Hope Institute
- Assets
- $613.4k
- Revenue
- $752.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Mountain Brook, AL
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 82-0827951
Organization Overview
Hope Institute is located in Mountain Brook, AL. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Hope Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Institute 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 12/2021, Hope Institute generated $752.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $657.5k during the year ending 12/2021. While expenses have increased by 39.9% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOPE INSTITUTE IS A 501(C)(3) INSTITUTION WHICH PARTNERS WITH SAMFORD UNIVERSITY'S ORLEAN BEESON SCHOOL OF EDUCATION TO HELP BRING SCHOOLS IN ALABAMA THE BEST PRACTICES FOR DEVELOPING GOOD CHARACTER IN STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPE LEADERSHIP ACADEMY IS THE HOPE INSTITUTE'S FLAGSHIP INITIATIVE TO PARTNER WITH SCHOOLS TO DEVELOP STUDENTS INTO PEOPLE OF CHARACTER. AVAILABLE TO K-12 SCHOOLS IN ALABAMA, THE HOPE LEADERSHIP ACADEMY IS DESIGNED TO INSPIRE TRANSFORMATIONAL CHANGE BY INTRODUCING ADMINISTRATOR AND EDUCATOR TEAMS TO THE PROCESS OF BUILDING A CHARACTER-FOCUSED SCHOOL CULTURE. THIS ENERGIZING, THREE-YEAR PROCESS LETS PARTICIPANTS LEARN FROM NATIONAL CHARACTER EDUCATION LEADERS, CONCENTRATE ON THE CULTURE OF THEIR SCHOOL, DESIGN CHARACTER DEVELOPMENT PLANS FOR THEIR SCHOOL, VISIT SCHOOLS WITH CHARACTER PROGRAMS ALREADY IMPLEMENTED, AND NETWORK WITH OTHER SCHOOL LEADERS. THIS PROCESS WORKS FOR ANY SCHOOL IN ANY SETTING. THROUGH DAY-LONG WORKSHOPS AND ON-SITE CONSULTING THAT HELPS INFORM COMMUNITY NEEDS AND SCHOOL DEMOGRAPHICS, PARTICIPANTS APPLY LEARNED CONCEPTS TO THEIR SCHOOL. BECAUSE OF THIS, EVERY SCHOOL INVOLVED IS IMPLEMENTING NEW STRATEGIES IN WAYS THAT WORK FOR THEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drayton Nabers Chairman | OfficerTrustee | 5 | $0 |
Cathy Randall Secretary | OfficerTrustee | 0.5 | $0 |
Lance Black Treasurer | OfficerTrustee | 0.5 | $0 |
Kevin Walsh Board Member | Trustee | 0.5 | $0 |
Pam Smith Board Member | Trustee | 0.5 | $0 |
Caroline Novak Board Member | Trustee | 0.5 | $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 | $553,769 |
| Noncash contributions included in lines 1a–1f | $41,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,769 |
| Total Program Service Revenue | $171,737 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $752,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,239 |
| 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 | $179,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,848 |
| Office expenses | $15,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,300 |
| Travel | $1,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,264 |
| Interest | $23 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,187 |
| All other expenses | $435 |
| Total functional expenses | $657,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,825 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,415 |
| Accounts payable and accrued expenses | $15,232 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,519 |
| Total liabilities | $21,751 |
| Net assets without donor restrictions | $580,327 |
| Net assets with donor restrictions | $11,337 |
| 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 | $613,415 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hope Institute has recieved totaling $78,000.
| Awarding Organization | Amount |
|---|---|
Protective Life Foundations Birmingham, AL PURPOSE: 2021 HOPE LEADERSHIP ACADEMY | $40,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $28,000 |
Altec-Styslinger Foundation Inc Birmingham, AL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camelot Community Care Inc Clearwater, FL | $22,153,468 | $83,026,188 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |