NonprofitsNew Hope Initiative Inc

Private Grantmaking Foundations

New Hope Initiative Inc

KINGWOOD, TX

Total revenue

$1.2M

Total expenses

$1.2M

Net assets

$140K

Grants received

$273K

19 grants

EIN

273984784

Tax year

2024

Mission

As a Christian ministry, establish and support: feeding centers, schools, medical clinics, and orphanages in various countries to provide food, education, medical and spiritual support to indigent children and their families.

Programs

3 programs

Olorien Community Clinic in Arusha, Tanzania. NHI provides funds for a full service medical facility seeing 200+ patients per day. NHI grants cover the cost of staff (3 doctors; 24 staff), facilities, and equipment (lab, x-ray, ultrasound, minor operating room) Arusha Academy: We offer monthly support to enable indigent local students to attend this private fee based school

Expenses: $179KGrants: $140K

Orphanage - Moribatown, Sierra Leone. NHI provides funds to care for 70+ children, many with special needs; costs include food, clothing, medical care, education, and the cost of staff / facilities

Expenses: $144KGrants: $113K

Additional projects: Nicaragua, India, Nepal

Expenses: $113KGrants: $88K

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue
Investment income
Other revenue$48K
Total revenue$1.2M

Expenses

Grants paid$938K
Salaries & benefits$183K
Fundraising
Other expenses$55K
Total expenses$1.2M
Total assets$140K
Net assets$140K

People

15 listed

NameRoleCompensation

Sandy Baird

Exec Director

Board

$66K

30 hrs/wk

David Belk

Board Member

Board

$30K

15 hrs/wk

James Wagstaff

Chair

Board

$30K

15 hrs/wk

Karen Baird

Exec Board

Board

12 hrs/wk

Tom Maine

Vice Chair

Board

6 hrs/wk

Luke Bondy

Treasurer

Board

6 hrs/wk

Cheryl Wood

Secretary

Board

2 hrs/wk

Logan Ashcraft

Board Member

Board

1 hrs/wk

Kelsey Baird

Board member

Board

5 hrs/wk

Dr Robert Byemba

Board Member

Board

1 hrs/wk

Kristin Cope

Board member

Board

1 hrs/wk

Christi Davis

Board Member

Board

1 hrs/wk

Susan Griffin

Board Member

Board

1 hrs/wk

Gerard Monsivaiz

Board Member

Board

1 hrs/wk

TJ Walter

Board Member

Board

1 hrs/wk

Grants received

Showing 19 of 19

FromAmountPurposeYear
$40K
LIBRARIES
2024
$25K
GENERAL OPERATING SUPPORT
2024
$9K
For grant recipient's exempt purposes
2023
$7K
PUBLIC, SOCIETAL BENEFIT
2023
$4K
PROGRAM/OPERATING SUPPORT
2023
$2K
PROGRAM SUPPORT
2023
$7K
For grant recipient's exempt purposes
2022
$6K
SIERRA LEONE EDUCATION PROJECTS
2022
$8K
For grant recipient's exempt purposes
2021
$8K
For grant recipient's exempt purposes
2021
$16K
For grant recipient's exempt purposes
2020
$575
EXEMPT PURPOSE
2020
$65K
For grant recipient's exempt purposes
2019
$15K
PUBLIC, SOCIETAL BENEFIT
2019
$21K
For grant recipient's exempt purposes
2018
$19K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$273K from 10 funders · 19 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$151K · 8 grants · 2017–2023

Friends Of Vail Inc

$40K · 1 grant · 2024

American Endowment Foundation

$25K · 1 grant · 2024

American Online Giving Foundation Inc

$21K · 3 grants · 2019–2022

National Philanthropic Trust

$15K · 1 grant · 2019

Details

EIN273984784
NTEE codeT20
Subsection03
Ruling date2011-03
Formed2010
Employees4
Volunteers100
NEW HOPE INITIATIVE INC — Mission, Financials & Grants Received | Grantivo