Form 990 for tax year 2023

Filed by SHINING HOPE FOR COMMUNITIES INC.

Totals

Total revenue: $19,171,396
Total expenses: $20,839,480
Contributions and grants received: $18,603,108
Grants paid: $5,749,687
Program service revenue: $2,833
Investment income: $528,924
Other revenue: $36,531
Total assets, end of year: $56,069,591
Total liabilities, end of year: $15,836,206
Net assets or fund balances, end of year: $40,233,385
Program services expenses (Part IX): $19,410,024
Management and general expenses: $767,621
Fundraising expenses: $661,835
Program service expenses (Part III): $19,410,024

Program services were 93.1% 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.

1f · All other contributions, gifts and grants

$18,603,108
2a · Program service revenue: REVENUE GENERATING PROJECTS

total $2,833 · related or exempt $2,833
3 · Investment income

total $554,694 · excluded $554,694
7a · Gross sales of assets other than inventory

securities $5,000,000
7b · Less cost or other basis and sales expenses

securities $5,025,770
7c · Gain or loss

securities -$25,770
7d · Net gain or loss

total -$25,770 · excluded -$25,770
11a · Other revenue: CURRENCY GAIN

total $36,531 · excluded $36,531
11e · Other revenue, total

$36,531

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $5,749,687 · program services $5,749,687
5 · Compensation of officers, directors and key employees

total $495,949 · program services $391,373 · management and general $24,797 · fundraising $79,779
7 · Other salaries and wages

total $5,953,882 · program services $5,558,263 · management and general $111,885 · fundraising $283,734
8 · Pension plan contributions

total $341,243 · program services $316,362 · management and general $6,818 · fundraising $18,063
9 · Other employee benefits

total $78,191 · program services $77,764 · management and general $331 · fundraising $96
10 · Payroll taxes

total $52,233 · program services $48,237 · management and general $1,094 · fundraising $2,902
11b · Fees: legal

total $26,112 · program services $20,252 · management and general $3,303 · fundraising $2,557
11c · Fees: accounting

total $231,385 · program services $179,460 · management and general $29,270 · fundraising $22,655
11f · Fees: investment management

total $4,943 · management and general $4,943
11g · Fees: other

total $1,990,163 · program services $1,543,548 · management and general $251,756 · fundraising $194,859
12 · Advertising and promotion

total $160,086 · program services $139,478 · management and general $20,109 · fundraising $499
13 · Office expenses

total $178,507 · program services $168,656 · management and general $9,591 · fundraising $260
16 · Occupancy

total $304,250 · program services $226,839 · management and general $73,388 · fundraising $4,023
17 · Travel

total $635,469 · program services $599,103 · management and general $28,141 · fundraising $8,225
19 · Conferences, conventions and meetings

total $503,677 · program services $503,250 · management and general $427
22 · Depreciation, depletion and amortization

total $449,206 · program services $432,613 · management and general $16,593
23 · Insurance

total $76,806 · program services $59,570 · management and general $9,716 · fundraising $7,520
24a · Other expenses: PROGRAM SUPPLIES

total $1,933,180 · program services $1,774,012 · management and general $137,058 · fundraising $22,110
24b · Other expenses: REPAIR AND MAINTENANCE

total $505,962 · program services $505,911 · management and general $51
24c · Other expenses: PROGRAM FOOD

total $496,070 · program services $493,729 · management and general $850 · fundraising $1,491
24d · Other expenses: MISCELLANEOUS

total $301,810 · program services $299,904 · management and general $633 · fundraising $1,273
24e · All other expenses

total $370,669 · program services $322,013 · management and general $36,867 · fundraising $11,789

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $30,056,606 · end of year $2,495,024
2 · Savings and temporary cash investments

beginning of year $669,265 · end of year $20,980,007
3 · Pledges and grants receivable

beginning of year $5,305,023 · end of year $4,028,379
9 · Prepaid expenses and deferred charges

beginning of year $193,644 · end of year $272,304
10a · Land, buildings and equipment: cost or other basis

$8,193,935
10b · Land, buildings and equipment: accumulated depreciation

$2,421,764
10c · Land, buildings and equipment, net

beginning of year $4,676,871 · end of year $5,772,171
11 · Investments: publicly traded securities

beginning of year $11,562,879 · end of year $20,136,735
15 · Other assets

beginning of year $754,001 · end of year $2,384,971
17 · Accounts payable and accrued expenses

beginning of year $344,200 · end of year $1,085,687
25 · Other liabilities

beginning of year $11,306,532 · end of year $14,750,519
27 · Net assets without donor restrictions

beginning of year $32,932,827 · end of year $34,899,570
28 · Net assets with donor restrictions

beginning of year $8,634,730 · end of year $5,333,815

Mission and programs · 2023

Mission

SHINING HOPE FOR COMMUNITIES IS A GRASSROOTS MOVEMENT THAT CATALYZES LARGE-SCALE TRANSFORMATION IN URBAN SLUMS BY PROVIDING CRITICAL SERVICES FOR ALL, COMMUNITY ADVOCACY PLATFORMS, AND EDUCATION AND LEADERSHIP DEVELOPMENT FOR WOMEN AND GIRLS.

Activities or mission (Part I)

SEE PART III, LINE 1.

SHINING HOPE COMMUNITY CENTERS: SHOFCO'S COMMUNITY PROGRAMS IN KENYA'S URBAN SLUMS INCLUDE 17 LIBRARIES & COMMUNITY CENTERS (257,339 BENEFICIARIES), EMPLOYABILITY & ENTREPRENEURSHIP TRAINING (33,372 BENEFICIARIES), SHOFCO WOMEN'S EMPOWERMENT PROJECT (SWEP) (9,963 BENEFICIARIES), GROUPS SAVINGS & LOANS (18,340 BENEFICIARIES), GENDER BASED VIOLENCE RESPONSE (10,229 BENEFICIARIES), AND THE SHOFCO URBAN NETWORK (1,438,120 BENEFICIARIES AND DEPENDENTS). IN TOTAL, SHOFCO SERVED 1,800,642 BENEFICIARIES IN 2023.

Expenses $12,644,042 · Grants $5,689,866
OTHER PROGRAMS:KENYA PROGRAM OPERATIONS RELATE TO THE COORDINATION OF ALL GRASSROOTS MOVEMENT WORK ACROSS THE VARIOUS MAJOR PROGRAM DELIVERY AREAS. SHOFCO ENSURES COMPLETE INTEGRATIONS OF THE PROGRAMS AND THIS IS CLOSELY COORDINATED BY A COMPETENT MANAGEMENT TEAM AND SHARED INFRASTRUCTURE WHICH IS RUN AND MAINTAINED TO ENSURE NO DISRUPTION TO SERVICES. SHOFCO SENIOR MANAGEMENT SHARED TIME AND COSTS TO KEEP SHARED INFRASTRUCTURE RUNNING AND MAINTAINED. THERE ARE ALSO COSTS RELATED TO MONITORING AND EVALUATION AND IMPACT ASSESSMENT ACROSS ALL PROGRAMS AREAS.

Expenses $3,744,534 · Grants $10,558
JOHANNA JUSTIN-JINICH COMMUNITY CLINIC: SHOFCO OPERATES COMMUNITY CLINICS IN KIBERA AND MATHARE. SHOFCO'S COMMUNITY CLINICS CONSIST OF ONE MAIN CLINIC AND FIVE SATELLITE LOCATIONS IN ADDITION TO SUPPORTING THE GOVERNEMENT COMMUNITY HEALTH STRATEGY IN OUTREACHS USING COMMUNITY HEALTH PROMOTERS. THESE CLINICS PROVIDE PRIMARY CARE, CHILD AND MATERNAL HEALTH CARE, CERVICAL CANCER SCREENING, CHILD IMMUNIZATIONS, NUTRITION PROGRAM, COMPREHENSIVE HIV CARE, FAMILY PLANNING, GENDER BASED VIOLENCE RESPONSE, HEALTH EDUCATION, AND DOOR TO DOOR OUTREACH. THE CLINICS ARE STAFFED WITH CLINICAL OFFICERS, NURSES, PHARMACY TECHNICIANS, LAB TECHNICIANS, AND COMMUNITY HEALTH WORKERS. SHOFCO CLINICS AND COMMUNITY OUTREACHES SERVED A TOTAL OF 467,087 PATIENTS IN 2023.

Expenses $1,599,364 · Revenue $2,833
KIBERA SCHOOL FOR GIRLS (KSG) AND MATHARE SCHOOL FOR GIRLS (MSG): SHOFCO OPERATES TWO GIRLS' LEADERSHIP AND EDUCATION ACADEMIES IN KIBERA AND MATHARE SERVING 613 GIRLS, PROVIDING HIGH QUALITY EDUCATION TO SOME OF THE BRIGHTEST BUT AT-RISK GIRLS. THESE FREE ACADEMIES ALSO PROVIDE UNIFORMS, MEALS, SCHOOL SUPPLIES, AND PSYCHOSOCIAL SUPPORT. ALSO INCLUDED ARE AFTER-SCHOOL PROGRAMS AND EXTRACURRICULAR ACTIVITIES THAT SERVE TO PROVIDE LEADERSHIP TRAINING AND ACCESS TO POSITIVE FEMALE ROLE MODELS. THE SHOFCO PRIMARY EDUCATION PROGRAM SERVED 613 GIRLS IN 2023

Expenses $1,422,084 · Grants $49,263

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Kennedy OdedeKENNEDY ODEDE

PRESIDENT & CEO

Total calculated

$274,907

From this org

$247,607

From related orgs

$0

Other

$27,300

Hours/week

60

Schedule J breakdown matched by us

Base

$217,992

Bonus

$29,615

Other

$0

Deferred

$4,800

Nontaxable benefits

$22,500

Filer's total

$274,907
Matthew ChanoffMATTHEW CHANOFF

BOARD MEMBER

Total calculated

$0

Hours/week

1
Blair MillerBLAIR MILLER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Elizabeth CutlerELIZABETH CUTLER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Richard CunninghamRICHARD CUNNINGHAM

BOARD MEMBER

Total calculated

$0

Hours/week

1
Leslie BluhmLESLIE BLUHM

BOARD MEMBER

Total calculated

$0

Hours/week

1
Matthew SirovichMATTHEW SIROVICH

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mimi SternlichtMIMI STERNLICHT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Robby WalkerROBBY WALKER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Sybill KernSYBILL KERN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jessica Posner OdedeJESSICA POSNER ODEDE

BOARD MEMBER & CO-FOUNDER

Total calculated

$0

Hours/week

1
Philippe DoranoPHILIPPE DORANO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dr Oby EzekwesiliDR OBY EZEKWESILI

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dr Stigmata TengaDR STIGMATA TENGA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Katherine PotaskiKATHERINE POTASKI

CAO & SECRETARY

Total calculated

$221,041

From this org

$192,083

From related orgs

$0

Other

$28,958

Hours/week

60

Schedule J breakdown matched by us

Base

$169,462

Bonus

$22,621

Other

$0

Deferred

$6,458

Nontaxable benefits

$22,500

Filer's total

$221,041
Jeremy MindichJEREMY MINDICH

BOARD CHAIR

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: CEO WAS PROVIDED HOUSING ALLOWANCE FOR HIS RESIDENCE.
PART I, LINE 7: DURING THE YEAR, THE FOLLOWING INDIVIDUALS RECEIVED BONUSES: KENNEDY ODEDE $29,615 KATHERINE POTASKI $22,621

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 4 November 2024
IRS schema version: 2023v5.1
Source object: 202433099349303513

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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