Hope International
- Assets
- $2.4m
- Revenue
- $617.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Marshall, NC
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 91-0774851
Organization Overview
Hope International is located in Marshall, NC. The organization was established in 0000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Hope International employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope International 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 International generated $617.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $603.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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
SPREAD THE TEACHINGS AND DOCTRINES OF THE SEVENTH DAY ADVENTIST CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVANGELISM, SEMINARS, PUBLISHING OF RELIGIOUS NEWSLETTERS, PAMPHLETS, DVD VIDEOS, AND A MAGAZINE IN VARIOUS LANGUAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Olson President | Officer | 40 | $39,040 |
Kaye Finden Olson Treasurer | Officer | 40 | $37,440 |
Mark Storti Director | Trustee | 2 | $916 |
Peggy Banks Secretary | Officer | $0 | |
Jason Barnes Director | Trustee | $0 | |
Timothy Davies Director | Trustee | 2 | $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 | $128,177 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,177 |
| Total Program Service Revenue | $0 |
| Investment income | $39,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,274 |
| Net Gain/Loss on Asset Sales | $4,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $382,500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,937 |
| Grants and other assistance to domestic individuals. | $27,211 |
| Grants and other assistance to Foreign Orgs/Individuals | $65,010 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,396 |
| Compensation of current officers, directors, key employees. | $15,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,584 |
| Payroll taxes | $12,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,784 |
| Advertising and promotion | $2,600 |
| Office expenses | $7,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,406 |
| Travel | $597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,722 |
| Insurance | $18,696 |
| All other expenses | $26,766 |
| Total functional expenses | $603,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,176 |
| Savings and temporary cash investments | $128,333 |
| 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 | $101,774 |
| Inventories for sale or use | $161,264 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,253,509 |
| Investments—publicly traded securities | $681,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,431,538 |
| Accounts payable and accrued expenses | $40,043 |
| 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 | $19,506 |
| Total liabilities | $59,549 |
| Net assets without donor restrictions | $2,371,989 |
| 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 | $2,431,538 |
Grants Awarded
Over the last fiscal year, Hope International has awarded $114,140 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHT BEARERES MINISTRIES | | | $75,000 |
LAYMEN MINISTRIES | | | $23,740 |
MILLS RIVER SDA SCHOOL | | | $15,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |