Cleveland Hope Exchange Inc
- Assets
- $36.7k
- Revenue
- $836.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairview Park, OH
- Founding
- 08/2019
- Data as of
- 12/2020
- EIN
- 83-4314074
Organization Overview
Cleveland Hope Exchange Inc is located in Fairview Park, OH. The organization was established in 2019. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Hope Exchange Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING DONATED FOOD GOODS AND FINANCIAL RESOURCES TO ALLEVIATE POVERTY AND HOMELESSNESS IN THE LOCAL COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DISTRIBUTED OVER 300,000LBS OF FRESH AND DRY FOODS, AND ESSENTIAL CONSUMER GOODS, AND HYGIENE PRODUCTS TO THE LOCAL COMMUNITY BASED SOLELY ON ITEMS DONATED FROM OTHER ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS. THE ORGANIZATION WORKED IN PARTNERSHIP WITH CHURCHES AND LOCAL RELIGIOUS ORGANIZATIONS TO DISTRIBUTE THESE ITEMS FREELY TO THOSE IN NEED AND IMPOVERISHED IN THE COMMUNITY. PLEASE SEE SCHEDULE I FOR A LENGTHY BREAKDOWN OF ALL THE DONATED FOOD AND CONSUMER GOODS DISTRIBUTED TO THE COMMUNITY AS PART OF THE ORGANIZATION'S PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Klint Executive Director | $65,000 | ||
Jim Wilkes Chairman | Trustee | 15 | $0 |
Teresa Lindsey Board Member | Trustee | 10 | $0 |
Sylvia Colon Board Member | Trustee | 10 | $0 |
Freddy Diaz Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,039 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $834,398 |
| Noncash contributions included in lines 1a–1f | $747,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $836,437 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $747,670 |
| 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 | $0 |
| 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 | $8,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,136 |
| Advertising and promotion | $4,068 |
| Office expenses | $751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20 |
| 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 | $1,219 |
| All other expenses | $0 |
| Total functional expenses | $822,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,500 |
| Savings and temporary cash investments | $27,177 |
| 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 | $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 | $36,677 |
| Accounts payable and accrued expenses | $3,738 |
| 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 | $3,738 |
| Net assets without donor restrictions | $32,939 |
| 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 | $36,677 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cleveland Hope Exchange Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Grace Brethren Investment Foundation Inc Winona Lake, IN | $110,003,022 | $4,308,354 |
Ancient Faith Ministries Chesterton, IN | $2,111,722 | $3,110,597 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Aloysius J & Eugene F Franz Foundation For The Congregation Of Philadelphia, PA | $37,003,968 | $4,802,225 |
The Jewish Vocational Service Foundation Inc Cincinnati, OH | $10,732,205 | $3,438,793 |
Ec Edwards Trust Fbo Leipsic Methodist 20 102110469460 Brooklyn, OH | $5,821,661 | $643,396 |
Eastern Star Jewel Human Services Corporation Indianapolis, IN | $15,251,442 | $10,957,782 |
John H Williams Uia Fbo Churches Grand Rapids, MI | $0 | $223,371 |