Liabilities / Assets
34th percentile
Higher debt load relative to assets than 34% of similar nonprofits.
Hands of Hope Inc.
EIN 73-1400154 • 501(c)3 • Durant, OK
Pub. 78 Eligible
Profile
To provide hope to the hopeless by providing food to those in need, both to the individuals as well as surrounding food banks.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
24th percentile
Higher debt load relative to revenue than 24% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Balance Sheet
Assets
Up$573,445
Up $154,889 (+37%) from 2023
Liabilities
Up$8,063
Up $1,599 (+25%) from 2023
Net Assets
Up$565,382
Up $153,290 (+37%) from 2023
Revenue
Up$2,610,421
Up $267,020 (+11%) from 2023
Expenses
Up$2,457,131
Up $148,512 (+6.4%) from 2023
Net Income
Up$153,290
Up $118,508 (+341%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $573,445
- Liabilities
- $8,063
- Net assets
- $565,382
- Revenue
- $2,610,421
- Expenses
- $2,457,131
- Net income
- $153,290
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 28, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $2,610,421
Mission and Program Overview
Mission
To provide hope to the hopeless by providing food to those in need, both to the individuals as well as surrounding food banks.
To provide hope to the hopeless by providing food to those in need.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Inventories for Sale or Use | $142,191 | $204,533 | ▲ $62,342 |
| Cash and Non-Interest-Bearing Accounts | $184,004 | $202,155 | ▲ $18,151 |
| Land, Buildings, and Equipment, Net | $74,938 | $153,926 | ▲ $78,988 |
| Accounts Receivable | $14,392 | $9,809 | ▼ $4,583 |
| Prepaid Expenses and Deferred Charges | $1,398 | $1,779 | ▲ $381 |
| Total Assets | $418,556 | $573,445 | ▲ $154,889 |
| Other Assets Total | $1,633 | $1,243 | ▼ $390 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $4,754 | $6,627 | ▲ $1,873 |
| Mortgage Notes Payable Secured by Investment Property | $1,710 | $1,436 | ▼ $274 |
| Total Liabilities | $6,464 | $8,063 | ▲ $1,599 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $393,370 | $532,974 | ▲ $139,604 |
| Net Assets With Donor Restrictions | $18,722 | $32,408 | ▲ $13,686 |
| Total Net Assets Fund Balance | $412,092 | $565,382 | ▲ $153,290 |
| Total Liabilities and Net Assets / Fund Balance | $418,556 | $573,445 | ▲ $154,889 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $38,761 | $38,985 | $77,746 |
| Leasehold Improvements | $70,286 | $4,702 | $74,988 |
| Other Land Buildings | $44,879 | $9,130 | $54,009 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Sue Stanfield | Vice Preside | FT | $40,708 | $1,454 | $42,162 |
Board Members and Trustees
| Name | Title |
|---|---|
| Jeremy Sheriff | President |
| Margaret Blankenship | Secretary/tr |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $2,603,965
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $6,456
- All Other Contributions
- $2,603,965
- Change in Net Assets
- $153,290
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- Yes
- Third parties used for noncash contributions
- No
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Food Inventory | 1,286,510 | $2,230,291 | Average Price Per Pound |
| Cars and Other Vehicles | 1 | $7,200 | Fair Market Value (FMV) |
| Total Noncash Contributions | 1,286,511 | $2,237,491 | - |
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $2,200,737 |
| Other Expenses | $148,375 |
| Salaries, Compensation, and Employee Benefits | $108,019 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $2,198,206 | - | - | $2,198,206 |
| Other Salaries and Wages | $60,036 | - | - | $60,036 |
| Occupancy | $24,085 | $28,255 | - | $52,340 |
| Current Officers, Directors, Trustees, and Key Employees | $29,513 | $12,649 | - | $42,162 |
| Office Expenses | $5,045 | $10,010 | - | $15,055 |
| Depreciation Depletion | - | $13,739 | - | $13,739 |
| Insurance | $2,005 | $8,781 | - | $10,786 |
| Payroll Taxes | $4,353 | $431 | - | $4,784 |
| All Other Expenses | $2,245 | $1,299 | - | $3,544 |
| Grants to Domestic Orgs | $2,531 | - | - | $2,531 |
| Other Expenses | $3,209 | $2,322 | - | $2,322 |
| Fees for Services Accounting | - | $1,950 | - | $1,950 |
| Fees for Services Other | - | $1,584 | - | $1,584 |
| Advertising | - | $1,481 | - | $1,481 |
| Information Technology | - | $1,120 | - | $1,120 |
| Travel | $1,051 | - | - | $1,051 |
| Other Employee Benefits | $1,037 | - | - | $1,037 |
| Interest | - | $530 | - | $530 |
| Fees for Services Legal | - | $206 | - | $206 |
| Total Functional Expenses | $2,372,774 | $84,357 | $0 | $2,457,131 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Annual disclosure for covered persons
- Yes
- 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
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 6
“The organization has one class of members consisting of the board of trustees that will serve as voting members.”
Form 990, Page 6, Part VI, Line 7A
“The board of trustees, the voting members, have the authority to select the members of the board of trustees. The board of trustees is the governing body of the organization.”
Form 990, Page 6, Part VI, Line 7B
“The voting members of the organization consist of the members of the board of trustees. The board of trustees have the authority to make all governance decisions of the organization.”
Form 990, Page 6, Part VI, Line 11B
“The form 990 is prepared by an independent cpa firm. Upon initial completion, the form 990 is provided to the person in charge of the books and records for review. Once the return has been reviewed and approved, it is emailed to the board of trustees for their review and comment prior to filing with the internal revenue service.”
Form 990, Page 6, Part VI, Line 12C
“The conflict of interest policy covers any trustee, officer, or key employee who has an interest in a contract, salary negotiation, or other transaction presented to the board. If a conflict exists, the person involved shall not vote on, or exert his personal influence in the discussions of the transaction.”
Form 990, Page 6, Part VI, Line 15A
“The organization provides compensation to the vice president of the organization. The compensation is written in the minutes, voted on by the independent members of the board, and established using outside data.”
Form 990, Page 6, Part VI, Line 15B
“No other officers receive compensation.”
Form 990, Page 6, Part VI, Line 19
“The governing documents, conflict of interest policy, and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Hands of Hope Inc
- EIN
- 73-1400154
- Phone
- 5809201791
- Address
- 724 W MAIN ST, DURANT, OK 74701
Signing Officer
- Name
- Jeremy Sheriff
- Title
- President
- Phone
- 5809201791
- Signed
- 2025-05-28
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jeremy Sheriff
- Formed
- 1992
- Legal Domicile
- Ok
- Voting Board Members
- 3
- Independent Board Members
- 2
- Employees
- 6
- Volunteers
- 85
Preparer
- Firm
- Sommerville & Associates Pc
- Address
- 2726 MATLOCK RD, ARLINGTON, TX 76015
- Preparer
- Elaine L Sommerville CPA
- Phone
- 8177955046
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Our mission is to give hope to the hopeless, changing the next generation by loving and teaching one family at a time. God is real and alive. He has a plan for their lives because he loves them illness and poverty are not his plans, so we do everything possible to serve our community, whether it be with medicine, help with utilities, bus tickets, room for the homeless, or, as always, food and prayer. It is our heart to serve the community with selflessness and love in whatever ways we can.”
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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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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 9809 |
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| IRS990/CYOtherRevenueAmt | 0 | 6456 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 13739 |
| IRS990/Desc | 0 | HANDS OF HOPE PROVIDES HOPE TO THE HOPELESS BY PROVIDING FOOD TO THOSE IN NEED. IN 2024, THE ORGANIZATION PROVIDED 132,200 INDIVIDUALS WITH 1,117,153 POUNDS OF FOOD. THE ORGANIZATION ALSO PROVIDES NEEDY INDIVIDUALS WITH ASSISTANCE WITH RENT, UTILITIES, MEDICAL EXPENSES, AND TRANSPORTATION COSTS. IN 2024, THE ORGANIZATION PROVIDED OVER 27,000 OF ASSISTANCE TO 202 INDIVIDUALS. |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 2372774 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 1950 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1950 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 206 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 206 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 1584 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1584 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1992 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
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| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/MissionDesc | 0 | OUR MISSION IS TO GIVE HOPE TO THE HOPELESS, CHANGING THE NEXT GENERATION BY LOVING AND TEACHING ONE FAMILY AT A TIME. GOD IS REAL AND ALIVE. HE HAS A PLAN FOR THEIR LIVES BECAUSE HE LOVES THEM ILLNESS AND POVERTY ARE NOT HIS PLANS, SO WE DO EVERYTHING POSSIBLE TO SERVE OUR COMMUNITY, WHETHER IT BE WITH MEDICINE, HELP WITH UTILITIES, BUS TICKETS, ROOM FOR THE HOMELESS, OR, AS ALWAYS, FOOD AND PRAYER. IT IS OUR HEART TO SERVE THE COMMUNITY WITH SELFLESSNESS AND LOVE IN WHATEVER WAYS WE CAN. |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION OPERATES A FOOD PROGRAM AND A BENEVOLENCE PROGRAM FOR INDIVIDUALS. THE FOOD PROGRAM IS A PERSONAL CHOICE FOOD PANTRY. INDIVIDUALS ARE REQUIRED TO FILL OUT AN APPLICATION TO PARTICIPATE. PARTICIPATION IS INCOME BASED. THE ORGANIZATION SERVICES ATOKA, BRYAN, JOHNSTON, MARSHALL, AND A SMALL PART OF COAL AND PUSHMATAHA COUNTIES. THE ORGANIZATION'S BENEVOLENCE PROGRAM PARTNERS CHURCHES TOGETHER TO SERVE PEOPLE WHO ARE IN NEED. IT IS A ONE TIME SERVICE. THE ORGANIZATION PROVIDES ASSISTANCE WITH RENT, UTILITY BILLS, MEDICINE, AND TRANSPORTATION COSTS. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE I, PAGE 1, PART I, LINE 2 |
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| IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt | 0 | LINE 6, COLUMN (B) IS REPORTING THE NUMBER OF DONATIONS RECEIVED. LINE 19, COLUMN (B) IS REPORTING THE NUMBER OF POUNDS OF FOOD RECEIVED. |
| IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE M, PAGE 2, PART II |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OUR MISSION IS TO GIVE HOPE TO THE HOPELESS, CHANGING THE NEXT GENERATION BY LOVING AND TEACHING ONE FAMILY AT A TIME. GOD IS REAL AND ALIVE. HE HAS A PLAN FOR THEIR LIVES BECAUSE HE LOVES THEM ILLNESS AND POVERTY ARE NOT HIS PLANS, SO WE DO EVERYTHING POSSIBLE TO SERVE OUR COMMUNITY, WHETHER IT BE WITH MEDICINE, HELP WITH UTILITIES, BUS TICKETS, ROOM FOR THE HOMELESS, OR, AS ALWAYS, FOOD AND PRAYER. IT IS OUR HEART TO SERVE THE COMMUNITY WITH SELFLESSNESS AND LOVE IN WHATEVER WAYS WE CAN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS ONE CLASS OF MEMBERS CONSISTING OF THE BOARD OF TRUSTEES THAT WILL SERVE AS VOTING MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF TRUSTEES, THE VOTING MEMBERS, HAVE THE AUTHORITY TO SELECT THE MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES IS THE GOVERNING BODY OF THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE VOTING MEMBERS OF THE ORGANIZATION CONSIST OF THE MEMBERS OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES HAVE THE AUTHORITY TO MAKE ALL GOVERNANCE DECISIONS OF THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. UPON INITIAL COMPLETION, THE FORM 990 IS PROVIDED TO THE PERSON IN CHARGE OF THE BOOKS AND RECORDS FOR REVIEW. ONCE THE RETURN HAS BEEN REVIEWED AND APPROVED, IT IS EMAILED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CONFLICT OF INTEREST POLICY COVERS ANY TRUSTEE, OFFICER, OR KEY EMPLOYEE WHO HAS AN INTEREST IN A CONTRACT, SALARY NEGOTIATION, OR OTHER TRANSACTION PRESENTED TO THE BOARD. IF A CONFLICT EXISTS, THE PERSON INVOLVED SHALL NOT VOTE ON, OR EXERT HIS PERSONAL INFLUENCE IN THE DISCUSSIONS OF THE TRANSACTION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION PROVIDES COMPENSATION TO THE VICE PRESIDENT OF THE ORGANIZATION. THE COMPENSATION IS WRITTEN IN THE MINUTES, VOTED ON BY THE INDEPENDENT MEMBERS OF THE BOARD, AND ESTABLISHED USING OUTSIDE DATA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | NO OTHER OFFICERS RECEIVE COMPENSATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2726 MATLOCK RD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ARLINGTON |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ELAINE L SOMMERVILLE CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-28T17:36:00-04:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
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