FOUNDATIONS FOR HOPE INC

EIN: 833497398 501(c)(3) Human Services

TRUSSVILLE, AL

Total Revenue
$759,066
Total Expenses
$631,163
Total Assets
$1,096,569
Net Assets
$1,089,041
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Principal Officer
RANDALL V TREGLOWN
Phone
2055919111
Tax Period
2023-01-01 to 2023-12-31

FOUNDATIONS FOR HOPE INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $403K in total revenue in fiscal year 2019. The organization ran a surplus of $394K, a strong 98% operating margin.

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.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $748,497
Program Service Revenue $0
Investment Income $24,999
Other Revenue $-14,430
TOTAL REVENUE $759,066

Expense Breakdown

Grants Paid $233,324
Salaries & Benefits $129,113
Fundraising Expenses $47,993
Program Expenses $529,290
Other Expenses $268,726
TOTAL EXPENSES $631,163

Year-over-Year Comparison

2023 2022 Change
Revenue $759,066 $449,946 +0.7%
Expenses $631,163 $259,366 +1.4%
Net Income $127,903 $190,580 -0.3%
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
3
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
2
$60,000
Total Directors
5
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL TREGLOWN CHAIRMAN 1.00
Officer Director
$30,000 $0 $30,000
MATTHEW MULLINAX VICE CHAIRMAN 1.00
Officer Director
$30,000 $0 $30,000
MARTIN ADAMS DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY GARDNER DIRECTOR 1.00
Director
$0 $0 $0
GINGER TREGLOWN DIRECTOR 1.00
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 $759,066 $631,163 $1,096,569 $127,903
2022 $449,946 $259,366 $962,985 $190,580
2021 $299,752 $123,657 $776,284 $176,095
2020 $292,035 $89,134 $597,289 $202,901
2019 $402,794 $8,406 $394,388 $394,388
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