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.
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 |
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 |