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Nonprofiteer
← HANDS OF HOPE INC

Form 990 for tax year 2023

Filed by HANDS OF HOPE INC.

Totals

Total revenue
$2,343,401
Total expenses
$2,308,619
Contributions and grants received
$2,334,724
Grants paid
$2,063,935
Program service revenue
$0
Investment income
$1,072
Other revenue
$7,605
Total assets, end of year
$418,556
Total liabilities, end of year
$6,464
Net assets or fund balances, end of year
$412,092
Program services expenses (Part IX)
$2,235,099
Management and general expenses
$73,520
Fundraising expenses
$0
Program service expenses (Part III)
$2,235,099

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.

  • 1f · All other contributions, gifts and grants

    $2,334,724

  • 1g · Noncash contributions included above

    $2,008,708

  • 3 · Investment income

    total $1,072 · excluded $1,072

  • 11a · Other revenue: REIMBURSEMENT INCOME

    total $7,605 · related or exempt $7,605

  • 11e · Other revenue, total

    $7,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,876 · program services $5,876

  • 2 · Grants to domestic individuals

    total $2,058,059 · program services $2,058,059

  • 5 · Compensation of officers, directors and key employees

    total $40,056 · program services $28,039 · management and general $12,017

  • 7 · Other salaries and wages

    total $56,020 · program services $56,020

  • 9 · Other employee benefits

    total $2,750 · program services $2,750

  • 10 · Payroll taxes

    total $4,514 · program services $4,108 · management and general $406

  • 11b · Fees: legal

    total $1,645 · management and general $1,645

  • 11c · Fees: accounting

    total $2,460 · management and general $2,460

  • 11g · Fees: other

    total $2,016 · management and general $2,016

  • 12 · Advertising and promotion

    total $284 · management and general $284

  • 13 · Office expenses

    total $14,710 · program services $3,846 · management and general $10,864

  • 14 · Information technology

    total $1,576 · management and general $1,576

  • 16 · Occupancy

    total $43,884 · program services $25,730 · management and general $18,154

  • 17 · Travel

    total $1,501 · program services $1,501

  • 20 · Interest

    total $607 · management and general $607

  • 22 · Depreciation, depletion and amortization

    total $11,566 · management and general $11,566

  • 23 · Insurance

    total $9,587 · program services $1,488 · management and general $8,099

  • 24a · Other expenses: FOOD SPOILAGE

    total $22,724 · program services $22,724

  • 24b · Other expenses: EQUIPMENT

    total $15,741 · program services $15,741

  • 24c · Other expenses: REPAIRS

    total $5,053 · program services $5,053

  • 24d · Other expenses: FOOD

    total $3,023 · program services $3,023

  • 24e · All other expenses

    total $4,967 · program services $1,141 · management and general $3,826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,462 · end of year $184,004

  • 4 · Accounts receivable

    beginning of year $6,642 · end of year $14,392

  • 8 · Inventories for sale or use

    beginning of year $155,609 · end of year $142,191

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,014 · end of year $1,398

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

    $114,405

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

    $39,467

  • 10c · Land, buildings and equipment, net

    beginning of year $86,114 · end of year $74,938

  • 15 · Other assets

    beginning of year $2,022 · end of year $1,633

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,646 · end of year $4,754

  • 23 · Secured mortgages and notes payable

    beginning of year $1,907 · end of year $1,710

  • 27 · Net assets without donor restrictions

    beginning of year $376,062 · end of year $393,370

  • 28 · Net assets with donor restrictions

    beginning of year $1,248 · end of year $18,722

Mission and programs · 2023

Mission

OUR MISSION IS TO GIVE HOPE TO THE HOPELESS, CHANGING THE NEXT GENERATION BY LOVING AND TEACHING ONE FAMILY AT A TIME. GOD IS REAL AND ALIVE. HE HAS A PLAN FOR THEIR LIVES BECAUSE HE LOVES THEM ILLNESS AND POVERTY ARE NOT HIS PLANS, SO WE DO EVERYTHING POSSIBLE TO SERVE OUR COMMUNITY, WHETHER IT BE WITH MEDICINE, HELP WITH UTILITIES, BUS TICKETS, ROOM FOR THE HOMELESS, OR, AS ALWAYS, FOOD AND PRAYER. IT IS OUR HEART TO SERVE THE COMMUNITY WITH SELFLESSNESS AND LOVE IN WHATEVER WAYS WE CAN.

Activities or mission (Part I)

TO PROVIDE HOPE TO THE HOPELESS BY PROVIDING FOOD TO THOSE IN NEED.

  • HANDS OF HOPE PROVIDES HOPE TO THE HOPELESS BY PROVIDING FOOD TO THOSE IN NEED. IN 2023, THE ORGANIZATION PROVIDED 48,055 INDIVIDUALS WITH 1,834,783 POUNDS OF FOOD. THE ORGANIZATION ALSO PROVIDES NEEDY INDIVIDUALS WITH ASSISTANCE WITH RENT, UTILITIES, MEDICAL EXPENSES, AND TRANSPORTATION COSTS. IN 2023, THE ORGANIZATION PROVIDED OVER 33,000 OF ASSISTANCE TO 253 INDIVIDUALS.

    Expenses $2,235,099 · Grants $2,063,935 · Revenue $7,605

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

Listed in Part VII

  • Sue Stanfield

    VICE PRESIDE

    Total calculated
    $40,056
    From this org
    $38,216
    From related orgs
    $0
    Other
    $1,840
    Hours/week
    40

  • Margaret Blankenship

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Sheriff

    PRESIDENT

    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

Provenance

Return type
form_990
Tax year
2023
Filed
20 May 2024
IRS schema version
2023v5.0
Source object
202401419349301700

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

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