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Nonprofiteer
← HOPE MISSION FOUNDATION

Form 990 for tax year 2024

Filed by HOPE MISSION FOUNDATION.

Totals

Total revenue
$758,880
Total expenses
$1,122,093
Contributions and grants received
$642,724
Grants paid
$0
Program service revenue
$0
Investment income
$2,956
Other revenue
$113,200
Total assets, end of year
$1,789,588
Total liabilities, end of year
$400,000
Net assets or fund balances, end of year
$1,389,588
Program services expenses (Part IX)
$1,122,093
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,122,093

Program services were 100.0% 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.

  • 1d · Related organizations

    $427,024

  • 1f · All other contributions, gifts and grants

    $215,700

  • 3 · Investment income

    total $2,956 · related or exempt $2,956

  • 6a · Gross rents

    real property $113,200

  • 6c · Rental income or loss

    real property $113,200

  • 6d · Net rental income or loss

    total $113,200 · related or exempt $113,200

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $15,319 · program services $15,319

  • 13 · Office expenses

    total $30,856 · program services $30,856

  • 20 · Interest

    total $9,667 · program services $9,667

  • 21 · Payments to affiliates

    total $966,270 · program services $966,270

  • 22 · Depreciation, depletion and amortization

    total $60,301 · program services $60,301

  • 23 · Insurance

    total $39,680 · program services $39,680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,804 · end of year $13,140

  • 2 · Savings and temporary cash investments

    beginning of year $153,906 · end of year $176,586

  • 10a · Land, buildings and equipment: cost or other basis

    $2,120,642

  • 10b · Land, buildings and equipment: accumulated depreciation

    $525,552

  • 10c · Land, buildings and equipment, net

    beginning of year $1,534,319 · end of year $1,595,090

  • 15 · Other assets

    beginning of year $4,772 · end of year $4,772

  • 24 · Unsecured notes and loans payable

    end of year $400,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,752,801 · end of year $1,389,588

Mission and programs · 2024

Mission

ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS AND SUBSTANCE ABUSE IN CARTERET COUNTY AND SURROUNDING AREAS.

Activities or mission (Part I)

ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS AND SUBSTANCE ABUSE IN CARTERET COUNTY, NC AND SURROUNDING AREAS

  • MAINTANED RENTAL PROPERTIES FOR THE BENEFIT OF HOPE MISSION THRIFT STORE AND HOPE MISSION OF CARTERET COUNTY TO ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS, AND SUBSTANCE ABUSE IN CARTERET COUNTY.

    Expenses $1,122,093

  • RENTED PROPERTIES TO HOPE MISSION THRIFT STORE AND HOPE MISSION OFFICES. GAVE MONEY TO HOPE RECOVERY HOMES TO SUPPORT RECOVERY PROGRAM.

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

Listed in Part VII

  • JEFF BARAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BUFF CHALK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD G MCLENDON

    EXECUTIVE DI

    Total calculated
    $0

  • DR JOSEPH NUTZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARK SHOUSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN SOTIRKYS

    CEO

    Total calculated
    $0
    Hours/week
    5 + 40 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 June 2025
IRS schema version
2024v5.0
Source object
202501709349301045

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