Overview
What is Hope Ventures Inc?
Hope Ventures Inc is a nonprofit organization based in Pasadena, California, with a mission to empower businesses in underserved communities globally. They achieve this through various initiatives, such as impact coaching for individuals and groups, launching entrepreneurial projects in countries like Ecuador, Haiti, and Mozambique, and providing training for local mentors and entrepreneurs. Currently, they have 165 entrepreneurs engaged in their training networks and have ongoing projects in Ecuador, Malawi, Mozambique, and South LA. Hope Ventures also partners with 10 local and global organizations to expand their impact. Despite challenges like civil unrest and natural disasters, they remain committed to their mission, with a new project in Zimbabwe and a planned program in Manila.
Official website here: www.hopeventures.org
Is Hope Ventures Inc legitimate?
Hope Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Ventures 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: $70,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,560
For more financial information, click here
Official website here: www.hopeventures.org
What is the mission statement of Hope Ventures Inc?
Hope Ventures Inc's mission is focused on empowering organizations globally to establish thriving businesses in underserved communities. They achieve this through various projects, such as Impact Coaching, business incubator programs in Ecuador and Haiti, and entrepreneur training programs in Malawi, Manila, and Zimbabwe. Their activities include coaching, consulting, monitoring, and evaluating the efforts of local partners in these communities. Hope Ventures Inc has also facilitated training for local business mentors and trainers, and engaged with over 165 entrepreneurs in their networks. The organization has reported positive impacts, including a 33% income increase for some entrepreneurs from their 2021 Malawi program.
Official website here: www.hopeventures.org
What is the revenue of Hope Ventures Inc?
Hope Ventures Inc's revenue in 2023 was $264,756.
Official website here: www.hopeventures.org
Who are the executives of Hope Ventures Inc and what are their salaries?
The average compensation at Hope Ventures Inc during 2023 was $38,187. There are 3 employees and 25 volunteers at Hope Ventures Inc.
Here are 7 key members and their salaries:
- Compensation: $70,000
- Related: $0
- Other: $0
- Compensation: $32,847
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hopeventures.org
Where can I find the form 990 for Hope Ventures Inc?
Hope Ventures Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hopeventures.org
Learn more at the official website: www.hopeventures.org
Mission Statement of Hope Ventures Inc
Hope Ventures Inc is an organization dedicated to empowering communities worldwide by training local organizations to foster thriving businesses in underserved areas. Their mission, in simple terms, is to equip and support these organizations with the necessary skills and resources to establish and sustain profitable enterprises in areas that often lack such opportunities. By doing so, Hope Ventures aims to contribute to the betterment of these communities, ultimately improving the lives of those living there. They accomplish this mission through various initiatives, such as Impact Coaching, business incubator programs in Ecuador and Haiti, and entrepreneur training programs in different parts of the world, including Malawi and Manila. Hope Ventures' work is not limited to direct involvement; they also collaborate with local and global organizations to extend their reach and impact communities around the globe.
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Impact
October, 2024
Hope Ventures Inc significantly enhances community impact by coaching individuals and groups to foster sustainable care in their local environments. With a focus on empowering local leaders, they have successfully trained 15 individuals and 3 groups to develop strategies that address community needs. Their Quito Entrepreneur Project is a notable initiative that provides entrepreneurial opportunities in impoverished communities, enabling participants to create sustainable economic growth. Based in Pasadena, CA, Hope Ventures is committed to driving change and facilitating growth for those in need, demonstrating a profound dedication to social impact around the globe.
This information is meant to be a general summary of Hope Ventures 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 2023.
- Investment Income: $6
- Program Service Revenue: $73,080
- Gross Receipts: $278,924
Assets and Liabilities:
- Total Assets: $170,040
- Total Liabilities: $6,521
- Net Assets: $163,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTREPRENEUR TRAINING
Revenue
$73,080
Organization Details
Founding Year
2017
Principal Officer
Mark Edgar-Goeser
Website
www.hopeventures.orgNTEE Category
Code: P11 - Human services
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