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.
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 |
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 |