New Hope International Ministries Inc
- Assets
- $104.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Wilmore, KY
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 61-1401163
Organization Overview
New Hope International Ministries Inc is located in Wilmore, KY. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope International Ministries 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, New Hope International Ministries Inc generated $85.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $90.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
NEW HOPE INTERNATIONAL MINISTRIES (NHIM) ATTEMPTS TO MOBILIZE, CHANNEL, EMPOWER AND DEVELOP RESOURCES AND PEOPLE TO DO GOD'S WORK THROUGHOUT THE WORLD. NHIM ADDITIONALLY CAME ALONGSIDE A CHURCH/MINISTRY IN CAMPTON, KY (BEAR PEN WORSHIP CENTER AND ABIDING HOPE FOOD BANK) TO PROVIDE RESOURCES TO HELP MEET THE NEEDS OF FAMILIES OF THE EASTERN KENTUCKY MOUNTAINS. THESE VOLUNTEERS SERVED ALONGSIDE LOCAL CHURCHES AND OTHER MISSION AGENCIES IN ADVANCING THE KINGDOM OF GOD. THE DESIRE OF NEW HOPE IS TO STAND IN THE GAP FOR THE LEAST OF THESE AND PROVIDE CARE AND LOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Lauter President | 15 | $0 | |
Matt Kinnell Chairman Of The Board | 1 | $0 | |
John Morley Vice President | 20 | $12,000 | |
Susan Lorraine Wright Director | 1 | $0 | |
Lynn Roper Director | 1 | $0 | |
Tyler Nelson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,019 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,531 |
| Gain or Loss | -$395 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,155 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,000 |
| Professional fees and other payments to independent contractors | $1,235 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $76,753 |
| Total expenses | $89,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,514 |
| Other assets | $0 |
| Total assets | $104,826 |
| Total liabilities | $1,860 |
| Net assets or fund balances | $102,966 |