Hope Sight Mission Association
- Assets
- $1.1m
- Revenue
- $146.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 95-4789293
Organization Overview
Hope Sight Mission Association is located in Los Angeles, CA. The organization was established in 2003. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Sight Mission Association 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 Sight Mission Association generated $146.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $103.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) 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
TO PROVIDE ASSISTANCE AND EDUCATIONAL EVENTS FOR THE VISUALLY HANDICAPPED AND TO INFORM THE PUBLIC ACCURATELY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE AND EDUCATIONAL EVENTS FOR THE VISUALLY HANDICAPPED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Young Soo Choo CEO | Officer | 40 | $36,000 |
Kenneth K Lee Secretary | Officer | 8 | $0 |
Kwang Soo Sung CFO | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,400 |
| Total Program Service Revenue | $0 |
| Investment income | $120 |
| 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 | $146,520 |
| 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. | $36,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,479 |
| Office expenses | $2,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $970 |
| Insurance | $4,056 |
| All other expenses | $32,264 |
| Total functional expenses | $103,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,558 |
| Savings and temporary cash investments | $65,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $18,696 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,594 |
| Net Land, buildings, and equipment | $986,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,113,130 |
| Accounts payable and accrued expenses | $1,480 |
| 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 | $378,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $379,713 |
| Net assets without donor restrictions | $0 |
| 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 | $733,417 |
| Total liabilities and net assets/fund balances | $1,113,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Sight Mission Association has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guide Dogs For The Blind Inc San Rafael, CA | $528,074,429 | $68,313,172 |
Wayfinder Family Services Los Angeles, CA | $65,603,517 | $46,169,493 |
Braille Institute Of America Inc Los Angeles, CA | $250,513,312 | $37,676,823 |
Lighthouse For The Blind And Visually Impaired San Francisco, CA | $222,651,158 | $23,057,296 |
International Guiding Eyes Inc Sylmar, CA | $60,204,167 | $13,395,649 |
Nevada Blind Childrens Foundation Henderson, NV | $4,294,876 | $1,259,321 |
Guide Dogs Of Hawaii Adaptive Aids Canines & Advocacy For The Blind Honolulu, HI | $595,120 | $644,968 |
Inland Empire Lighthouse For The Blind Inc San Bernardino, CA | $10,473,551 | $477,976 |
Good Dog Autism Companions Fallbrook, CA | $69,392 | $294,330 |
Central Valley Center For Vision And Hearing Impaired Modesto, CA | $107,371 | $218,985 |
Power Paws Assistance Dogs Inc Scottsdale, AZ | $91,090 | $208,439 |
Lions Project For Canine Companions For Independence Inc Santa Rosa, CA | $613,041 | $170,338 |