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← OASIS OF HOPE

Form 990 for tax year 2022

Filed by OASIS OF HOPE.

Totals

Total revenue
$618,297
Total expenses
$811,049
Contributions and grants received
$614,005
Grants paid
$6,200
Program service revenue
$0
Investment income
$14,324
Other revenue
-$10,032
Total assets, end of year
$3,990,976
Total liabilities, end of year
$38,132
Net assets or fund balances, end of year
$3,952,844
Program services expenses (Part IX)
$492,340
Management and general expenses
$226,048
Fundraising expenses
$92,661
Program service expenses (Part III)
$492,340

Program services were 60.7% 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.

  • 1d · Related organizations

    $343,299

  • 1e · Government grants (contributions)

    $98,194

  • 1f · All other contributions, gifts and grants

    $172,512

  • 6a · Gross rents

    real property $163,360

  • 6b · Less rental expenses

    real property $197,114

  • 6c · Rental income or loss

    real property -$33,754

  • 6d · Net rental income or loss

    total -$33,754 · related or exempt -$33,754

  • 7a · Gross sales of assets other than inventory

    other assets $51,000

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

    other assets $36,676

  • 7c · Gain or loss

    other assets $14,324

  • 7d · Net gain or loss

    total $14,324 · related or exempt $14,324

  • 8a · Fundraising events: gross income

    $1,675

  • 8b · Fundraising events: direct expenses

    $6,395

  • 8c · Net income from fundraising events

    total -$4,720 · excluded -$4,720

  • 10a · Gross sales of inventory

    $9,631

  • 10b · Cost of goods sold

    $5,593

  • 10c · Net income from sales of inventory

    total $4,038 · related or exempt $4,038

  • 11a · Other revenue: OTHER INCOME

    total $24,404 · related or exempt $24,404

  • 11e · Other revenue, total

    $24,404

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,200 · program services $6,200

  • 5 · Compensation of officers, directors and key employees

    total $72,002 · program services $36,001 · management and general $21,601 · fundraising $14,400

  • 7 · Other salaries and wages

    total $339,766 · program services $191,341 · management and general $88,821 · fundraising $59,604

  • 8 · Pension plan contributions

    total $26,318 · program services $10,348 · management and general $9,562 · fundraising $6,408

  • 9 · Other employee benefits

    total $20,903 · program services $8,219 · management and general $7,594 · fundraising $5,090

  • 10 · Payroll taxes

    total $29,403 · program services $11,562 · management and general $10,682 · fundraising $7,159

  • 11c · Fees: accounting

    total $38,619 · management and general $38,619

  • 11g · Fees: other

    total $2,207 · management and general $2,207

  • 13 · Office expenses

    total $18,772 · program services $7,011 · management and general $11,761

  • 14 · Information technology

    total $7,620 · management and general $7,620

  • 16 · Occupancy

    total $44,308 · program services $44,308

  • 17 · Travel

    total $9,041 · management and general $9,041

  • 20 · Interest

    total $66 · management and general $66

  • 22 · Depreciation, depletion and amortization

    total $2,906 · program services $2,391 · management and general $515

  • 23 · Insurance

    total $49,695 · program services $49,695

  • 24a · Other expenses: SUPPLIES

    total $59,711 · program services $54,998 · management and general $4,713

  • 24b · Other expenses: MISCELLANEOUS PROGRAM S

    total $47,269 · program services $35,269 · management and general $12,000

  • 24c · Other expenses: VEHICLE & TRANSPORTATIO

    total $14,951 · program services $14,951

  • 24d · Other expenses: FESTIVAL EXPENSES

    total $9,913 · program services $9,913

  • 24e · All other expenses

    total $11,379 · program services $10,133 · management and general $1,246

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,658 · end of year $90,474

  • 3 · Pledges and grants receivable

    beginning of year $27,998 · end of year $18,602

  • 4 · Accounts receivable

    beginning of year $289 · end of year $2,854

  • 8 · Inventories for sale or use

    beginning of year $71,420 · end of year $71,420

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,219 · end of year $3,219

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

    $2,585,968

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

    $657,974

  • 10c · Land, buildings and equipment, net

    beginning of year $2,042,908 · end of year $1,927,994

  • 14 · Intangible assets

    beginning of year $739 · end of year $224

  • 15 · Other assets

    beginning of year $1,968,569 · end of year $1,876,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,146 · end of year $23,937

  • 25 · Other liabilities

    beginning of year $12,735 · end of year $14,195

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,248,919 · end of year $3,952,844

Mission and programs · 2022

Mission

OASIS OF HOPE IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION THAT ENCOURAGES LIFE-ON-LIFE RELATIONSHIPS THAT CONNECT PEOPLE ACROSS RACIAL AND SOCIOECONOMIC BOUNDARIES.

Activities or mission (Part I)

TO DEMONSTRATE CHRIST'S LOVE TO AN UNDER-RESOURCED COMMUNITY BY ELEVATING AND IMPROVING THE QUALITY OF NEIGHBORHOOD LIFE THROUGH EMPOWERMENT AND PARTNERSHIPS.

  • OASIS OF HOPE PROMOTED SPIRITUAL AND LEADERSHIP DEVELOPMENT IN YOUNG CHRISTIAN LEADERS BY PROVIDING YOUTH ACTIVITIES, SUMMER CAMPS & AFTER SCHOOL PROGRAMS.

    Expenses $381,564

  • OASIS OF HOPE EMPOWERED NEIGHBORHOOD ADULTS BY PROVIDING EDUCATIONAL, EMPLOYMENT & CAREER DEVELOPMENT SERVICES THROUGHOUT THE COMMUNITY. THE ORGANIZATION ALSO PROVIDED SENIOR ASSISTANCE PROGRAMS.

    Expenses $110,776

  • OASIS BUILDS AND REHABILITATES LOW-INCOME AREA HOUSING DEVELOPMENTS IN THE OASIS NEIGHBORHOOD IN INNER-CITY MEMPHIS.

    Grants $6,200

As filed on the 2022 return.

Listed in Part VII

  • Eli Morris

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Jackie Bass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Henry Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Clarissa Crowder-Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Jill Dyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • John Hvasta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • James Rock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Dana Driver

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Robert Hyde III

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Joy Marseille

    EXECUTIVE DIRECTOR

    Total calculated
    $72,002
    From this org
    $72,002
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

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
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202430169349301313

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