SPRINGS OF HOPE KENYA INC

EIN: 263955826 501(c)(3) International Affairs

Dunedin, FL

Total Revenue
$282,423
Total Expenses
$247,971
Total Assets
$321,380
Net Assets
$321,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
FL
Principal Officer
Molly Waits
Phone
7277979000
Tax Period
2023-01-01 to 2023-12-31

SPRINGS OF HOPE KENYA INC, founded in 2009, is a small nonprofit in the International Affairs sector that reported $282K in total revenue in fiscal year 2023. Expenses of $248K left a modest 12% surplus.

Mission

Springs of Hope Kenya is a Christian based ministry with a mission to serve the needs of 63 orphaned children in the Nakuru Kenya area. Through donations and fund raising efforts, Springs of Hope Kenya plans to build a care center that will provide housing, education, nutrition and healthcare for orphaned children and their caregivers by providing beds, food, shelter, education and nurturing for the children. Additional goals include establishing a foster program for orphans. By supporting the community in this endeavor, we can help supplement the families so they can take on this additional burden of caring for the children and avoid having them placed in orphanages. These activities will be carried out by Spring of Hope's directors and through local support in the form of a facilities manager, a social worker, matrons and a cook.

Program Service Accomplishments

Program 1
Expenses: $234,235 Revenue: $0

Build a Care Center (Orphanage) to provide a home for vulnerable children with no families. Start a nutritional supplement program so children are healthy enough to fight off common ailments that can...

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Build a Care Center (Orphanage) to provide a home for vulnerable children with no families. Start a nutritional supplement program so children are healthy enough to fight off common ailments that can cause death in Kenya. Implement foster care programs so that orphans have the opportunity to grow up in a family atmosphere with Kenyan families. Establish evangelism programs to make sure the orphans know about their heavenly Father and how much they matter to Him. Ensure all the children in our care are receiving an education.

Program 2
Expenses: $11,038 Revenue: $0

Sewing Project & Skills Training - Springs of Hope Kenya operates a sewing program to help teach various skills to local villagers.

Program 3
Expenses: $2,698 Revenue: $0

Kambi Amani Eco Camp - The proceeds for this Kambi Amani go towards our children at SOHK and at risk youth and the community in the following ways: Creating jobs for our former street children and...

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Kambi Amani Eco Camp - The proceeds for this Kambi Amani go towards our children at SOHK and at risk youth and the community in the following ways: Creating jobs for our former street children and orphans through training and through tourism and hospitality. Serving the local community through this endeavor through employment opportunities Revenue from this project will go to the future education of our children By building a basic camping and luxury camping experience for tourist and missionaries. This in turn will bring awareness to SOHK and the orphans of Kenya, and the beautiful natural environment of Kenya. SOHK will use the camp in down times for locals to rent for weddings, company retreats and other events. This will ensure we are able to raise funds year round and not just in high seasons.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $282,423
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $282,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,814
Fundraising Expenses $0
Program Expenses $247,971
Other Expenses $161,157
TOTAL EXPENSES $247,971

Year-over-Year Comparison

2023 2022 Change
Revenue $282,423 $286,346 0.0%
Expenses $247,971 $300,186 -0.2%
Net Income $34,452 $-13,840 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tony Griffith Director 0
Director
$0 $0 $0
Dede Jones Director 0
Director
$0 $0 $0
Richard J Callahan Jr Director 0
Director
$0 $0 $0
Jacque Poole Director 0
Director
$0 $0 $0
Molly Waits President 40
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $282,423 $247,971 $321,380 $34,452
2022 $286,346 $300,186 $286,929 $-13,840
2021 $408,983 $504,020 $300,769 $-95,037
2020 $205,013 $180,890 $395,806 $24,123
2019 $418,997 $348,293 $371,683 $70,704
2018 $318,832 $317,298 $336,376 $1,534
2017 $332,666 $346,027 $352,094 $-13,361
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