Totals
- Total revenue
- $1,342,942
- Total expenses
- $1,257,199
- Contributions and grants received
- $1,296,836
- Grants paid
- $1,086,180
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $46,106
- Total assets, end of year
- $494,935
- Total liabilities, end of year
- $7,172
- Net assets or fund balances, end of year
- $487,763
- Program services expenses (Part IX)
- $1,216,599
- Management and general expenses
- $32,354
- Fundraising expenses
- $8,246
- Program service expenses (Part III)
- $1,216,599
Program services were 96.8% 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
$1,135
-
1e · Government grants (contributions)
$16,971
-
1f · All other contributions, gifts and grants
$1,278,730
-
1g · Noncash contributions included above
$1,063,859
-
10a · Gross sales of inventory
$48,100
-
10b · Cost of goods sold
$2,305
-
10c · Net income from sales of inventory
total $45,795 · related or exempt $45,795
-
11a · Other revenue: Other Income
total $311 · related or exempt $0 · unrelated business $0 · excluded $311
-
11e · Other revenue, total
$311
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,086,180 · program services $1,086,180
-
5 · Compensation of officers, directors and key employees
total $40,000 · program services $34,000 · management and general $4,000 · fundraising $2,000
-
7 · Other salaries and wages
total $45,625 · program services $38,781 · management and general $4,563 · fundraising $2,281
-
10 · Payroll taxes
total $7,130 · program services $6,061 · management and general $712 · fundraising $357
-
11b · Fees: legal
total $285 · program services $0 · management and general $285 · fundraising $0
-
11c · Fees: accounting
total $10,300 · program services $0 · management and general $9,226 · fundraising $1,074
-
12 · Advertising and promotion
total $85 · program services $34 · management and general $17 · fundraising $34
-
13 · Office expenses
total $5,961 · program services $5,168 · management and general $686 · fundraising $107
-
14 · Information technology
total $5,376 · program services $657 · management and general $4,133 · fundraising $586
-
16 · Occupancy
total $36,572 · program services $30,478 · management and general $6,094 · fundraising $0
-
17 · Travel
total $3,456 · program services $3,456 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $4,255 · program services $4,255 · management and general $0 · fundraising $0
-
23 · Insurance
total $6,508 · program services $3,442 · management and general $2,162 · fundraising $904
-
24a · Other expenses: Fundraising Expenses
total $903 · program services $0 · management and general $0 · fundraising $903
-
24b · Other expenses: Other Expenses
total $313 · program services $262 · management and general $51 · fundraising $0
-
24c · Other expenses: Training
total $4,250 · program services $3,825 · management and general $425 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $292,673 · end of year $392,000
-
8 · Inventories for sale or use
beginning of year $20,881 · end of year $20,881
-
10a · Land, buildings and equipment: cost or other basis
$150,535
-
10b · Land, buildings and equipment: accumulated depreciation
$68,481
-
10c · Land, buildings and equipment, net
beginning of year $95,155 · end of year $82,054
-
17 · Accounts payable and accrued expenses
beginning of year $6,689 · end of year $7,172
-
27 · Net assets without donor restrictions
beginning of year $222,232 · end of year $184,478
-
28 · Net assets with donor restrictions
beginning of year $179,788 · end of year $303,285
Mission and programs · 2022
Mission
Beacon of Hope Services Mission: Connecting and empowering our community through food.
Activities or mission (Part I)
Beacon of Hope serves residents of Madison and surrounding counties by providing food, emergency assistance, a low-cost thrift store, and advocacy to those in need.
-
Beacon of Hope Services is a non-profit organization offering food and emergency assistance to low income families and individuals in Madison and surrounding counties: Hunger relief: Families served - 10,374 (23,095 Individuals) Pounds of food distributed - 531,814 Donation-based Thrift Store: Thrift Store Assistance: Families served-55 (162 individuals, providing $1,850 worth of assistance.
Expenses $1,216,599 · Grants $1,086,108
-
Madison Community Market: Offers a low-cost retail alternative for personal hygiene products, cleaning supplies and other daily essentials Member Credit Program: Offers store credit to low-income families and individuals in exchange for community engagement. Enrolled Members: 24 Member credits awarded: $5,618.
As filed on the 2022 return.
Listed in Part VII
-
Jessi Koontz
Executive Director
- Total calculated
- $40,000
- From this org
- $40,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Robert A Clifford
Board Chairman
- Total calculated
- $0
- Hours/week
- 10
-
Sidney Mashburn
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Janet Spivey
Secretary
- Total calculated
- $0
- Hours/week
- 7
-
Carrie Lee Hoffman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Johnson
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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349312054
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