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Nonprofiteer
← NEW HOPE INITIATIVE INC

Form 990 for tax year 2024

Filed by NEW HOPE INITIATIVE INC.

Totals

Total revenue
$1,171,092
Total expenses
$1,175,332
Contributions and grants received
$1,122,762
Grants paid
$937,513
Program service revenue
$0
Investment income
$0
Other revenue
$48,330
Total assets, end of year
$139,927
Total liabilities, end of year
$64
Net assets or fund balances, end of year
$139,863
Program services expenses (Part IX)
$1,156,641
Management and general expenses
$18,691
Fundraising expenses
$0
Program service expenses (Part III)
$1,156,641

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,122,762

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: African Jewelry from Kibera Kenya

    total $48,330 · related or exempt $48,330 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $48,330

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $937,513 · program services $937,513

  • 5 · Compensation of officers, directors and key employees

    total $66,000 · program services $59,400 · management and general $6,600

  • 7 · Other salaries and wages

    total $79,596 · program services $71,637 · management and general $7,959

  • 9 · Other employee benefits

    total $31,300 · program services $28,170 · management and general $3,130

  • 10 · Payroll taxes

    total $6,096 · program services $6,096

  • 11b · Fees: legal

    total $5 · program services $5

  • 11c · Fees: accounting

    total $10,041 · program services $9,039 · management and general $1,002

  • 12 · Advertising and promotion

    total $6,183 · program services $6,183

  • 13 · Office expenses

    total $2,049 · program services $2,049

  • 14 · Information technology

    total $4,887 · program services $4,887

  • 17 · Travel

    total $15,160 · program services $15,160

  • 19 · Conferences, conventions and meetings

    total $4,540 · program services $4,540

  • 23 · Insurance

    total $814 · program services $814

  • 24a · Other expenses: Bank fees, Paypal, Stripe fees

    total $9,124 · program services $9,124 · management and general $0 · fundraising $0

  • 24b · Other expenses: Communications

    total $2,024 · program services $2,024 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,167 · end of year $139,927

  • 24 · Unsecured notes and loans payable

    beginning of year $64 · end of year $64

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $144,103 · end of year $139,863

Mission and programs · 2024

Mission

As a Christian ministry, establish feeding centers, schools, medical clinics and orphanages in various foreign countries to provide food, education, and medical support to indigent children and their families.

Activities or mission (Part I)

As a Christian ministry, establish and support: feeding centers, schools, medical clinics, and orphanages in various countries to provide food, education, medical and spiritual support to indigent children and their families.

  • Kibera Slum in Nairobi, Kenya. NHI provides funds to: 1. New Hope Academy: NHI grants cover the entire operating cost of a full scholarship academy (400+ students pre-K thru grade 8) including facilities, teachers, staff, supplies, and two meals / day for the students 2. Penda Project: NHI grants cover secondary school scholarships for 160+ students graduating from New Hope Academy to go to area high schools and another 20+ students to go to university 3. New Hope Clinic: NHI grants cover the cost of basic medical services to student and their families via a registered nurse 4. Project Biashara: NHI grants cover job training and micro-business loans for ~30 single mothers to produce and sell goods

    Expenses $719,856 · Grants $596,258 · Revenue $48,330

  • Olorien Community Clinic in Arusha, Tanzania. NHI provides funds for a full service medical facility seeing 200+ patients per day. NHI grants cover the cost of staff (3 doctors; 24 staff), facilities, and equipment (lab, x-ray, ultrasound, minor operating room) Arusha Academy: We offer monthly support to enable indigent local students to attend this private fee based school

    Expenses $179,407 · Grants $140,110

  • Orphanage - Moribatown, Sierra Leone. NHI provides funds to care for 70+ children, many with special needs; costs include food, clothing, medical care, education, and the cost of staff / facilities

    Expenses $144,169 · Grants $112,733

  • Additional projects: Nicaragua, India, Nepal

    Expenses $113,209 · Grants $88,412

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sandy Baird

    Exec Director

    Total calculated
    $66,000
    From this org
    $66,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30
  • David Belk

    Board Member

    Total calculated
    $29,552
    From this org
    $29,552
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • James Wagstaff

    Chair

    Total calculated
    $29,552
    From this org
    $29,552
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Karen Baird

    Exec Board

    Total calculated
    $0
    Hours/week
    12
  • Tom Maine

    Vice Chair

    Total calculated
    $0
    Hours/week
    6
  • Luke Bondy

    Treasurer

    Total calculated
    $0
    Hours/week
    6
  • Cheryl Wood

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Logan Ashcraft

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kelsey Baird

    Board member

    Total calculated
    $0
    Hours/week
    5
  • Dr Robert Byemba

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kristin Cope

    Board member

    Total calculated
    $0
    Hours/week
    1
  • Christi Davis

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Susan Griffin

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Gerard Monsivaiz

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • TJ Walter

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.0
Source object
202521359349315522

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