Civic Intelligence

Foundations for Hope Inc.

990 • Fiscal year 2022 • EIN 83-3497398

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 04, 2023

PO Box 62Trussville, AL 35173

(205) 591-9111

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

77th percentile

24%

Faster asset growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

50%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$962,985

Up $186,701 (+24%) from 2021

Net Assets

Up

$961,138

Up $187,754 (+24%) from 2021

Liabilities

Down

$1,847

Down $1,053 (-36%) from 2021

Revenue

Up

$449,946

Up $150,194 (+50%) from 2021

Expenses

Up

$259,366

Up $135,709 (+110%) from 2021

Net Income

Up

$190,580

Up $14,485 (+8.2%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2019: $394,388Liabilities 2019: $0Net Assets 2019: $394,3882019Assets 2020: $597,289Liabilities 2020: $0Net Assets 2020: $597,2892020Assets 2021: $776,284Liabilities 2021: $2,900Net Assets 2021: $773,3842021Assets 2022: $962,985Liabilities 2022: $1,847Net Assets 2022: $961,1382022Assets 2023: $1,096,569Liabilities 2023: $7,528Net Assets 2023: $1,089,0412023Assets 2024: $665,543Liabilities 2024: $9,437Net Assets 2024: $656,1062024

Highlighted filing

2022

Assets$962,985
Liabilities$1,847
Net Assets$961,138

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2019: $402,794Expenses 2019: $8,406Net Income 2019: $394,3882019Revenue 2020: $292,035Expenses 2020: $89,134Net Income 2020: $202,9012020Revenue 2021: $299,752Expenses 2021: $123,657Net Income 2021: $176,0952021Revenue 2022: $449,946Expenses 2022: $259,366Net Income 2022: $190,5802022Revenue 2023: $759,066Expenses 2023: $631,163Net Income 2023: $127,9032023Revenue 2024: $1,150,325Expenses 2024: $1,583,260Net Income 2024: -$432,9352024

Highlighted filing

2022

Revenue$449,946
Expenses$259,366
Net Income$190,580
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 4, 2023
Return Version
2022v5.0
Gross Receipts
$464,329
Mission and Program Overview

Mission

Foundations for hope exists to advance the gospel of jesus christ by providing critical resources and training in partnerships with local churches in areas of need across the globe.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$722,077$918,108▲ $196,031
Land, Buildings, and Equipment, Net$34,649$32,778▼ $1,871
Prepaid Expenses and Deferred Charges$19,558$12,099▼ $7,459
Total Assets$776,284$962,985▲ $186,701
Liabilities
Accounts Payable and Accrued Expenses$2,644--
Other Liabilities$256$1,847▲ $1,591
Total Liabilities$2,900$1,847▼ $1,053
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$773,384$961,138▲ $187,754
Total Net Assets Fund Balance$773,384$961,138▲ $187,754
Total Liabilities and Net Assets / Fund Balance$776,284$962,985▲ $186,701

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,983$3,492$19,475
Buildings$16,795$1,417$18,212
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randall TreglownChairman
Matthew MullinaxVice Chairman
Ginger TreglownDirector
Jeffrey GardnerDirector
Martin AdamsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$399,097
Program Service Revenue
$0
Investment Income
$954
Other Revenue
$49,895
All Other Contributions
$399,097
Change in Net Assets
$190,580

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 AmountValuation Method
Securities Publicly Traded4$309,898Fair Market Value (FMV)
Total Noncash Contributions4$309,898-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,396
Other Expenses$96,270
Salaries, Compensation, and Employee Benefits$35,700
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$127,396--$127,396
Travel$37,234--$37,234
Other Salaries and Wages-$30,778-$30,778
Advertising-$8,290-$8,290
Office Expenses-$4,616-$4,616
Depreciation Depletion-$4,052-$4,052
Pension Plan Contributions-$2,567-$2,567
Payroll Taxes-$2,355-$2,355
Other Expenses$7,686$736-$736
Total Functional Expenses$205,211$54,155$0$259,366
International Activity

International Summary

Offices
0
Employees
0
Spending
$127,396

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Assistance to Recipients Located in RegionTo Provide Funds for Church Planting and Water Wells.00$127,396
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$64,278
Fundraising Direct Expenses$14,383
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Fundraiser$64,278$64,278$14,383$49,895
Total Events$64,278$64,278$14,383$49,895
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Simple Ira Liability$1,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Randy treglown and matt mullinax have a business relationship together.

Form 990, Part VI, Section B, Line 11B

Upon completion of the organization's form 990, the board members review the tax return and are free to ask any questions or engage in discussion regarding any topic covered in the return. Once the governing body has reviewed and approved the form 990, the return is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer and board member of the organization must review and sign the written conflict of interest policy annually. Additionally, the organization will complete periodic reviews of compensation arrangements and arrangements with management organizations to make sure that no conflicts of interest have developed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Foundations for Hope Inc
EIN
83-3497398
Phone
2055919111
Address
PO BOX 62, TRUSSVILLE, AL 35173

Signing Officer

Name
Randall V Treglown
Title
Director
Phone
2055919111
Signed
2023-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall V Treglown
Formed
2019
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Borland Benefield Pc
Address
800 SHADES CREEK PKWY STE 875, BIRMINGHAM, AL 35209
Preparer
Jeffrey D Chandler CPA
Phone
2058027212
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0TO PROVIDE FUNDS FOR CHURCH PLANTING AND WATER WELLS.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0127396
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0REGION - CENTRAL AMERICA AND THE CARIBBEAN: THE GRANTEE PROVIDES THEIR MONTHLY EXPENSES TO THE ORGANIZATION EACH MONTH. THE ORGANIZATION THEN REVIEWS THE EXPENSES AND COMPILES A MONTHLY EXPENSE VARIANCE REPORT. UPON COMPLETION OF THE REPORT, THE ORGANIZATION APPROVES THE REPORT AND FUNDS THE GRANTEE. ADDITIONAL INFORMATION PROVIDED FROM THE GRANTEE CONTAINS: (1) MONTHLY REPORTS UPDATING THE ORGANIZATION ON THE CHILDREN, TEACHERS AND CURRENT CHALLENGES THE GRANTEE IS FACING (2) PICTURES CONFIRMING CERTAIN EXPENSES REPORTED WERE IN FACT INCURRED. IF ADDITIONAL INFORMATION IS REQUIRED, IT IS AVAILABLE UPON REQUEST. REGION - SUB-SAHARAN AFRICA: THIS GRANT WAS INITIALLY FUNDED TO A US NON-PROFIT (JESUS HARVESTERS MINISTRIES, EIN: 63-0957870). THE FINAL DESTINATION FOR THESE FUNDS IS A FOREIGN NON-PROFIT. THE FUNDS ARE MONITORED BY THE ORGANIZATION AND JHM, SEE THE FOLLOWING DESCRIPTION. JHM MONITORING PROCESS: THE BOARD CHAIRMAN OBTAINS UPDATES FROM THE GRANTEE WHICH INCLUDES CORRESPONDENCE AND PICTURES OF THE GRANTEE'S PROGRESS. THE CHAIRMAN THEN UPDATES THE BOARD AT THEIR NEXT MEETING. BANK ACCOUNTS AND FINANCIAL LEDGERS ARE MAINTAINED BY THE TREASURER AND REPORTED TO THE BOARD MEMBERS. THE BOARD THEN APPROVES OR DENIES ADDITIONAL FUNDS TO THE GRANTEE. JHM FILES AN ANNUAL FORM 990 WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION PROCESS: JHM PROVIDES THE ORGANIZATION WITH QUARTERLY REPORTS ON BEHALF OF THE GRANTEE. THESE REPORTS ACKNOWLEDGE ANY FUNDS RECEIVED FROM THE ORGANIZATION. THESE REPORTS ALSO IDENTIFY WHICH, IF ANY, FUNDS HAVE BEEN DISTRIBUTED TO THE GRANTEE THAT WERE FUNDED BY THE ORGANIZATION. THE ORGANIZATION THEN APPROVES OR DENIES ADDITIONAL FUNDS TO THE GRANTEE.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0127396
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014383
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm05K FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt064278
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064278
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt064278
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt064278
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt049895
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014383
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014383
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt04
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0309898
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RANDY TREGLOWN AND MATT MULLINAX HAVE A BUSINESS RELATIONSHIP TOGETHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION OF THE ORGANIZATION'S FORM 990, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND BOARD MEMBER OF THE ORGANIZATION MUST REVIEW AND SIGN THE WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. ADDITIONALLY, THE ORGANIZATION WILL COMPLETE PERIODIC REVIEWS OF COMPENSATION ARRANGEMENTS AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS TO MAKE SURE THAT NO CONFLICTS OF INTEREST HAVE DEVELOPED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0776284
IRS990/TotalAssetsEOYAmt0962985
IRS990/TotalAssetsGrp/BOYAmt0776284
IRS990/TotalAssetsGrp/EOYAmt0962985
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0399097
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054155
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0205211
IRS990/TotalFunctionalExpensesGrp/TotalAmt0259366
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02900
IRS990/TotalLiabilitiesEOYAmt01847
IRS990/TotalLiabilitiesGrp/BOYAmt02900
IRS990/TotalLiabilitiesGrp/EOYAmt01847
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0773384
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0961138
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0205211
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt050849
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0449946
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0776284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0962985
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt037234
IRS990/TravelGrp/TotalAmt037234
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06223 FOX BRANCH
IRS990/USAddress/CityNm0TRUSSVILLE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035173
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RANDALL V TREGLOWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02055919111
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATIONS FOR HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0833497398
ReturnHeader/Filer/PhoneNum02055919111
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 62
ReturnHeader/Filer/USAddress/CityNm0TRUSSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035173
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630721243
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BORLAND BENEFIELD PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 SHADES CREEK PKWY STE 875
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035209
ReturnHeader/PreparerPersonGrp/PhoneNum02058027212
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY D CHANDLER CPA
ReturnHeader/ReturnTs02023-08-09T12:05:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RANDALL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TREGLOWN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

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