New Hope Ministries
- Assets
- $41.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Heflin, AL
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 63-1287060
Organization Overview
New Hope Ministries is located in Heflin, AL. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hope Ministries 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 12/2022, New Hope Ministries generated $176.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $99.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickey Davis President | 40 | $24,000 | |
Jerry Davis Vice President | 15 | $0 | |
Michelle Connell Secretary | 15 | $0 | |
Cheyenne Connell Treasurer | 15 | $0 | |
Ben Davis Board Member | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,819 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $176,819 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,515 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $45,211 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,411 |
| Total expenses | $99,137 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,663 |
| Other assets | $0 |
| Total assets | $41,663 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,663 |