Hopeco FY2022 filing

Tax-deductible

Martinsville, VA501(c)(3)EIN 58-1821149Revenue $1.3M in FY2022

On file with the IRSjoinhopeco.comPo Box 4001, 24115-4001 · Martinsville, VATax-exempt since Oct 1989Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Driven by our Christian faith and beliefs, HopeCo serves East Africa to provide quality holistic care that enables vulnerable children, their families, and communities to florish.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$199K 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

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $26K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $106K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$16K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+5% vs prior year
Spent
$1.2M
To programs
84%
Net assets
$223K
By yearFY2020–FY2024
Revenue
$1.3M
FY2022▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$684K
FY2021$1.2M
FY2022$1.3M
FY2023$1.7M
FY2024$2.4M
Expenses
$1.2M
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$755K
FY2021$1.3M
FY2022$1.2M
FY2023$1.7M
FY2024$2.0M
Net assets
$223K
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$325K
FY2021$201K
FY2022$223K
FY2023$151K
FY2024$529K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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 Oct 1989.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.0M Management & general 11% · $133K Fundraising 5% · $67K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

10 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$96,000Pt VII · Sec A
President/Cofounder
$52,500Pt VII · Sec A
Finance Director
$50,871Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alfred Lackey$96,000$6,400———
Matt Parker—$91,413$96,000$81,500$61,750
Lisa Wilkerson$55,925$51,371———
Regina Chacha$52,800$52,771$52,500$21,608$33,171
Lisa Honaker——$50,871$33,270$46,224

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.

See Hopeco executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Provides holistic care to vulnerable children, families, and communities in East Africa.

Questions for Hopeco

Tap to ask. Hopeco sees how many people are interested.

Your first name shows with your question. Hopeco answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $1.0M · in their own filed words · FY2022
01

HopeCo supports with the education and care of Tanzanian students who are studying in the USA at a Christian boarding school or at college.

$522Kprogram expense
02

Care for orphans, vulnerable children, women, and other adults in Tanzania and Kenya. HopeCo funded a children's home for 85 children, a primary school and secondary school for up to 500 children, empowerment programs for women, university education, and a medical center for an impoverished community.

$520Kprogram expense
03

Teamwork Bible College International operates under the umbrella of HopeCo to offer Christian education programs. The school provides curriculum and administration to affiliated schools who offer classes as part of various degree programs.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$106K
See all 4 funders →
Grants paid · 2 grants · $417K · 2020–2021
Unitemized GrantFY2021$404,795
Unitemized GrantFY2020$12,536

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$15K
Other incomeLn 4–11$1K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$133K
Fundraisingcol D$67K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$194K
Total assetsLn 16$239K
LiabilitiesLn 26$16K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$460K
Fees for servicesLn 2g$15K
Investment incomeLn 3$98
Other incomeLn 4–11$1K
Gains on assetsLn 7−$265
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$194K
Cash and savings togetherLn 1–2$194K
InvestmentsLn 11–13$7K
Land, buildings, equipmentLn 10c$23K
Total assetsLn 16$239K
LiabilitiesLn 26$16K
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 56
VolunteersI 63
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 FY22End FY22
Cash and savingsLn 1–2$167K$194K
InvestmentsLn 11–13$3K$7K
Land, buildings, equipmentLn 10c$25K$23K
Total assetsLn 16$220K$239K
LiabilitiesLn 26$18K$16K
Net assetsLn 32$201K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$529K$529K
Grants and assistance to foreign recipientsLn 3$211K$211K
Pay of current officers, directors and key staffLn 5$199K$83K$77K$39K
Other salaries and wagesLn 7$65K$53K$0$11K
Other employee benefitsLn 9$15K$6K$6K$3K
Payroll taxesLn 10$14K$7K$5K$3K
Management feesLn 11a$35K$35K$0$0
Legal feesLn 11b$11K$6K$3K$2K
Accounting feesLn 11c$4K$2K$1K$731
Advertising and promotionLn 12$40K$23K$16K$2K
Office expensesLn 13$8K$6K$1K$1K
Information technologyLn 14$6K$4K$934$612
OccupancyLn 16$8K$4K$2K$1K
TravelLn 17$72K$62K$10K$0
Depreciation, depletion and amortizationLn 22$2K$1K$572$375
InsuranceLn 23$5K$2K$1K$896
Other expenses (24a–d)Ln 24$19K$8K$9K$2K
Total functional expensesLn 25$1.2M$1.0M$133K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.0M$376K$529K 990 PDF
FY2023 $1.7M$1.7M−$75K$151K 990 PDF
FY2022 Viewing $1.3M$1.2M$22K$223K 990 PDF
FY2021 $1.2M$1.3M−$124K$201K 990 PDF
FY2020 $684K$755K−$71K$325K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,266,125 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,083,217$1,250,124
I-9 Program service revenuePrior year $18,929$14,634
I-10 Investment incomePrior year $4,114−$167
I-11 Other revenuePrior year $96,101$1,534
I-12 Total revenuePrior year $1,202,361$1,266,125
I-13 Grants and similar amounts paidPrior year $887,895$740,103
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $284,225$293,414
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $154,232$210,220
I-18 Total expensesPrior year $1,326,352$1,243,737
I-19 Revenue less expensesPrior year −$123,991$22,388
Part VI · Governance 6 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
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 $1,266,125 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,250,124
VIII-1g Noncash contributions (included above)$460,052
VIII-1h Total contributions, gifts and grants$1,250,124
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$14,634
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $98$98
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$265−$265
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,534 · Unrelated business $0 · Excluded from tax $0$1,534
VIII-12 Total revenueRelated to mission $16,168 · Unrelated business $0 · Excluded from tax −$167$1,266,125
Part IX · Statement of functional expenses $1,243,737 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $528,938$528,938
IX-3 Grants and assistance to foreign recipientsPrograms $211,165$211,165
IX-5 Pay of current officers, directors and key staffPrograms $83,149 · Management $77,085 · Fundraising $39,137$199,371
IX-7 Other salaries and wagesPrograms $53,453 · Management $0 · Fundraising $11,318$64,771
IX-9 Other employee benefitsPrograms $6,290 · Management $5,840 · Fundraising $2,845$14,975
IX-10 Payroll taxesPrograms $6,736 · Management $4,551 · Fundraising $3,010$14,297
IX-11a Management feesPrograms $35,400 · Management $0 · Fundraising $0$35,400
IX-11b Legal feesPrograms $5,665 · Management $3,159 · Fundraising $2,070$10,894
IX-11c Accounting feesPrograms $1,999 · Management $1,115 · Fundraising $731$3,845
IX-12 Advertising and promotionPrograms $22,653 · Management $16,049 · Fundraising $1,757$40,459
IX-13 Office expensesPrograms $5,963 · Management $1,348 · Fundraising $1,121$8,432
IX-14 Information technologyPrograms $4,103 · Management $934 · Fundraising $612$5,649
IX-16 OccupancyPrograms $4,225 · Management $2,250 · Fundraising $1,474$7,949
IX-17 TravelPrograms $62,351 · Management $9,595 · Fundraising $0$71,946
IX-22 Depreciation, depletion and amortizationPrograms $1,026 · Management $572 · Fundraising $375$1,973
IX-23 InsurancePrograms $2,453 · Management $1,368 · Fundraising $896$4,717
IX-24 Other expenses (24a–d)Programs $8,379 · Management $8,645 · Fundraising $1,932$18,956
IX-25 Total functional expensesPrograms $1,043,948 · Management $132,511 · Fundraising $67,278$1,243,737
Part X · Balance sheet $239,489 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $166,869$193,797
X-4 Accounts receivableStart of year $3,844$3,550
X-9 Prepaid expenses and deferred chargesStart of year $21,030$11,927
X-10c Land, buildings and equipment, netStart of year $24,972$22,999
X-11 Publicly traded securitiesStart of year $2,669$7,216
X-16 Total assetsStart of year $219,519$239,489
X-17 Accounts payable and accrued expensesStart of year $18,020$16,046
X-26 Total liabilitiesStart of year $18,020$16,046
X-27 Net assets without donor restrictionsStart of year $63,584$58,344
X-28 Net assets with donor restrictionsStart of year $137,915$165,099
X-32 Total net assets or fund balancesStart of year $201,499$223,443
X-33 Total liabilities and net assetsStart of year $219,519$239,489
Part XI · Reconciliation of net assets $223,443 net assets at year end
XI-1 Total revenue$1,266,125
XI-2 Total expenses$1,243,737
XI-3 Revenue less expenses$22,388
XI-4 Net assets at start of year$201,499
XI-5 Net unrealized gains (losses) on investments−$444
XI-10 Net assets at end of year$223,443

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.