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EIN 87-4331334

Hope Initiative

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mayfield
State
Kentucky
Year formed
2022
Most recent tax filings
2023-12-01
NTEE code, primary
P20: Human Service Organizations
Description
Hope Initiative spreads the Gospel of Jesus Christ while providing disaster relief and other support services to residents of Graves County. It constructs houses for residents who lost their homes during the 12-10-2021 tornado, selling them at cost without realizing profit and accumulating construction costs as assets.
Total revenues
$5,904,139
2023
Total expenses
$285,934
2023
Total assets
$7,570,143
2023
Num. employees
0
2023

Program areas at Hope Initiative

Houses are under construction and will be sold to residents of graves county who lost their homes during the tornado that occured on 12-10-2021. The houses will be sold at cost with no profit realized on the sale. Construction costs accumulate in the asset account "construction in progress" until the home is completed and sold.

Who funds Hope Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kentucky Christian FoundationTornado Relief$100,000

Financials for Hope Initiative

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,904,139
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,904,139

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Data update history
January 5, 2025
Received grants
Identified 1 new grant, including a grant for $100,000 from Kentucky Christian Foundation
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 3 new personnel
December 29, 2023
Used new vendors
Identified 1 new vendor, including
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from Somebody Cares America
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human services
Characteristics
ChristianReligiousOperates donor advised fundsState / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
PO Box 977
Mayfield, KY 42066
County
Graves County, KY
Phone
(270) 519-9630
IRS details
EIN
87-4331334
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P20: Human Service Organizations
NAICS code, primary
624230: Emergency and Relief Services
Parent/child status
Independent
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