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Inheritance Of Hope Inc

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

EIN: 753243566 ✦ Seneca, SC ✦ Designated as a 501(c)(3)

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Overview

What is Inheritance Of Hope Inc?

Inheritance of Hope Inc, based in Seneca, South Carolina, is a nonprofit organization dedicated to providing support for children and families who are coping with the loss of a parent. Their mission is to inspire hope within these young families, offering a variety of resources and relationships to help them overcome the unique challenges they face. Through their signature events and ongoing services, they aim to create a supportive community, ensuring each family member feels loved and cared for. During the time period of October 1, 2021, to September 30, 2022, they delivered 2,937 services to families in need. Currently, Inheritance of Hope Inc employs 17 individuals, demonstrating their commitment to helping families in their time of grief.


Official website here: www.inheritanceofhope.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 90%, Four-Star out of Four Star rating

Inheritance of Hope Inc (IoH) holds a strong 90% rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization scored perfectly in several areas, including having 100% independent board members and an excellent program expense ratio of 86.25%. However, there are a few areas for improvement, such as the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which received zero points.

User feedback from Great Nonprofits highlights the profound impact IoH has on families affected by terminal illnesses. Many clients have shared heartfelt experiences about the organization's supportive community, which offers various services such as weekend retreats and online support groups. Testimonials often emphasize how these programs help families connect, share their experiences, and create lasting memories, showcasing the compassionate environment fostered by the organization.

Despite its many strengths, some feedback suggests that the organization could enhance its operational policies to further bolster trust and transparency. Nonetheless, the overwhelming consensus from clients and volunteers is that Inheritance of Hope provides vital emotional support and practical resources, making it a cherished resource for families navigating the challenges of terminal illness.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Inheritance Of Hope Inc legitimate?

Inheritance Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inheritance 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $95,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $863,233

For more financial information, click here


Official website here: www.inheritanceofhope.org

What is the mission statement of Inheritance Of Hope Inc?

Inheritance Of Hope Inc is dedicated to inspiring hope in young families who are grappling with the loss of a parent. Their mission is to provide resources and relationships for these families, helping them navigate the unique challenges they face. Through their signature events and ongoing services, they offer content and community to each family member, ensuring they know the hope of being loved. During the period from October 1st, 2021, to September 30th, 2022, they delivered 2,937 services to support their cause.


Official website here: www.inheritanceofhope.org

Who is the CEO of Inheritance Of Hope Inc?

Deric Milligan is the Chairman of Inheritance Of Hope Inc.


Official website here: www.inheritanceofhope.org

What is the revenue of Inheritance Of Hope Inc?

Inheritance Of Hope Inc's revenue in 2022 was $2,184,244.


Official website here: www.inheritanceofhope.org

Who are the executives of Inheritance Of Hope Inc and what are their salaries?

The average compensation at Inheritance Of Hope Inc during 2022 was $56,417. There are 17 employees and 813 volunteers at Inheritance Of Hope Inc.


Here are 10 key members and their salaries:


Deric Milligan (Chairman)
  • Compensation: $95,862
  • Related: $0
  • Other: $0
Op Cooper (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Reid (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Birney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Paul Grady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Barcus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Dix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Dewey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Bohannon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.inheritanceofhope.org

Where can I find the form 990 for Inheritance Of Hope Inc?

Inheritance Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.inheritanceofhope.org

Learn more at the official website: www.inheritanceofhope.org

Mission Statement of Inheritance Of Hope Inc

Inheritance of Hope Inc, a nonprofit organization, is dedicated to providing hope to young families who are grappling with the loss of a parent. Their mission is centered around offering resources and building relationships to help these families navigate the unique challenges they face.

Through their ministry, Inheritance of Hope offers a range of events and ongoing services designed to support each member of the family. Their aim is to ensure that every family member knows the hope of being loved during this difficult time. From October 1, 2021, to September 30, 2022, they delivered 2,937 services, demonstrating their commitment to their cause.

In essence, Inheritance of Hope Inc is a beacon of hope for families facing the loss of a parent. By offering support, resources, and a sense of community, they strive to help these families find solace and strength in their darkest hours.

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Impact




June, 2024

Inheritance Of Hope Inc inspires hope in young families facing the loss of a parent. Their ministry serves children and families confronting this challenge with resources and relationships tailored to their needs. Through signature events and ongoing services, they provide content and community for each family member, offering the hope of being loved. In the last year, they delivered 2,937 services to support families in Seneca, SC. Inheritance Of Hope Inc's impact extends beyond providing services; they make a difference by promoting mental health and offering vital support to families during difficult times.




This information is meant to be a general summary of Inheritance Of Hope 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.

Revenue
$2,184,244 (2022)
Expenses
$2,170,820 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $27,656
  • Gross Receipts: $2,184,244

Assets and Liabilities:

  • Total Assets: $2,465,824
  • Total Liabilities: $121,007
  • Net Assets: $2,344,817

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Organization Details

Founding Year

2007

Principal Officer

Deric Milligan

Main Address

PO BOX 155, SENECA, SC, 29679

NTEE Category

Code: F60 - Mental health

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