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/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Hope Venture has received a solid rating of 80%, indicating a good level of accountability and transparency in its operations. The organization excels in areas such as Culture & Community and Leadership & Adaptability, both scoring a perfect 100. However, some areas for improvement include the absence of a whistleblower policy and a document retention policy, which are reflected in their scores for Accountability & Finance.
User feedback is overwhelmingly positive, highlighting the organization's commitment to transparency, community engagement, and its unique model of ensuring that 100% of donations go directly to the intended projects. Many reviewers appreciate the opportunity to see the impact of their contributions firsthand, whether through personal stories or by participating in various projects and events. This strong community connection and dedication to their mission has fostered a loyal donor base.
While the organization is lauded for its effectiveness and integrity, some reviews point out the need for more robust policies regarding governance. Overall, The Hope Venture stands out as a compassionate and impactful nonprofit, making a meaningful difference both locally and globally.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Hope Venture?
92% of 15 reviewers on Facebook recommend The Hope Venture. Here's a summary of their thoughts:
Many users express a strong appreciation for the nonprofit's mission, highlighting how it embodies values of service and compassion, often referencing its alignment with their faith. The organization is commended for making a tangible difference in the community, with reviewers noting their involvement in meaningful projects that provide hope and support to those in need.
Overall, the sentiment reflects a sense of fulfillment among supporters, who feel connected to the impactful work being done by The Hope Venture. The organization is recognized for its dedication and the positive changes it facilitates, making it a well-regarded choice among those looking to contribute to charitable efforts.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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:
- Compensation: $40,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.thehopeventure.org/
Where can I find the form 990 for The Hope Venture?
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.
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Impact
October, 2024
The Hope Venture has made a significant impact by providing hope and dignity to disadvantaged communities through education and health initiatives. In 2022, the organization supported 587 students in sub-Saharan Africa and South Asia, with a strong focus on high school students in Kenya, where nearly 60% drop out before graduation. By sponsoring students not only in Kenya but also in Uganda, Rwanda, and across South Asia, The Hope Venture addresses critical education gaps and empowers individuals to pursue their academic goals. Through these efforts, it fosters a brighter future for countless young people, enhancing their opportunities and lifting communities out of cycles of poverty.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,364
- Gross Receipts: $1,312,823
Assets and Liabilities:
- Total Assets: $485,124
- Total Liabilities: $31,946
- Net Assets: $453,178
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Organization Details
Founding Year
2009
Phone
(402) 802-8296Principal Officer
Cynci Petersen
Main Address
315 S 9th Street Ste 200, Lincoln, NE, 68508
Website
www.thehopeventure.org/NTEE Category
Code: Q30 - International
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