One Shred Of Hope
- Assets
- $173.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, MS
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 81-4832832
Organization Overview
One Shred Of Hope is located in Clinton, MS. The organization was established in 2017. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Shred Of Hope 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, One Shred Of Hope generated $69.7k 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 (5.7%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2022. 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
WAGES OF $53,054 FOR DISABLED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cummins Sect Treasure | 0 | $0 | |
Bobby Dungan Vice President | 0 | $0 | |
Tom R Stafford President | 0 | $0 | |
Bob B Gilmore Director | 0 | $0 | |
David Valentine Director | 0 | $0 | |
Hugh T Cottrell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,135 |
| Total Program Service Revenue | $41,589 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,724 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,054 |
| Professional fees and other payments to independent contractors | $1,350 |
| Occupancy, rent, utilities, and maintenance | $9,708 |
| Printing, publications, postage, and shipping | $785 |
| Other expenses | $5,602 |
| Total expenses | $70,499 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,053 |
| Other assets | $0 |
| Total assets | $173,696 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,696 |