Hope Resources
- Assets
- $132.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coloma, MI
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4103453
Organization Overview
Hope Resources is located in Coloma, MI. The organization was established in 2017. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Resources 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, Hope Resources generated $59.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $49.3k during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
FOOD PANTRY AND CLOTHING DEPOT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ott Treasurer | 0 | $0 | |
Pamela Quinn President | 0 | $0 | |
Shery Meyer Secretary | 0 | $0 | |
Michelle Moffett Director- Me | 0 | $0 | |
Carole Sternaman Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,867 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $39 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $300 |
| Total Revenue | $59,206 |
| 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 | $4,035 |
| Occupancy, rent, utilities, and maintenance | $17,731 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,573 |
| Total expenses | $49,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,789 |
| Other assets | $0 |
| Total assets | $132,764 |
| Total liabilities | $41,019 |
| Net assets or fund balances | $91,745 |