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Nonprofiteer
← SCARLET HOPE INC

Form 990 for tax year 2022

Filed by SCARLET HOPE INC.

What the amendment changed

Compared with the return it replaced , filed 15 February 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$333,879 changed to $1,469,754
Total expenses
$533,691 changed to $1,373,556
Contributions and grants received
$313,466 changed to $1,461,699
Program service revenue
$0 changed to $20,541
Investment income
$20,413 changed to -$12,486
Total assets, end of year
$768,588 changed to $866,068
Total liabilities, end of year
$180,515 changed to $186,254
Net assets or fund balances, end of year
$588,073 changed to $679,814
Program services expenses
$178,436 changed to $584,506
Management and general expenses
$332,931 changed to $712,024
Fundraising expenses
$22,324 changed to $77,026
Program service expenses (Part III)
$178,436 changed to $584,506

Listed only on the earlier return

  • Josh Starr
  • Michael Hall
  • Michelle Kannapel
  • Monica Deskins

Totals

Total revenue
$1,469,754
Total expenses
$1,373,556
Contributions and grants received
$1,461,699
Grants paid
$0
Program service revenue
$20,541
Investment income
-$12,486
Other revenue
$0
Total assets, end of year
$866,068
Total liabilities, end of year
$186,254
Net assets or fund balances, end of year
$679,814
Program services expenses (Part IX)
$584,506
Management and general expenses
$712,024
Fundraising expenses
$77,026
Program service expenses (Part III)
$584,506

Program services were 42.6% 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.

  • 1c · Fundraising events

    $73,073

  • 1f · All other contributions, gifts and grants

    $1,388,626

  • 1g · Noncash contributions included above

    $113,023

  • 2a · Program service revenue: Network Income

    total $20,541 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,251 · unrelated business $1,251 · excluded $0

  • 7a · Gross sales of assets other than inventory

    other assets $0

  • 7b · Less cost or other basis and sales expenses

    other assets $13,737

  • 7c · Gain or loss

    other assets -$13,737

  • 7d · Net gain or loss

    total -$13,737 · related or exempt $0 · unrelated business -$13,737 · excluded $0

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

    $73,073

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $586,178 · program services $186,859 · management and general $399,319 · fundraising $0

  • 10 · Payroll taxes

    total $6,399 · program services $0 · management and general $6,399 · fundraising $0

  • 11b · Fees: legal

    total $32,927 · program services $0 · management and general $32,927 · fundraising $0

  • 11c · Fees: accounting

    total $20,261 · program services $0 · management and general $20,261 · fundraising $0

  • 12 · Advertising and promotion

    total $9,504 · program services $0 · management and general $0 · fundraising $9,504

  • 16 · Occupancy

    total $81,539 · program services $81,539 · management and general $0 · fundraising $0

  • 20 · Interest

    total $10,834 · program services $0 · management and general $10,834 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $29,058 · program services $0 · management and general $29,058 · fundraising $0

  • 23 · Insurance

    total $49,195 · program services $21,762 · management and general $27,433 · fundraising $0

  • 24a · Other expenses: Bank Charges

    total $9,571 · program services $0 · management and general $9,571 · fundraising $0

  • 24b · Other expenses: Dues/Subscriptions

    total $35,223 · program services $35,223 · management and general $0 · fundraising $0

  • 24c · Other expenses: Workers Comp Ins

    total $10,554 · program services $0 · management and general $10,554 · fundraising $0

  • 24d · Other expenses: Office Supplies

    total $2,827 · program services $0 · management and general $2,827 · fundraising $0

  • 24e · All other expenses

    total $489,486 · program services $259,123 · management and general $162,841 · fundraising $67,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,744 · end of year $216,821

  • 2 · Savings and temporary cash investments

    beginning of year $21,379 · end of year $30,812

  • 8 · Inventories for sale or use

    beginning of year $13,752 · end of year $0

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

    $918,100

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

    $299,665

  • 10c · Land, buildings and equipment, net

    beginning of year $506,713 · end of year $618,435

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,999 · end of year $26,984

  • 23 · Secured mortgages and notes payable

    beginning of year $177,973 · end of year $159,270

  • 27 · Net assets without donor restrictions

    beginning of year $396,479 · end of year $551,008

  • 28 · Net assets with donor restrictions

    beginning of year $187,137 · end of year $128,806

Mission and programs · 2022

Mission

Transition women out of the adult entertianment Industry

  • Scarlet Hope helps women tranistion out of the adult entertianment industry. This is done through job training, counseling, career coaching, and providing meals. Over the last year operations were centralized allowing each local site to increase efficiency and allow local staff to focum more time on programs. In addition thousands of clients were served and curriculum was released to equip local churches.

    Expenses $584,506 · Revenue $1,314,517

As filed on the 2022 return.

Listed in Part VII

  • Brian Howard

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Anna Bates

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lori Riggs

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Rachelle Starr

    President

    Total calculated
    $63,269
    From this org
    $63,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sherry Fields

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Julia Black

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202323189349311787

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