Place Of Hope Inc
- Assets
- $1.7m
- Revenue
- $783.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Columbia, TN
- Founding
- 10/1988
- Data as of
- 06/2023
- EIN
- 62-1327713
Organization Overview
Place Of Hope Inc is located in Columbia, TN. The organization was established in 1988. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Place Of Hope Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Place Of 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 06/2023, Place Of Hope Inc generated $783.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $844.0k during the year ending 06/2023. While expenses have increased by 8.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE EXCELLENT ALCOHOL AND DRUG TREATMENT PROGRAMS AND SERVICES, TEMPORARY SHELTER FOR THE HOMELESS, AND FOOD FOR THE HUNGRY, IN A CARING, CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS OF THE ORGANIZATION ARE DESIGNED TO PROVIDE EXCELLENT ALCOHOL AND DRUG TREATMENT PROGRAMS AND SERVICES, TEMPORARY SHELTER FOR THE HOMELESS, AND FOOD FOR THE HUNGRY, IN A CARING, CHRISTIAN ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Coupe Presidentexecutive Director | OfficerTrustee | 40 | $89,012 |
Sylvia Nelson Director | Trustee | 1 | $0 |
Marty Stuart Director | Trustee | 1 | $0 |
Chad Custer Director | Trustee | 1 | $0 |
Shannon Tyler Director | Trustee | 1 | $0 |
Connie Smith Stuart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $487,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,621 |
| Total Program Service Revenue | $0 |
| Investment income | $15,044 |
| 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 | $783,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $89,012 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,273 |
| Office expenses | $5,721 |
| Information technology | $440 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,745 |
| Insurance | $63,404 |
| All other expenses | $85,612 |
| Total functional expenses | $843,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $123,593 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,225,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,465 |
| Total assets | $1,735,452 |
| Accounts payable and accrued expenses | $6,399 |
| 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 | $0 |
| Total liabilities | $6,399 |
| Net assets without donor restrictions | $1,729,053 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,735,452 |