Civic Intelligence

Blessed Hope Ministries Inc

990 • Fiscal year 2016 • EIN 11-3677539

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 05, 2017

Organization Profile
1628 Carswell RoadValdese, NC 28690

(828) 448-2574

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

34th percentile

-2.9%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

-$149

No earlier filing loaded for comparison.

Net Assets

-$2,765

No earlier filing loaded for comparison.

Liabilities

$2,616

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin34th percentile

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.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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
Open 2016 Filing
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
Top Officer Pay75th percentile

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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 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.
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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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID K BLANTON CPA PA
ReturnHeader/ReturnTs02017-07-18T09:55:47-04:00
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ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
-$149
Liabilities
$2,616
Net assets
-$2,765
Revenue
$40,416
Expenses
$41,580
Net income
-$1,164
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