Hope International
- Assets
- $2.3m
- Revenue
- $352.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Marshall, NC
- Founding
- 00/0000
- Data as of
- 12/2022
- 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 12/2022, Hope International employed 4 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 12/2022, Hope International generated $352.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $501.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Daniel Olson President | Officer | 40 | $41,600 |
Kaye Finden Olson Treasurer | Officer | 40 | $37,440 |
Diann Foster Director | Trustee | $3,000 | |
Mark Storti Director | Trustee | 2 | $1,400 |
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 | $124,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,985 |
| Total Program Service Revenue | $0 |
| Investment income | $5,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,948 |
| 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 | $175,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,082 |
| Grants and other assistance to domestic individuals. | $18,547 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,440 |
| Compensation of current officers, directors, key employees. | $15,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,616 |
| Payroll taxes | $11,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,970 |
| Advertising and promotion | $2,684 |
| Office expenses | $6,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,965 |
| Travel | $485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,036 |
| Insurance | $10,597 |
| All other expenses | $21,530 |
| Total functional expenses | $501,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,718 |
| Savings and temporary cash investments | $114,931 |
| 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 | $100,109 |
| Inventories for sale or use | $78,922 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,203,122 |
| Investments—publicly traded securities | $673,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,850 |
| Total assets | $2,258,160 |
| Accounts payable and accrued expenses | $29,003 |
| 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 | $6,687 |
| Total liabilities | $35,690 |
| Net assets without donor restrictions | $2,222,470 |
| 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 | $2,258,160 |
Grants Awarded
Over the last fiscal year, Hope International has awarded $114,140 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MILLS RIVER SDA SCHOOL | | | $15,400 |
LIGHT BEARERES MINISTRIES | | | $75,000 |
LAYMEN MINISTRIES | | | $23,740 |