Civic Intelligence

Project Hope Food Bank Inc

EIN 26-1737554 • 501(c)3 • Hot Springs, AR

Profile

Providing affordable and healthy food to food pantries and feeding programs that serve those at risk of hunger in west central arkansas.

PO Box 39Hot Springs, AR 71902

www.projecthopefoodbank.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.14x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.08x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

47th percentile

3.2%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$34,014

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

75th percentile

16%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

1.3%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$841,958

Up $114,050 (+16%) from 2023

Liabilities

Up

$119,964

Up $68,917 (+135%) from 2023

Net Assets

Up

$721,994

Up $45,133 (+6.7%) from 2023

Revenue

Up

$1,430,175

Up $17,998 (+1.3%) from 2023

Expenses

Up

$1,385,042

Up $72,188 (+5.5%) from 2023

Net Income

Down

$45,133

Down $54,190 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $285,670Liabilities 2017: $0Net Assets 2017: $285,6702017Assets 2018: $272,659Liabilities 2018: $0Net Assets 2018: $272,6592018Assets 2019: $207,512Liabilities 2019: $0Net Assets 2019: $207,5122019Assets 2020: $444,797Liabilities 2020: $48,835Net Assets 2020: $395,9622020Assets 2021: $631,111Liabilities 2021: $31,942Net Assets 2021: $599,1692021Assets 2022: $609,986Liabilities 2022: $32,448Net Assets 2022: $577,5382022Assets 2023: $727,908Liabilities 2023: $51,047Net Assets 2023: $676,8612023Assets 2024: $841,958Liabilities 2024: $119,964Net Assets 2024: $721,9942024

Highlighted filing

2024

Assets$841,958
Liabilities$119,964
Net Assets$721,994

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $788,484Expenses 2017: $699,958Net Income 2017: $88,5262017Revenue 2018: $732,884Expenses 2018: $745,895Net Income 2018: -$13,0112018Revenue 2019: $762,002Expenses 2019: $827,149Net Income 2019: -$65,1472019Revenue 2020: $984,193Expenses 2020: $795,743Net Income 2020: $188,4502020Revenue 2021: $1,004,018Expenses 2021: $800,811Net Income 2021: $203,2072021Revenue 2022: $1,268,880Expenses 2022: $1,290,511Net Income 2022: -$21,6312022Revenue 2023: $1,412,177Expenses 2023: $1,312,854Net Income 2023: $99,3232023Revenue 2024: $1,430,175Expenses 2024: $1,385,042Net Income 2024: $45,1332024

Highlighted filing

2024

Revenue$1,430,175
Expenses$1,385,042
Net Income$45,133

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$1,430,175
Mission and Program Overview

Mission

Providing affordable and healthy food to food pantries and feeding programs that serve those at risk of hunger in west central arkansas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$189,262$243,259▲ $53,997
Savings and Temporary Cash Investments$162,818$204,455▲ $41,637
Cash and Non-Interest-Bearing Accounts$201,652$180,229▼ $21,423
Land, Buildings, and Equipment, Net$141,906$145,098▲ $3,192
Accounts Receivable$22,051$57,524▲ $35,473
Total Assets$727,908$841,958▲ $114,050
Other Assets Total$10,219$11,393▲ $1,174
Liabilities
Accounts Payable and Accrued Expenses$21,550$50,690▲ $29,140
Other Liabilities$2,273$42,050▲ $39,777
Deferred Revenue$27,224$27,224→ $0
Total Liabilities$51,047$119,964▲ $68,917
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$666,642$653,817▼ $12,825
Net Assets With Donor Restrictions$10,219$68,177▲ $57,958
Total Net Assets Fund Balance$676,861$721,994▲ $45,133
Total Liabilities and Net Assets / Fund Balance$727,908$841,958▲ $114,050

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$145,098$234,196$379,294
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca ChoteSecretaryFT$34,014$34,014

Board Members and Trustees

NameTitle
Carol DickinsonPresident
Doug ArnoldDirector
Gene PhillipsDirector
Janie SmithDirector
John VinesDirector
Kermit TuckerDirector
L Thomas JonesDirector
Lindell TrimbleDirector
Mark FleischnerDirector
Sandra PowersDirector
Sierra KestersonDirector
Tonya BaierDirector
Ted ThompsonExecutive Di
Stephen BlascheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$509,149
Program Service Revenue
$913,051
Investment Income
$7,975
Other Revenue
$0
All Other Contributions
$509,149
Change in Net Assets
$45,133

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$29,833
Total Noncash Contributions1$29,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,430,175
Total Revenue per Audited Statements
$1,430,175
Total Revenue per Form 990
$1,430,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,314,601
Salaries, Compensation, and Employee Benefits$70,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,238$7,045-$37,283
Depreciation Depletion$29,864$3,318-$33,182
Current Officers, Directors, Trustees, and Key Employees$33,158--$33,158
Occupancy$24,600$2,733-$27,333
Fees for Services Accounting-$11,800-$11,800
Insurance$5,891$655-$6,546
Office Expenses-$2,728-$2,728
Other Expenses$1,220$136-$1,356
Fees for Services Legal-$1,300-$1,300
All Other Expenses$-6,463$-719-$-7,182
Total Functional Expenses$1,355,721$29,321$0$1,385,042

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,385,042
Total Expenses per Audited Statements$1,385,042
Total Expenses per Form 990$1,385,042
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Pre-payment$33,745
Credit Card Payable$5,453
Payroll Liabilities$2,852
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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

Governing body is provided a copy of the form 990 to review prior to filing. Governing body reviews both the financial data as well as other information for accuracy

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Project Hope Food Bank Inc
EIN
26-1737554
Phone
5016233663
Address
PO BOX 39, HOT SPRINGS, AR 71902

Signing Officer

Name
Ted Thompson
Title
Executive Director
Phone
5016233663
Signed
2025-05-07

Organization Details

Principal Officer
Ted Thompson
Formed
2009
Legal Domicile
Ar
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
25

Preparer

Firm
Ellis & Moore LLC
Address
1720 HIGDON FERRY RD STE 101, HOT SPRINGS, AR 71913-7212
Preparer
Christina Ellis
Phone
5016245788
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Warehouse management and packaging and delivering food

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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0424000
IRS990/ProgramServiceRevenueGrp/Desc0FOOD DISTRIBUTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0913051
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0913051
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0575808
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04158
IRS990/PYOtherExpensesAmt01259004
IRS990/PYProgramServiceRevenueAmt0832211
IRS990/PYRevenuesLessExpensesAmt099323
IRS990/PYSalariesCompEmpBnftPaidAmt053850
IRS990/PYTotalExpensesAmt01312854
IRS990/PYTotalRevenueAmt01412177
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt045133
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0913051
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162818
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0204455
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt02,316
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0509149
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0575808
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0480608
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0504188
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt042115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02111868
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt079
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0921026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0836369
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0788796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0499830
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0927683
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03973704
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt079
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt079
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02316
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02316
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt06085572
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01430175
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01412177
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01269404
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01004018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0969798
IRS990ScheduleA/Total509Grp/TotalAmt06085572
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01430175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01412177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01269404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01004018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0972193
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06087967
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01385042
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0145098
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0234196
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0379294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22852
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER PRE-PAYMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt01430175
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145098
IRS990ScheduleD/TotalExpensesPerForm990Amt01385042
IRS990ScheduleD/TotalLiabilityAmt042050
IRS990ScheduleD/TotalRevenuePerForm990Amt01430175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01430175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01385042
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt029833
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WAREHOUSE MANAGEMENT AND PACKAGING AND DELIVERING FOOD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY IS PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING. GOVERNING BODY REVIEWS BOTH THE FINANCIAL DATA AS WELL AS OTHER INFORMATION FOR ACCURACY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0727908
IRS990/TotalAssetsEOYAmt0841958
IRS990/TotalAssetsGrp/BOYAmt0727908
IRS990/TotalAssetsGrp/EOYAmt0841958
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0509149
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01355721
IRS990/TotalFunctionalExpensesGrp/TotalAmt01385042
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051047
IRS990/TotalLiabilitiesEOYAmt0119964
IRS990/TotalLiabilitiesGrp/BOYAmt051047
IRS990/TotalLiabilitiesGrp/EOYAmt0119964
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0676861
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0721994
IRS990/TotalProgramServiceExpensesAmt01355721
IRS990/TotalProgramServiceRevenueAmt0913051
IRS990/TotalReportableCompFromOrgAmt034014
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0921026
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01430175
IRS990/TotalVolunteersCnt025

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