Serving Hope Inc
- Assets
- $485.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Huntsville, AL
- Founding
- 04/2017
- Data as of
- 12/2020
- EIN
- 81-2023948
Organization Overview
Serving Hope Inc is located in Huntsville, AL. The organization was established in 2017. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2020, Serving Hope Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serving Hope 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, Serving Hope Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $691.8k during the year ending 12/2020. While expenses have increased by 41.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SERVING HOPE, INC.'S MISSION IT TO INSTILL HOPE AND TEACH A NEW WORK SKILL SET FOR LASTING EMPLOYMENT IN THE FOOD AND HOSPITALITY INDUSTRY TO INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING HOPE, INC.'S FOCUS IS ON RESTORING EACH STUDENT INDEPENDENTLY AND IN SO DOING BRINGING ABOUT COMMUNITY RESTORATION THROUGH THAT INDIVIDUAL'S SUCCESS. SEEKS TO TEACH THE UNDERSERVED CITIZENS OF HUNTSVILLE AND GREATER MADISON COUNTY LIFE AND JOB SKILLS THROUGH HANDS-ON INSTRUCTIONS IN A FUNCTIONING CAFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Hart Director Of Operations | Officer | 40 | $73,731 |
Robin Gilbert Executive Director | Officer | 40 | $30,000 |
Rick Vonk Serving Hope Chef | Officer | 2 | $0 |
Julie Macmurray Treasurer | Trustee | 2 | $0 |
Ecleave Jackson Secretary | Trustee | 2 | $0 |
Timothy Allsopp Chairperson | Trustee | 2 | $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 | $26,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,708 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,002,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,029,450 |
| 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 | $401,462 |
| Pension plan accruals and contributions | $33,419 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,968 |
| Office expenses | $15,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,467 |
| Travel | $13,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,591 |
| Insurance | $28,334 |
| All other expenses | $15,957 |
| Total functional expenses | $691,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$39,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,444 |
| Net Land, buildings, and equipment | $174,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,844 |
| Total assets | $485,504 |
| Accounts payable and accrued expenses | $46,953 |
| 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 | $35,678 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,631 |
| Net assets without donor restrictions | $402,873 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $485,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Serving Hope Inc has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
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|---|---|---|
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Atlanta Speech School Inc Atlanta, GA | $105,924,715 | $24,977,187 |
Learning Tree Inc Mobile, AL | $13,575,591 | $30,944,121 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
Cares Center Inc Jackson, MS | $2,449,159 | $17,114,688 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |
Buffalo River Services Inc Waynesboro, TN | $4,974,303 | $6,349,506 |