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.
85¢ of each $1 spent went to programs.
$960K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$960K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $623K in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $623K 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
$223K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+24% vs prior year
Spent
$2.6M
To programs
85%
Net assets
$880K
By yearFY2020–FY2024
Revenue
$2.4M
FY2024▲ +24%
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
$2.6M
FY2024▲ +29%
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
$880K
FY2024▼ -16%
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 (year ending August 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

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

85 cents of each dollar spent went to programs.

Program services 85% · $2.2M Management & general 12% · $321K Fundraising 4% · $96K

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

47 people listed on the 990; $960K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$141,380Pt VII · Sec A
Managing Director
$137,775Pt VII · Sec A
Marketing&website Specialist
$123,469Pt VII · Sec A
Managing Director
$109,290Pt VII · Sec A
Executive Director
$109,290Pt VII · Sec A
Business Manager
$103,751Pt VII · Sec A
Marketing&website Specialist
$100,807Pt VII · Sec A
Executive Director
$67,279Pt 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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4 programs · $4.5M · in their own filed words · FY2023
01

Mission Trips

In fiscal year 2024, bold hope took 655 trip participants on 48 mission trips to 7 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 evangelizing among muslims and hindus, continuing work on the construction of the first…

$1.5Mprogram expense
02

Mission Trips

In fiscal year 2024, bold hope took 655 trip participants on 48 mission trips to 7 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 evangelizing among muslims and hindus, continuing work on the construction of the first…

$1.5Mprogram expense
03

In 2023, bold hope took more than 612 trip participants on 41 mission trips to 5 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 evangelizing among muslims and hindus, laying the foundation for the first evangelical…

$855Kprogram expense
04

Family development programwe 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.

$741Kprogram expense

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
$2.4M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$753K
Investment incomeLn 3$15K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$321K
Fundraisingcol D$96K
Owns and owesPt X
$880K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$1.1M
LiabilitiesLn 26$223K
PeoplePt VI, VII
47
listed · VII A
PaidVII A9
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$90K
Investment incomeLn 3$15K
Other incomeLn 4–11$753K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$155K
Total assetsLn 16$1.1M
LiabilitiesLn 26$223K
Net assetsLn 32$880K
OperationsPt I, VI
EmployeesI 519
VolunteersI 621
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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

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

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