Oasis Of Hope
- Assets
- $4.0m
- Revenue
- $618.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Cordova, TN
- Founding
- 03/2005
- Data as of
- 02/2023
- EIN
- 61-1470925
Organization Overview
Oasis Of Hope is located in Cordova, TN. The organization was established in 2005. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 02/2023, Oasis Of Hope employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oasis Of Hope 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 02/2023, Oasis Of Hope generated $618.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $811.0k during the year ending 02/2023. 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
TO DEMONSTRATE CHRIST'S LOVE TO AN UNDER-RESOURCED COMMUNITY BY ELEVATING AND IMPROVING THE QUALITY OF NEIGHBORHOOD LIFE THROUGH EMPOWERMENT AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OASIS OF HOPE PROMOTED SPIRITUAL AND LEADERSHIP DEVELOPMENT IN YOUNG CHRISTIAN LEADERS BY PROVIDING YOUTH ACTIVITIES, SUMMER CAMPS & AFTER SCHOOL PROGRAMS.
OASIS OF HOPE EMPOWERED NEIGHBORHOOD ADULTS BY PROVIDING EDUCATIONAL, EMPLOYMENT & CAREER DEVELOPMENT SERVICES THROUGHOUT THE COMMUNITY. THE ORGANIZATION ALSO PROVIDED SENIOR ASSISTANCE PROGRAMS.
OASIS BUILDS AND REHABILITATES LOW-INCOME AREA HOUSING DEVELOPMENTS IN THE OASIS NEIGHBORHOOD IN INNER-CITY MEMPHIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli Morris Chairman | OfficerTrustee | 10 | $0 |
Jackie Bass Director | Trustee | 10 | $0 |
Henry Bishop Director | Trustee | 10 | $0 |
Clarissa Crowder-Harris Director | Trustee | 10 | $0 |
Jill Dyson Director | Trustee | 10 | $0 |
John Hvasta Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $343,299 |
| Government grants | $98,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,005 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,754 |
| Net Gain/Loss on Asset Sales | $14,324 |
| Net Income from Fundraising Events | -$4,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,038 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,200 |
| 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. | $72,002 |
| Compensation of current officers, directors, key employees. | $21,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,766 |
| Pension plan accruals and contributions | $26,318 |
| Other employee benefits | $20,903 |
| Payroll taxes | $29,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,207 |
| Advertising and promotion | $0 |
| Office expenses | $18,772 |
| Information technology | $7,620 |
| Royalties | $0 |
| Occupancy | $44,308 |
| Travel | $9,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,906 |
| Insurance | $49,695 |
| All other expenses | $11,379 |
| Total functional expenses | $811,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,602 |
| Accounts receivable, net | $2,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,420 |
| Prepaid expenses and deferred charges | $3,219 |
| Net Land, buildings, and equipment | $1,927,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $224 |
| Other assets | $1,876,189 |
| Total assets | $3,990,976 |
| Accounts payable and accrued expenses | $23,937 |
| 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 | $14,195 |
| Total liabilities | $38,132 |
| Net assets without donor restrictions | $0 |
| 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 | $3,952,844 |
| Total liabilities and net assets/fund balances | $3,990,976 |