Foundations for Hope Inc
Advancing the Gospel
Foundations for Hope Inc
EIN: 83-3497398
as of September 2023
as of September 18, 2023
Mission
FOUNDATIONS FOR HOPE EXISTS TO ADVANCE THE GOSPEL OF JESUS CHRIST BY PROVIDING CRITICAL RESOURCES AND TRAINING IN PARTNERSHIPS WITH LOCAL CHURCHES IN AREAS OF NEED ACROSS THE GLOBE.
Ruling year
2019
Co-Founder
Randy Treglown
Co-Founder
Matt Mullinax
Main address
6647 Green Dr Ste 201
Trussville, AL 35173 USA
EIN
83-3497398
Human services
Population served
People of African descent
NTEE code
Single Organization Support (P11)
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
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Providing Critical Resources
Meeting the physical needs of God's children by providing lifesaving resources such as medicine and clean water. Create a lasting impact on quality of life through sanitation, hygiene and improved nutrition.
Where we work
External reviews
Financials
Revenue vs. expenses: breakdown
Liquidity in 2021 info
248.99
Months of cash in 2021 info
70.6
Fringe rate in 2021 info
11%
Funding sources info
Assets & liabilities info
Financial data
Foundations for Hope Inc
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 Foundations for Hope Inc’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.
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Business model indicators
| Profitability info | 2019 | 2020 | 2021 |
|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $394,388 | $202,901 | $176,951 |
| As % of expenses | 4691.7% | 227.6% | 144.1% |
| Unrestricted surplus (deficit) after depreciation | $394,388 | $202,901 | $176,095 |
| As % of expenses | 4691.7% | 227.6% | 142.4% |
| Revenue composition info | |||
|---|---|---|---|
| Total revenue (unrestricted & restricted) | $402,794 | $292,035 | $299,752 |
| Total revenue, % change over prior year | 0.0% | -27.5% | 2.6% |
| Program services revenue | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% |
| Investment income | 0.1% | 0.7% | 0.2% |
| Government grants | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 99.9% | 99.3% | 100.2% |
| Other revenue | 0.0% | 0.0% | -0.5% |
| Expense composition info | |||
|---|---|---|---|
| Total expenses before depreciation | $8,406 | $89,134 | $122,801 |
| Total expenses, % change over prior year | 0.0% | 960.4% | 37.8% |
| Personnel | 0.0% | 0.0% | 13.1% |
| Professional fees | 59.7% | 0.0% | 7.6% |
| Occupancy | 0.0% | 0.0% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% |
| Pass-through | 31.3% | 90.9% | 61.3% |
| All other expenses | 8.9% | 9.1% | 18.1% |
| Full cost components (estimated) info | 2019 | 2020 | 2021 |
|---|---|---|---|
| Total expenses (after depreciation) | $8,406 | $89,134 | $123,657 |
| One month of savings | $701 | $7,428 | $10,233 |
| Debt principal payment | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $35,505 |
| Total full costs (estimated) | $9,107 | $96,562 | $169,395 |
Capital structure indicators
| Liquidity info | 2019 | 2020 | 2021 |
|---|---|---|---|
| Months of cash | 563.0 | 72.9 | 70.6 |
| Months of cash and investments | 563.0 | 80.4 | 70.6 |
| Months of estimated liquid unrestricted net assets | 563.0 | 80.4 | 72.2 |
| Balance sheet composition info | 2019 | 2020 | 2021 |
|---|---|---|---|
| Cash | $394,388 | $541,192 | $722,077 |
| Investments | $0 | $56,097 | $0 |
| Receivables | $0 | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $35,505 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 2.4% |
| Liabilities (as a % of assets) | 0.0% | 0.0% | 0.4% |
| Unrestricted net assets | $394,388 | $597,289 | $773,384 |
| Temporarily restricted net assets | N/A | N/A | N/A |
| Permanently restricted net assets | N/A | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 |
| Total net assets | $394,388 | $597,289 | $773,384 |
Key data checks
| Key data checks info | 2019 | 2020 | 2021 |
|---|---|---|---|
| Material data errors | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Co-Founder
Randy Treglown
Co-Founder
Matt Mullinax
Number of employees
Source: IRS Form 990
Foundations for Hope Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
This organization has no recorded board members.
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