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Beacon Of Hope Inc

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

EIN: 271612632 ✦ Mt holly, NJ ✦ Designated as a 501(c)(3)

Overview

What is Beacon Of Hope Inc?

Beacon Of Hope Inc, situated in Mt Holly, New Jersey, is a nonprofit organization committed to assisting individuals and families in need. Their primary focus is distributing free food to over 3,000 people monthly, offering a vital resource during challenging times. Additionally, they provide donated clothing for those in need as well. Beyond material aid, Beacon of Hope offers life skills training courses, running from April to October, to help individuals secure employment, manage finances, and improve parenting skills. By doing so, they aim to stimulate community growth and development, empowering individuals to rise above their circumstances and change their lives for the better.


Is Beacon Of Hope Inc legitimate?

Beacon Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Of Hope Inc 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: $28,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,880

For more financial information, click here


What is the mission statement of Beacon Of Hope Inc?
Who is the CEO of Beacon Of Hope Inc?
What is the revenue of Beacon Of Hope Inc?
Who are the executives of Beacon Of Hope Inc and what are their salaries?
Where can I find the form 990 for Beacon Of Hope Inc?

Mission Statement of Beacon Of Hope Inc

Beacon of Hope, a nonprofit organization, is committed to making a significant impact in people's lives. Their mission is twofold: firstly, they aim to provide essential necessities such as food and clean clothing to individuals and families in need. During the winter months, they offer a warm shelter as a respite from the elements. Secondly, Beacon of Hope focuses on offering life skills training to help individuals rise above their circumstances and stimulate community development and growth. They believe in unlocking potential through knowledge, with the goal of "Changing Lives ONE Heart at a Time." They achieve this by offering courses in various areas, including employment, financial freedom, and parenting skills, which run for four to six weeks from April to October. The organization's mission is to offer support and empowerment, helping individuals regain their footing and contribute positively to their communities.

Impact

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




Wednesday, July 24, 2024

Beacon of Hope Inc has had a significant impact on the community of Mt. Holly, NJ by providing essential resources such as food, clothing, and life skills training to those in need. Through their efforts, they have positively impacted over 3,000 individuals and families on a monthly basis. Their mission of "Changing Lives ONE Heart at a Time" is reflected in the practical support and empowerment they offer to help individuals rise above life's challenges. By unlocking the potential of community members through knowledge and skills, Beacon of Hope has been instrumental in stimulating community development and growth in Mt. Holly.





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: $13
  • Program Service Revenue: $0
  • Gross Receipts: $591,125

    • Assets and Liabilities:
  • Total Assets: $90,402
  • Total Liabilities: $13,902
  • Net Assets: $76,500
  • Organization Details

    Founding Year

    2010

    Principal Officer

    Torrence Trappier

    Main Address

    41 Mill Street, Mt Holly, NJ, 08060

    NTEE Category

    Code: P28 - Human services

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