EIN 81-4389154

Hope Ventures

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2017
Most recent tax filings
2022-12-01
Description
Hope Ventures coaches individuals and groups worldwide to increase community impact and foster sustainable care for their local communities. They have already coached 15 individuals and 3 groups towards this goal. Their Quito Entrepreneur Project serves impoverished communities in Quito, providing them with entrepreneurial opportunities. Hope Ventures is based in Pasadena, CA.
Total revenues
$248,957
2022
Total expenses
$161,850
2022
Total assets
$170,040
2022
Num. employees
3
2022

Program areas at Hope Ventures

(1) Impact Coaching - Hope Ventures coached 15 individuals and 3 groups in a variety of ways towards increased community impact and sustainable expression of care for their local communities.(2) Quito Entrepreneur Project - Serves local impoverished communities in Ecuador through the launch of a business incubator program with local partners. Continued Support through coaching, consulting, monitoring and evaluation for ongoing efforts among the business start-up community.(3) Haiti Entrepreneur Project - Serves impoverished communities in Port Au Prince through the support of a business incubator program run by local partners. Basic coaching, consulting, monitoring and evaluation for ongoing efforts among local partners in the business start-up community. On hold due to civil unrest.(4) Malawi - Facilitated training for local business mentors, trainers, and 16 entrepreneurs in Lilongwe to start and grow businesses.(5) Manila Entrepreneur Project - Due to the ramifications of the pandemic, we continued dialogue on laying the basic groundwork with local partners in Manila to launch an entrepreneur training program. This will launch in January of 2024.(6) Mozambique Entrepreneur Project - Helped poultry farming project in partnership with another 501(c)(3), Extreme Response. The project involved growing a 2,000 bird-per-cycle main farm, retail outlets, a local coop that supplies the chickens, and training for aspiring chicken farmers. The project had to navigate ISIS incursion, cyclones, and our country director's bout with Malaria and Typhoid.(7) Zimbabwe Entrepreneur Project - Business savings groups serving 50 underserved entrepreneurs.(8) South LA Entrepreneur Project - Continued serving impoverished communities in South LA through the support of a business incubator program run by a local partner. Basic coaching, consulting, monitoring ad evaluation for ongoing efforts among local partners. These are some of our numerical accomplishments:- 165 Entrepreneurs actively engaged in our training networks- 32 Business Mentors provided support to entrepreneurs- 10 Trainers from 5 different countries began their journey with entrepreneurs- 4 total projects continued in Ecuador, Malawi, Mozambique, and South LA- 1 New Project signed on to launch a business training program in Zimbabwe- 1 Chicken Farming Project continued in Mozambique that provided 250 eggs a day to children and trains local entrepreneurs to start their own businesses- 10 Partnerships with Local and Global Organizations - to impact communities around the globe- 1/2 of the entrepreneurs from our 2021 Malawi Program are reporting a 33% increase of income one year laterWe also implemented a formal program to measure the short and long-term impact of our projects.

Who funds Hope Ventures

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Extreme Response InternationalProgram Support$22,925
National Christian Foundation / Natl Christian Charitable FDN IncPoverty$9,500
AmazonSmile FoundationGeneral Support$17

Personnel at Hope Ventures

NameTitleCompensation
Mark Edgar-GoeserPresident$0

Financials for Hope Ventures

RevenuesFYE 12/2022
Total grants, contributions, etc.$128,841
Program services$73,580
Investment income and dividends$5
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$46,531
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$248,957

Form 990s for Hope Ventures

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-28990View PDF
2021-122022-05-22990EZView PDF
2020-122022-04-21990EZView PDF
2020-032020-09-11990EZView PDF
2019-032020-07-20990EZView PDF

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Data update history
December 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Used new vendors
Identified 1 new vendor, including
November 26, 2023
Received grants
Identified 1 new grant, including a grant for $22,925 from Extreme Response International
November 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
May 25, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsHuman service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Funds one specific organizationPartially liquidatedFundraising eventsTax deductible donations
General information
Address
836 Santa Barbara St No B
Pasadena, CA 91101
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
hopeventures.org/ 
Phone
(626) 678-1980
IRS details
EIN
81-4389154
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P11: Human Services Single Organization Support
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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