Civic Intelligence

Blessed Hope Ministries Inc

EIN 11-3677539 • 501(c)3 • Valdese, NC

Profile

Assistance for troubled youth.

1628 Carswell RoadValdese, NC 28690
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-$149

No earlier filing loaded for comparison.

Liabilities

$2,616

No earlier filing loaded for comparison.

Net Assets

-$2,765

No earlier filing loaded for comparison.

Operations

Revenue

$40,416

No earlier filing loaded for comparison.

Expenses

$41,580

No earlier filing loaded for comparison.

Net Income

-$1,164

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0K$2.0K$0-$2.0K-$4.0KAssets 2016: -$149Liabilities 2016: $2,616Net Assets 2016: -$2,7652016

Highlighted filing

2016

Assets-$149
Liabilities$2,616
Net Assets-$2,765

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2016: $40,416Expenses 2016: $41,580Net Income 2016: -$1,1642016

Highlighted filing

2016

Revenue$40,416
Expenses$41,580
Net Income-$1,164

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.15$2.62$2.77$40.4$41.6$1.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 5, 2017
Return Version
2016v3.0
Gross Receipts
$40,416
Mission and Program Overview

Mission

Assistance for troubled youth.

Assistance for troubled youth

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$743$-149▼ $892
Total Assets$743$-149▼ $892
Liabilities
Accounts Payable and Accrued Expenses$2,344$2,616▲ $272
Total Liabilities$2,344$2,616▲ $272
Net Assets / Fund Balance
Unrestricted Net Assets$-1,601$-2,765▼ $1,164
Total Net Assets Fund Balance$-1,601$-2,765▼ $1,164
Total Liabilities and Net Assets / Fund Balance$743$-149▼ $892

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$8,600$8,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
John G WhisnantPresident
Blaine HudsonTrustee
Lee DavisTrustee
Crystal I WhisnnantSecretary
Patrick PhippsTreasurer
Kenneth FradyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$40,416
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$40,416
Change in Net Assets
$-1,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$24,203--$24,203
Travel$5,186--$5,186
Insurance$1,803--$1,803
Interest$414--$414
Other Expenses$4,217$288-$288
Office Expenses$181--$181
All Other Expenses$115--$115
Total Functional Expenses$36,119$5,461$0$41,580
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John Crystal WhisnantOfficersRentsNo$7,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 part iii, line 4d-all other accomplishments in the year 2015, blessed hope ministries inc attended to the needs of five youmg men. These young men came from diverse inter city social and economic backgrounds. Each young man had expereinced social and academci challemges. The ministry provided for the physical and educational needs of these young men as well as training, encouragment and instruction to progress their social and moral behavior. Form 990, part vi, line 11b - organizations's process to review form 990 no review was or will be conducted form 990, part vi, line 19 - governing documents disclosure explanation no documents available to the public

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Blessed Hope Ministries Inc
EIN
11-3677539
Phone
8284482574
Address
1628 CARSWELL ROAD, VALDESE, NC 28690

Signing Officer

Name
John G Whisnant
Title
President
Phone
8284482574
Signed
2017-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John G Whisnant
Formed
2003
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
4
Employees
0

Preparer

Firm
David K Blanton CPA Pa
Address
27 1ST AVE NE STE 101, HICKORY, NC 28601
Preparer
David K Blanton CPA Pa
Phone
8283241830
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

In the yeard 2014 blessed hope ministries inc attended to the needs of four young men. These young men come from diverse social, and economic backgrounds. Each young man has experienced social and academic challenges. Blessed hope has provided for the physical and educational needs of these young men, as well as training, encouragement, and instruction to progress their social and moral behavior.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 PART III, LINE 4D-ALL OTHER ACCOMPLISHMENTS IN THE YEAR 2015, BLESSED HOPE MINISTRIES INC ATTENDED TO THE NEEDS OF FIVE YOUMG MEN. THESE YOUNG MEN CAME FROM DIVERSE INTER CITY SOCIAL AND ECONOMIC BACKGROUNDS. EACH YOUNG MAN HAD EXPEREINCED SOCIAL AND ACADEMCI CHALLEMGES. THE MINISTRY PROVIDED FOR THE PHYSICAL AND EDUCATIONAL NEEDS OF THESE YOUNG MEN AS WELL AS TRAINING, ENCOURAGMENT AND INSTRUCTION TO PROGRESS THEIR SOCIAL AND MORAL BEHAVIOR. FORM 990, PART VI, LINE 11B - ORGANIZATIONS'S PROCESS TO REVIEW FORM 990 NO REVIEW WAS OR WILL BE CONDUCTED FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC
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