Overview
What is New Hope Initiative Inc?
New Hope Initiative Inc, headquartered in Kingwood, Texas, operates as a Christian-based nonprofit organization with a mission to support and establish feeding centers, schools, medical clinics, and orphanages in several foreign countries. Their primary focus is on aiding indigent children and their families by providing essential needs such as food, education, and medical care. Specifically, they fund various projects in Kibera Slum, Nairobi, Kenya, including a full scholarship academy for over 400 students, secondary school scholarships for high school-bound students, medical services at the New Hope Clinic, and job training and micro-business loans for single mothers through Project Biashara.
Official website here: www.newhopeinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating
New Hope Initiative Inc has earned an 85% overall score from Charity Navigator, primarily reflecting its strong accountability and finance practices. The organization's score highlights a robust commitment to transparency, with several key governance policies in place, including conflict of interest and whistleblower policies. This shows a well-structured management system that is likely to inspire confidence among donors and stakeholders.
The charity's board is predominantly independent, with 78% of members meeting this criterion, which further strengthens its governance. Additionally, the organization boasts an impressive program expense ratio of 98.41%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. This focus on programmatic spending is essential for maximizing impact and supports the charity's mission effectively.
However, while the financial metrics are strong, the rating does not encompass other potential areas of performance or impact outside of financial accountability. Stakeholders may wish to consider additional factors such as program outcomes and community feedback for a more comprehensive understanding of the organization's effectiveness. Overall, New Hope Initiative Inc demonstrates solid financial health and governance practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Initiative Inc legitimate?
New Hope Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Initiative 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $66,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,700
For more financial information, click here
Official website here: www.newhopeinitiative.org
What is the mission statement of New Hope Initiative Inc?
New Hope Initiative Inc, as a Christian ministry, is dedicated to establishing and sustaining various facilities in foreign countries. These facilities include feeding centers, schools, medical clinics, and orphanages, with the primary aim of providing essential support to indigent children and their families. The organization's mission is to offer food, education, and medical care to these vulnerable individuals, thereby enhancing their quality of life. Through grants, New Hope Initiative Inc funds initiatives such as New Hope Academy, Penda Project, New Hope Clinic, and Project Biashara, which provide full scholarships, secondary school scholarships, basic medical services, job training, and micro-business loans, respectively.
Official website here: www.newhopeinitiative.org
Who is the CEO of New Hope Initiative Inc?
Luke Bondy is the Treasurer of New Hope Initiative Inc.
Official website here: www.newhopeinitiative.org
What is the revenue of New Hope Initiative Inc?
New Hope Initiative Inc's revenue in 2022 was $1,106,496.
Official website here: www.newhopeinitiative.org
Who are the executives of New Hope Initiative Inc and what are their salaries?
The average compensation at New Hope Initiative Inc during 2022 was $27,425. There are 4 employees and 70 volunteers at New Hope Initiative Inc.
Here are 14 key members and their salaries:
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Official website here: www.newhopeinitiative.org
Where can I find the form 990 for New Hope Initiative Inc?
New Hope Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhopeinitiative.org
Learn more at the official website: www.newhopeinitiative.org
Mission Statement of New Hope Initiative Inc
New Hope Initiative Inc, as a Christian ministry, is dedicated to establishing and supporting various facilities in foreign countries. Their mission is to provide essential aid to indigent children and their families, ensuring they have access to food, education, and medical care. This nonprofit organization funds feeding centers, schools, medical clinics, and orphanages in various locations, aiming to uplift the lives of those in need.
Specifically, New Hope Initiative Inc supports a full scholarship academy, New Hope Academy, in the Kibera Slum of Nairobi, Kenya. The academy, which caters to over 400 students from pre-K to grade 8, is fully funded by the nonprofit. Beyond this, the organization also provides secondary school scholarships for over 160 students graduating from New Hope Academy, enabling them to attend local high schools, and further scholarships for an additional 20 students to pursue university education.
Additionally, New Hope Initiative Inc supports the Penda Project, offering scholarships to students for secondary and higher education. Furthermore, the organization provides basic medical services to students and their families through the New Hope Clinic, which is funded by New Hope Initiative Inc. Lastly, Project Biashara, supported by the nonprofit, offers job training and micro-business loans to approximately 30 single mothers, allowing them to produce and sell goods.
In summary, New Hope Initiative Inc, a Christian ministry, is committed to establishing and supporting essential facilities in foreign countries. Their mission is to provide food, education, and medical care to indigent children and their families. Through funding various initiatives, such as the New Hope Academy, Penda Project, New Hope Clinic, and Project Biashara, the organization aims to uplift the lives of those in need, ensuring they have the necessary support for a better future.
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Impact
October, 2024
The New Hope Initiative Inc has made a significant impact in various communities, particularly in the Kibera Slum of Nairobi, Kenya. Through its comprehensive programs, it addresses critical needs for food, education, medical care, and spiritual support, profoundly benefiting both children and their families.
In the educational realm, the organization operates New Hope Academy, offering full scholarships to over 400 students from pre-K to grade 8. This initiative ensures that children receive not only quality education but also daily meals, thereby alleviating hunger and promoting academic success. Furthermore, the Penda Project provides scholarships for over 160 students transitioning to secondary schools and additional support for 20 students pursuing university education, fostering opportunities for a brighter future.
Healthcare is another cornerstone of the initiative's mission. The New Hope Clinic delivers essential medical services to students and their families through the provision of a registered nurse, significantly improving access to healthcare in an area where such services are often limited.
Additionally, the Project Biashara empowers single mothers by offering job training and micro-business loans, enabling them to create and sell products. This initiative not only supports economic independence but also strengthens the community by fostering entrepreneurial skills among women.
Through these multifaceted programs, New Hope Initiative Inc plays a crucial role in transforming lives and uplifting entire communities, paving the way for sustainable development and hope.
This information is meant to be a general summary of New Hope Initiative Inc. 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.
- Gross Receipts: $1,106,496
Assets and Liabilities:
- Total Assets: $512,523
- Total Liabilities: $2,124
- Net Assets: $510,399
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Organization Details
Founding Year
2010
Phone
(281) 414-2059Principal Officer
Luke Bondy
Main Address
PO Box 5071, Kingwood, TX, 77325
Website
www.newhopeinitiative.orgNTEE Category
Code: T20 - Philanthropy
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