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The Hope Venture

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270863959 ✦ Lincoln, NE ✦ Designated as a 501(c)(3)

Overview

What is The Hope Venture?

The Hope Venture is a compassionate nonprofit organization, headquartered in Lincoln, Nebraska. Its primary mission is to offer hope and dignity to disadvantaged individuals worldwide by investing in education and health projects. In 2022, they successfully supported 587 students, primarily high school students in Kenya, where the dropout rate is alarmingly high at nearly 60%. Additionally, they extend their support to a few students in Uganda and scholarship students in Kenya, Rwanda, and South Asia. Based on their mission statement, The Hope Venture employs a team of eight dedicated individuals.


Official website here: www.thehopeventure.org/

Is The Hope Venture legitimate?

The Hope Venture is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hope Venture submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $220,427

For more financial information, click here


Official website here: www.thehopeventure.org/

What is the mission statement of The Hope Venture?

The mission of The Hope Venture is focused on extending hope and dignity to disadvantaged individuals worldwide, primarily through educational and health projects. The organization aims to make a significant impact in these areas, working tirelessly to uplift the most vulnerable populations. In the year 2022, The Hope Venture supported 587 students in their educational pursuits, mainly high school students in Kenya, where the dropout rate is close to 60%. Additionally, the initiative sponsors a few students in Uganda and provides scholarships to students in Kenya, Rwanda, and South Asia.


Official website here: www.thehopeventure.org/

Who is the CEO of The Hope Venture?

Cynci Petersen is the Principal Officer of The Hope Venture.


Official website here: www.thehopeventure.org/

What is the revenue of The Hope Venture?

The Hope Venture's revenue in 2022 was $1,264,391.


Official website here: www.thehopeventure.org/

Who are the executives of The Hope Venture and what are their salaries?

The average compensation at The Hope Venture during 2022 was $32,553. There are 8 employees and 100 volunteers at The Hope Venture.

Here are 7 key members and their salaries:

    Cynthia Petersen (Executive Director)
  • Compensation: $40,000
  • Related: $0
  • Other: $0

    • John Kroeker (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Cohoon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tramaine Combs (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jody Kongsjord (Chairman & Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katherine Stewart (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marla Styles (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thehopeventure.org/

    Where can I find the form 990 for The Hope Venture?

    The The Hope Venture’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thehopeventure.org/

    Learn more at the official website: www.thehopeventure.org/

    Mission Statement of The Hope Venture

    The Hope Venture, a nonprofit organization, is dedicated to bringing hope and dignity to the most disadvantaged individuals worldwide, primarily through education and health projects. Its mission is to extend a helping hand to those in need, focusing on improving their lives through these two critical areas. In particular, The Hope Venture has made significant strides in supporting high school students in Sub-Saharan Africa and South Asia. With a high dropout rate of nearly 60% in high schools in Kenya, this organization has stepped in to provide essential assistance. Beyond Kenya, it also lends a hand to students in Uganda and offers scholarships to students in Kenya, Rwanda, and South Asia. By investing in education and nurturing young minds, The Hope Venture is playing a crucial role in empowering the next generation and fostering a more equitable world.

    Impact

    This information is meant to be a general summary of The Hope Venture. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Hope Venture impacts the lives of hundreds of students in sub-Saharan Africa and South Asia by supporting their education. In 2022 alone, they assisted 587 students, primarily in Kenya where the high school dropout rate is nearly 60%. Additionally, they sponsor students in Uganda and provide scholarships to students in Kenya, Rwanda, and South Asia. Through their education projects, The Hope Venture is bringing hope and dignity to the most disadvantaged individuals in these regions.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,364
  • Program Service Revenue: $0
  • Gross Receipts: $1,312,823

    • Assets and Liabilities:
  • Total Assets: $485,124
  • Total Liabilities: $31,946
  • Net Assets: $453,178
  • Organization Details

    Founding Year

    2009

    Principal Officer

    Cynci Petersen

    Main Address

    315 S 9th Street Ste 200, Lincoln, NE, 68508

    NTEE Category

    Code: Q30 - International

    If you are a representative of The Hope Venture and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.