Hope International Ministries Inc
- Assets
- $13.8m
- Revenue
- $8.4m
- Investments
- $108.9k
- Employees
- 50
- Location
- Tampa, FL
- Founding
- 03/1973
- Data as of
- 06/2022
- EIN
- 62-0879012
Organization Overview
Hope International Ministries Inc, operating under the name Hope Children's Home, is located in Tampa, FL. The organization was established in 1973. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Hope Children's Home employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Children's Home 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 06/2022, Hope Children's Home generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESCUE THE NEXT GENERATION. THIS ORGANIZATION PROVIDES A STABLE AND LOVING CHRISTIAN HOME FOR DISPLACED CHILDREN. THE CARE OF THESE CHILDREN INCLUDE FOOD, SHELTER, EDUCATION AND FAITH BASED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1968 HOPE INTERNATIONAL MINISTRIES INC. HAS BEEN RESCUING CHILDREN FOR MORE THAN 50 YEARS. THESES CHILDREN ARE FROM ABUSIVE, ORPHANED, AND NEGLECTED SITUATIONS AND COME TO THE MINISTRY FROM FLORIDA AND ALL AROUND THE WORLD. LOCATED IN TAMPA, FL ON 55 ACRES OF BEAUTIFUL WOODLANDS, THE STAFF OF HOPE LIVE ON CAMPUS, WHICH ENABLES THEM TO PROVIDE AROUND THE CLOCK CARE AND SUPPORT TO THE RESIDENT CHILDREN. IN 2020, HOPE CARED FOR 145 CHILDREN, PROVIDING NOT JUST A LOVING HOME, BUT ALSO A QUALITY EDUCATION IN THEIR EDUCATIONAL PROGRAM. HOPE CARES FOR CHILDREN FROM INFANTS THROUGH 18 YEARS OLD, PROVIDING EDUCATION FROM PRESCHOOL THROUGH HIGH SCHOOL. THE GRADUATION RATE OF THE PROGRAM FAR EXCEEDS STATE WIDE AVERAGES.OVER 90% OF THE CHILDREN CONTINUE ON TO PURSUE A COLLEGE EDUCATION, AND HOPE PROVIDES TUITION ASSITANCE TO THOSE GRADUATES IN THE FORM OF SCHOLARSHIPS AND INTERNSHIP/WORK PROGRAMS. THE ORGANIZATION IS SUPPORTED 100% THROUGH CONTRIBUTIONS FROM INDIVIDUALS, CHURCHES, AND ORGANIZATIONS.IN SEPTEMBER 2019, A 2ND US CAMPUS WAS OPENED. THIS CHILDREN'S HOME IS LOCATED IN CLOVIS, NEW MEXICO AND CONTINUES THE MISSION BY RESCUING CHILDREN IN THAT AND THE SURROUNDING AREA. THIS CAMPUS CONTINUES TO CONSTRUCT AND EXPAND ITS RESIDENTIAL FACILITIES SO THAT IT CAN CARE FOR ADDITIONAL CHILDREN.
FOUNDED IN 1968 HOPE INTERNATIONAL MINISTRIES INC. HAS BEEN RESCUING CHILDREN FOR MORE THAN 50 YEARS. THESES CHILDREN ARE FROM ABUSIVE, ORPHANED, AND NEGLECTED SITUATIONS AND COME TO THE MINISTRY FROM FLORIDA AND ALL AROUND THE WORLD. LOCATED IN TAMPA, FL ON 55 ACRES OF BEAUTIFUL WOODLANDS, THE STAFF OF HOPE LIVE ON CAMPUS, WHICH ENABLES THEM TO PROVIDE AROUND THE CLOCK CARE AND SUPPORT TO THE RESIDENT CHILDREN. IN 2020, HOPE CARED FOR 145 CHILDREN, PROVIDING NOT JUST A LOVING HOME, BUT ALSO A QUALITY EDUCATION IN THEIR EDUCATIONAL PROGRAM. HOPE CARES FOR CHILDREN FROM INFANTS THROUGH 18 YEARS OLD, PROVIDING EDUCATION FROM PRESCHOOL THROUGH HIGH SCHOOL. THE GRADUATION RATE OF THE PROGRAM FAR EXCEEDS STATE WIDE AVERAGES.OVER 90% OF THE CHILDREN CONTINUE ON TO PURSUE A COLLEGE EDUCATION, AND HOPE PROVIDES TUITION ASSITANCE TO THOSE GRADUATES IN THE FORM OF SCHOLARSHIPS AND INTERNSHIP/WORK PROGRAMS. THE ORGANIZATION IS SUPPORTED 100% THROUGH CONTRIBUTIONS FROM INDIVIDUALS, CHURCHES, AND ORGANIZATIONS.IN SEPTEMBER 2019, A 2ND US CAMPUS WAS OPENED. THIS CHILDREN'S HOME IS LOCATED IN CLOVIS, NEW MEXICO AND CONTINUES THE MISSION BY RESCUING CHILDREN IN THAT AND THE SURROUNDING AREA. THIS CAMPUS CONTINUES TO CONSTRUCT AND EXPAND ITS RESIDENTIAL FACILITIES SO THAT IT CAN CARE FOR ADDITIONAL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sommerdorf Secretary | OfficerTrustee | 1 | $0 |
Matt Goins Board Member | Trustee | 1 | $0 |
Thomas Odom Chairman | OfficerTrustee | 1 | $0 |
Tim Murphy Board Member | Trustee | 1 | $0 |
John Mitten Treasurer | OfficerTrustee | 1 | $0 |
David Harper Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dunham And Company Marketing/fundraising Consultants | 6/29/22 | $383,963 |
Backwoods Bridges Construction | 6/29/22 | $141,760 |
Dunham And Company Marketing/fundraising Consultants | 6/29/22 | $383,963 |
Backwoods Bridges Construction | 6/29/22 | $141,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $175,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,908,557 |
| Noncash contributions included in lines 1a–1f | $3,152,331 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,083,557 |
| Total Program Service Revenue | $0 |
| Investment income | $43,736 |
| 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 | $8,373,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,057,341 |
| 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. | $155,574 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $905,291 |
| Pension plan accruals and contributions | $40,946 |
| Other employee benefits | $287,926 |
| Payroll taxes | $87,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,000 |
| Advertising and promotion | $285,105 |
| Office expenses | $214,819 |
| Information technology | $42,293 |
| Royalties | $0 |
| Occupancy | $261,819 |
| Travel | $160,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $439,642 |
| Insurance | $159,412 |
| All other expenses | $59,844 |
| Total functional expenses | $6,811,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,576,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,993,155 |
| Investments—publicly traded securities | $2,114,532 |
| Investments—other securities | $108,925 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,812,534 |
| Accounts payable and accrued expenses | $49,553 |
| 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 | $475,471 |
| Total liabilities | $49,553 |
| Net assets without donor restrictions | $12,380,507 |
| Net assets with donor restrictions | $1,382,474 |
| 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 | $13,812,534 |
Grants Awarded
Over the last fiscal year, Hope International Ministries Inc has awarded $856,755 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE OF HONDURAS PURPOSE: Cash grant to assist children's home in Honduras purchase food, clothing and medical care for abused and abandoned children. | $25,000 |
GOODKIDS VILLAGE INC PURPOSE: Thrift store goods | $831,755 |