ASIAN HOPE INC

EIN: 841553945 501(c)(3) Philanthropy & Grantmaking

FOREST, VA

Total Revenue
$7,149,638
Total Expenses
$7,088,977
Total Assets
$5,636,210
Net Assets
$3,231,871
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Tax Period
2023-08-01 to 2024-07-31

ASIAN HOPE INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.8M in total revenue in fiscal year 2017. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 12% surplus.

Mission

BY ALTERING THE FUTURE OF VULNERABLE CHILDREN IN CAMBODIA THROUGH LIFE CHANGING PROGRAMS OF CHRISTIAN EDUCATION AND COMMUNITY DEVELOPMENT, ASIAN HOPE IS CREATING A GENERATION OF COMPASSIONATE, EQUIPPED, CHRISTIAN LEADERS.

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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 $756,006
Program Service Revenue $6,316,202
Investment Income $77,430
Other Revenue $0
TOTAL REVENUE $7,149,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,180,028
Fundraising Expenses $106,462
Program Expenses $6,808,674
Other Expenses $2,904,789
TOTAL EXPENSES $7,088,977

Year-over-Year Comparison

2023 2022 Change
Revenue $7,149,638 $6,719,542 +0.1%
Expenses $7,088,977 $6,449,528 +0.1%
Net Income $60,661 $270,014 -0.8%
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
38
Volunteers
80

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
$0
Total Directors
5
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM HOY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT WOLF BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT STONEBREAKER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID A DOLAN TREASURER 1.00
Officer Director
$0 $0 $0
JON SCHUBERT CHAIRMAN 2.00
Officer Director
$0 $0 $0
PAUL TESI PRESIDENT & CEO 20.00
Key Emp
$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 $7,149,638 $7,088,977 $5,636,210 $60,661
2023 $6,719,542 $6,449,528 $3,484,328 $270,014
2022 $5,903,328 $5,462,109 $3,158,313 $441,219
2021 $4,911,610 $4,715,130 $2,771,563 $196,480
2020 $4,613,142 $4,191,655 $2,615,579 $421,487
2020 $4,613,142 $4,191,655 $2,615,579 $421,487
2019 $4,168,856 $3,663,389 $2,126,617 $505,467
2018 $3,841,828 $3,369,184 $1,726,210 $472,644
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