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Nonprofiteer
← THERES HOPE AMERICA INC

Form 990 for tax year 2023

Filed by THERES HOPE AMERICA INC.

Totals

Total revenue
$363,140
Total expenses
$320,772
Contributions and grants received
$355,949
Grants paid
$0
Program service revenue
$7,191
Investment income
$0
Other revenue
$0
Total assets, end of year
$138,019
Total liabilities, end of year
$25,172
Net assets or fund balances, end of year
$112,847
Program services expenses (Part IX)
$212,305
Management and general expenses
$72,777
Fundraising expenses
$35,690
Program service expenses (Part III)
$212,305

Program services were 66.2% 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

    $355,949

  • 1g · Noncash contributions included above

    $395

  • 2a · Program service revenue: Product Sales

    total $7,191 · related or exempt $7,191

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $109,326 · program services $44,528 · management and general $40,647 · fundraising $24,151

  • 7 · Other salaries and wages

    total $379 · management and general $379

  • 10 · Payroll taxes

    total $3,526 · management and general $2,652 · fundraising $874

  • 11c · Fees: accounting

    total $8,541 · management and general $8,541

  • 11g · Fees: other

    total $65,960 · program services $59,489 · management and general $2,471 · fundraising $4,000

  • 12 · Advertising and promotion

    total $2,198 · management and general $393 · fundraising $1,805

  • 13 · Office expenses

    total $3,395 · management and general $3,395

  • 17 · Travel

    total $3,297 · program services $2,245 · management and general $410 · fundraising $642

  • 19 · Conferences, conventions and meetings

    total $850 · program services $850

  • 20 · Interest

    total $1,538 · management and general $1,538

  • 22 · Depreciation, depletion and amortization

    total $1,739 · program services $623 · management and general $1,116

  • 24a · Other expenses: Air Time

    total $97,820 · program services $97,820

  • 24b · Other expenses: Cost of Materials Sold

    total $3,801 · program services $3,801

  • 24c · Other expenses: Printing

    total $1,339 · management and general $1,339

  • 24d · Other expenses: Postage

    total $2,782 · program services $411 · management and general $168 · fundraising $2,203

  • 24e · All other expenses

    total $14,281 · program services $2,538 · management and general $9,728 · fundraising $2,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,533 · end of year $109,308

  • 4 · Accounts receivable

    end of year $20

  • 8 · Inventories for sale or use

    beginning of year $22,187 · end of year $25,058

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

    $73,858

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

    $70,225

  • 10c · Land, buildings and equipment, net

    beginning of year $5,368 · end of year $3,633

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,580 · end of year $5,348

  • 25 · Other liabilities

    beginning of year $19,029 · end of year $19,824

  • 27 · Net assets without donor restrictions

    beginning of year $70,479 · end of year $112,847

Mission and programs · 2023

Mission

TO SPREAD THE GOSPEL THROUGH RADIO BROADCASTS AND OTHER MEDIA OUTLETS.

  • TO SPREAD THE GOSPEL THROUGH RADIO BROADCASTS AND OTHER MEDIA OUTLETS.

    Expenses $212,305 · Revenue $7,191

As filed on the 2023 return.

Listed in Part VII

  • Richard Lee

    CHAIRMANPRESIDENT

    Total calculated
    $96,113
    From this org
    $63,613
    From related orgs
    $32,500
    Other
    $0
    Hours/week
    35 + 5 related
  • Patricia Redding

    TREASURER

    Total calculated
    $84,932
    From this org
    $45,715
    From related orgs
    $39,217
    Other
    $0
    Hours/week
    32 + 8 related
  • Melvin Benson

    BOARD MEMBER

    Total calculated
    $65,500
    From this org
    $0
    From related orgs
    $65,500
    Other
    $0
    Hours/week
    1 + 20 related
  • Alan Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tom Paul

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Everett Major

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Terry Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Judy S Lee

    SECRETARY

    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
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202432419349300023

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