147,963 |
Shake The Nations Ministries Inc Apopka, FL | $4,337,342 | $3,013,150 |
Wilson County Interfaith Services Inc Wilson, NC | $1,151,971 | $1,372,066 |
Haiti180 Inc Gallatin, TN | $2,661,386 | $1,891,178 |
Great Lakes Outreach Inc Charleston, SC | $542,547 | $839,976 |
No Greater Joy Ministries Inc Pleasantville, TN | $1,223,754 | $1,283,810 |
Community Of Caritas Sterrett, AL | $5,182,932 | $2,492,624 |
Missionary Air Group Inc Burlington, NC | $573,689 | $787,575 |