Discovering Hope Foundation is located in Orchard Lake, MI. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovering Hope Foundation 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, Discovering Hope Foundation generated $61.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (58.8%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (53.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Discovering Hope Foundation has awarded 25 individual grants totaling $279,000. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David W Drews President, S | 0 | $0 | |
Lisa R Drews V President, | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $46,669 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $9,938 |
Capital Gain Net Income | $9,938 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $5,043 |
Total Revenue | $61,650 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,072 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $10,627 |
Contributions, gifts, grants paid | $96,500 |
Total expenses and disbursements | $107,127 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,001 |
Savings and temporary cash investments | $27,131 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,439,384 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Discovering Hope Foundation has awarded $96,500 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
KIRK IN THE HILLS CHURCH PURPOSE: RELIGIOUS EDUCATION | $47,500 |
Ann Arbor, MI PURPOSE: HIGHER EDUCATION | $25,000 |
Detroit, MI PURPOSE: CANCER RESEARCH | $10,000 |
THE JUDSON CENTER PURPOSE: CREATE BETTER FUTURE FOR MI CHILDRN | $8,000 |
Sanibel, FL PURPOSE: SOCIAL SERVICES FOR SANIBEL FL | $2,500 |
Pontiac, MI PURPOSE: SOCIAL CHANGE THRU MUSIC | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |