Hope Outreach Inc
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Enid, OK
- Founding
- 05/1993
- Data as of
- 12/2020
- EIN
- 73-1387403
Organization Overview
Hope Outreach Inc is located in Enid, OK. The organization was established in 1993. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2020, Hope Outreach Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Outreach 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 12/2020, Hope Outreach Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF EMPOWERING PEOPLE TOWARD RESPONSIBLE LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPTOWN BARGAIN SPOT - THIS THRIFT STORE PROVIDES CLOTHING, FURNITURE AND HOUSEHOLD GOODS TO STORE PATRONS. IT IS A COMMUNITY NETWORK FOR REDISTRIBUTION OF AVAILABLE RESOURCES.
COMMUNITY CARE - ENABLING THOSE IN NEED TO PROVIDE FOR THEMSELVES BY VOLUNTEERING IN EXCHANGE FOR EMERGENCY NEEDS SUCH AS CLOTHING, FOOD, GASOLINE, MEDICINE AND HOUSEHOLD GOODS.
FAMILY RESOURCE CENTER - PROVIDING PARENTING SERVICES FOR EXPECTING MOTHERS AND FATHERS, NEW PARENTS AND NON TRADITIONAL FAMILIES. THEY ALSO PROVIDE PARENTING CLASSES TO FULFILL COURT ORDERS AND DHS REQUIREMENTS.
TRANSITIONAL HOUSING MINISTRY - PROVIDING SUPPORTIVE HOUSING AND ASSISTANCE, ALONG WITH LIFE SKILLS DEVELOPMENT AND SPIRITUAL GUIDANCE TO THOSE RECENTLY RELEASED FROM CORRECTIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Lohman Executive Di | OfficerTrustee | 40 | $76,227 |
Aaron Abbott Vice Chair | OfficerTrustee | $0 | |
James Clark Member | OfficerTrustee | $0 | |
Chad Forbeck Chairman Of | OfficerTrustee | $0 | |
Andrea French Treasurer | OfficerTrustee | $0 | |
Merl Cordray III Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,905 |
| Total Program Service Revenue | $866,292 |
| Investment income | $3,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,126,931 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,398 |
| Insurance | $32,521 |
| All other expenses | $0 |
| Total functional expenses | $1,005,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,865 |
| Savings and temporary cash investments | $144,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,677 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,075,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,681,172 |
| Accounts payable and accrued expenses | $0 |
| 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 | $308,447 |
| Other liabilities | $90,753 |
| Total liabilities | $399,200 |
| Net assets without donor restrictions | $0 |
| 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 | $1,281,972 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,681,172 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Outreach Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Sarkeys Foundation Norman, OK PURPOSE: HOPE OUTREACH TRANSITIONAL HOUSING (NEW HOUSE) FURNISHINGS | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Of Northeast Kansas Inc Overland Park, KS | $7,644,669 | $19,984,016 |
Community Council Of Greater Dallas Dallas, TX | $4,744,328 | $19,419,389 |
Nueces County Community Action Agency Corpus Christi, TX | $6,907,131 | $19,554,955 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Lulac Project Amistad El Paso, TX | $13,396,414 | $20,646,890 |
Youth And Family Alliance Austin, TX | $17,411,303 | $18,334,235 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Economic Opportunities Advancement Corporation Of Planning Region Xi Waco, TX | $7,841,884 | $18,666,042 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
High Plains Christian Ministries Foundation Amarillo, TX | $595,357,596 | $31,544,091 |