Providing Hope Va
- Assets
- $1.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Loris, SC
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-5378097
Organization Overview
Providing Hope Va is located in Loris, SC. The organization was established in 2018. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Providing Hope VA employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providing Hope VA 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, Providing Hope VA generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 46.1% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIEF FOR VETERAN HARDSHIPS. HELPING WITH EVICTIONS, FORECLOSURES, UTILITIES, INSURANCE COST, MEDICAL COST, ETC.
RELIEF FOR VETERAN HARDSHIPS WITH PAYMENTS FOR EVICTION, FORECLOSURE UTILITY SHUTOFF, CAR, INSURANCE, DEPOSIT, MEDICAL, ETC
VETERAN VACATIONS - OFFERING VACATIONS FOR ACTIVE DUTY SERVICE MEMBERS AND THEIR FAMILIES.
VACATIONS FOR ACTIVE DUTY SERVICEMEMBERS AND THEIR FAMILIES GRANTS FOR TRAVEL ASSISTANCE TO/FROM LOCATION
HONOR THE FALLEN. PRAYING FOR COMMUNITY OUTREACH.
GRANTS TO SUPPORT VETERAN FOCUSED AND COMMUNITY ORGANIZATIONS VETERAN TRANSPORT AND OUTREACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Arehart President | OfficerTrustee | 50 | $390,000 |
Albert Woodin Senior Vice President | Officer | 2 | $0 |
Ivo Kellum Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $118,809 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,433,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,552,173 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,559,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,000 |
| Grants and other assistance to domestic individuals. | $130,997 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $390,000 |
| Compensation of current officers, directors, key employees. | $117,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,262 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,313 |
| Advertising and promotion | $372,117 |
| Office expenses | $22,481 |
| Information technology | $19,881 |
| Royalties | $0 |
| Occupancy | $117,259 |
| Travel | $35,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,197 |
| Interest | $14,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,882 |
| Insurance | $2,140 |
| All other expenses | $50,518 |
| Total functional expenses | $3,518,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,397 |
| Savings and temporary cash investments | $54,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $4,575 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,500 |
| Prepaid expenses and deferred charges | $130,700 |
| Net Land, buildings, and equipment | $1,133,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,534,177 |
| Accounts payable and accrued expenses | $5,086 |
| 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 | $94,472 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $99,558 |
| Net assets without donor restrictions | $0 |
| 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 | $1,434,619 |
| Total liabilities and net assets/fund balances | $1,534,177 |
Grants Awarded
Over the last fiscal year, Providing Hope Va has awarded $85,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL FORCES ASSOCIATION PURPOSE: SCHOLARSHIP | $50,000 |
MONTANA VETERANS FOUNDAT PURPOSE: VETERAN SUPPORT | $15,000 |
MT WARRIORS ON THE WATER PURPOSE: VETERAN SUPPORT | $5,000 |
MT WOUNDED WARRIORS PURPOSE: VETERAN SUPPORT | $5,000 |
THE FAMILY LIFE CENTER PURPOSE: COMMUNITY HOMELESS SUPPORT | $5,000 |
LORIS CHAMBER PURPOSE: COMMUNITY SUPPORT | $5,000 |