New Hope Foundation Inc
- Assets
- $316.1k
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 05/2001
- Data as of
- 09/2017
- EIN
- 62-1801912
Organization Overview
New Hope Foundation Inc is located in Nashville, TN. The organization was established in 2001. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2017, New Hope Foundation Inc employed 2 individuals. New Hope Foundation 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 09/2017, New Hope Foundation Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.2m during the year ending 09/2017. While expenses have increased by 7.7% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
NEW HOPE FOUNDATION OPERATES NATIONALLY TO EDUCATE THE PUBLIC AND HEALTH CARE PROFESSIONALS ABOUT THE BENEFITS OF HOSPICE AND END OF LIFE CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFIED NURSING ASSISTANT CNA PROGRAM IS OFFERED WITH AN EMPHASIS ON
PUBLIC EDUCATION OF HOSPICE BENEFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farrah Young Chairperson | Trustee | 40 | $94,566 |
Dr Andre Lee Sec/treas | Trustee | 2 | $0 |
Martin L King Board Member | Trustee | 2 | $0 |
Kelvin Jones Board Member | Trustee | 2 | $0 |
Larry Davis Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Direct Mail Processors Direct Mai | 9/29/17 | $128,140 |
Direct Response Consulting Fundraising | 9/29/17 | $378,390 |
Print Mail Group Printing | 9/29/17 | $1,565,113 |
Washington List Mail List | 9/29/17 | $380,178 |
Tri State Envelope Corp Envelopes | 9/29/17 | $2,145,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,243,069 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $139 |
| 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 | $4,243,208 |
| Statement of Expenses | |
|---|---|
| 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. | $94,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,880 |
| Fees for services: Accounting | $27,493 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,341 |
| Office expenses | $0 |
| Information technology | $211,721 |
| Royalties | $0 |
| Occupancy | $16,409 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,813 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,468 |
| All other expenses | $0 |
| Total functional expenses | $4,178,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,555 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,115 |
| Accounts payable and accrued expenses | $966,021 |
| 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 | $966,021 |
| Net assets without donor restrictions | -$649,906 |
| 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 |
| Total liabilities and net assets/fund balances | -$649,906 |
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