Fountain Of Hope Ministries
- Assets
- $643.8k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Maryville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 88-3698528
Organization Overview
Fountain Of Hope Ministries is located in Maryville, TN. Fountain Of Hope Ministries 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 12/2023, Fountain Of Hope Ministries generated $1.7m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 229.0% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH MEN WHO ARE ADDICTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR 2023 FOUNTAIN OF HOPE MINISTRIES SEEN 13 STUDENTS GRADUATE THE YEAR LONG PROGRAM. WE PURCHASED A NEW BUILDING THAT WE WILL BE MOVING INTO IN APRIL OF 2024. WE HAVE DONE NUMEROUS EVENTS IN THE COMMUNITY WHERE WE HAVE MADE A BIG IMPACT IN THE HOMELESS COMMUNITY IN KNOXVILLE. WE SAW FAMILIES RESTORED THAT SEEMED DOOMED BECAUSE OF ADDICTION. WE WHERE ABLE TO HELP 10 STUDENTS GET THEIR DRIVERS LICENSE BACK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Mcgee President | Trustee | 40 | $98,800 |
Shana Mcgee Secretary | Trustee | 40 | $73,100 |
Larry Hill Treasurer | Trustee | 15 | $10,900 |
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 | $1,713,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,713,836 |
| 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 | $1,713,836 |
| 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. | $182,800 |
| Compensation of current officers, directors, key employees. | $182,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,122 |
| 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 | $21,137 |
| Advertising and promotion | $173,624 |
| Office expenses | $65,551 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,449 |
| Travel | $202,620 |
| 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 | $1,337 |
| Insurance | $29,608 |
| All other expenses | $142,925 |
| Total functional expenses | $1,413,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,839 |
| 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 | $0 |
| Net Land, buildings, and equipment | $481,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,788 |
| Accounts payable and accrued expenses | $729 |
| Grants payable | $0 |
| Deferred revenue | $14,519 |
| 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 | $324,778 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $340,026 |
| Net assets without donor restrictions | $303,762 |
| 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 | $643,788 |