The Gift Of Hope Foundation Inc is located in Roswell, GA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift Of Hope Foundation 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 12/2022, Gift Of Hope Foundation Inc generated $2.6m 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 (42.3%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gift Of Hope Foundation Inc has awarded 206 individual grants totaling $25,518,180. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary W Fink Director, VP | 5 | $0 | |
Robert M Fink Director, President | 45 | $0 | |
Robert M Fink Jr Director, VP | 5 | $0 | |
Elizabeth Griffin Director, Secretary | 5 | $0 | |
Laura Nix ESQ Director, VP | 5 | $0 | |
Donna Vassil Director, Treasury | 40 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wells Fargo | 12/30/22 | $0 |
Bennett Thrasher | 12/30/22 | $0 |
Morgan Stanley | 12/30/22 | $0 |
Truist | 12/30/22 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,000,000 |
Interest on Savings | $82,505 |
Dividends & Interest | $825,847 |
Net Rental Income | $3,000,000 |
Net Gain on Sale of Assets | -$2,349,553 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $2,558,799 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $62,263 |
Other employee salaries and wages | $495,313 |
Pension plans, employee benefits | $0 |
Interest | $26,321 |
Taxes | $25,475 |
Depreciation | $392,308 |
Occupancy | $0 |
Travel, conferences, and meetings | $2,002 |
Printing and publications | $0 |
Other expenses | $358,874 |
Total operating and administrative expenses | $1,362,556 |
Contributions, gifts, grants paid | $4,021,224 |
Total expenses and disbursements | $5,383,780 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,954,078 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $27,907,693 |
Other assets | $231,014 |
Total assets | $64,443,284 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $1,761,014 |
Total liabilities | $1,761,014 |
Over the last fiscal year, The Gift Of Hope Foundation Inc has awarded $4,021,224 in support to 21 organizations.
Grant Recipient | Amount |
---|---|
ANNADALE VILLAGE PURPOSE: GENERAL PURPOSE FUND | $5,000 |
BRIAN JORDAN FOUNDATION PURPOSE: GENERAL PURPOSE FUND | $3,000 |
ASHLEY ADDICTION TREATMENT CENTER PURPOSE: GENERAL PURPOSE FUND | $4,353 |
COURAGE FOR LIFE PURPOSE: GENERAL PURPOSE FUND | $170,000 |
COVENANT HOUSE PURPOSE: GENERAL PURPOSE FUND | $1,000,000 |
CRISTO REY ATLANTA JESUIT SCHOOL PURPOSE: GENERAL PURPOSE FUND | $181,013 |