Ihope Inc
- Assets
- $7.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 03/2016
- Data as of
- 12/2019
- EIN
- 81-0791117
Organization Overview
Ihope Inc is located in Carmel, IN. The organization was established in 2016. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., 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. Ihope 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 12/2019, Ihope Inc generated $152.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $160.5k during the year ending 12/2019. While expenses have increased by 6.4% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
MAINTAINING A FACILITY TO GATHER THOSE WHO SEEK TO WORSHIP GOD AND PRAY FOR THE COMMUNITY TOGETHER. TO SPREAD THE WORD OF GOD TO THOSE WHO SEEK IT AND TO FURTHER EDUCATE THOSE GATHERED ON BIBLICAL TEACHINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Adams President | 40 | $79,201 | |
Lisa Flake Vice President | 10 | $12,172 | |
Sally Adams Director | 10 | $0 | |
S Randy Gooder Director | 10 | $0 | |
Jonathan Tremaine Thomas Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,894 |
| 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 | $152,894 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,738 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,108 |
| Other expenses | $89,694 |
| Total expenses | $160,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,924 |
| Other assets | $0 |
| Total assets | $7,406 |
| Total liabilities | $413 |
| Net assets or fund balances | $6,993 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ihope Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillel The Foundation For Jewish Campus Life Madison, WI | $20,522,929 | $728,907 |
Newman Connection Inc Teutopolis, IL | $759,734 | $1,512,850 |
Harrison Center For The Arts Inc Indianapolis, IN | $3,906,495 | $1,400,316 |
Chaplains In Schools Inc Milwaukee, WI | $130,742 | $527,877 |
St Josaphat Basilica Foundation Inc Milwaukee, WI | $586,529 | $430,521 |
The Lorraine Allen And Rita Mae Allen Family Foundation Vandalia, IL | $3,736,913 | $105,502 |
Be Still Inc Plainfield, WI | $259,032 | $296,933 |
Davids Well Incorporated Noblesville, IN | $192,816 | $347,815 |
Our Sorrowful Mothers Ministry Vandalia, IL | $964,845 | $440,732 |
Biblical Counseling Coalition Inc Lafayette, IN | $73,764 | $250,024 |
Unity Temple Restoration Foundation Oak Park, IL | $997,141 | $256,467 |
Ihope Inc Carmel, IN | $7,406 | $0 |