Bold Hope exists to combat spiritual, economical, and familial poverty by providing Hope to some of the world's most vulnerable people. Through community engagement, sustainability, and kingdom preparation we strive to resolve all forms of poverty and make a lasting impact on those we serve. We seek to serve not only individuals and families, but whole communities. Our purpose is to tackle each physical need that presents itself, all while sharing the love of christ.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 21 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $89K a year · 5% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$343K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $538K in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $538K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $162K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$312K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+26% vs prior year
Spent
$2.8M
To programs
78%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$1.9M
FY2024$2.4M
FY2024$3.0M
Expenses
$2.8M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.0M
FY2024$2.6M
FY2024$2.8M
Net assets
$1.1M
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.0M
FY2024$880K
FY2024$1.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.2M Management & general 15% · $420K Fundraising 7% · $195K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $343K paid to officers and key staff.

Part VII, Section A · reportable compensation
Managing Director
$115,797Pt VII · Sec A
Executive Director
$115,762Pt VII · Sec A
Technical & Creative Lead
$111,033Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Matthew Jones’s $116K as Managing Director is at the 39th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Christopher Daugaard—$123,469———
Matthew Jones$115,797$67,279$101,360$102,808$99,000
Andrew Jones$115,762$67,279$101,360$102,808$99,000
Chris Daugaard$111,033————
Rosita Chomik—$103,751———
Rachel Miller——$29,964$16,962$14,532

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects and empowers people worldwide through service and sponsorship to transform lives and share the Gospel.

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Provided by the organization

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3 programs · $2.2M · in their own filed words · FY2024
01

Mission trips -in fiscal year 2025, bold hope took 712 trip participants on 60 mission trips to 3 countries to support the good work that our partners faithfully carry out year-round. Our teams served in various ways in impoverished communities by doing things like health assessments for all of the children in our family development…

$1.2Mprogram expense
02

Family Development Program

We have transitioned from a child development program to a family development program. This transition to a more holistic ministry approach was born out of the belief that behind every child is a family, and behind that family is a community.

$1.0Mprogram expense
03

EVENTS/FUNDRAISING campaigns-our fundraising efforts in fiscal year 2025 allowed us to continue to expand our reach around the world. The money raised through various events and fundraising campaigns was used to increase the effectiveness of our family development program, including development and educational work in belize.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$216K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.2M
Managementcol C$420K
Fundraisingcol D$195K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$1.4M
LiabilitiesLn 26$312K
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$16K
Other incomeLn 4–11$216K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$174K
Cash and savings togetherLn 1–2$174K
InvestmentsLn 11–13$538K
Land, buildings, equipmentLn 10c$506K
Other assetsLn 15$139K
Total assetsLn 16$1.4M
LiabilitiesLn 26$312K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 519
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$94K$174K
InvestmentsLn 11–13$573K$538K
Land, buildings, equipmentLn 10c$327K$506K
Total assetsLn 16$1.1M$1.4M
LiabilitiesLn 26$264K$312K
Net assetsLn 32$833K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.2M$845K$180K$144K
Other employee benefitsLn 9$108K$58K$21K$29K
Payroll taxesLn 10$90K$54K$24K$12K
Legal feesLn 11b$53K$53K
Advertising and promotionLn 12$29K$19K$11K
Office expensesLn 13$58K$12K$46K
OccupancyLn 16$28K−$11K$39K
TravelLn 17$805K$804K$798
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$32K$21K$11K
Other expenses (24a–d)Ln 24$339K$293K$46K
All other expensesLn 24e$86K$86K$456
Total functional expensesLn 25$2.8M$2.2M$420K$195K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.4M$2.6M−$208K$880K 990 PDF
FY2023 Not on file
FY2022 $1.9M$2.0M−$83K$1.0M 990 PDF
FY2021 $1.6M$1.6M$73K$1.3M 990 PDF
FY2020 $1.2M$1.3M−$137K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,031,473 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,233,107$1,292,018
I-9 Program service revenuePrior year $0$1,507,684
I-10 Investment incomePrior year $650$15,843
I-11 Other revenuePrior year $146,558$215,928
I-12 Total revenuePrior year $2,380,315$3,031,473
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,225,932$1,366,516
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,409,318$1,482,290
I-18 Total expensesPrior year $2,635,250$2,848,806
I-19 Revenue less expensesPrior year −$254,935$182,667
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,031,473 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,292,018
VIII-1h Total contributions, gifts and grants$1,292,018
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,507,684$1,507,684
VIII-3 Investment incomeRelated to mission $15,843$15,843
VIII-8 Net income from fundraising eventsExcluded from tax $215,928$215,928
VIII-12 Total revenueRelated to mission $1,523,527 · Unrelated business $0 · Excluded from tax $215,928$3,031,473
Part IX · Statement of functional expenses $2,848,806 across 13 lines filed
IX-7 Other salaries and wagesPrograms $844,869 · Management $180,466 · Fundraising $143,556$1,168,891
IX-9 Other employee benefitsPrograms $57,884 · Management $20,749 · Fundraising $28,973$107,606
IX-10 Payroll taxesPrograms $54,227 · Management $24,073 · Fundraising $11,719$90,019
IX-11b Legal feesPrograms $52,903$52,903
IX-12 Advertising and promotionPrograms $18,547 · Fundraising $10,836$29,383
IX-13 Office expensesPrograms $12,352 · Management $45,664$58,016
IX-16 OccupancyPrograms −$10,525 · Management $38,979$28,454
IX-17 TravelPrograms $803,746 · Management $798$804,544
IX-20 InterestManagement $4,076$4,076
IX-22 Depreciation, depletion and amortizationManagement $47,882$47,882
IX-23 InsurancePrograms $21,228 · Management $10,792$32,020
IX-24 Other expenses (24a–d)Programs $293,126 · Management $45,890$339,016
IX-24e All other expensesPrograms $85,540 · Management $456$85,996
IX-25 Total functional expensesPrograms $2,233,897 · Management $419,825 · Fundraising $195,084$2,848,806
Part X · Balance sheet $1,379,413 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $94,267$173,671
X-4 Accounts receivableStart of year $14,400$21,923
X-10c Land, buildings and equipment, netStart of year $326,631$506,318
X-12 Other securitiesStart of year $572,625$538,254
X-15 Other assetsStart of year $89,697$139,247
X-16 Total assetsStart of year $1,097,620$1,379,413
X-17 Accounts payable and accrued expensesStart of year $80,510$48,669
X-25 Other liabilitiesStart of year $33,967$116,804
X-26 Total liabilitiesStart of year $264,325$311,706
X-27 Net assets without donor restrictionsStart of year $758,732$993,144
X-28 Net assets with donor restrictionsStart of year $74,563$74,563
X-32 Total net assets or fund balancesStart of year $833,295$1,067,707
X-33 Total liabilities and net assetsStart of year $1,097,620$1,379,413
Part XI · Reconciliation of net assets $1,067,707 net assets at year end
XI-1 Total revenue$3,031,473
XI-2 Total expenses$2,848,806
XI-3 Revenue less expenses$182,667
XI-4 Net assets at start of year$833,295
XI-5 Net unrealized gains (losses) on investments$51,745
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,067,707

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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