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Vincit Hope INC

Tax-deductible

Chattanooga, TN501(c)(3)Human ServicesEIN 87-2552990Revenue $230K in FY2024

On file with the IRSvincithope.orgPo Box 25093, 37422-5093 · Chattanooga, TNTax-exempt since Mar 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To help our people in emergencies to maintain the dignity and integrity of family through financial assistance.

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
Run by 29 volunteers.
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
4 of 4
filings with a surplus
Average surplus $162K a year · 75% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
96 mo
of spending, in cash
Looks good: 95.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$230K
+12% vs prior year
Spent
$81K
To programs
45%
Net assets
$649K
By yearFY2021–FY2024
Revenue
$230K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$225K
FY2022$199K
FY2023$206K
FY2024$230K
Expenses
$81K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$4K
FY2022$48K
FY2023$78K
FY2024$81K
Net assets
$649K
FY2024▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2021$221K
FY2022$372K
FY2023$500K
FY2024$649K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $37K Management & general 28% · $23K Fundraising 27% · $22K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Gene Boulware
Executive Director
$0Pt VII · Sec A
Amy Lou Yancy
Select Committee Co-Chair
$0Pt VII · Sec A
Allison Young
Select Committee Co-Chair
$0Pt VII · Sec A
Andrew Bacon
Select Committee Member
$0Pt VII · Sec A
Ben Pesigan
Select Committee Member
$0Pt VII · Sec A
Beverly Cash
Select Committee Member
$0Pt VII · Sec A
Daniel a Peterman
Select Committee Member
$0Pt VII · Sec A
See Vincit Hope INC executive salaries →

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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 15aNo

Programs and updates

Provides emergency financial aid to help families maintain dignity and integrity.

Questions for Vincit Hope INC

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Provided by the organization

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1 program · $37K · in their own filed words · FY2024
01

To help our people in emergencies to maintain the dignity and integrity of family through financial assistance.

$37Kprogram 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 · FY2022
National Philanthropic TrustFY2022$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 17 grants · $27K · 2023–2024
Unitemized GrantFY2024$4,828
Unitemized GrantFY2024$3,850
Unitemized GrantFY2024$2,500
Unitemized GrantFY2024$1,600
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$750
Unitemized GrantFY2024$458
Unitemized GrantFY2024$225
Unitemized GrantFY2024$225
Unitemized GrantFY2024$225
Unitemized GrantFY2023$4,350
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$1,000
Unitemized GrantFY2023$1,000
Unitemized GrantFY2023$750

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$230K
Ln 12
Gifts and grantsLn 1h$209K
Investment incomeLn 3$21K
Money outPt IX
$81K
Ln 25
Programscol B$37K
Managementcol C$23K
Fundraisingcol D$22K
Owns and owesPt X
$649K
net assets · Ln 32
Cash and savingsLn 1–2$649K
Total assetsLn 16$649K
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$209K
Noncash giftsLn 1g$900
Investment incomeLn 3$21K
Total revenueLn 12$230K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$619K
Cash and savings togetherLn 1–2$649K
Total assetsLn 16$649K
LiabilitiesLn 26$0
Net assetsLn 32$649K
OperationsPt I, VI
EmployeesI 50
VolunteersI 629
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$500K$649K
Total assetsLn 16$500K$649K
LiabilitiesLn 26$0$0
Net assetsLn 32$500K$649K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37K$37K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$12K$12K
Information technologyLn 14$610$610
Other expenses (24a–d)Ln 24$23K$119$1K$22K
Total functional expensesLn 25$81K$37K$23K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $230K$81K$149K$649K 990 PDF
FY2023 $206K$78K$128K$500K 990 PDF
FY2022 $199K$48K$150K$372K 990 PDF
FY2021 $225K$4K$221K$221K 990 PDF

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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 FY2024 990 (6 parts)
Part I · Summary $230,204 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,369$209,475
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,986$20,729
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $206,355$230,204
I-13 Grants and similar amounts paidPrior year $24,628$36,634
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $53,484$44,692
I-18 Total expensesPrior year $78,112$81,326
I-19 Revenue less expensesPrior year $128,243$148,878
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $230,204 across 5 lines filed
VIII-1f All other contributions, gifts and grants$209,475
VIII-1g Noncash contributions (included above)$900
VIII-1h Total contributions, gifts and grants$209,475
VIII-3 Investment incomeExcluded from tax $20,729$20,729
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,729$230,204
Part IX · Statement of functional expenses $81,326 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $36,634$36,634
IX-11b Legal feesManagement $8,617$8,617
IX-11c Accounting feesManagement $12,209$12,209
IX-14 Information technologyManagement $610$610
IX-24 Other expenses (24a–d)Programs $119 · Management $1,077 · Fundraising $22,060$23,256
IX-25 Total functional expensesPrograms $36,753 · Management $22,513 · Fundraising $22,060$81,326
Part X · Balance sheet $648,742 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $28,546$29,279
X-2 Savings and temporary cash investmentsStart of year $471,318$619,463
X-16 Total assetsStart of year $499,864$648,742
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $499,864$648,742
X-32 Total net assets or fund balancesStart of year $499,864$648,742
X-33 Total liabilities and net assetsStart of year $499,864$648,742
Part XI · Reconciliation of net assets $648,742 net assets at year end
XI-1 Total revenue$230,204
XI-2 Total expenses$81,326
XI-3 Revenue less expenses$148,878
XI-4 Net assets at start of year$499,864
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$648,742

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

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