Hope For More Foundation Inc
- Assets
- $107.9k
- Revenue
- $577.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Maitland, FL
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-3599112
Organization Overview
Hope For More Foundation Inc is located in Maitland, FL. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For More 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 12/2023, Hope For More Foundation Inc generated $577.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $568.8k during the year ending 12/2023. While expenses have increased by 51.7% 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.
Since 2022, Hope For More Foundation Inc has awarded 13 individual grants totaling $573,131. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IDENTIFY AND FUND OUTSTANDING NONPROFITS IN OUR COMMUNITY TO FURTHER THEIR EFFORTS IN OUTREACH, ADVOCACY AND FUNDRAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPE FOR MORE FOUNDATION HAS ACCOMPLISHED ITS FUNDRAISING GOALS BY UTILIZING ITS RESOURCES AND VOICE IN OUR LOCAL COMMUNITY VIA OUR SIGNATURE EVENTS, THE ANTI-GALA, FASHION AND HOPE FASHION SHOW, ANTI-GOLF TOURNAMENT, AND THE ANTI-HUNGER HOLIDAY FOOD DRIVE. ADDITIONAL GROWTH HAS BEEN ACCOMPLISHED WITH THE ADDITION OF BOARD MEMBERS AND FUNDRAISING EVENTS INCLUDING A POKER TOURNAMENT, DADDY/DAUGHTER DANCE, AND VARIOUS OTHER SMALL COMMUNITY EVENTS. ALL FUNDS RAISED ARE DISTRIBUTED VIA GRANTS TO LOCAL CENTRAL FLORIDA NONPROFIT ORGANIZATIONS IN NEED OF FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Haines President | OfficerTrustee | 1 | $0 |
Jr Tanghal Vice Preside | OfficerTrustee | 1 | $0 |
Annamarie Montisano Secretary | OfficerTrustee | 1 | $0 |
Nikki Basso Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Eva Lee Board Member | Trustee | 1 | $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 | $531,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,920 |
| Total Program Service Revenue | $0 |
| Investment income | $412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $577,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $383,131 |
| 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 | $11,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,645 |
| Office expenses | $1,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $650 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,298 |
| All other expenses | $6,023 |
| Total functional expenses | $568,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,446 |
| Savings and temporary cash investments | $35,462 |
| Pledges and grants receivable | $0 |
| 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 | $1,000 |
| 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 | $107,908 |
| Accounts payable and accrued expenses | $0 |
| 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 | $75,219 |
| Total liabilities | $75,219 |
| Net assets without donor restrictions | $32,689 |
| 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 | $107,908 |
Grants Awarded
Over the last fiscal year, Hope For More Foundation Inc has awarded $383,131 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE FAINE HOUSE | | | $65,000 |
NEW HOPE FOR KIDS | | | $20,000 |
ADVENT HEALTH FOUNDATION | | | $37,103 |
MISC GRANTS | | | $141,028 |
URBAN THINK FOUNDATION | | | $50,000 |
RIPITT FOUNDATION | | | $50,000 |