Hope Worldwide Ltd
- Assets
- $212.7k
- Revenue
- $388.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Framingham, MA
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 82-5498667
Organization Overview
Hope Worldwide Ltd is located in Framingham, MA. The organization was established in 1995. As of 12/2021, Hope Worldwide Ltd employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hope Worldwide Ltd 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 Worldwide Ltd generated $388.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $333.9k 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
TO CHANGE LIVES THROUGH COMPASSION & COMMITMENT TO DELIVER NEED-BASED SERVICES TO THE NEEDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRAMINGHAM FOOD PANTRY - A FOOD PANTRY THAT IS A MEMBER OF THE GREATER BOSTON FOODBANK, THAT SERVICES 300 - 500 FAMILIES IN THE METROWEST AREA LOCATED IN FRAMINGHAM MASSACHUSETTS.
HOOPS FOR HOPE - TWO SEPARATE FUNDRAISERS, ONE FOR ADULTS (24 HOURS OF BASKETBALL) AND ONE FOR TEENS (12 HOURS OF BASKETBALL) TO RAISE MONEY FOR THE CAMBODIAN HEALTH INITIATIVE, WHICH INCLUDES SUPPORTING 2 FREE HOSPITALS IN CAMBODIA, AND SUPPORT FOR HOPE WORLDWIDE, LTD.
HOPE GOLF CLASSIC - CORPORATE GOLF TOURNAMENT AND FUNDRAISER TO SUPPORT SATURDAY ACADEMY PROGRAM, BOSTON TEEN POLICE ACADEMY, DCF SUPPORT PROGRAMS, HOPE WORLDWIDE - MASSACHUSETTS AND HOPE WORLDWIDE, LTD.
WALK FOR HOPE FUNDRAISER TO SUPPORT FOOD INSECURITY PROGRAMS, PANTRIES AND HOPE WORLDWIDE - MA, WORLD CUP SOCCER FUNDRAISER TO SUPPORT INT'L MEDICAL BRIGADES, BOSTON TEEN POLICE ACADEMY - A PROGRAM TO IMPROVE THE RELATIONSHIP BETWEEN INNER CITY TEENS/YOUNG ADULTS AND THE POLICE, SATURDAY ACADEMY - AN EDUCATIONAL SUPPORT PROGRAM FOR UNDERPRIVILEGED CHILDREN, MLK SCHOLARSHIP FUND PROGRAM - SCHOLARSHIPS FOR ELIGIBLE DCF PROGRAM KIDS GOING TO COLLEGE, DCF PARTIES AND SOCIAL EVENTS - TO SUPPORT DCF PROGRAM CHILDREN IN MA, INT'L MEDICAL BRIGADES - FUNDING FOR MEDICAL BRIGADES TO HONDURAS AND GUATEMALA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Lowey Director, President | OfficerTrustee | 1 | $0 |
Obiageli Ukadike Director, Clerk | OfficerTrustee | 1 | $0 |
Milton Drake Director | Trustee | 1 | $0 |
Michael Lamb Director | Trustee | 1 | $0 |
Dave Malutinok Director | Trustee | 1 | $0 |
Debbie Drake Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,336 |
| Membership dues | $0 |
| Fundraising events | $260,943 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,972 |
| Noncash contributions included in lines 1a–1f | $63,393 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,251 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$68,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,646 |
| Grants and other assistance to domestic individuals. | $4,600 |
| 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 | $10,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,772 |
| Advertising and promotion | $20,752 |
| Office expenses | $6,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $4,981 |
| 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 | $2,619 |
| Insurance | $854 |
| All other expenses | $0 |
| Total functional expenses | $333,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,021 |
| Savings and temporary cash investments | $185,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,452 |
| 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 | $11,093 |
| Net Land, buildings, and equipment | $6,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $212,689 |
| Accounts payable and accrued expenses | $8,003 |
| 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 | $0 |
| Total liabilities | $8,003 |
| Net assets without donor restrictions | $133,569 |
| Net assets with donor restrictions | $71,117 |
| 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 | $212,689 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hope Worldwide Ltd has recieved totaling $16,761.
| Awarding Organization | Amount |
|---|---|
Charles N And Christina T Stolper Foundation Inc Austin, TX PURPOSE: FURTHER CHARITABLE PURPOSES | $13,500 |
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $311 |
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $200 |
Peer Organizations
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|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Urs Federal Support Services Inc Veba Trust Welfare Benefits Plan Boston, MA | $7,183,166 | $100,020,557 |
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |