Asian Hope
- Assets
- $2.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 40
- Location
- Forest, VA
- Founding
- 07/2001
- Data as of
- 07/2021
- EIN
- 84-1553945
Organization Overview
Asian Hope is located in Forest, VA. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2021, Asian Hope employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian Hope 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 07/2021, Asian Hope generated $4.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $4.7m during the year ending 07/2021. While expenses have increased by 7.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BY ALTERING THE FUTURE OF VULNERABLE CHILDREN IN CAMBODIA THROUGH LIFE CHANGING PROGRAMS OF CHRISTIAN EDUCATION AND COMMUNITY DEVELOPMENT, ASIAN HOPE IS CREATING A GENERATION OF COMPASSIONATE, EQUIPPED, CHRISTIAN LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGE DEVELOPMENT PROGRAM & OUTREACH - EDUCATIONAL OPPORTUNITIES AND LIFE ESSENTIALS ARE PROVIDED TO IMPOVERISHED CHILDREN IN FOUR CAMBODIAN COMMUNITIES.ASIAN HOPE SCHOOLS - TWO PRIVATE INTERNATIONAL CHRISTIAN SCHOOLS ARE OPERATED IN PHNOM PENH, CAMBODIA. THESE SCHOOLS SERVE A WIDE VARIETY OF CHILDREN AND THE CURRICULUM IS DESIGNED TO EQUIP STUDENTS TO BE SPIRITUALLY MATURE, ACADEMICALLY SOUND, AND SOCIALLY RESPONSIBLE.HIGHER EDUCATION AND LEADERSHIP PREPARATION (HELP) - THE HELP PROGRAM IS DEDICATED TO SEEING A NEW GENERATION OF HIGHLY EDUCATED CHRISTIANS TAKING THEIR PLACE IN CAMBODIAN SOCIETY AND WORKPLACES. THIS IS ACCOMPLISHED THROUGH POST-SECONDARY EDUCATION OPPORTUNITIES AND A TEACHER TRAINING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Dolan Secretary | OfficerTrustee | 1 | $0 |
Mike Burch Treasurer | OfficerTrustee | 1 | $0 |
J Rick Casey Chairman | OfficerTrustee | 2 | $0 |
Paul Tesi President & CEO | Officer | 40 | $0 |
Claire Crowe Board Member | Trustee | 1 | $0 |
Scott Wolf 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 | $551,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,532 |
| Total Program Service Revenue | $4,355,372 |
| Investment income | $4,706 |
| 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 | $4,911,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $92,917 |
| Compensation of current officers, directors, key employees. | $17,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,606,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,146 |
| Payroll taxes | $132,091 |
| Fees for services: Management | $58,333 |
| Fees for services: Legal | $4,211 |
| Fees for services: Accounting | $5,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,434 |
| Office expenses | $160,322 |
| Information technology | $8,137 |
| Royalties | $0 |
| Occupancy | $599,884 |
| Travel | $54,190 |
| 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 | $321,393 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,715,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $841,493 |
| Savings and temporary cash investments | $0 |
| 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 | $163,527 |
| Net Land, buildings, and equipment | $806,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $959,604 |
| Total assets | $2,771,563 |
| Accounts payable and accrued expenses | $17,793 |
| Grants payable | $0 |
| Deferred revenue | $7,976 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $110,000 |
| Secured mortgages and notes payable | $162,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,317 |
| Total liabilities | $311,586 |
| Net assets without donor restrictions | $2,459,977 |
| 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 | $2,771,563 |
Grants Awarded
Over the last fiscal year, Asian Hope has awarded $48,494 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: EDUCATION | $24,628 |
Santa Clarita, CA PURPOSE: EDUCATION | $23,866 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asian Hope has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
One Accord Charity Foundation Renton, WA PURPOSE: CHARITY SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Association For Enterprise Opportun Ity Inc Washington, DC | $11,965,213 | $13,346,284 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
Associated Black Charities Inc Baltimore, MD | $5,817,793 | $15,343,076 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of Greater Knoxville Inc Knoxville, TN | $44,188,764 | $10,173,426 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of The Mid-South Memphis, TN | $15,939,575 | $10,736,980 |
United Way Of Greater Chattanooga Chattanooga, TN | $28,378,228 | $9,851,005 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
Tidewater Jewish Foundation Inc Virginia Beach, VA | $49,573,361 | $8,475,302 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |