HOPE VENTURE
helping lives find hope
HOPE VENTURE
EIN: 27-0863959
as of November 2023
as of November 13, 2023
Mission
The Hope Venture exists to bring help and hope to people around the world. Through trusted partnerships, The Hope Venture engages primarily in compassion-based projects emphasizing better education, health, clothing and shelter for children, orphans and the needy poor, for the honor of Christ.
Ruling year
2010
Executive Director
Cynci Petersen
Main address
315 S 9th Street Suite 200
Lincoln, NE 68508 USA
EIN
27-0863959
International development
Population served
Economically disadvantaged people
NTEE code
International Development, Relief Services (Q30)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Illiteracy in India ranks #1 in the world. Hunger is more rampant in India than anywhere in the world. Some of the poorest of the poor live in sub-Saharan Africa and South Asia. We do work in india, Kenya and Uganda to help address some of these issues.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Compassion Projects
Backpack Project, Student Sponsorship, Education Supplies & Income-Generating Projects, Schools, Vocational Training, Goats, Mama Kits, Medical Camps, Water Projects, Saris & Blankets, Feeding Centers, Home of Hope
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of health outcomes improved
This metric is no longer tracked.Totals By Year
Population(s) Served
People with diseases and illnesses, Pregnant people, Economically disadvantaged people, Victims and oppressed people
Related Program
Compassion Projects
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Through the use of feeding projects and centers, medical centers, and clean water projects we have helped people in India, Kenya, and Uganda and this number continues to grow.
Number of students enrolled
This metric is no longer tracked.Totals By Year
Population(s) Served
Economically disadvantaged people, Victims and oppressed people
Related Program
Compassion Projects
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
We scholarship students around the world and sponsored roughly 400 HS students throughout Kenya.
Average number of service recipients per month
This metric is no longer tracked.Totals By Year
Population(s) Served
Economically disadvantaged people, Victims and oppressed people, People with diseases and illnesses
Related Program
Compassion Projects
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Hope Venture exists to bring help and hope to people around the world. Through trusted partnerships, The Hope Venture engages primarily in compassion-based projects emphasizing better education, health, clothing and shelter for children, orphans and the needy poor, for the honor of Christ.
The mission of The Hope Venture is to foster a global community that is meeting the needs of people worldwide by compassionately connecting resources with needs.
Our vision is that our tangible help would become true hope in many people around the world.
What are the organization's key strategies for making this happen?
We start with trusted partners that we have vetted over time through long term friendships and connections. We work with locals to determine what they sense are the greatest needs and help them figure out solutions that help relieve and develop needs through as sustainable of methods as possible. We work with local churches and pastors as well who can help follow up with the people we serve. Lastly, we make sure we work in areas that we are able to follow up and keep accountability with.
What are the organization's capabilities for doing this?
We work with locals who have proven records of capability in these or other related areas. Personally, as the director, I have been working alongside of people in India for 20 years and in Africa for 14.
What have they accomplished so far and what's next?
We are excited that we have already helped more than 85,000 children and adults in desperately poor areas of India, Kenya, Uganda, Rwanda and Bangladesh. We are providing an education to children from illiterate families, food and clean water to those who didn't have it, income and skills to adults that had no job beforehand, etc. There are a billion people in India and millions in Africa, many who live in destitute poverty. There is still much work to do to help lives find hope!
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We act on the feedback we receive, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
15.19
Months of cash in 2022 info
4.7
Fringe rate in 2022 info
29%
Funding sources info
Assets & liabilities info
Financial data
HOPE VENTURE
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of HOPE VENTURE’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $326,514 | $58,734 | $96,657 | -$59,604 | $30,877 |
| As % of expenses | 51.1% | 7.2% | 13.4% | -5.5% | 2.5% |
| Unrestricted surplus (deficit) after depreciation | $326,514 | $58,734 | $96,657 | -$59,604 | $30,877 |
| As % of expenses | 51.1% | 7.2% | 13.4% | -5.5% | 2.5% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $735,116 | $869,808 | $817,119 | $1,015,318 | $1,264,391 |
| Total revenue, % change over prior year | 12.4% | 18.3% | -6.1% | 24.3% | 24.5% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.1% | 0.5% | 0.2% | 0.1% | 0.3% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 99.6% | 99.3% | 99.8% | 99.9% | 99.7% |
| Other revenue | 0.3% | 0.2% | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $638,869 | $811,074 | $720,578 | $1,074,922 | $1,233,514 |
| Total expenses, % change over prior year | 1.9% | 27.0% | -11.2% | 49.2% | 14.8% |
| Personnel | 16.2% | 15.7% | 25.1% | 21.5% | 27.2% |
| Professional fees | 3.8% | 1.9% | 1.6% | 1.5% | 2.8% |
| Occupancy | 1.9% | 1.3% | 1.4% | 1.6% | 1.5% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 62.3% | 64.5% | 59.9% | 62.6% | 55.3% |
| All other expenses | 15.8% | 16.6% | 12.0% | 12.9% | 13.3% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $638,869 | $811,074 | $720,578 | $1,074,922 | $1,233,514 |
| One month of savings | $53,239 | $67,590 | $60,048 | $89,577 | $102,793 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $692,108 | $878,664 | $780,626 | $1,164,499 | $1,336,307 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 6.3 | 5.8 | 8.1 | 4.9 | 4.7 |
| Months of cash and investments | 6.3 | 5.8 | 8.1 | 4.9 | 4.7 |
| Months of estimated liquid unrestricted net assets | 6.1 | 5.7 | 8.0 | 4.7 | 4.4 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $335,248 | $389,650 | $486,737 | $439,995 | $485,124 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $0 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 2.6% | 1.1% | 1.0% | 4.0% | 6.6% |
| Unrestricted net assets | $326,514 | $385,248 | $481,905 | $422,301 | $453,178 |
| Temporarily restricted net assets | $0 | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 | $0 | $0 |
| Total net assets | $326,514 | $385,248 | $481,905 | $422,301 | $453,178 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | Yes | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Cynci Petersen
Number of employees
Source: IRS Form 990
HOPE VENTURE
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
HOPE VENTURE
Board of directorsas of 10/16/2023
Board of directors data
Jody Kongsjord
Ben Cohoon
Katherine Stewart
John Kroeker
Cynci Petersen
Matthew Anderson
Tramaine Combs
Josh Davis
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
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- Financial statements for 2021, 2018, 2016, 2012
- Letter of Determination
- Form 1023 / 1024
- Officer and/or Employee data for 2022, 2021, 2020, 2019, 2018
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