Focus On Hope Inc
- Assets
- $173.6k
- Revenue
- $5.1k
- Investments
- $168.0k
- Employees
- 0
- Location
- Laurinburg, NC
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 61-1417827
Organization Overview
Focus On Hope Inc is located in Laurinburg, NC. The organization was established in 2003. 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. Focus On Hope 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, Focus On Hope Inc generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $29.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Focus On Hope Inc has awarded 62 individual grants totaling $192,738. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Henderson President | 1 | $0 | |
Elizabeth Henderson Board Member | 1 | $0 | |
Richie Henley Secretary/treasurer | 3 | $3,925 | |
Brooks Hale Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $391 |
| Capital Gain Net Income | $391 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,925 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,792 |
| Total operating and administrative expenses | $7,817 |
| Contributions, gifts, grants paid | $21,959 |
| Total expenses and disbursements | $29,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,503 |
| Savings and temporary cash investments | $2,059 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $173,607 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Focus On Hope Inc has awarded $21,959 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONCERNED CITIZENS FOR HOMELESS PURPOSE: GENERAL SUPPORT | $2,210 |
FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $1,684 |
HOSPICE OF SCOTLAND COUNTY PURPOSE: GENERAL SUPPORT | $100 |
LAURINBURG SISTER CITIES ASSOCIATION INC PURPOSE: GENERAL SUPPORT | $50 |
SCOTLAND MEMORIAL HOSPITAL PURPOSE: GENERAL SUPPORT | $17,815 |
THE HELPING HAND PURPOSE: GENERAL SUPPORT | $100 |