Next Towns Foundation Inc
- Assets
- $248.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Helotes, TX
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 74-3024225
Organization Overview
Next Towns Foundation Inc, operating under the name Hope Outreach China, is located in Helotes, TX. 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. Hope Outreach China 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 12/2023, Hope Outreach China generated $15.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.1%) each year. All expenses for the organization totaled $34.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (23.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND OPERATE CHRISTIAN ORPANAGES IN SEVERLY POOR ECONOMIC AREAS IN FOREIGN COUNTRIES. CURRENT WORK IS IN THE PEOPLES REPUBLIC OF CHINA, SPECIFICALLY IN HENAN AND JIANGSU PROVINCES. IN ADDITION, THE ORGANIZATION ENCOURAGES WOMEN IN THE SAN ANTONIO AREA TO JOIN TOGETHER
Describe the Organization's Program Activity:
Part 3
HOPE OUTREACH CHINA PROVIDED HOUSING, FOOD, CLOTHING, EDUCATION, MEDICAL CARE, PSYCHOLOGICAL EVALUATIONS, AND ALL OTHER NEEDS AND SERVICES TO CHILDREN UNDER 19 YEARS OLD.
CITY-WIDE WOMENS PRAYER BROUGHT WOMEN IN THE SAN ANTONIO AREA TOGETHER TO PRAY FOR REVIVAL IN OUR TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Vela President CEO | 4 | $0 | |
Ben Godard Hope Center Director | 0 | $0 | |
Aaron Rodriguez Secretary | 0 | $0 | |
Roland Ashby Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,589 |
| 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 | $15,589 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $475 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $704 |
| Other expenses | $14,803 |
| Total expenses | $34,772 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $248,047 |
| Other assets | $0 |
| Total assets | $248,047 |
| Total liabilities | $0 |
| Net assets or fund balances | $248,047 |