Civic Intelligence

Foundation of Hope Ministries Inc.

EIN 38-4222817 • 501(c)3 • Union Grove, NC

Pub. 78 EligibleNTEE P80

Profile

Fohm was formed to solve systemic issues with homelessness, individuals facing unstable housing, those who require assistance for a specific concern lacking the financial means to overcome it and children affected by such issues and the effects of poverty.

PO Box 26Union Grove, NC 28689
Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P80 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P80 • <$500k nonprofits • Source year 2024

Net Margin

47th percentile

6.4%

Higher net margin than 47% of similar nonprofits.

NTEE P80 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE P80 • <$500k nonprofits • Source year 2024

Asset Growth

63rd percentile

14%

Faster asset growth than 63% of similar nonprofits.

NTEE P80 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

2.1%

Faster revenue growth than 46% of similar nonprofits.

NTEE P80 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$31,172

Up $3,941 (+14%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$31,172

Up $3,941 (+14%) from 2023

Revenue

Up

$61,886

Up $1,283 (+2.1%) from 2023

Expenses

Up

$57,945

Up $17,044 (+42%) from 2023

Net Income

Down

$3,941

Down $15,761 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2022: $7,529Liabilities 2022: $0Net Assets 2022: $7,5292022Assets 2023: $27,231Liabilities 2023: $0Net Assets 2023: $27,2312023Assets 2024: $31,172Liabilities 2024: $0Net Assets 2024: $31,1722024

Highlighted filing

2024

Assets$31,172
Liabilities$0
Net Assets$31,172

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2022: $32,440Expenses 2022: $24,911Net Income 2022: $7,5292022Revenue 2023: $60,603Expenses 2023: $40,901Net Income 2023: $19,7022023Revenue 2024: $61,886Expenses 2024: $57,945Net Income 2024: $3,9412024

Highlighted filing

2024

Revenue$61,886
Expenses$57,945
Net Income$3,941

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 12, 2025
Return Version
2024v5.2
Gross Receipts
$61,886
Mission and Program Overview

Mission

Fohm was formed to solve systemic issues with homelessness, individuals facing unstable housing, those who require assistance for a specific concern lacking the financial means to overcome it and children affected by such issues and the effects of poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,231$31,172▲ $3,941
Total Assets$27,231$31,172▲ $3,941
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,231$31,172▲ $3,941
Total Net Assets Fund Balance$27,231$31,172▲ $3,941
Total Liabilities and Net Assets / Fund Balance$27,231$31,172▲ $3,941
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen KiddPresident & Secretary
Dyrita EllisBoard Member
Kathi PerkinsBoard Member
Khalil NassarBoard Member
Pamela NaveyDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,886
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,945
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
Office Expenses$1,969--$1,969
Insurance$1,311--$1,311
Other Expenses$952--$952
Advertising$521--$521
Total Functional Expenses$57,945$0$0$57,945
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 governing body review Part VI line 11

A copy of the form 990 will be presented to the board prior to filing with the internal revenue service.

Governing documents etc available to public Part VI line 19

Financial date & the form 990 are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Foundation of Hope Ministries Inc
EIN
38-4222817
In Care Of
% KAREN KIDD
Phone
7046225603
Address
PO BOX 26, UNION GROVE, NC 28689

Signing Officer

Name
Karen Kidd
Title
Director
Phone
7046225603
Signed
2025-03-12
Discuss with paid preparer
Yes

Organization Details

Formed
2022
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Angela Wokatsch Matthews CPA Pc
Address
121 B S ELM ST, STATESVILLE, NC 28677
Preparer
Angela Wokatsch Matthews
Phone
7048731040
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