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Nonprofiteer
← SHERRYS HOPE INC

Form 990 for tax year 2022

Filed by SHERRYS HOPE INC.

Totals

Total revenue
$338,069
Total expenses
$271,752
Contributions and grants received
$0
Grants paid
$100,211
Program service revenue
$0
Investment income
$32
Other revenue
$338,037
Total assets, end of year
$509,592
Total liabilities, end of year
$18,656
Net assets or fund balances, end of year
$490,936
Program services expenses (Part IX)
$264,978
Management and general expenses
$6,774
Fundraising expenses
$0
Program service expenses (Part III)
$264,978

Program services were 97.5% 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.

  • 3 · Investment income

    total $32 · excluded $32

  • 10a · Gross sales of inventory

    $735,511

  • 10b · Cost of goods sold

    $397,474

  • 10c · Net income from sales of inventory

    total $338,037 · excluded $338,037

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,100 · program services $75,100

  • 2 · Grants to domestic individuals

    total $25,111 · program services $25,111

  • 11c · Fees: accounting

    total $2,600 · program services $1,300 · management and general $1,300

  • 11g · Fees: other

    total $111,783 · program services $111,433 · management and general $350

  • 17 · Travel

    total $564 · management and general $564

  • 21 · Payments to affiliates

    total $150 · program services $150

  • 22 · Depreciation, depletion and amortization

    total $484 · program services $484

  • 23 · Insurance

    total $1,092 · program services $1,092

  • 24a · Other expenses: OTHER EXPENSES

    total $28,198 · program services $28,198

  • 24b · Other expenses: SUPPLIES

    total $23,207 · program services $22,110 · management and general $1,097

  • 24c · Other expenses: AUXILIARY SERVICES

    total $3,392 · management and general $3,392

  • 24d · Other expenses: VOLUNTEERS

    total $71 · management and general $71

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,260 · end of year $39,142

  • 2 · Savings and temporary cash investments

    beginning of year $20,530 · end of year $20,240

  • 4 · Accounts receivable

    beginning of year $7,300 · end of year $12,678

  • 8 · Inventories for sale or use

    beginning of year $322,118 · end of year $429,413

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

    $76,344

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

    $68,225

  • 10c · Land, buildings and equipment, net

    beginning of year $8,603 · end of year $8,119

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,192 · end of year $18,656

  • 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 $424,619 · end of year $490,936

Mission and programs · 2022

Mission

TO RENDER PERSONAL SERVICES TO WELLSTAR COBB HOSPITAL, ITS PATIENTS AND VISITORS, AND TO RAISE FUNDS FOR THE HOSPITAL THROUGH WAYS APPROVED BY, AND IN ACCORDANCE WITH, THE OBJECTIVES ESTABLISHED BY WELLSTAR HEALTH SYSTEM.

Activities or mission (Part I)

TO RENDER PERSONAL SERVICES TO WELLSTAR COBB HOSPITAL, ITS PATIENTS AND VISITORS AND TO RAISE FUNDS FOR THE HOSPITAL THROUGH WAYS APPROVED BY AND IN ACCORDANCE WITH THE OBJECTIVES ESTABLISHED BY WELLSTAR HEALTH SYSTEMS.

  • TO PROVIDE VOLUNTEER SERVICES THROUGHOUT WELLSTAR COBB HOSPITAL AND RAISE FUNDS FOR THE BETTERMENT OF WELLSTAR COBB HOSPITAL AND THE COMMUNITY.

    Expenses $264,978 · Grants $100,211

  • TO PROVIDE VOLUNTEER SERVICES THROUGHOUT WELLSTAR COBB HOSPITAL AND RAISE FUNDS FOR THE BETTERMENT OF WELLSTAR COBB HOSPITAL AND THE COMMUNITY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anna Best

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Ashworth

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Judy Cates

    CORRESPONDING SEC

    Total calculated
    $0
    Hours/week
    1

  • Wanda Polaski

    RECORDING SEC

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Dotson

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Gloria Wright

    TREASURER

    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.

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
2022
Filed
24 December 2024
IRS schema version
2022v5.0
Source object
202403599349300015

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